NOT LISTED FOR SALE

Estimated Value: $616,000 - $654,000

8 Beds
4 Baths
3,350 Sq Ft
$190/Sq Ft Est. Value

Last Sold August 22, 2016

Last sale price $354,000 $106 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $3,851/month

48 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • 1-Story Property

About This Home

As of August 2016

Well-maintained four-plex and a great income producer. Located in a great, central Modesto Location.

Last Agent to Sell the Property

Steve Holly

PMZ Real Estate License #01907915 Listed on: 03/17/2016

Co-Listed By

Julie Holly

PMZ Real Estate License #01481340

Last Buyer's Agent

Robert Ortiz

HomeSmart PV & Associates License #01408206

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,996

Year Built

  • Built in 1951

Lot Details

  • 0.28

Home Design

  • Quadruplex
  • Contemporary Architecture

Additional Features

  • 1-Story Property
  • 0.28 Acre Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 119-024-088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,996

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1951
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other
  • Other Equipment: None
  • Flooring: Other

Exterior Features

  • Construction Materials: Other
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,See Remarks
  • Listing Price: 375000.00
  • Roof: Other

Garage/Parking

  • Parking Features: Carport,Street,1 Space Per Unit

Utilities

  • Cooling: Wall Unit(s)
  • Heating: See Remarks

Condo/Co-op/Association

  • Association Features: Other
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.2800
  • Lot Size Sq Ft: 12197

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Gross Income: 30000
  • Income Includes: See Remarks
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 119-024-088

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2016
Closed on
Jul 27, 2016
Sold by
Klm East Investments Llc
Bought by
Alvarado Vicente Gonzalez
Seller's Agent
Steve Holly
PMZ Real Estate
Buyer's Agent
Robert Ortiz
HomeSmart PV & Associates
List Price
$375,000
Sold Price
$354,000
Premium/Discount to List
-$21,000
-5.6%
Current Estimated Value
$630,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,342
Avg. Annual Appreciation
7.08%
Original Mortgage
$235,000
Outstanding Balance
$189,615
Interest Rate
3.41%
Mortgage Type
Commercial
Estimated Equity
$465,145

Purchase Details

Closed on
Jul 21, 2015
Sold by
Miu Kenneth Vai Kun and Miu Lynn Yokelin
Bought by
Klm East Investments Llc

Purchase Details

Listed on
Jun 18, 2014
Closed on
Jul 3, 2014
Sold by
Triplett John V and Triplett Beverly
Bought by
Miu Kenneth Vai Kun and Miu Lynn Yokelin
Seller's Agent
Howard Triplett
Howard Triplett
Buyer's Agent
Steve Holly
PMZ Real Estate
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%

Purchase Details

Closed on
Nov 16, 2011
Sold by
Mcdonald Jean
Bought by
Triplett John V and Triplett Beverly F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,750
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2007
Sold by
Mcdonald Jean
Bought by
Mcdonald Jean

Purchase Details

Closed on
Jan 19, 2007
Sold by
Mcdonald Duncan M and Mcdonald Jean
Bought by
Mcdonald Duncan and Mcdonald Jean
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
Alvarado Vicente Gonzalez $354,000 First American Title Company
Klm East Investments Llc -- None Available
Miu Kenneth Vai Kun $600,000 Chicago Title Company
Triplett John V $249,000 Chicago Title Company
Mcdonald Jean -- None Available
Mcdonald Duncan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Vicente Gonzalez $235,000
Previous Owner Triplett John V $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2016 08/22/16 Sold $354,000 -5.6% $106 / Sq Ft
05/04/2016 05/04/16 Pending -- -- --
03/17/2016 03/17/16 For Sale $375,000 +25.0% $112 / Sq Ft
07/14/2014 07/14/14 Sold $300,000 -4.8% $90 / Sq Ft
06/20/2014 06/20/14 Pending -- -- --
06/17/2014 06/17/14 For Sale $315,000 -- $94 / 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
2024 $4,996 $438,481 $102,401 $336,080
2023 $4,922 $429,885 $100,394 $329,491
2022 $4,803 $421,457 $98,426 $323,031
2021 $4,518 $413,195 $96,497 $316,698
2020 $4,606 $408,959 $95,508 $313,451
2019 $4,500 $400,941 $93,636 $307,305
2018 $4,284 $393,080 $91,800 $301,280
2017 $3,841 $354,000 $90,000 $264,000
2016 $3,306 $304,574 $63,453 $241,121
2015 $3,262 $300,000 $62,500 $237,500
2014 $2,629 $240,787 $61,477 $179,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16015603

MetroList

APN: 119-24-88