Seller's Agent in 2016
Richard Rand
Rand Commercial Properties
(209) 604-7524
1 in this area
10 Total Sales
Estimated Value: $675,000
4
Beds
4
Baths
2,800
Sq Ft
$241/Sq Ft
Est. Value
Highlights
- No HOA
- Patio
- 1-Story Property
- Cottage
About This Home
As of February 2016Great 5 unit property in the heart of Modesto, 1 duplex & 3 stand alone bungalows. Large units (approx. 700 SF each) all 1 bed, 1 bath. Huge cash flow, 10% plus CAP rate on pro-forma. Easy to lease, easy to manage.
Last Agent to Sell the Property
Rand Commercial Properties License #00633804 Listed on: 10/14/2015
Last Buyer's Agent
Gary Izard
Independent Rl Est Brokers License #01359320
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,698
Year Built
- Built in 1919
Lot Details
- 10,500
Parking
- On-Street Parking
Home Design
- Cottage
- Composition Roof
Additional Features
- 1-Story Property
- Patio
- 10,500 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 104-019-001
Community Details
Overview
- No Home Owners Association
- 4 Buildings
- 5 Units
Building Details
- 5 Units Leased Month-To-Month
- Operating Expense $13,319
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 23, 2018
Sold by
Narang Anju and Narang Amarpal
Bought by
Meessa Eneterpiesrs Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$305,198
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$307,802
Purchase Details
Listed on
Oct 14, 2015
Closed on
Jan 29, 2016
Sold by
Gmrand Llc
Bought by
Narang Anju and Narang Amarpal
Seller's Agent
Richard Rand
Rand Commercial Properties
Buyer's Agent
Gary Izard
Independent Rl Est Brokers
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$210,000
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Listed on
Apr 18, 2013
Closed on
May 16, 2013
Sold by
Tittle John and The Michael D Tittle Trust
Bought by
Gmrand Llc
Seller's Agent
Tracy Williams-Weatheral
Grand Properties
Buyer's Agent
Tracy Williams-Weatheral
Grand Properties
List Price
$149,000
Sold Price
$117,000
Premium/Discount to List
-$32,000
-21.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.39%
Purchase Details
Closed on
Mar 20, 2002
Sold by
Tittle Properties Iii
Bought by
Tittle Michael Deloach
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Meessa Eneterpiesrs Inc | $500,000 | Stewart Title Of California | |
| Narang Anju | $285,000 | Pacific Coast Title Company | |
| Gmrand Llc | $117,000 | Chicago Title Company | |
| Tittle John | -- | Chicago Title Company | |
| Tittle Michael Deloach | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Meessa Eneterpiesrs Inc | $350,000 | |
| Previous Owner | Narang Anju | $210,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/17/2016 02/17/16 | Sold | $285,000 | -3.4% | $102 / Sq Ft |
| 10/30/2015 10/30/15 | Pending | -- | -- | -- |
| 10/12/2015 10/12/15 | For Sale | $295,000 | +152.1% | $105 / Sq Ft |
| 05/24/2013 05/24/13 | Sold | $117,000 | -21.5% | $42 / Sq Ft |
| 04/26/2013 04/26/13 | Pending | -- | -- | -- |
| 04/18/2013 04/18/13 | For Sale | $149,000 | -- | $54 / Sq Ft |
Source: MetroList
Tax History Compared to Growth
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 | $6,698 | $587,826 | $176,868 | $410,958 |
| 2023 | $6,599 | $576,300 | $173,400 | $402,900 |
| 2022 | $5,193 | $455,684 | $134,024 | $321,660 |
| 2021 | $4,884 | $446,750 | $131,397 | $315,353 |
| 2020 | $4,980 | $442,170 | $130,050 | $312,120 |
| 2019 | $4,865 | $433,500 | $127,500 | $306,000 |
| 2018 | $3,231 | $296,513 | $125,888 | $170,625 |
| 2017 | $3,154 | $290,700 | $123,420 | $167,280 |
| 2016 | $1,321 | $121,704 | $26,004 | $95,700 |
| 2015 | $1,303 | $119,877 | $25,614 | $94,263 |
| 2014 | $1,283 | $117,530 | $25,113 | $92,417 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Rand
-
Gary Izard
Buyer's Agent in 2016
Gary Izard
Independent Rl Est Brokers
(925) 309-9144
23 Total Sales
-
Tracy Williams-Weatheral
Seller's Agent in 2013
Tracy Williams-Weatheral
Grand Properties
(209) 840-0025
61 Total Sales
Map
Source: MetroList
MLS Number: 15066808
APN: 104-19-01
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