NOT LISTED FOR SALE
6 Beds
4 Baths
3,098 Sq Ft
1.36 Acre Lot

Sale Details

Date Sold: December 13, 2019

Last sale price $5,640,000 $1,821 Per Sq Ft

32 Days on Market

Highlights

  • 1.36 Acre Lot
  • No HOA
  • Central Heating and Cooling System

About This Home

As of December 2019

Immaculately maintained 44 unit (34,582 sqft) apartment in the heart of Modesto! Located adjacent to McHenry Village and down the street from medical offices. Significant Cap Ex in past 5 years, including ADA compliant Ramp, new TPO Roofs on buildings and carports, numerous HVAC units, central boiler, full exterior paint, dry rot repair, updated unit interiors, etc.

Last Agent to Sell the Property

Brian Dole

Brian Dole Realty License #01921595 Listed on: 09/12/2019

Co-Listed By

Richard Vande Pol

Vande Pol Realty License #01927041

Last Buyer's Agent

Non-MLS Member

Non-MLS Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 1.36 Acre Lot

Parking

  • Carport

Home Design

  • Flat Roof Shape
  • Raised Foundation

Interior Spaces

  • 2-Story Property
  • Leased Washer and Dryer

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 031-002-001-000

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 44 Units

Building Details

  • Operating Expense $225,000
  • Net Operating Income $300,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

1.36 Acres

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1963
  • Stories: 2
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Range,Free Standing Refrigerator,Gas Water Heater
  • Flooring: Carpet,Laminate,Tile

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Foundation: Raised
  • Listing Price: 6250000.00
  • Roof: Flat

Garage/Parking

  • Parking Features: Carport

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Laundry Features: Washer/Dryer Leased
  • Water Source: Meter on Site,Public

Condo/Co-op/Association

  • Association Features: Extra Storage,Manager's Office,Pool,Separate Laundry Facility
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: P-D
  • Lot Size Acres: 1.3600
  • Lot Size Sq Ft: 59242

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 43

Multi Family

  • Operating Expense: 225000
  • Income Includes: Laundry,Rent Only
  • Number of Units: 44
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 031-002-001-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

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
Sep 12, 2019
Closed on
Dec 11, 2019
Sold by
Bought by
Seller's Agent
Brian Dole
Brian Dole Realty
Buyer's Agent
Non-MLS Member
Non-MLS Office
List Price
$6,250,000
Sold Price
$5,640,000
Premium/Discount to List
-$610,000
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,680,000
Outstanding Balance
$2,321,535
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 21, 2015
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
$1,695,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 20, 2015
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
$1,695,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 11, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$5,640,000 First American Title Company
$2,895,000 First American Title Company
-- First American Title Company
-- First American Title Company
-- First American Title Company
-- None Available
-- None Available
-- None Available
-- --
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 $2,680,000
Previous Owner $1,695,000
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
12/13/2019 12/13/19 Sold $5,640,000 -9.8% $1,821 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
09/12/2019 09/12/19 For Sale $6,250,000 -- $2,017 / Sq Ft
Source: MetroList

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 $72,095 $6,164,882 $388,242 $5,776,640
2024 $68,913 $6,048,189 $380,630 $5,667,559
2023 $67,868 $5,926,853 $373,167 $5,553,686
2022 $66,227 $5,811,327 $365,850 $5,445,477
2021 $62,299 $5,698,067 $358,677 $5,339,390
2020 $63,565 $5,643,500 $355,000 $5,288,500
2019 $34,456 $3,070,054 $191,017 $2,879,037
2018 $32,809 $3,010,544 $187,272 $2,823,272
2017 $32,033 $2,952,200 $183,600 $2,768,600
2016 $31,427 $2,895,000 $180,000 $2,715,000
2015 $16,911 $1,555,374 $293,178 $1,262,196
2014 $16,658 $1,525,691 $287,436 $1,238,255
Source: Public Records

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Map

Source: MetroList

MLS Number: 19063713

MetroList
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