NOT LISTED FOR SALE

404 Corson Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $568,000

6 Beds
3 Baths
2,700 Sq Ft
$210/Sq Ft Est. Value

Last Sold March 25, 2016

Last sale price $300,000 $111 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $3,319/month

9 Days on Market

Highlights

  • A-Frame Home
  • No HOA
  • 1-Story Property
  • Deck
  • Central Heating

About This Home

As of March 2016

Very Nice Tri-plex. All units are rented with good tenants. All units have been recently updated and have newer Ac compact units. Private back yard area with patio and w/d hookups. Great income opportunity

Last Agent to Sell the Property

Charlie Smith

Altera Real Estate License #01482228 Listed on: 01/17/2016

Last Buyer's Agent

Victor Barraza

PMZ Real Estate License #01044484

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,153

Year Built

  • Built in 1978

Lot Details

  • 9,901

Home Design

  • Triplex
  • A-Frame Home
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector

Parking

  • 1 Parking Space Included
  • 3 Covered Spaces

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Deck
  • 9,901 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 112-007-042-000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,153

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1978
  • Architectural Style: A-Frame
  • Stories: 1
  • Number of Two Bedroom Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Electric Oven,Free Standing Refrigerator
  • Flooring: Carpet,Laminate,Tile

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts
  • Listing Price: 310000.00
  • Patio And Porch Features: Uncovered Deck
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Patios/Balcony,Public Trans Nearby,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: MLT FAM DW
  • Lot Size Acres: 0.2273
  • Lot Size Sq Ft: 9901

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 3

Multi Family

  • Gross Income: 28800
  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 112-007-042-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2017
Sold by
Kobetitsch Anna G
Bought by
Kobetitsch Thomas and Kobetitsch Anna
Current Estimated Value
$568,000

Purchase Details

Listed on
Jan 17, 2016
Closed on
Mar 23, 2016
Sold by
Kobetitsch Thomas William
Bought by
Kobetitsch Anna Guevara
Seller's Agent
Charlie Smith
Altera Real Estate
Buyer's Agent
Victor Barraza
PMZ Real Estate
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%

Purchase Details

Listed on
Jan 17, 2016
Closed on
Mar 22, 2016
Sold by
Borges Frank J
Bought by
Kobetitsch Anna G
Seller's Agent
Charlie Smith
Altera Real Estate
Buyer's Agent
Victor Barraza
PMZ Real Estate
List Price
$310,000
Sold Price
$300,000
Premium/Discount to List
-$10,000
-3.23%

Purchase Details

Closed on
Dec 29, 2008
Sold by
Borges Frank and Borges Frank J
Bought by
Borges Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,513,539
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2008
Sold by
Greenpoint Mortgage Funding Inc
Bought by
Borges Frank

Purchase Details

Closed on
Jan 7, 2008
Sold by
Borges Cathleen
Bought by
Borges Frank

Purchase Details

Closed on
May 31, 2007
Sold by
Pacatcatin Idel F
Bought by
Greenpoint Mortgage Funding Inc

Purchase Details

Closed on
Jun 22, 2005
Sold by
Byal John
Bought by
Pacatcatin Idel F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,400
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2005
Sold by
Pacatcatin Eddie
Bought by
Pacatcatin Idel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,400
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 8, 2005
Sold by
Byal John
Bought by
Byal John C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2004
Sold by
Orphanopoulos Nicholas and Orphanopoulos Family Trust
Bought by
Byal John

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
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2003
Sold by
Orphanopoulos Nicholas M
Bought by
Orphanopoulos Nicholas and Orphanopoulos Family Trust
Source: Public Records

Range of Values:

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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
Kobetitsch Thomas -- None Available
Kobetitsch Anna Guevara -- Old Republic Title Company
Kobetitsch Anna G $600,000 Old Republic Title Company
Borges Frank J -- Placer Title Company
Borges Frank $260,000 Old Republic Title Company
Borges Frank -- Old Republic Title Company
Greenpoint Mortgage Funding Inc $421,984 Accommodation
Pacatcatin Idel F $488,000 Fidelity National Title
Pacatcatin Idel -- Fidelity National Title
Byal John C -- Financial Title Company
Byal John $360,000 Alliance Title Company
Orphanopoulos Nicholas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borges Frank J $2,513,539
Previous Owner Pacatcatin Idel $390,400
Previous Owner Byal John C $315,000
Previous Owner Byal John $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2016 03/25/16 Sold $300,000 -3.2% $111 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
01/17/2016 01/17/16 For Sale $310,000 -- $115 / 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 $4,153 $355,132 $88,781 $266,351
2024 $3,967 $348,170 $87,041 $261,129
2023 $3,909 $341,344 $85,335 $256,009
2022 $3,814 $334,652 $83,662 $250,990
2021 $3,587 $328,091 $82,022 $246,069
2020 $3,658 $324,727 $81,181 $243,546
2019 $3,573 $318,361 $79,590 $238,771
2018 $3,402 $312,120 $78,030 $234,090
2017 $3,320 $306,000 $76,500 $229,500
2016 $3,132 $288,486 $110,956 $177,530
2015 $3,017 $277,500 $56,500 $221,000
2014 $2,702 $247,500 $56,500 $191,000
Source: Public Records

Agents Affiliated with this Home

  • Charlie Smith

    Seller's Agent in 2016

    Charlie Smith

    Altera Real Estate

    (209) 484-0856

    1 in this area

    8 Total Sales

    Charlie Smith
    Section Image
  • Victor Barraza

    Buyer's Agent in 2016

    Victor Barraza

    PMZ Real Estate

    (209) 527-2010

    5 in this area

    119 Total Sales

    Victor Barraza
    Section Image
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Map

Source: MetroList

MLS Number: 16002830

MetroList

APN: 112-07-42

California Stanislaus County Modesto 95350 Central Modesto

404 Corson Ave, Modesto, CA

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