NOT LISTED FOR SALE

Estimated Value: $473,423 - $578,000

4 Beds
4 Baths
2,120 Sq Ft
$248/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $323,000 $152 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,236/month

9 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to Broadway Park
  • John H. Pitman High School Rated A-
  • Wall Furnace

About This Home

As of September 2018

Attractive 4-plex located in suburban Turlock and close to the central business district. The owner pays the water/sewer/garbage/lawn care. The alley access makes it convenient for tenant access. Please do not disturb the tenants. Offers must be made subject to inspection. Buyers must verify square footage, lot size, school districts, zoning and all information contained herein.

Last Agent to Sell the Property

Ginger Govett

London Properties/Madera License #01361535 Listed on: 06/20/2018

Last Buyer's Agent

Ginger Govett

London Properties/Madera License #01361535 Listed on: 06/20/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,799

Year Built

  • Built in 1925

Lot Details

  • 7,750 Sq Ft Lot
  • No Common Walls

Home Design

  • 2,120 Sq Ft Home
  • Composition Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Additional Features

  • Free-Standing Range
  • Urban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 061011063000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $1,100
  • Water Sewer Expense $947
  • New Taxes Expense $1,671
  • Operating Expense $3,718
  • Gross Income $29,640
  • Net Operating Income $3,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,799

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Water Sewer Expenses: 947.00
  • Zoning: C2
  • Property Type: Residential Income
  • Parcel Number: 061011063000
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 152.36

Exterior Features

  • Pool Private: No
  • Roof: Composition

Utilities

  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7750.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 710 Square Feet
  • Average2 Bed Area: 573 Square Feet
  • Average3 Bed Area: 398 Square Feet
  • Average Studio Area: 206 Square Feet
  • Gross Income: 29640.00
  • Gross Scheduled Income: 29640.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 3718.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Operating Expense: 3718.00
  • Rent Control: No
  • Total Expenses: 3718.00

Tax Info

  • New Taxes Expense: 1671.00
  • Tax Census Tract: 38.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
Mello Craig M and Breton Mello Estelle
Bought by
Mello Craig M and Mello Estelle B
Current Estimated Value
$532,969

Purchase Details

Listed on
Jun 20, 2018
Closed on
Aug 3, 2018
Sold by
Larsen Robert R
Bought by
Mello Craig M and Mello Estella B
Seller's Agent
Ginger Govett
London Properties/Madera
Buyer's Agent
Ginger Govett
London Properties/Madera
List Price
$329,000
Sold Price
$323,000
Premium/Discount to List
-$6,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$219,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2017
Sold by
Knudsen Soren E
Bought by
Knudsen Soren E and Knudsen Sharon G

Purchase Details

Closed on
Feb 8, 2017
Sold by
Ney Adele C
Bought by
Telesmanic Luciano P and Telesmanic Joanne C

Purchase Details

Closed on
Dec 21, 2012
Sold by
Florsheim Robert H
Bought by
Robert Florsheim Family Limited Partners

Purchase Details

Closed on
Aug 18, 2011
Sold by
Smith Charles
Bought by
Larsen Md Robert R and Lee Donald T

Purchase Details

Closed on
Nov 6, 2006
Sold by
Graves Donna J
Bought by
Smith Charles and The Smith Family Irrevocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
6.3%
Mortgage Type
Construction

Purchase Details

Closed on
May 11, 2001
Sold by
Curry Willard D
Bought by
Graves Dennis E and Graves Donna J

Purchase Details

Closed on
Jun 4, 1997
Sold by
Curry Willard D and Curry Dorothy
Bought by
Curry Willard D
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
Mello Craig M -- None Available
Mello Craig M $323,000 Chicago Title Co
Knudsen Soren E -- None Available
Telesmanic Luciano P -- None Available
Robert Florsheim Family Limited Partners -- Old Republic Title Company
Larsen Md Robert R $725,475 None Available
Smith Charles $510,000 Fidelity Natl Title Co Of Ca
Graves Dennis E $99,000 North American Title Co
Curry Willard D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mello Craig M $240,000
Closed Mello Craig M $219,000
Previous Owner Smith Charles $637,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $323,000 0.0% $152 / Sq Ft
09/14/2018 09/14/18 Sold $323,000 -1.8% $171 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/29/2018 06/29/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $329,000 0.0% $155 / Sq Ft
06/04/2018 06/04/18 For Sale $329,000 -- $174 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $3,799 $353,242 $92,957 $260,285
2023 $3,793 $346,317 $91,135 $255,182
2022 $3,746 $339,528 $89,349 $250,179
2021 $3,690 $332,872 $87,598 $245,274
2020 $3,665 $329,460 $86,700 $242,760
2019 $3,604 $323,000 $85,000 $238,000
2018 $1,807 $158,408 $37,559 $120,849
2017 $1,671 $147,013 $32,391 $114,622
2016 $1,561 $144,131 $31,756 $112,375
2015 $1,545 $141,967 $31,279 $110,688
2014 $1,530 $139,187 $30,667 $108,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD18147472

California Regional Multiple Listing Service (CRMLS)

APN: 061-11-63