NOT LISTED FOR SALE

242 Corson Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $760,000 - $1,593,209

5 Beds
4 Baths
4 Sq Ft
$294,151/Sq Ft Est. Value

Last Sold February 11, 2013

Last sale price $515,000 $128,750 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $6,989/month

94 Days on Market

Highlights

  • 0.64 Acre Lot
  • 9 Car Garage
  • 1-Story Property
  • No HOA

About This Home

As of February 2013

Wonderful 9 well maintained units for sale. Pride of ownership throughout. Current owners have had this property in the family for decades. Features 4 duplex units with one bedroom each and one two bedroom house located near large outdoor shopping center, other commercial business, as well as, schools and parks. All units have newer roofs and offer private garage parking for each unit. All units have full occupancy and long term tenants.

Last Agent to Sell the Property

Dennis Lilly

Berkshire Hathaway HomeServices-Drysdale Properties License #00999246 Listed on: 11/02/2012

Berkshire Hathaway HomeServices-Drysdale Properties

Last Buyer's Agent

Dennis Lilly

Berkshire Hathaway HomeServices-Drysdale Properties License #00999246 Listed on: 11/02/2012

Berkshire Hathaway HomeServices-Drysdale Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,084

Lot Details

  • 0.64 Acre Lot
  • Lot Dimensions: 27980

Parking

  • 9 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 112-045-054-000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 9 Units

Building Details

  • 9 Leased Units
  • 9 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,084

Lot Details

0

Parking

9

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Accessibility Features: 0
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Year Built Details: Unknown
  • Number of One Bedroom Units: 8
  • Number of Two Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Disposal,Free Standing Electric Range
  • Flooring: Carpet,Laminate
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,Transfer Disclosure Statement,See Remarks
  • Listing Price: 549000.00
  • Patio And Porch Features: See Remarks
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 9
  • Parking Features: Garage

Utilities

  • Security: See Remarks
  • Cooling: Ceiling Fan(s),Window Unit(s)
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Yard Space,See Remarks
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: r-3
  • Lot Size Acres: 0.6400
  • Lot Dimensions: 27980
  • Lot Size Sq Ft: 27878

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 9

Multi Family

  • Gross Income: 64260
  • Income Includes: See Remarks
  • Number of Leased Units: 9
  • Number of Month to Month Units: 9
  • Number of Units: 9
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 112-045-054-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2012
Closed on
Jan 31, 2013
Sold by
Billington Barbara K and The Otto R Mauerman Irrevocabl
Bought by
Winning Wealth Management Llc
Seller's Agent
Dennis Lilly
Berkshire Hathaway HomeServices-Drysdale Properties
Buyer's Agent
Dennis Lilly
Berkshire Hathaway HomeServices-Drysdale Properties
List Price
$549,000
Sold Price
$515,000
Premium/Discount to List
-$34,000
-6.19%
Current Estimated Value
$1,176,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$661,605
Avg. Annual Appreciation
6.64%
Original Mortgage
$358,400
Interest Rate
3.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 1998
Sold by
Mauerman Revocable Trust and Barbara K
Bought by
Billington Barbara K and Otto R Mauerman Irrevocable Fa
Source: Public Records

Range of Values:

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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
Winning Wealth Management Llc $515,000 First American Title Company
Billington Barbara K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winning Wealth Mangement Llc $330,000
Closed Winning Wealth Management Llc $358,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2013 02/11/13 Sold $515,000 -6.2% $128,750 / Sq Ft
02/04/2013 02/04/13 Pending -- -- --
11/02/2012 11/02/12 For Sale $549,000 -- $137,250 / 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
2024 $7,084 $621,741 $60,360 $561,381
2023 $6,980 $609,551 $59,177 $550,374
2022 $6,810 $597,600 $58,017 $539,583
2021 $6,406 $585,883 $56,880 $529,003
2020 $6,531 $579,876 $56,297 $523,579
2019 $6,381 $568,507 $55,194 $513,313
2018 $6,074 $557,361 $54,112 $503,249
2017 $5,929 $546,433 $53,051 $493,382
2016 $5,816 $535,719 $52,011 $483,708
2015 $5,737 $527,673 $51,230 $476,443
2014 $5,648 $517,338 $50,227 $467,111
Source: Public Records

Agents Affiliated with this Home

  • Dennis Lilly

    Seller's Agent in 2013

    Dennis Lilly

    BHHS Drysdale

    (209) 345-2801

    2 in this area

    31 Total Sales

    Dennis Lilly
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Map

Source: MetroList

MLS Number: 12065976

MetroList

APN: 112-45-54

California Stanislaus County Modesto 95350 Central Modesto

242 Corson Ave, Modesto, CA

This home is located at 242 Corson Ave, Modesto, CA 95350 since 02 November 2012 and is currently estimated at $1,176,605, approximately $294,151 per square foot. 242 Corson Ave is a home located in Stanislaus County with nearby schools including John Muir Elementary School, La Loma Jr High, and Thomas Downey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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