NOT LISTED FOR SALE

2427 Sylvan Ave Modesto, CA 95355

6 Beds
4 Baths
2,830 Sq Ft
1.75 Acres

Last Sold March 07, 2016

Last sale price $827,000 $292 Per Sq Ft

5 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • 1-Story Property
  • James C. Enochs High School Rated A-
  • Laundry Facilities

About This Home

As of March 2016

A duplex, triplex & fourplex.9 units total 100% rented & remodeled over the years on 1.75 acres. The real value is the 1 acre behind the property zoned for residential in the new approved Tivoli Specific Plan north of Sylvan & east of Oakdale Rd. This property can be developed now & has its own access to Sylvan Rd. Highest & best use may be apartments. Sep water meters and utilities. Currently has $5,748 of income. See attached map, arrow points to property. Alley also to Sylvan w/ utilities.

Last Agent to Sell the Property

Fred Von Eichel

Fred Eichel Real Estate License #01108194 Listed on: 01/11/2016

Last Buyer's Agent

James Harner

RE/MAX Executive License #01462904

RE/MAX Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 1.75

Parking

  • 1 Parking Space Included

Home Design

  • Contemporary Architecture
  • Composition Roof

Utilities

  • Wall Furnace
  • Cable TV Available

Additional Features

  • 1-Story Property
  • 1.75 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 083-004-064-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Additional Features

  • Laundry Facilities
  • 9 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1948
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: None
  • Listing Price: 849000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1+ Space Per Unit

Utilities

  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),Central
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Low to High Density Residential
  • Lot Size Acres: 1.7500
  • Lot Size Sq Ft: 76230

Rental Info

  • Tenant Pays: Electricity
  • Total # Leasable: 9

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: Other
  • Number of Leased Units: 9
  • Number of Units: 9
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 083-004-064-000

MLS Schools

  • School District (County): Stanislaus
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Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2016 03/07/16 Sold $827,000 -2.6% $292 / Sq Ft
01/16/2016 01/16/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $849,000 -- $300 / Sq Ft
Source: MetroList

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 $10,818 $978,993 $213,081 $765,912
2024 $10,623 $959,798 $208,903 $750,895
2023 $10,421 $940,979 $204,807 $736,172
2022 $9,999 $922,530 $200,792 $721,738
2021 $9,825 $904,442 $196,855 $707,587
2020 $9,682 $895,169 $194,837 $700,332
2019 $9,505 $877,617 $191,017 $686,600
2018 $9,319 $860,410 $187,272 $673,138
2017 $9,097 $843,540 $183,600 $659,940
2016 $8,093 $740,000 $62,500 $677,500
2015 $6,739 $616,000 $62,500 $553,500
2014 -- $550,000 $62,500 $487,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16001729

MetroList