NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
1.74 Acre Lot

Sale Details

Date Sold: March 29, 2022

Last sale price $1,600,000 $0 Per Sq Ft

37 Days on Market

Highlights

  • 1.74 Acre Lot
  • 28 Car Attached Garage
  • 1-Story Property
  • No HOA
  • Laundry Facilities

About This Home

As of March 2022

The Central Valley Investment Team is proud to present the Modesto Mobile Home Park located at 2606 Topeka St in Riverbank, California. The Modesto Mobile Home Park is just one of four mobile home parks in the City of Riverbank. The property is situated on nearly an acre of land and located adjacent to the family-friendly Parkridge-Riverheights neighborhood. Within half a mile there are multiple national retailers including Starbucks, Burger King, Cool Hand Luke's Steakhouse and Galaxy Theatres. The property features a 1,497 square foot 3-bedroom house along with 27 mobile home spaces, 18 of which are park-owned homes. The property also features a 600 square foot building which can be utilized as a laundry facility to generate additional income. Investors will find multiple opportunities to add value including rent increases, utility bill backs, implementing laundry services, and potentially a lot line adjustment to sell the house separately.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 11/16/2021

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 1.74

Parking

  • 28 Car Attached Garage

Home Design

  • Raised Foundation
  • Frame Construction
  • Stucco

Additional Features

  • 1-Story Property
  • 1.74 Acre Lot
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 075-004-051

Community Details

Overview

  • No Home Owners Association
  • 20 Buildings
  • 28 Units

Amenities

  • Laundry Facilities

Building Details

  • 27 Leased Units
  • 1 Vacant Unit
  • 27 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

1.74 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1924
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other

Exterior Features

  • Construction Materials: Stucco, Frame
  • Foundation: Raised
  • Listing Price: 1800000.00
  • Lot Features: Curbs/Gutters

Garage/Parking

  • Parking Features: Attached
  • Total Parking Spaces: 28.00

Utilities

  • Security: None
  • Sewer: In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, City
  • Cooling: Other
  • Heating: Other
  • Laundry Features: In Common Area, Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Riverbank Unified

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 1.7400
  • Lot Size Sq Ft: 75794.00

Rental Info

  • Total # Leasable: 28

Multi Family

  • Income Includes: Rent Only,Other
  • Number of Leased Units: 27
  • Number of Month to Month Units: 27
  • Number of Units: 28
  • Number of Vacant Units: 1

Tax Info

  • Assessor Parcel Number: 075-004-051
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2021
Closed on
Mar 24, 2022
Sold by
Bought by
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$2,000,000
Sold Price
$1,600,000
Premium/Discount to List
-$400,000
-20%

Purchase Details

Closed on
Jul 21, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2007
Sold by
Bought by

Purchase Details

Closed on
Sep 28, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.63%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 28, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$671,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 16, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.4%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in River Cove, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,600,000 Chicago Title
$1,100,000 Chicago Title Company
-- None Available
$1,500,000 Fidelity National Title
-- First American Title Co
$1,075,000 First American Title Co
$825,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $750,000
Previous Owner $500,000
Previous Owner $671,000
Previous Owner $2,500,000
Previous Owner $340,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/29/2022 03/29/22 Sold $1,600,000 -20.0% --
12/23/2021 12/23/21 Pending -- -- --
11/16/2021 11/16/21 For Sale $2,000,000 -- --
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,667 $804,394 $320,484 $483,910
2024 $12,448 $788,622 $314,200 $474,422
2023 $11,523 $773,160 $308,040 $465,120
2022 $8,517 $523,770 $192,270 $331,500
2021 $8,474 $513,500 $188,500 $325,000
2020 $6,512 $345,000 $138,000 $207,000
2019 $6,458 $345,000 $138,000 $207,000
2018 $6,391 $345,000 $138,000 $207,000
2017 $6,524 $345,000 $138,000 $207,000
2016 $6,423 $345,000 $138,000 $207,000
2015 $5,907 $300,000 $120,000 $180,000
2014 -- $300,000 $120,000 $180,000
Source: Public Records

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Map

Source: MetroList

MLS Number: 221145285

MetroList
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