NOT LISTED FOR SALE

2805 Tully Rd Modesto, CA 95350

Estimated Value: $690,087 - $707,000

8 Beds
8 Baths
3,360 Sq Ft
$208/Sq Ft Est. Value

Last Sold June 14, 2016

Last sale price $385,000 $115 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $4,103/month

91 Days on Market

Highlights

  • Contemporary Architecture
  • Double Pane Windows
  • 1-Story Property
  • No HOA
  • Central Heating and Cooling System

About This Home

As of June 2016

Modesto Investment opportunity. Great property with 4 single story units. 2bedroom 2bath per unit collecting $700-$750 in rents. All units have central heat and air. Indoor laundry. Rear parking. Located across the street from Davis High School. Don't let this great cash flow property pass.

Last Agent to Sell the Property

Daniel Del Real

PMZ Real Estate License #01423976 Listed on: 02/02/2016

PMZ Real Estate

Co-Listed By

Indalecio Del Real

PMZ Real Estate License #01745071

Last Buyer's Agent

Stephanie Owens

Grand Properties License #01293859

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.26

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Parking

  • 1 Parking Space Included
  • 4 Covered Spaces

Additional Features

  • 0.26 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 060-034-063-000

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: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Gas Oven,Built-In Gas Range,Varies By Unit
  • Other Equipment: None
  • Flooring: Carpet,Tile,Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Listing Price: 394900.00
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 4
  • Parking Features: Carport,Street,1 Space Per Unit

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: See Remarks
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R1
  • Lot Size Acres: 0.2600
  • Lot Size Sq Ft: 11326

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 4
  • Number of Units: 4
  • Units Furnished: Varies By Unit

Tax Info

  • Assessor Parcel Number: 060-034-063-000

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
$698,544

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Outstanding Balance
$243,852
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$454,692

Purchase Details

Listed on
Feb 2, 2016
Closed on
Jun 8, 2016
Sold by
Faircloth Sosima F and Faircloth Royce T
Bought by
Martin Carlos C and Martin Carlos L
Seller's Agent
Daniel Del Real
PMZ Real Estate
Buyer's Agent
Stephanie Owens
Grand Properties
List Price
$399,950
Sold Price
$385,000
Premium/Discount to List
-$14,950
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$288,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 2, 2016
Closed on
May 25, 2016
Sold by
Martin Blanca
Bought by
Martin Carlos C
Seller's Agent
Daniel Del Real
PMZ Real Estate
Buyer's Agent
Stephanie Owens
Grand Properties
List Price
$399,950
Sold Price
$385,000
Premium/Discount to List
-$14,950
-3.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 2010
Sold by
Faircloth Royce T and Faircloth Sosima
Bought by
Faircloth Sosima F and Faircloth Royce T

Purchase Details

Closed on
Sep 1, 1999
Sold by
Johnson Erik S
Bought by
Faircloth Royce T and Faircloth Sosima F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
7.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 1996
Sold by
Johnson Erik S
Bought by
Johnson Erik S and Scott Johnson H

Purchase Details

Closed on
Oct 2, 1995
Sold by
Singh Jagar and Singh Renny
Bought by
Home Svgs Of America
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $385,000 First American Title Company
Martin Carlos C -- First American Title Company
Faircloth Sosima F -- None Available
Faircloth Royce T -- None Available
Faircloth Royce T $184,000 Fidelity National Title Co
Johnson Erik S -- Fidelity National Title Co
Johnson Erik S -- Chicago Title Co
Home Svgs Of America $133,200 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Carlos Luis $275,000
Closed Martin Carlos C $288,000
Previous Owner Faircloth Royce T $147,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2016 06/14/16 Sold $385,000 -3.7% $115 / Sq Ft
05/02/2016 05/02/16 Pending -- -- --
02/01/2016 02/01/16 For Sale $399,950 -- $119 / 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 $5,330 $455,756 $100,620 $355,136
2024 $5,091 $446,821 $98,648 $348,173
2023 $5,016 $438,061 $96,714 $341,347
2022 $4,894 $429,472 $94,818 $334,654
2021 $4,603 $421,052 $92,959 $328,093
2020 $4,694 $416,735 $92,006 $324,729
2019 $4,585 $408,564 $90,202 $318,362
2018 $4,365 $400,554 $88,434 $312,120
2017 $4,261 $392,700 $86,700 $306,000
2016 $2,593 $238,890 $61,019 $177,871
2015 $2,558 $235,303 $60,103 $175,200
2014 $2,519 $230,695 $58,926 $171,769
Source: Public Records

Agents Affiliated with this Home

  • Daniel Del Real

    Seller's Agent in 2016

    Daniel Del Real

    PMZ Real Estate

    (209) 750-7019

    898 Total Sales

    Daniel Del Real
    Section Image
  • Indalecio Del Real

    Seller Co-Listing Agent in 2016

    Indalecio Del Real

    PMZ Real Estate

    (209) 527-2010

    132 Total Sales

    Indalecio Del Real
    Section Image
  • Stephanie Owens

    Buyer's Agent in 2016

    Stephanie Owens

    Grand Properties

    (209) 872-7868

    152 Total Sales

    Stephanie Owens
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 16005744

MetroList

APN: 060-34-63

California Stanislaus County Modesto 95350

2805 Tully Rd, Modesto, CA

Not Listed for Sale

MultiFamily

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.

Nearby Homes