NOT LISTED FOR SALE

4200 Milnes Rd Modesto, CA 95355

Village One Neighborhood

Estimated Value: $2,928,519

53.35 Acres
$54,893 Price per Acre
2,323,926 Sq Ft Lot

Last Sold April 12, 2018

Last sale price $1,900,000

Est. 54% increase in value since last sale

Current estimated payment $17,341/month

311 Days on Market

Highlights

  • 53.35 Acre Lot
  • No HOA
  • Agricultural
  • James C. Enochs High School Rated A-

About This Lot

As of April 2018

**2nd Price Reduction, Owners Motivated** +/- 53.35 acre development opportunity located within the Modesto city limits. Current zoning designation is SP-H to assist in the transition from long-term agricultural use to urban development (Current general plan designation is Business Park, possible Mixed-Use designation in proposed updated general plan).

Last Agent to Sell the Property

Richard Rand

Rand Commercial Properties License #00633804 Listed on: 05/06/2017

Last Buyer's Agent

Ashley Burgess

RE/MAX Executive License #01997306

RE/MAX Executive

Property Details

Property Type

  • Land

Lot Details

  • 53.35 Acre Lot
  • Possible uses of the property include See Remarks
  • Property is zoned Specific Plan-Holding Zone, Agricultural/Residential,Commercial,Industrial,Other

Farming

  • Agricultural

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 014-025-015

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Agriculture
  • Primary Residence: Other
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: See Remarks

Exterior Features

  • Other Structures: See Remarks
  • Disclosures/Documents: See Remarks
  • Listing Price: 2934250.00
  • Lot Features: Other
  • Road Frontage: See Remarks
  • Road Surface Type: See Remarks
  • Additional Living Units: No

Utilities

  • Sewer: See Remarks
  • Utilities: See Remarks
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: Specific Plan-Holding Zone
  • Crops: See Remarks
  • Current Use: Agricultural,Row Crops,Other
  • Development Status: See Remarks
  • Zoning Description: Agricultural/Residential,Commercial,Industrial,Other
  • Irrigation: See Remarks
  • Lot Size Acres: 53.3500
  • Lot Size Sq Ft: 2323926
  • Possible Use: See Remarks

Multi Family

  • Income Includes: See Remarks

Tax Info

  • Assessor Parcel Number: 014-025-015
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2017
Closed on
Apr 9, 2018
Sold by
Claus Milnes A General Partnership
Bought by
C T Murphy Parntes Llc
Seller's Agent
Richard Rand
Rand Commercial Properties
Buyer's Agent
Ashley Burgess
RE/MAX Executive
List Price
$4,801,500
Sold Price
$1,900,000
Premium/Discount to List
-$2,901,500
-60.43%
Current Estimated Value
$2,928,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,028,519
Avg. Annual Appreciation
5.76%
Original Mortgage
$1,900,000
Outstanding Balance
$1,650,073
Interest Rate
4.5%
Mortgage Type
Unknown
Estimated Equity
$1,278,446

Purchase Details

Closed on
Jan 6, 1998
Sold by
Lamatis James
Bought by
Claus and Milnes
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
C T Murphy Parntes Llc $1,900,000 First American Title Co
Claus -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open C And T Murphy Panthers Llc $500,000
Open Muphy Partners Llc $1,900,000
Previous Owner Claus & Milnes Pa $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2018 04/12/18 Sold $1,900,000 -60.4% --
03/13/2018 03/13/18 Pending -- -- --
05/06/2017 05/06/17 For Sale $4,801,500 -- --
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 $23,963 $2,168,565 $2,048,091 $120,474
2024 $23,532 $2,126,045 $2,007,933 $118,112
2023 $23,084 $2,084,359 $1,968,562 $115,797
2022 $22,149 $2,043,490 $1,929,963 $113,527
2021 $21,762 $2,003,422 $1,892,121 $111,301
2020 $21,446 $1,982,880 $1,872,720 $110,160
2019 $20,990 $1,938,000 $1,836,000 $102,000
2018 $19,051 $1,759,000 $1,668,000 $91,000
2017 $18,969 $1,759,000 $1,668,000 $91,000
2016 $19,236 $1,759,000 $1,668,000 $91,000
2015 $19,244 $1,759,000 $1,668,000 $91,000
2014 $19,556 $1,759,000 $1,668,000 $91,000
Source: Public Records

Agents Affiliated with this Home

  • Richard Rand

    Seller's Agent in 2018

    Richard Rand

    Rand Commercial Properties

    (209) 604-7524

    8 Total Sales

    Richard Rand
    Section Image
  • Ashley Burgess

    Buyer's Agent in 2018

    Ashley Burgess

    RE/MAX

    (209) 938-8454

    30 Total Sales

    Ashley Burgess
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 17026848

MetroList

APN: 014-25-15

California Stanislaus County Modesto 95355 Village One

4200 Milnes Rd, Modesto, CA

Not Listed for Sale

Lots

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