NOT LISTED FOR SALE

501 Olive Ave Modesto, CA 95350

Aurora Neighborhood

Estimated Value: $483,000 - $523,000

3 Beds
2 Baths
1,555 Sq Ft
$327/Sq Ft Est. Value

Last Sold November 07, 2023

Last sale price $515,000 $331 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,163/month

5 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Landscaped
  • Quartz Countertops
  • Formal Dining Room
  • Central Heating and Cooling System

About This Home

As of November 2023

Major Potential for this Cozy 3 bed 1.5 bath Modesto home is a great location. Spanish style ceiling beams with brick fireplace in living room. Hardwood floors throughout. After some fixin, and TLC, this wonderful home will once again shine like a GEM!

Last Agent to Sell the Property

Bryce Packnit

EXIT Realty Consultants License #01781126 Listed on: 10/17/2023

EXIT Realty Consultants

Last Buyer's Agent

Robert Atkins

RE/MAX Executive License #02036205

RE/MAX Executive

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940 | Remodeled

Lot Details

  • 8,050 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,555 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Quartz Countertops
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 109-003-032-000

Home Details

Home Type

Single Family

Year Built

Built in 1940 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: Yes
  • Stories: 1
  • Year Built: 1940
  • Remodeled/Updated Desc: Bath 0-5YR,Kitchen 0-5YR,Bed 0-5YR,Other-Rmks 0-5YR
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Tile, Wood
  • Total Bathrooms: 2
  • Bathroom Features: Tile,Tub
  • Dining Room Features: Formal Room
  • Kitchen Features: Quartz Counter
  • Living Room Features: Cathedral/Vaulted,View
  • Main Level: Bedroom(s),Living Room,Family Room,Master Bedroom,Full Bath(s),Kitchen
  • Price Per Square Foot: 331.19
  • Square Footage: 1555.00

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 499000.00
  • Lot Features: Curb(s)/Gutter(s), Landscape Front
  • Pool: No
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: See Remarks
  • Driveway/Sidewalks: Sidewalk/Curb/Gutter

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Public, Electric, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central
  • Electric: See Remarks
  • Heating: Central
  • Laundry Features: Hookups Only, See Remarks
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Res
  • Irrigation: Public District, Irrigation Connected
  • Lot Size Acres: 0.1848
  • Lot Size Sq Ft: 8050.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Assessor Parcel Number: 109-003-032-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Nov 6, 2023
Sold by
Bali Navdeep
Bought by
Tsuruda Jessica Y
Seller's Agent
Bryce Packnit
EXIT Realty Consultants
Buyer's Agent
Robert Atkins
RE/MAX Executive
List Price
$499,000
Sold Price
$515,000
Premium/Discount to List
$16,000
3.21%
Views
351
Current Estimated Value
$508,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,161
Avg. Annual Appreciation
-0.56%
Original Mortgage
$329,600
Outstanding Balance
$322,905
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$185,934

Purchase Details

Listed on
Dec 22, 2022
Closed on
Mar 29, 2023
Sold by
Bali Suphla
Bought by
Bali Navdeep
Seller's Agent
Mason M Yanowitz
Real Estate Source Inc.
Buyer's Agent
Mason Yanowitz
List Price
$298,000
Sold Price
$320,000
Premium/Discount to List
$22,000
7.38%
Views
250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
118.16%
Original Mortgage
$300,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 22, 2022
Closed on
Feb 9, 2023
Sold by
Mortgage Equity Conversion Asset Trust
Bought by
Bali Navdeep
Seller's Agent
Mason M Yanowitz
Real Estate Source Inc.
Buyer's Agent
Mason Yanowitz
List Price
$298,000
Sold Price
$320,000
Premium/Discount to List
$22,000
7.38%
Views
250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2023
Sold by
Trustee Corps
Bought by
Mortgage Equity Conversion Asset Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2007
Sold by
Hernandez Sandra J and Moore Sandra J
Bought by
Hernandez Cornelio Q

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
5.99%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
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
Tsuruda Jessica Y $515,000 First American Title
Bali Navdeep -- --
Bali Navdeep $320,000 --
Mortgage Equity Conversion Asset Trust $331,639 First American Title
Hernandez Cornelio Q -- Lenders Choice Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsuruda Jessica Y $329,600
Previous Owner Bali Navdeep $300,000
Previous Owner Hernandez Cornelio Q $517,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/04/2025 02/04/25 Off Market $320,000 -- --
11/07/2023 11/07/23 Sold $515,000 +3.2% $331 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $499,000 +55.9% $321 / Sq Ft
03/31/2023 03/31/23 Sold $320,000 +7.4% $206 / Sq Ft View Prior Sale
12/27/2022 12/27/22 Pending -- -- --
12/22/2022 12/22/22 For Sale $298,000 -- $192 / 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 $6,061 $525,300 $280,500 $244,800
2024 $5,788 $515,000 $275,000 $240,000
2023 $1,850 $168,559 $60,921 $107,638
2022 $1,803 $165,255 $59,727 $105,528
2021 $1,695 $162,015 $58,556 $103,459
2020 $1,727 $160,355 $57,956 $102,399
2019 $1,686 $157,212 $56,820 $100,392
2018 $1,603 $154,130 $55,706 $98,424
2017 $1,564 $151,109 $54,614 $96,495
2016 $1,532 $148,147 $53,544 $94,603
2015 $1,510 $145,922 $52,740 $93,182
2014 $1,486 $143,064 $51,707 $91,357
Source: Public Records

Agents Affiliated with this Home

  • Bryce Packnit

    Seller's Agent in 2023

    Bryce Packnit

    EXIT Realty Consultants

    (209) 678-6224

    1 in this area

    57 Total Sales

    Bryce Packnit
    Section Image

  • M

    Seller's Agent in 2023

    Mason M Yanowitz

    Real Estate Source Inc.

  • Robert Atkins

    Buyer's Agent in 2023

    Robert Atkins

    RE/MAX

    (209) 550-1087

    2 in this area

    32 Total Sales

    Robert Atkins
    Section Image

  • M

    Buyer's Agent in 2023

    Mason Yanowitz

    (510) 798-1061

    1 in this area

    49 Total Sales

    Mason Yanowitz
    Section Image
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Map

Source: MetroList

MLS Number: 223101364

MetroList

APN: 109-03-32

California Stanislaus County Modesto 95350 Aurora

501 Olive Ave, Modesto, CA

Not Listed for Sale

Detached

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