NOT LISTED FOR SALE

Estimated Value: $1,019,000

2 Beds
1 Bath
700 Sq Ft
$1,456/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $1,075,000 $1,536 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $6,435/month

15 Days on Market

About This Home

As of January 2022

Incredibly Rare Investment Opportunity! Spacious half-acre corner lot with 6 separate single story buildings and 7 single car detached garages. TWELVE (12) fully rented units in West Modesto! 9 1bed/1bath and 3 2bed/1bath units. Well maintained. Newer roof and windows in some units.

Last Agent to Sell the Property

Michael LeRoy

Weeks Real Estate License #01812005 Listed on: 10/07/2021

Co-Listed By

Debra Cole

Weeks Real Estate License #01474544

Last Buyer's Agent

Beatriz Rhodes

Weeks Real Estate License #01729145

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Lot Details

  • 0.56

Parking

  • 7

Listing and Financial Details

  • Security Deposit $7,632

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

0

Parking

7

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Flats
  • Property Sub Type: 5 or More Units
  • Architectural Style: Bungalow, Cottage, Craftsman
  • Co List Office Mls Id: 01WEEK
  • Directions: H Street to 2nd street, left on Sierra.
  • Professional Management Expense: 7200
  • Building Stories: 1
  • Special Features: None
  • Stories: 1
  • Year Built: 1928

Interior Features

  • Price Per Square Foot: 148.11
  • Flooring: Other
  • Number Of Buildings: 6
  • Stories: 1

Exterior Features

  • Foundation Details: Slab
  • View: Park
  • Construction Type: Plaster, Stucco, Wood
  • Disclosures: Natural Hazard Disclosure Available
  • Lot Features: Corner, Shape Regular, Curbs/Gutters

Garage/Parking

  • Parking Features: Detached, Street, Garage
  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Separate Meters: Electricity,Gas
  • Laundry Features: Varies by Unit, Washer/Dryer Hookups
  • Security: Carbon Mon Detector, Smoke Detector, Varies By Unit
  • Sewer: In & Connected
  • Utilities: Cable Available, Internet Available
  • Water Source: Water District

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Modesto City

Lot Info

  • Lot Size Sq Ft: 24638.00
  • Zoning Description: MULTI

Rental Info

  • Total Deposit: 7632
  • Lease Term: Month To Month
  • Tenant Pays: Cable TV, Electricity, Gas

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 65000
  • Income Includes: Rent Only
  • Insurance Expense: 4000
  • Maintenance Expense: 20000
  • Number Of Units Leased: 12
  • Number of Month to Month Units: 12
  • Number Of Units Total: 12

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Jan 14, 2022
Sold by
M Keith Redenbaugh Llc
Bought by
Rhodes Beatriz and Padilla Oscar G
Seller's Agent
Michael LeRoy
Weeks Real Estate
Buyer's Agent
Beatriz Rhodes
Weeks Real Estate
List Price
$1,200,000
Sold Price
$1,075,000
Premium/Discount to List
-$125,000
-10.42%
Current Estimated Value
$1,019,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,000
Avg. Annual Appreciation
-1.35%
Original Mortgage
$625,000
Outstanding Balance
$576,840
Interest Rate
3.22%
Mortgage Type
Seller Take Back
Estimated Equity
$442,160

Purchase Details

Closed on
Aug 17, 2016
Sold by
Redenbaugh M Keith
Bought by
M Keith Redenbaugh Llc

Purchase Details

Closed on
May 24, 2011
Sold by
Redenbaugh M Keith
Bought by
M Keith Redenbaugh Llc

Purchase Details

Closed on
Aug 10, 2010
Sold by
M Karen Redenbaugh Llc
Bought by
Redenbaugh M Keith

Purchase Details

Closed on
Jan 18, 2007
Sold by
Redenbaugh M Keith
Bought by
M Keith Redenbaugh Llc

Purchase Details

Closed on
Jan 16, 2007
Sold by
Redenbaugh Scott R
Bought by
Scott Redenbaugh Llc

Purchase Details

Closed on
Jan 11, 2007
Sold by
Redenbaugh M Karen
Bought by
M Karen Redenbaugh Llc

Purchase Details

Closed on
Dec 27, 2006
Sold by
Redenbaugh Kathleen and Redenbaugh Family Trust
Bought by
Redenbaugh Scott R and Redenbaugh Keith M
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
Rhodes Beatriz $1,075,000 Chicago Title
Padilla Oscar G -- Chicago Title
Castaneda Maria T -- Chicago Title
M Keith Redenbaugh Llc -- None Available
M Keith Redenbaugh Llc -- Chicago Title Company
M Keith Redenbaugh Llc -- Chicago Title Company
M Keith Redenbaugh Llc $45,000 Chicago Title Company
Redenbaugh M Keith -- None Available
M Keith Redenbaugh Llc -- None Available
Scott Redenbaugh Llc -- None Available
M Karen Redenbaugh Llc -- None Available
Redenbaugh Scott R -- None Available
Redenbaugh Kathleen -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhodes Beatriz $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,075,000 -10.4% $1,536 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,200,000 -- $1,714 / 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 $13,341 $1,140,798 $180,405 $960,393
2024 $12,743 $1,118,430 $176,868 $941,562
2023 $12,556 $1,096,500 $173,400 $923,100
2022 $4,444 $389,928 $69,182 $320,746
2021 $4,180 $382,283 $67,826 $314,457
2020 $4,262 $378,364 $67,131 $311,233
2019 $4,163 $370,946 $65,815 $305,131
2018 $3,963 $363,674 $64,525 $299,149
2017 $3,869 $356,544 $63,260 $293,284
2016 $3,795 $349,554 $62,020 $287,534
2015 $3,743 $344,304 $61,089 $283,215
2014 -- $337,561 $59,893 $277,668
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221129008

MetroList

APN: 102-10-48