NOT LISTED FOR SALE

2801 Tully Rd Modesto, CA 95350

Estimated Value: $636,000 - $672,163

8 Beds
8 Baths
3,360 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $375,000 $112 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,860/month

160 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property

About This Home

As of June 2016

Four one story units all two bedroom two bath. Indoor laundry in each unit. All have long term tenants, one has been there 25 years. Property needs work however can be a jewel in the rough, some updating, two unit have tile floors throughout and granite counters in kitchen. Property being sold as-is needs work in all the units. Additional parking in the rear carports. Central heat and air inside laundry in each unit.

Last Agent to Sell the Property

Michael Tedesco

Century 21 Select Real Estate License #01348619 Listed on: 11/17/2015

Century 21 Select Real Estate

Last Buyer's Agent

Stephanie Owens

Grand Properties License #01293859

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.28 Acre Lot

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Free-Standing Electric Oven
  • Washer and Dryer Hookup

Parking

  • 3 Open Parking Spaces
  • 1 Parking Space Included
  • 4 Covered Spaces

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 060-034-064-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1979
  • Architectural Style: Ranch
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Oven
  • Flooring: Carpet,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 389000.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 3
  • Covered Parking Spaces: 4
  • Parking Features: Carport,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Connected
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.2775
  • Lot Size Sq Ft: 12088

Rental Info

  • Tenant Pays: Cable TV,Electricity

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 060-034-064-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2020
Sold by
Martin Carlos C and Martin Carlos Luis
Bought by
Martin Carlos Luis
Current Estimated Value
$654,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Outstanding Balance
$234,984
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$419,098

Purchase Details

Listed on
Nov 17, 2015
Closed on
Jun 9, 2016
Sold by
Avakian Vartkes and Avakian Kerrie T
Bought by
Martin Carlos C and Martin Carlos L
Seller's Agent
Michael Tedesco
Century 21 Select Real Estate
Buyer's Agent
Stephanie Owens
Grand Properties
List Price
$480,000
Sold Price
$375,000
Premium/Discount to List
-$105,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.00%
Original Mortgage
$281,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Listed on
Nov 17, 2015
Closed on
Jun 6, 2016
Sold by
Martin Blanca
Bought by
Martin Carlos C
Seller's Agent
Michael Tedesco
Century 21 Select Real Estate
Buyer's Agent
Stephanie Owens
Grand Properties
List Price
$480,000
Sold Price
$375,000
Premium/Discount to List
-$105,000
-21.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2008
Sold by
Avakian Vartkes and Avakian Kerrie T
Bought by
Avakian Vartkes and Avakian Kerrie T

Purchase Details

Closed on
Jun 18, 2008
Sold by
Harrington Perry J and Harrington Sandra L
Bought by
Avakian Vartkes and Avakian Kerrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2006
Sold by
Harrington Sandra L
Bought by
Harrington Perry J and Harrington Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2003
Sold by
Harrington Perry J
Bought by
Harrington Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2001
Sold by
Ma Hain Y and Yao Wen Yao
Bought by
Harrington Perry J and Harrington Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,950
Interest Rate
7.54%
Mortgage Type
Commercial
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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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
Martin Carlos Luis -- Fidelity National Title
Martin Carlos C $375,000 Chicago Title Company
Martin Carlos C -- Chicago Title Company
Avakian Vartkes -- None Available
Avakian Vartkes $350,000 Stewart Title Of California
Harrington Perry J -- Fidelity National Title Co
Harrington Sandra L -- New Century Title Company
Harrington Perry J $200,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Carlos Luis $265,000
Closed Martin Carlos C $281,000
Previous Owner Avakian Vartkes $262,500
Previous Owner Harrington Perry J $450,000
Previous Owner Harrington Sandra L $328,000
Previous Owner Harrington Perry J $179,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2016 06/14/16 Sold $375,000 -21.9% $112 / Sq Ft
04/24/2016 04/24/16 Pending -- -- --
11/16/2015 11/16/15 For Sale $480,000 -- $143 / 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 $5,191 $443,920 $100,620 $343,300
2024 $4,959 $435,217 $98,648 $336,569
2023 $4,886 $426,684 $96,714 $329,970
2022 $4,767 $418,318 $94,818 $323,500
2021 $4,484 $410,116 $92,959 $317,157
2020 $4,572 $405,911 $92,006 $313,905
2019 $4,466 $397,952 $90,202 $307,750
2018 $4,252 $390,150 $88,434 $301,716
2017 $4,150 $382,500 $86,700 $295,800
2016 $4,133 $380,735 $97,902 $282,833
2015 $3,827 $352,000 $62,500 $289,500
2014 $3,439 $315,000 $62,500 $252,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Tedesco

    Seller's Agent in 2016

    Michael Tedesco

    Century 21 Select Real Estate

    (209) 557-2687

    3 Total Sales

    Michael Tedesco
    Section Image
  • Stephanie Owens

    Buyer's Agent in 2016

    Stephanie Owens

    Grand Properties

    (209) 872-7868

    152 Total Sales

    Stephanie Owens
    Section Image
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Map

Source: MetroList

MLS Number: 15073417

MetroList

APN: 060-34-64

California Stanislaus County Modesto 95350

2801 Tully Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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