NOT LISTED FOR SALE

418 N Broadway Turlock, CA 95380

Downtown Turlock Neighborhood

Estimated Value: $510,564 - $681,000

6 Beds
3 Baths
2,672 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $295,000 $110 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $3,595/month

89 Days on Market

Highlights

  • Post and Beam
  • Forced Air Heating and Cooling System
  • 1-minute walk to Broadway Park
  • John H. Pitman High School Rated A-
  • 1-Story Property

About This Home

As of September 2016

Great investment! This triplex consist of a SFR with a duplex. Located downtown, walking distance from parks, shopping, dining, day and nightlife. Less than 10 minutes to the college, California State University Stanislaus. Long term tenants. Each unit consist of 2/1 with Monthly Rent Income of $2,420 and Gross Annual Income of $$29,040. Do the math! Gross Rent Multiplier of 10.8. Please do not disturb tenants. Thank you!

Last Agent to Sell the Property

Saul Gonzalez

The Real Estate Center License #01405036 Listed on: 05/31/2016

Last Buyer's Agent

Humberto Felix

Intero Real Estate Services License #01397259

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,610

Year Built

  • 1940

Lot Details

  • 7,884

Parking

  • 2 Car Garage
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Triplex
  • Post and Beam
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,672 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,884 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $29,040

Community Details

Overview

  • 2,672 Sq Ft Building

Building Details

  • 3 Leased Units
  • Utility Expense $200
  • Operating Expense $200
  • Gross Income $29,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,610

Year Built

1940

Lot Details

0

Parking

2

Listing Details

  • Zoning: C2
  • Subclass: Triplex
  • Age: 76
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2672
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 2672
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab, Post And Beam
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, On Street, Uncovered Parking

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Turlock Unified

Lot Info

  • Lot Acres: 0.1810
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7893.07
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7893.07

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.85
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 200
  • Expenses Utility: 200
  • Income Annual Gross: 29040.00
  • Income Annual Rental: 29040
  • Income Gross Scheduled: 29040
  • Income Includes: Rents
  • Meters: Separate Other
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Utilities - Water
  • Tenant Expenses: Services - Sewer, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Sep 1, 2016
Sold by
Rivera Irma R
Bought by
Rivera Martin Juan
Seller's Agent
Saul Gonzalez
The Real Estate Center
Buyer's Agent
Humberto Felix
Intero Real Estate Services
List Price
$315,000
Sold Price
$295,000
Premium/Discount to List
-$20,000
-6.35%
Current Estimated Value
$601,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,481
Avg. Annual Appreciation
8.03%
Original Mortgage
$213,750
Outstanding Balance
$173,297
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$414,458

Purchase Details

Closed on
Jun 9, 2012
Sold by
Cortes Raul C
Bought by
Cortes Raul C and Cortes Cynthia K

Purchase Details

Closed on
Sep 4, 2001
Sold by
Gutierrez Nick
Bought by
Cortes Raul C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
7%
Mortgage Type
Commercial
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
Rivera Martin Juan -- Old Republic Title Company
Rivera Martin Juan $295,000 Old Republic Title Company
Cortes Raul C -- None Available
Cortes Raul C $185,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Martin Juan $213,750
Previous Owner Cortes Raul C $117,000
Previous Owner Cortes Raul C $131,250
Previous Owner Gutierrez Nick $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $295,000 -6.3% $110 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $315,000 -- $118 / Sq Ft
Source: MLSListings

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 $3,610 $335,653 $56,889 $278,764
2023 $3,605 $329,073 $55,774 $273,299
2022 $3,560 $322,622 $54,681 $267,941
2021 $3,507 $316,297 $53,609 $262,688
2020 $3,483 $313,055 $53,060 $259,995
2019 $3,425 $306,918 $52,020 $254,898
2018 $3,422 $300,900 $51,000 $249,900
2017 $3,342 $295,000 $50,000 $245,000
2016 $2,359 $218,378 $49,289 $169,089
2015 $2,055 $189,000 $44,000 $145,000
2014 -- $169,000 $44,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Saul Gonzalez

    Seller's Agent in 2016

    Saul Gonzalez

    The Real Estate Center

    (408) 821-0910

    34 Total Sales

    Section Image

  • H

    Buyer's Agent in 2016

    Humberto Felix

    Intero Real Estate Services

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Map

Source: MLSListings

MLS Number: ML81588184

MLSListings

APN: 061-11-38

California Stanislaus County Turlock 95380 Downtown Turlock

418 N Broadway, Turlock, CA

This home is located at 418 N Broadway, Turlock, CA 95380 since 31 May 2016 and is currently estimated at $595,782, approximately $222 per square foot. This property was built in 1940. 418 N Broadway is a home located in Stanislaus County with nearby schools including Crowell Elementary School, Marvin A. Dutcher Middle School, and Turlock Junior High School.

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