NOT LISTED FOR SALE

2840 Levon Ave Modesto, CA 95350

Estimated Value: $603,000 - $827,589

9 Beds
5 Baths
4,142 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 01, 2012

Last sale price $260,000 $63 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $4,059/month

106 Days on Market

Highlights

  • Contemporary Architecture
  • Central Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of November 2012

Nice 4-plex in a desirable Modesto neighborhood. All four units currently leased. Good income producer for a savvy investor. Interested buyers must schedule an appointment to view. Please do not bother tenants. Property sold strictly as-is, where is. Buyer to verify individual unit square footage. Seller will replace entire roof at close of escrow with acceptable offer!

Last Agent to Sell the Property

Chris Hancock

HomeSmart PV & Associates License #01477874 Listed on: 05/03/2012

HomeSmart PV & Associates

Co-Listed By

Nereida Estrada

PMZ Real Estate License #01759740

Last Buyer's Agent

Victor Barraza

PMZ Real Estate License #01044484

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.26

Parking

  • 5 Covered Spaces

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Shake Roof

Interior Spaces

  • 2-Story Property
  • Carpet

Additional Features

  • 0.26 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,670
  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 060-034-059-000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Zeigler Estates Subdivision

Building Details

  • 3 Leased Units
  • 1 Vacant Unit
  • 4 Units Leased Month-To-Month
  • Operating Expense $8,343

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1972
  • Architectural Style: Contemporary
  • Levels: 0
  • Stories: 2
  • Subdivision: Zeigler Estates
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Refrigerator
  • Other Equipment: None
  • Flooring: Carpet

Exterior Features

  • Construction Materials: Brick,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts
  • Listing Price: 270000.00
  • Roof: Shake

Garage/Parking

  • Covered Parking Spaces: 5
  • Parking Features: Carport,Street,Varies by Unit

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R4
  • Lot Size Acres: 0.2600
  • Lot Dimensions: 62x188
  • Lot Size Sq Ft: 11326

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total Deposit: 1670
  • Total # Leasable: 4

Multi Family

  • Operating Expense: 8343
  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Number of Vacant Units: 1
  • Units Furnished: None
  • Gross Income Multiplier: 9.200

Tax Info

  • Assessor Parcel Number: 060-034-059-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2012
Closed on
Oct 29, 2012
Sold by
Bernal Pete G and Bernal Diana L
Bought by
Chandran Rangram and Chandran Subhashini
Seller's Agent
Chris Hancock
HomeSmart PV & Associates
Buyer's Agent
Victor Barraza
PMZ Real Estate
List Price
$270,000
Sold Price
$260,000
Premium/Discount to List
-$10,000
-3.7%
Current Estimated Value
$715,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,295
Avg. Annual Appreciation
8.00%
Original Mortgage
$195,000
Outstanding Balance
$33,427
Interest Rate
3.43%
Mortgage Type
Commercial
Estimated Equity
$681,868

Purchase Details

Closed on
Jun 25, 1999
Sold by
Bloemendaal Rick A and Bloemendaal Paul J
Bought by
Bernal Pete and Bernal Diana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,250
Interest Rate
7.51%
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
Chandran Rangram $260,000 Old Republic Title Company
Bernal Pete $195,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandran Rangram $195,000
Previous Owner Bernal Pete $146,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2012 11/01/12 Sold $260,000 -3.7% $63 / Sq Ft
08/15/2012 08/15/12 Pending -- -- --
05/01/2012 05/01/12 For Sale $270,000 -- $65 / 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 $3,744 $320,157 $49,250 $270,907
2024 $3,576 $313,881 $48,285 $265,596
2023 $3,524 $307,728 $47,339 $260,389
2022 $3,438 $301,695 $46,411 $255,284
2021 $3,234 $295,780 $45,501 $250,279
2020 $3,297 $292,748 $45,035 $247,713
2019 $3,221 $287,008 $44,152 $242,856
2018 $3,066 $281,382 $43,287 $238,095
2017 $2,993 $275,866 $42,439 $233,427
2016 $2,936 $270,457 $41,607 $228,850
2015 $2,896 $266,396 $40,983 $225,413
2014 $2,852 $261,179 $40,181 $220,998
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Chris Hancock

    HomeSmart PV & Associates

    Section Image

  • N

    Seller Co-Listing Agent in 2012

    Nereida Estrada

    PMZ Real Estate

  • Victor Barraza

    Buyer's Agent in 2012

    Victor Barraza

    PMZ Real Estate

    (209) 527-2010

    112 Total Sales

    Victor Barraza
    Section Image
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Map

Source: MetroList

MLS Number: 12028495

MetroList

APN: 060-34-59

California Stanislaus County Modesto 95350

2840 Levon Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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