NOT LISTED FOR SALE

2904 Penny Ln Modesto, CA 95354

La Loma Neighborhood

Estimated Value: $469,000

6 Beds
3 Baths
2,725 Sq Ft
$172/Sq Ft Est. Value

Last Sold April 23, 2014

Last sale price $196,000 $72 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $2,668/month

30 Days on Market

Highlights

  • Contemporary Architecture
  • Covered Patio or Porch
  • 1-Story Property
  • No HOA

About This Home

As of April 2014

Very unique property. 2906 has 4 bedrooms and 2 full bathrooms. 2904 has 2 bedrooms and 1 full bathroom. Both have nice size yards and both have 2 car garages with laundry hookups in the garage. Tile in both kitchens and dining areas. Walking distance to the award winning Capistrano Elementary School. Close to shopping and public transportation. Walking distance to Creekside Municipal Golf Course. Special financing and incentives available. Ask your agent for details.

Last Agent to Sell the Property

Marty Spitulski

West Coast Marketing Group License #01331812 Listed on: 02/04/2014

Last Buyer's Agent

Marty Spitulski

West Coast Marketing Group License #01331812 Listed on: 02/04/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 10,454

Parking

  • 2 Car Garage
  • 1 Parking Space Included

Home Design

  • Duplex
  • Contemporary Architecture

Additional Features

  • 1-Story Property
  • Covered Patio or Porch
  • 10,454 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 033-068-033-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Lincoln Square Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1974
  • Architectural Style: Contemporary
  • Stories: 1
  • Subdivision: Lincoln Square
  • Number of Three Bedroom Units: 1
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Oven,Free Standing Electric Range
  • Other Equipment: None
  • Flooring: Carpet,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available
  • Listing Price: 191000.00
  • Patio And Porch Features: Covered Patio
  • Roof: Composition,Flat

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central,Natural Gas

Condo/Co-op/Association

  • Association Features: Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multi Family
  • Lot Size Acres: 0.2400
  • Lot Size Sq Ft: 10454

Rental Info

  • Tenant Pays: See Remarks
  • Total # Leasable: 2

Multi Family

  • Income Includes: Other
  • Existing Lease Type: See Remarks
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 033-068-033-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2014
Closed on
Apr 14, 2014
Sold by
Fannie Mae
Bought by
Zhu Gui Shuang and Zhao Xi Ping
Seller's Agent
Marty Spitulski
West Coast Marketing Group
Buyer's Agent
Marty Spitulski
West Coast Marketing Group
List Price
$191,000
Sold Price
$196,000
Premium/Discount to List
$5,000
2.62%
Current Estimated Value
$469,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,000
Avg. Annual Appreciation
7.72%
Original Mortgage
$137,200
Outstanding Balance
$41,242
Interest Rate
4.32%
Mortgage Type
Commercial
Estimated Equity
$427,758

Purchase Details

Closed on
Jan 21, 2014
Sold by
Garcia Michele J and Garcia Aurelio
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 21, 2006
Sold by
Garcia Michele J and Garcia Aurelio
Bought by
Garcia Aurelia and Garcia Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 26, 2005
Sold by
Garcia Michele J and Garcia Aurelio
Bought by
Garcia Aurelio and Garcia Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,439
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 6, 2005
Sold by
Garcia Michele J and Garcia Aurelio
Bought by
Garcia Aurelio and Garcia Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
1.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 3, 2004
Sold by
Garcia Aurelio and Garcia Michele
Bought by
Garcia Aurelio and Garcia Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,500
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 30, 1999
Sold by
Sec Va
Bought by
Garcia Aurelio and Garcia Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,850
Interest Rate
7.95%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 12, 1999
Sold by
Norwest Mtg Inc
Bought by
Va

Purchase Details

Closed on
Apr 8, 1999
Sold by
Collins Gary Edward and Collins Tiffany A
Bought by
Norwest Mtg Inc

Purchase Details

Closed on
May 4, 1998
Sold by
Collins Gary Edward and Collins Tiffany A
Bought by
Pacific National Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Zhu Gui Shuang $196,000 Old Republic Title Company
Federal National Mortgage Association $391,043 None Available
Garcia Aurelia -- Fidelity National Title Co
Garcia Aurelio -- Alliance Title Company
Garcia Aurelio -- Alliance Title Company
Garcia Aurelio -- Financial Title Company
Garcia Aurelio $142,500 --
Va -- First American Title Co
Norwest Mtg Inc $120,485 First American Title Co
Pacific National Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhu Gui Shuang $137,200
Previous Owner Garcia Aurelia $388,000
Previous Owner Garcia Aurelio $77,439
Previous Owner Garcia Aurelio $245,000
Previous Owner Garcia Aurelio $191,500
Previous Owner Garcia Aurelio $131,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2014 04/23/14 Sold $196,000 +2.6% $72 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $191,000 -- $70 / 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 $2,597 $240,258 $42,900 $197,358
2024 $2,550 $235,548 $42,059 $193,489
2023 $2,695 $230,931 $41,235 $189,696
2022 $2,532 $226,404 $40,427 $185,977
2021 $2,540 $221,966 $39,635 $182,331
2020 $2,504 $219,691 $39,229 $180,462
2019 $2,458 $215,384 $38,460 $176,924
2018 $2,420 $211,161 $37,706 $173,455
2017 $2,365 $207,021 $36,967 $170,054
2016 $2,318 $202,963 $36,243 $166,720
2015 $2,287 $199,915 $35,699 $164,216
2014 $1,865 $160,478 $50,775 $109,703
Source: Public Records

Agents Affiliated with this Home

  • Marty Spitulski

    Seller's Agent in 2014

    Marty Spitulski

    West Coast Marketing Group

    (209) 988-0621

    6 Total Sales

    Marty Spitulski
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Map

Source: MetroList

MLS Number: 14006682

MetroList

APN: 033-68-33

California Stanislaus County Modesto 95354 La Loma

2904 Penny Ln, Modesto, CA

Not Listed for Sale

MultiFamily

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