NOT LISTED FOR SALE

428 E Lodi Ave Lodi, CA 95240

Downtown Lodi Neighborhood

Estimated Value: $350,000 - $507,000

6 Beds
3 Baths
2,750 Sq Ft
$157/Sq Ft Est. Value

Last Sold June 02, 2022

Last sale price $450,000 $164 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,694/month

235 Days on Market

Highlights

  • Traditional Architecture
  • Fenced Yard
  • 1 Car Garage
  • No HOA
  • Tile Flooring
  • Mini Split Air Conditioners

About This Home

As of June 2022

Lots of Potential Business Options! ZONED MULTI USE currently is a TRIPLEX 3 different buildings/Units! Unit 1 2/3 Bedrooms, 1 Bath with a living room and kitchen. Unit 2, 2 Bedrooms 1 bath with living room and kitchen. Unit 3 2 Bedrooms, 1 bath with living room and kitchen. All 3 Units have their own washer and dryer hook ups! Homes/Units can be converted into Businesses, Retail, Restaurant or Office Space. LOTS OF OPTIONS ON THIS PROPERTY because of it's zoning!

Last Agent to Sell the Property

Susie Dunning

KW Central Valley License #01447193 Listed on: 09/24/2021

KW Central Valley

Last Buyer's Agent

John Notman

Notman Real Estate Group License #01407756

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced Yard

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring
  • Laundry in unit

Utilities

  • Mini Split Air Conditioners
  • Window Unit Cooling System
  • Wall Furnace
  • Heating System Uses Natural Gas
  • 220 Volts
  • Natural Gas Connected

Listing and Financial Details

  • Assessor Parcel Number 047-351-09

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Mixed Use,House(s)
  • Property Subtype 1: Triplex
  • Stories: 1
  • Year Built: 1920
  • Accessibility Features: None
  • Architectural Style: Traditional
  • Levels: One
  • Stories: 3
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Basement: None
  • Price Per Square Foot: 228.89

Exterior Features

  • Construction Materials: Frame, Wood
  • Exterior Features: Fenced Yard, Yard Space
  • Foundation: Raised, Slab
  • Listing Price: 579999.00
  • Lot Features: Shape Regular, Curbs/Gutters, Sidewalk
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Street, Garage
  • Total Parking Spaces: 1.00

Utilities

  • Security: None
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected, Electric
  • Cooling: Window Unit(s), Individual
  • Electric: 220 Volts
  • Heating: Wall Furnace, Natural Gas
  • Laundry Features: In Each Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning Description: MULTI, TRIPLEX
  • Irrigation: None
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000.00

Rental Info

  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 3
  • Number of Month to Month Units: 3
  • Number of Units: 3
  • Units Furnished: None
  • Two Bedrooms Occupied: 3

Tax Info

  • Assessor Parcel Number: 047-351-09
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
May 26, 2022
Sold by
Macedo Lupita E and Macedo Tony E
Bought by
Desai Pikesh V and Desai Chinar P
Seller's Agent
Susie Dunning
KW Central Valley
Buyer's Agent
John Notman
Notman Real Estate Group
List Price
$579,999
Sold Price
$450,000
Premium/Discount to List
-$129,999
-22.41%
Current Estimated Value
$431,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,574
Avg. Annual Appreciation
-1.17%
Original Mortgage
$337,500
Outstanding Balance
$320,183
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$111,243

Purchase Details

Closed on
Jun 25, 2004
Sold by
Macedo Lupita and Macedo Tony E
Bought by
Macedo Tony E and Macedo Lupita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,900
Interest Rate
6.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2001
Sold by
Islam Mohammad
Bought by
Macedo Tony and Macedo Lupita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7%

Purchase Details

Closed on
Feb 15, 2001
Sold by
Shafia Abida
Bought by
Islam Mohammad

Purchase Details

Closed on
Dec 18, 2000
Sold by
Malik Javed and Malik Uzma
Bought by
Shafia Abida

Purchase Details

Closed on
Jun 30, 2000
Sold by
Ahsan Mohammed
Bought by
Malik Javed and Malik Uzma

Purchase Details

Closed on
Nov 12, 1999
Sold by
Khan Mamtaz
Bought by
Ahsan Mohammed

Purchase Details

Closed on
Mar 28, 1997
Sold by
Aftab Khan
Bought by
Khan Mantaz
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
Desai Pikesh V $450,000 Chicago Title
Macedo Tony E -- Fidelity Natl Title Ins Co
Macedo Tony $155,000 Fidelity National Title Co
Islam Mohammad $30,000 --
Shafia Abida -- --
Malik Javed $28,000 --
Ahsan Mohammed $28,500 Central Valley Title Company
Ahsan Mohammed -- Central Valley Title Company
Khan Mantaz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desai Pikesh V $337,500
Previous Owner Macedo Tony E $187,900
Previous Owner Macedo Tony $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2022 06/02/22 Sold $450,000 -22.4% $164 / Sq Ft
05/17/2022 05/17/22 Pending -- -- --
03/26/2022 03/26/22 For Sale $579,999 +28.9% $211 / Sq Ft
03/26/2022 03/26/22 Off Market $450,000 -- --
09/24/2021 09/24/21 For Sale $699,000 -- $254 / 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 $5,205 $477,543 $185,711 $291,832
2024 $5,063 $468,180 $182,070 $286,110
2023 $4,997 $459,000 $178,500 $280,500
2022 $2,362 $215,761 $62,639 $153,122
2021 $2,404 $211,531 $61,411 $150,120
2020 $2,342 $209,363 $60,782 $148,581
2019 $2,295 $205,259 $59,591 $145,668
2018 $2,264 $201,235 $58,423 $142,812
2017 $2,214 $197,290 $57,278 $140,012
2016 $2,076 $193,423 $56,155 $137,268
2014 $2,022 $186,788 $54,229 $132,559
Source: Public Records

Agents Affiliated with this Home

  • Susie Dunning

    Seller's Agent in 2022

    Susie Dunning

    KW Central Valley

    (209) 810-3562

    3 in this area

    54 Total Sales

    Susie Dunning
    Section Image

  • J

    Buyer's Agent in 2022

    John Notman

    Notman Real Estate Group

    (209) 639-5955

    1 in this area

    31 Total Sales

    John Notman
    Section Image
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Map

Source: MetroList

MLS Number: 221121853

MetroList

APN: 047-351-09

California San Joaquin County Lodi 95240 Downtown Lodi

428 E Lodi Ave, Lodi, CA

Not Listed for Sale

MultiFamily

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