NOT LISTED FOR SALE

Estimated Value: $570,000 - $590,430

4 Beds
4 Baths
1,255 Sq Ft
$463/Sq Ft Est. Value

Last Sold May 09, 2023

Last sale price $555,000 $442 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,578/month

2 Days on Market

Highlights

  • No HOA
  • Fenced Yard
  • Double Pane Windows
  • Enclosed Patio or Porch
  • 2 Car Attached Garage
  • Laundry closet

About This Home

As of May 2023

Welcome 409-411 Melrose St. This beautiful duplex has been recently remodeled, freshly painted and centrally located in the Heart of ​Modesto. ​ Each ​spacious unit consists of 1,255 sq' has 2 bedrooms with a master bathroom and full guest bathroom, two car garage, indoor laundry space and patio with yard. Separate electric and gas meters. ​ This property is perfect for both owner and investors, ready to move in or to rent out immediately at market rent​s. ​Tenants or owner users alike, can enjoy the rich culture o​f ​Downtown ​Modesto ​minutes away​. Close to schools, shopping and freeways.

Last Agent to Sell the Property

Patricia Riccardi

HomeSmart PV & Associates License #01390506 Listed on: 03/26/2023

HomeSmart PV & Associates

Last Buyer's Agent

Patricia Riccardi

HomeSmart PV & Associates License #01390506 Listed on: 03/26/2023

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced Yard

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Concrete Foundation
  • Slab Foundation
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Home Security

  • Security System Leased
  • Carbon Monoxide Detectors

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 111-003-050-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month

Security

  • Building Fire Alarm

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Condominiums,House(s)
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1988
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Laminate
  • Price Per Square Foot: 221.12
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Wood
  • Exterior Features: Fenced Yard
  • Foundation: Concrete, Slab
  • Listing Price: 525000.00
  • Lot Features: Shape Regular, Curbs/Gutters, Sidewalk
  • Patio And Porch Features: Covered Patio, Enclosed Patio

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Security System Leased, Fire Alarm
  • Sewer: In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, City
  • Cooling: Ceiling Fan(s), Central
  • Heating: Central
  • Laundry Features: In Each Unit, Laundry Closet, Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: Electricity,Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000.00

Multi Family

  • Income Includes: Other
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2

Tax Info

  • Assessor Parcel Number: 111-003-050-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2023
Closed on
May 2, 2023
Sold by
Francis Brittany
Bought by
Ramirez Ivan and Beltran Gabriela Godinez
Seller's Agent
Patricia Riccardi
HomeSmart PV & Associates
Buyer's Agent
Patricia Riccardi
HomeSmart PV & Associates
List Price
$525,000
Sold Price
$555,000
Premium/Discount to List
$30,000
5.71%
Current Estimated Value
$575,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,561
Avg. Annual Appreciation
1.72%
Original Mortgage
$544,947
Outstanding Balance
$529,296
Interest Rate
6.42%
Mortgage Type
FHA
Estimated Equity
$51,181

Purchase Details

Closed on
Nov 19, 2009
Sold by
Gillum David S and Fritz Geiger Living Trust
Bought by
Brink Jacquelyn R and Francis Brittany

Purchase Details

Closed on
Jun 18, 2007
Sold by
Gillum David S and Fritz Geiger Living Trust
Bought by
Gillum David S and Fritz Geiger Living Trust

Purchase Details

Closed on
Aug 6, 2003
Sold by
Geiger Frederick A
Bought by
Geiger Frederick A and The Fritz Geiger Living Trust
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
Ramirez Ivan $555,000 Cypress Title
Brink Jacquelyn R -- None Available
Gillum David S -- None Available
Geiger Frederick A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramirez Ivan $544,947
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2023 05/09/23 Sold $555,000 +5.7% $442 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/26/2023 03/26/23 For Sale $525,000 -- $418 / 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 $6,753 $577,422 $223,686 $353,736
2024 $6,450 $566,100 $219,300 $346,800
2023 $6,046 $527,972 $227,928 $300,044
2022 $5,819 $517,620 $223,459 $294,161
2021 $4,833 $449,000 $80,000 $369,000
2020 $4,031 $363,500 $71,500 $292,000
2019 $4,080 $363,500 $71,500 $292,000
2018 $3,771 $346,000 $68,000 $278,000
2017 $3,413 $314,500 $62,000 $252,500
2016 $2,108 $194,200 $56,500 $137,700
2015 $1,798 $165,400 $56,500 $108,900
2014 $2,244 $212,500 $56,500 $156,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 223024267

MetroList

APN: 111-03-50