NOT LISTED FOR SALE

235 E Coolidge Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $1,170,000 - $1,342,828

4 Beds
2 Baths
1,900 Sq Ft
$661/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $1,225,000 $645 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,850/month

50 Days on Market

Highlights

  • 0.69 Acre Lot
  • Security Gate
  • Tile Flooring
  • No HOA
  • Bungalow
  • 10 Car Garage

About This Home

As of August 2021

Colliers International's Central Valley Investment Team is proud to present the Coolidge Cottages, located at 235 E. Coolidge Avenue, in the bustling Central Valley city of Modesto, CA, the largest city in Stanislaus County. This is an excellent opportunity for an investor to obtain a unique asset that is comprised of ten, individual dwellings. The property is conveniently located in the desirable McHenry Avenue/Granger Avenue corridor, the main retail and commercial corridor of Modesto. The Coolidge Cottages enjoys one large 3-bedroom home and nine individual 1-bedroom cottages, providing a private and desirable setting for its residents. The spacious lot allows for plenty of common area use that is secured by a front gate and new fencing. Many of the units have been remodeled with granite counter tops, laminate flooring, new paint and new appliances.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 04/05/2021

Last Buyer's Agent

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 04/05/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 0.69 Acre Lot

Home Design

  • Bungalow
  • Raised Foundation
  • Frame Construction
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile

Home Security

  • Security Gate
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 10 Car Garage
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 031-001-017

Community Details

Overview

  • No Home Owners Association
  • 10 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • 10 Units Leased Month-To-Month
  • Insurance Expense $3,700
  • Maintenance Expense $2,000
  • Other Expense $29,000
  • Professional Management Expense $7,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s)
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1951
  • Architectural Style: Bungalow
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate

Exterior Features

  • Construction Materials: Block, Stucco, Frame, Wood
  • Foundation: Raised
  • Listing Price: 1300000.00
  • Lot Features: None

Garage/Parking

  • Parking Features: Carport, Garage
  • Total Parking Spaces: 10

Utilities

  • Security: Carbon Mon Detector, Smoke Detector, Security Gate
  • Sewer: Sewer Connected
  • Utilities: City
  • Cooling: Wall Unit(s), Window Unit(s)
  • Electric: 220 Volts
  • Heating: Wall Furnace
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-3
  • Irrigation: Meter on Site
  • Lot Size Acres: 0.6932
  • Lot Size Sq Ft: 30196

Rental Info

  • Total # Leasable: 10

Multi Family

  • Income Includes: Storage
  • Insurance Expense: 3700
  • Maintenance Expense: 2000
  • Number of Leased Units: 10
  • Number of Month to Month Units: 10
  • Number of Units: 10

Tax Info

  • Assessor Parcel Number: 031-001-017
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jul 26, 2021
Sold by
Veera Harrison Properties Llc
Bought by
Advanced Space Solutions Llc
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
List Price
$1,300,000
Sold Price
$1,225,000
Premium/Discount to List
-$75,000
-5.77%
Current Estimated Value
$1,256,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,414
Avg. Annual Appreciation
0.58%
Original Mortgage
$674,000
Outstanding Balance
$611,831
Interest Rate
2.93%
Mortgage Type
Construction
Estimated Equity
$644,583

Purchase Details

Closed on
Oct 27, 2016
Sold by
Hays Judy Dolores and Hays Judy Dolores
Bought by
Paxica Group Llc and Flip It Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2001
Sold by
Aiken Raymond E and Aiken Lujean C
Bought by
Hays Judy Dolores and Hays Judy Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,800
Interest Rate
7.06%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 6, 1998
Sold by
Arelli Paul D D and Arelli Harold
Bought by
Aiken Raymond E and Aiken Lujean C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Advanced Space Solutions Llc $1,225,000 Chicago Title Company
Paxica Group Llc $450,000 None Available
Hays Judy Dolores $170,000 Alliance Title Company
Aiken Raymond E $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Advanced Space Solutions Llc $674,000
Previous Owner Paxica Group Llc $498,000
Previous Owner Hays Judy Dolores $118,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2021 08/02/21 Sold $1,225,000 -5.8% $645 / Sq Ft
05/25/2021 05/25/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $1,300,000 +27.5% $684 / Sq Ft
12/20/2019 12/20/19 Sold $1,020,000 -7.3% $378 / Sq Ft View Prior Sale
09/19/2019 09/19/19 Pending -- -- --
08/16/2019 08/16/19 Price Changed $1,100,000 -8.3% $407 / Sq Ft
07/08/2019 07/08/19 For Sale $1,199,000 0.0% $444 / Sq Ft
07/05/2019 07/05/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,199,000 0.0% $444 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
04/18/2019 04/18/19 Price Changed $1,199,000 -4.1% $444 / Sq Ft
03/03/2019 03/03/19 For Sale $1,250,000 0.0% $463 / Sq Ft
10/24/2018 10/24/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $1,250,000 0.0% $463 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $1,250,000 0.0% $463 / Sq Ft
08/18/2018 08/18/18 Pending -- -- --
08/14/2018 08/14/18 For Sale $1,250,000 0.0% $463 / Sq Ft
07/04/2018 07/04/18 Pending -- -- --
06/29/2018 06/29/18 Price Changed $1,250,000 -10.7% $463 / Sq Ft
05/18/2018 05/18/18 For Sale $1,400,000 -- $519 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,202 $1,299,979 $159,181 $1,140,798
2024 $14,522 $1,274,490 $156,060 $1,118,430
2023 $14,308 $1,249,500 $153,000 $1,096,500
2022 $13,960 $1,225,000 $150,000 $1,075,000
2021 $11,268 $1,030,567 $151,554 $879,013
2020 $11,489 $1,020,000 $150,000 $870,000
2019 $5,255 $468,180 $104,040 $364,140
2018 $5,002 $459,000 $102,000 $357,000
2017 $4,883 $450,000 $100,000 $350,000
2016 $5,102 $470,000 $56,500 $413,500
2015 $4,240 $390,000 $56,500 $333,500
2014 $3,821 $350,000 $56,500 $293,500
Source: Public Records

Agents Affiliated with this Home

  • Andy Hodgson

    Seller's Agent in 2021

    Andy Hodgson

    Colliers Parrish Inten'l Inc.

    (209) 475-5110

    3 in this area

    52 Total Sales

    Andy Hodgson
    Section Image
  • Christopher Reese

    Seller's Agent in 2019

    Christopher Reese

    The Exception Realty

    (916) 502-1656

    55 Total Sales

    Christopher Reese
    Section Image

  • N

    Buyer's Agent in 2019

    Non-MLS Member

    Non-MLS Office

See All Agents

Map

Source: MetroList

MLS Number: 221030053

MetroList

APN: 031-01-17

California Stanislaus County Modesto 95350 Central Modesto

235 E Coolidge Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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