NOT LISTED FOR SALE

425 Corson Ave Modesto, CA 95350

Central Modesto Neighborhood

Estimated Value: $450,106 - $484,000

6 Beds
2 Baths
2,100 Sq Ft
$222/Sq Ft Est. Value

Last Sold November 21, 2013

Last sale price $195,000 $93 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,651/month

49 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of November 2013

Recently rebuilt duplex with 3 bedrooms per unit. Everything has been updated and new in the units. Great investment opportunity.

Last Agent to Sell the Property

Todd Priest

HomeSmart PV & Associates License #01091029 Listed on: 08/27/2013

HomeSmart PV & Associates

Last Buyer's Agent

Fred Von Eichel

Fred Eichel Real Estate License #01108194

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 7,405

Parking

  • Open Parking

Home Design

  • Duplex
  • Composition Roof

Additional Features

  • 1-Story Property
  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 112-002-070-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1952
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 204900.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Open

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 0.1700
  • Lot Size Sq Ft: 7405

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 112-002-070-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2017
Sold by
Lew Derrick A and Lew Anh Phi T
Bought by
Lew Derrick Anthony and Lew Anh Phi Thi
Current Estimated Value
$467,053

Purchase Details

Listed on
Aug 27, 2013
Closed on
Nov 11, 2013
Sold by
Brandt John and Transitional Living Centers Of
Bought by
Lew Derrick A and Lew Anh Phi T
Seller's Agent
Todd Priest
HomeSmart PV & Associates
Buyer's Agent
Fred Von Eichel
Fred Eichel Real Estate
List Price
$204,900
Sold Price
$195,000
Premium/Discount to List
-$9,900
-4.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$146,250
Outstanding Balance
$108,849
Interest Rate
4.18%
Mortgage Type
Commercial
Estimated Equity
$358,204

Purchase Details

Closed on
Sep 3, 2009
Sold by
Federal National Mortgage Association
Bought by
Brandt John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
4.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2008
Sold by
Perez Kathy
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 7, 2007
Sold by
Perez Kathy
Bought by
Perez Kathy and Transitional Living Centers Of

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2007
Sold by
Perez Kenneth
Bought by
Perez Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2000
Sold by
Crisp Judy M A Tr
Bought by
Collett Christopher and Collett Katie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,847
Interest Rate
8.19%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 1997
Sold by
Crisp Judy M A
Bought by
Crisp Judy M A and Judy M A Crisp 1997 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
Lew Derrick Anthony -- None Available
Lew Derrick A $195,000 North American Title Company
Brandt John -- North American Title Company
Brandt John $120,000 Placer Title Company
Federal National Mortgage Association $253,406 Landsafe Title
Perez Kathy -- None Available
Perez Kathy -- North American Title Co
Perez Kathy $300,000 North American Title Co
Collett Christopher $100,000 First American Title Ins Co
Crisp Judy M A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lew Derrick A $146,250
Previous Owner Brandt John $80,500
Previous Owner Perez Kathy $240,000
Previous Owner Perez Kathy $45,000
Previous Owner Collett Christopher $99,847
Closed Collett Christopher $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2013 11/21/13 Sold $195,000 -4.8% $93 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $204,900 -- $98 / 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 $2,795 $239,030 $42,900 $196,130
2024 $2,670 $234,344 $42,059 $192,285
2023 $2,631 $229,750 $41,235 $188,515
2022 $2,567 $225,246 $40,427 $184,819
2021 $2,414 $220,831 $39,635 $181,196
2020 $2,462 $218,568 $39,229 $179,339
2019 $2,405 $214,283 $38,460 $175,823
2018 $2,289 $210,082 $37,706 $172,376
2017 $2,235 $205,964 $36,967 $168,997
2016 $2,192 $201,927 $36,243 $165,684
2015 $2,162 $198,895 $35,699 $163,196
2014 $2,129 $195,000 $35,000 $160,000
Source: Public Records

Agents Affiliated with this Home

  • Todd Priest

    Seller's Agent in 2013

    Todd Priest

    HomeSmart PV & Associates

    (209) 602-6147

    2 in this area

    46 Total Sales

    Todd Priest
    Section Image
  • Fred Von Eichel

    Buyer's Agent in 2013

    Fred Von Eichel

    Fred Eichel Real Estate

    (209) 480-9133

    1 in this area

    24 Total Sales

    Fred Von Eichel
    Section Image
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Map

Source: MetroList

MLS Number: 13050992

MetroList

APN: 112-02-70

California Stanislaus County Modesto 95350 Central Modesto

425 Corson Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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