NOT LISTED FOR SALE

2613 Chester Dr Modesto, CA 95350

Modesto Area

Estimated Value: $638,000 - $718,000

8 Beds
4 Baths
3,588 Sq Ft
$191/Sq Ft Est. Value

Sale Details

Date Sold: November 12, 2024

Last sale price $700,000 $195 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,303 / mo

114 Days on Market

Highlights

  • Courtyard
  • Back Yard
  • 3-minute walk to Muncy Park
  • Level Lot

About This Home

As of November 2024

Here's your rare chance to own a stunning 4-plex rental apartment in Modesto. This property is an incredible investment, with all units featuring 2 bedrooms, a spacious living room, a separate dining room, and an open kitchen layout. Located near stores, hospital, many restaurants, and schools, this property has it all. Boasting a solid starting CAP rate with great potential for increased monthly rents with long-term tenants. It offers easy access to Highway 99 and McHenry Avenue. It's close to Vintage Faire Mall, Costco, Target, and Walmart. For an even more exciting opportunity, the neighboring property at 2617 Chester Drive, with an adjoining green courtyard to 2613 Chester Drive, is also available for separate acquisition. Here's a total of 8 rental units that are excellent additions into your real estate investment portfolio.

Last Agent to Sell the Property

Robert Balina

Synergize Realty License #01263881 Listed on: 06/28/2024

Last Buyer's Agent

Sergio Garcia

EXIT Realty Consultants License #02072018

EXIT Realty Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 7,000 Sq Ft Lot
  • Level Lot
  • Back Yard

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,588 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Parking

  • 2 Parking Spaces
  • 8 Carport Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $62,568

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 4 Leased Units
  • Gardener Expense $480
  • Insurance Expense $1,500
  • Utility Expense $5,503
  • Trash Expense $1,728
  • Operating Expense $18,911
  • Gross Income $62,568

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Zoning: R-QUADRUPLEX
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3588
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Exhaust Fan, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 3588
  • Stories: 2
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Courtyard

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, Uncovered Parking
  • Carport Min: 8

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr
  • Gross Rent Multiplier: 11.97
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 480
  • Expenses Total: 18911
  • Expenses Utility: 5503
  • Expense Trash: 1728
  • Income Annual Gross: 62568.00
  • Income Annual Rental: 62568
  • Income Gross Scheduled: 62568
  • Income Includes: Lease
  • Meters: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

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
Jun 28, 2024
Closed on
Nov 5, 2024
Sold by
Bought by
Seller's Agent
Robert Balina
Synergize Realty
Buyer's Agent
Sergio Garcia
EXIT Realty Consultants
List Price
$825,000
Sold Price
$700,000
Premium/Discount to List
-$125,000
-15.15%
Views
80
Current Estimated Value
$684,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,118
Avg. Annual Appreciation
-1.27%
Original Mortgage
$521,250
Interest Rate
0.0608%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2024
Closed on
Nov 2, 2024
Sold by
Bought by
Seller's Agent
Robert Balina
Synergize Realty
Buyer's Agent
Sergio Garcia
EXIT Realty Consultants
List Price
$825,000
Sold Price
$700,000
Premium/Discount to List
-$125,000
-15.15%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$521,250
Interest Rate
0.0608%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 29, 2017
Closed on
Mar 30, 2018
Sold by
Bought by
Seller's Agent
Babu Prasad
Sigma Realtors
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.91%
Original Mortgage
$337,500
Interest Rate
0.044%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2017
Sold by
Bought by

Purchase Details

Closed on
Mar 29, 2012
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
$126,750
Interest Rate
0.0386%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2002
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
$109,000
Interest Rate
0.0605%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 1997
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
$695,000 Wfg National Title Insurance C
-- Wfg National Title Insurance C
$450,000 First American Title Co
-- None Available
-- Servicelink
-- North American Title Ins Co
-- North American Title Ins Co
-- --
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
Open $521,250
Previous Owner $360,000
Previous Owner $337,500
Previous Owner $126,750
Previous Owner $109,000
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 Prior Sale
11/12/2024 11/12/24 Sold $700,000 -6.5% $195 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/16/2024 09/16/24 Price Changed $749,000 -6.3% $209 / Sq Ft
08/23/2024 08/23/24 Price Changed $799,000 -3.2% $223 / Sq Ft
06/28/2024 06/28/24 For Sale $825,000 +83.3% $230 / Sq Ft
04/06/2018 04/06/18 Sold $450,000 0.0% $141 / Sq Ft View Prior Sale
11/17/2017 11/17/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $450,000 -- $141 / Sq Ft
Source: MLSListings

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 $8,012 $695,000 $235,000 $460,000
2024 $5,694 $501,980 $139,438 $362,542
2023 $5,590 $492,138 $136,704 $355,434
2022 $5,438 $482,489 $134,024 $348,465
2021 $5,140 $473,030 $131,397 $341,633
2020 $5,072 $468,180 $130,050 $338,130
2019 $5,011 $459,000 $127,500 $331,500
2018 $1,720 $156,315 $46,885 $109,430
2017 $1,680 $153,251 $45,966 $107,285
2016 $1,635 $150,247 $45,065 $105,182
2015 $1,622 $147,992 $44,389 $103,603
2014 $1,605 $145,094 $43,520 $101,574
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81971380

MLSListings

APN: 060-13-41

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