NOT LISTED FOR SALE

411 Laurel Ave Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $421,000 - $443,397

6 Beds
4 Baths
2,774 Sq Ft
$156/Sq Ft Est. Value

Last Sold June 19, 2018

Last sale price $280,000 $101 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,575/month

73 Days on Market

Highlights

  • 0.79 Acre Lot
  • Community Storage Space
  • 1-Story Property
  • No HOA

About This Home

As of June 2018

Cash flowing fourplex! Great for an investor or individual looking to live in one unit and rent out the other three. Units need some work - lots of potential here.

Last Agent to Sell the Property

Jacob Friedrich

Cosol Commercial Real Estate License #02017662 Listed on: 01/29/2018

Last Buyer's Agent

Rick De La Torre

HomeSmart PV & Associates License #01204605

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.79

Parking

  • 1 Parking Space Included

Home Design

  • Quadruplex
  • Composition Roof

Additional Features

  • 1-Story Property
  • 0.79 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 029-022-013-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Amenities

  • Community Storage Space

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Oral Lease Type

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1920
  • Stories: 1
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Laminate,Varies by Unit

Exterior Features

  • Construction Materials: Frame,Lap Siding
  • Disclosures/Documents: None
  • Listing Price: 319000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Cooling: Window Unit(s),Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Extra Storage
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-3
  • Lot Size Acres: 0.7900
  • Lot Size Sq Ft: 34412

Rental Info

  • Tenant Pays: See Remarks
  • Total # Leasable: 4

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: Oral
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: Varies By Unit

Tax Info

  • Assessor Parcel Number: 029-022-013-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2018
Closed on
Jun 11, 2018
Sold by
X Recovery Llc
Bought by
Gomez Ernest and Gomez Dilcia
Seller's Agent
Jacob Friedrich
Cosol Commercial Real Estate
Buyer's Agent
Rick De La Torre
HomeSmart PV & Associates
List Price
$345,000
Sold Price
$280,000
Premium/Discount to List
-$65,000
-18.84%
Current Estimated Value
$432,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,199
Avg. Annual Appreciation
5.93%
Original Mortgage
$180,000
Outstanding Balance
$155,670
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$276,529

Purchase Details

Closed on
Jan 16, 2018
Sold by
Area X Inc
Bought by
X Recovery Llc

Purchase Details

Closed on
Jun 29, 2016
Sold by
Serrato Rosalia and Gallagher Yessica S Rodriguez
Bought by
Area X Inc

Purchase Details

Closed on
Jan 16, 2007
Sold by
Rodriguez Jose L and Rodriguez Rosalia S
Bought by
Serrato Rosalia and Arrowood Kristin S
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
Gomez Ernest $280,000 First American Title Co
X Recovery Llc $48,500 First American Title Co
Area X Inc $175,000 First American Title Company
Serrato Rosalia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Ernest $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2018 06/19/18 Sold $280,000 -18.8% $101 / Sq Ft
04/12/2018 04/12/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $345,000 -- $124 / 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 $3,726 $318,588 $130,848 $187,740
2024 $3,559 $312,342 $128,283 $184,059
2023 $3,506 $306,218 $125,768 $180,450
2022 $3,421 $300,214 $123,302 $176,912
2021 $3,218 $294,329 $120,885 $173,444
2020 $3,281 $291,312 $119,646 $171,666
2019 $3,205 $285,600 $117,300 $168,300
2018 $1,945 $178,500 $51,000 $127,500
2017 $1,899 $175,000 $50,000 $125,000
2016 $1,207 $111,206 $33,351 $77,855
2015 $1,191 $109,537 $32,851 $76,686
2014 $1,173 $107,392 $32,208 $75,184
Source: Public Records

Agents Affiliated with this Home

  • Jacob Friedrich

    Seller's Agent in 2018

    Jacob Friedrich

    Cosol Commercial Real Estate

    (209) 521-1591

    6 in this area

    16 Total Sales

    Jacob Friedrich
    Section Image

  • R

    Buyer's Agent in 2018

    Rick De La Torre

    HomeSmart PV & Associates

    Section Image
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Map

Source: MetroList

MLS Number: 18005378

MetroList

APN: 029-22-13

California Stanislaus County Modesto 95351 West Modesto

411 Laurel Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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