NOT LISTED FOR SALE

Estimated Value: $341,000

-- Bed
4 Baths
1,704 Sq Ft
$200/Sq Ft Est. Value

Last Sold February 14, 2017

Last sale price $610,000 $358 Per Sq Ft

Est. 44% decrease in value since last sale

Current estimated payment $2,533/month

94 Days on Market

Highlights

  • 0.53 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of February 2017

16-unit studio

Last Agent to Sell the Property

Edwin Liu

PMZ Real Estate License #01834068 Listed on: 08/01/2016

PMZ Real Estate

Co-Listed By

Patricia Servin

PMZ Real Estate License #01794688

Last Buyer's Agent

Gary Izard

Independent Rl Est Brokers License #01359320

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,990

Year Built

  • Built in 1938

Lot Details

  • 0.53

Additional Features

  • 1-Story Property
  • 0.53 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 104-026-017-000

Community Details

Overview

  • No Home Owners Association
  • 5 Buildings
  • 16 Units

Building Details

  • 16 Leased Units
  • 16 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,990

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1938
  • Architectural Style: Ranch
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: See Remarks

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available
  • Listing Price: 695000.00
  • Roof: See Remarks

Garage/Parking

  • Parking Features: Open,Street

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: See Remarks
  • Heating: See Remarks

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R3
  • Lot Size Acres: 0.5252
  • Lot Dimensions: 117x140x175x84x80
  • Lot Size Sq Ft: 22876

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 16

Multi Family

  • Gross Income: 96000
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 16
  • Number of Month to Month Units: 16
  • Number of Units: 16
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 104-026-017-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2021
Sold by
Daas Group Llc
Bought by
Daas Group Llc
Current Estimated Value
$341,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$685,412
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,115,588

Purchase Details

Listed on
Aug 1, 2016
Closed on
Feb 7, 2017
Sold by
Gritton Preston and Gritton Kathleen J
Bought by
Daas Group Llc
Seller's Agent
Edwin Liu
PMZ Real Estate
Buyer's Agent
Gary Izard
Independent Rl Est Brokers
List Price
$695,000
Sold Price
$610,000
Premium/Discount to List
-$85,000
-12.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.62%
Original Mortgage
$450,375
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2008
Sold by
Gritton Raylen W and Gritton Patricia
Bought by
Gritton Raylen W and Gritton Patricia R

Purchase Details

Closed on
Mar 20, 2006
Sold by
Gritton Preston and Gritton Kathleen J
Bought by
Gritton Preston and Gritton Kathleen J
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
Daas Group Llc -- Stewart Title Of Ca Inc
Daas Group Llc $610,000 Lawyers Title Company
Gritton Raylen W -- None Available
Gritton Preston -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daas Group Llc $750,000
Closed Daas Group Llc $1,000,000
Previous Owner Daas Group Llc $450,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2017 02/14/17 Sold $610,000 -12.2% $358 / Sq Ft
11/03/2016 11/03/16 Pending -- -- --
08/01/2016 08/01/16 For Sale $695,000 -- $408 / 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 $7,990 $701,221 $70,543 $630,678
2023 $7,866 $686,962 $69,160 $617,802
2022 $7,677 $673,620 $67,804 $605,816
2021 $7,222 $660,540 $66,475 $594,065
2020 $7,372 $654,485 $65,794 $588,691
2019 $7,196 $641,143 $64,504 $576,639
2018 $6,852 $628,700 $63,240 $565,460
2017 $3,370 $310,624 $61,662 $248,962
2016 $3,307 $304,661 $60,453 $244,208
2015 $3,264 $300,183 $59,545 $240,638
2014 $3,215 $294,431 $58,379 $236,052
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16050005

MetroList

APN: 104-26-17