NOT LISTED FOR SALE

Estimated Value: $961,000

5 Beds
5 Baths
2,586 Sq Ft
$372/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $540,000 $209 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,034/month

3 Days on Market

Highlights

  • No HOA
  • Community Storage Space
  • 4-minute walk to Graceada Park

About This Home

As of December 2017

Very charming 1926 multi residential of six 1br/1bth and a single family house of 2br/1.5bth. Rents low and some TLC is needed. Roof on front unit not leaking but needs replacement. Please do not disturb tenants. Long term owners.

Last Agent to Sell the Property

Robert Stevens

RE/MAX Executive License #00661140 Listed on: 08/30/2017

RE/MAX Executive

Last Buyer's Agent

Robert Stevens

RE/MAX Executive License #00661140 Listed on: 08/30/2017

RE/MAX Executive

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1926

Lot Details

  • 10,446 Sq Ft Lot

Parking

  • 1 Parking Space Included

Interior Spaces

  • 2-Story Property
  • Free-Standing Electric Range

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 110-003-020-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings

Amenities

  • Community Storage Space

Building Details

  • 7 Leased Units
  • 7 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1926
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Listing Price: 540000.00
  • Roof: Composition,Shake

Garage/Parking

  • Parking Features: 1 Space Per Unit

Utilities

  • Utilities: Cable Connected
  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Condo/Co-op/Association

  • Association Features: Extra Storage
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Multifamily
  • Lot Size Acres: 0.2398
  • Lot Size Sq Ft: 10446

Rental Info

  • Tenant Pays: Electricity
  • Total # Leasable: 7

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 7
  • Number of Month to Month Units: 7
  • Number of Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 110-003-020-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2019
Sold by
Graceada Paseo Llc
Bought by
Spivey Patricia S and Zorn Manfred D
Current Estimated Value
$961,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Outstanding Balance
$814,877
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$146,123

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 22, 2017
Sold by
World Investments No 1 Limited Partnersh
Bought by
Graceada Paseo Llc A Califorina Limited
Seller's Agent
Robert Stevens
RE/MAX Executive
Buyer's Agent
Robert Stevens
RE/MAX Executive
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.45%

Purchase Details

Listed on
Aug 30, 2017
Closed on
Dec 1, 2017
Sold by
Dinelli Daryl L and Dinelli Mary L
Bought by
World Investments #1
Seller's Agent
Robert Stevens
RE/MAX Executive
Buyer's Agent
Robert Stevens
RE/MAX Executive
List Price
$540,000
Sold Price
$540,000
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
Spivey Patricia S $1,541,000 Chicago Title
Graceada Paseo Llc A Califorina Limited $540,000 Chicago Title Co
World Investments #1 -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spivey Patricia S $925,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $540,000 0.0% $209 / Sq Ft
08/31/2017 08/31/17 Pending -- -- --
08/28/2017 08/28/17 For Sale $540,000 -- $209 / 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 $12,171 $1,040,774 $117,127 $923,647
2024 $11,626 $1,020,368 $114,831 $905,537
2023 $11,455 $1,000,362 $112,580 $887,782
2022 $11,177 $980,748 $110,373 $870,375
2021 $10,513 $961,518 $108,209 $853,309
2020 $10,719 $951,660 $107,100 $844,560
2019 $6,182 $550,800 $188,700 $362,100
2018 $5,885 $540,000 $185,000 $355,000
2017 $3,530 $325,370 $91,218 $234,152
2016 $3,463 $318,991 $89,430 $229,561
2015 $3,416 $314,200 $88,087 $226,113
2014 $3,363 $308,046 $86,362 $221,684
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 17055545

MetroList

APN: 110-03-20