NOT LISTED FOR SALE

512 Roselawn Ave Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $382,000 - $572,923

7 Beds
5 Baths
2,678 Sq Ft
$178/Sq Ft Est. Value

Last Sold September 18, 2015

Last sale price $260,000 $97 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,801/month

149 Days on Market

Highlights

  • A-Frame Home
  • Central Heating
  • 1-Story Property
  • No HOA
  • Laundry Facilities

About This Home

As of September 2015

Three houses on one lot! Live in one and rent two for extra income. Excellent opportunity for the investor looking for positive cash flow. Front home is 3-4/2, 1,278sf; 2nd home is 3/2, 900sf; and 3rd home is 1/1, 500sf and is owner occupied.. Property has excellent tenants. All homes remodeled within the last 6 yrs, including roofs. Central heat and air, laminate and tile flooring. Seller is very motivated.

Last Agent to Sell the Property

Ramona Ochoa

PMZ Real Estate License #01881716 Listed on: 02/14/2015

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 9,268 Sq Ft Lot
  • Lot Dimensions: 51

Home Design

  • Triplex
  • A-Frame Home
  • Composition Roof

Parking

  • 4 Open Parking Spaces
  • 1 Parking Space Included
  • 2 Covered Spaces

Additional Features

  • 1-Story Property
  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity gas water
  • Assessor Parcel Number 037-040-036-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • Oral Lease Type

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1924
  • Architectural Style: A-Frame
  • Stories: 1
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2008

Interior Features

  • Appliances: Electric Cook Top,Gas Cook Top,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Laminate,Tile

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Owner Occupies 1 Unit
  • Listing Price: 265900.00
  • Patio And Porch Features: Covered Patio,Uncovered Patio,Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 2
  • Parking Features: Carport,Street,Varies by Unit,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Utilities: Cable Available,Cable Connected
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Laundry Features: Washer/Dryer Owned

Condo/Co-op/Association

  • Association Features: Extra Storage,Laundry Hook-Up in Units,Separate Laundry Facility,Yard Space,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.2128
  • Lot Dimensions: 51 x 179
  • Lot Size Sq Ft: 9268

Rental Info

  • Tenant Pays: Electricity,Gas,Water
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: Oral
  • Number of Leased Units: 2
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 037-040-036-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2015
Closed on
Sep 9, 2015
Sold by
Salcedo Manuel L
Bought by
Gallo Martin and Gallo Gilma P
Seller's Agent
Ramona Ochoa
PMZ Real Estate
List Price
$294,500
Sold Price
$260,000
Premium/Discount to List
-$34,500
-11.71%
Current Estimated Value
$477,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,462
Avg. Annual Appreciation
6.09%
Original Mortgage
$255,290
Outstanding Balance
$199,412
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$278,050

Purchase Details

Closed on
Jul 12, 2001
Sold by
Aiken Raymond E and Aiken Lujean C
Bought by
Salcedo Manuel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gallo Martin $260,000 Stewart Title Of Ca Inc
Salcedo Manuel L $105,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Martin $255,290
Previous Owner Salcedo Manuel L $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2015 09/18/15 Sold $260,000 -11.7% $97 / Sq Ft
07/10/2015 07/10/15 Pending -- -- --
02/11/2015 02/11/15 For Sale $294,500 -- $110 / 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 $3,599 $307,781 $44,389 $263,392
2024 $3,438 $301,747 $43,519 $258,228
2023 $3,387 $295,831 $42,666 $253,165
2022 $3,305 $290,031 $41,830 $248,201
2021 $3,109 $284,345 $41,010 $243,335
2020 $3,170 $281,430 $40,590 $240,840
2019 $3,097 $275,913 $39,795 $236,118
2018 $2,948 $270,504 $39,015 $231,489
2017 $2,878 $265,200 $38,250 $226,950
2016 $2,822 $260,000 $37,500 $222,500
2015 $1,522 $147,000 $37,500 $109,500
2014 $1,354 $131,000 $37,500 $93,500
Source: Public Records

Agents Affiliated with this Home

  • Ramona Ochoa

    Seller's Agent in 2015

    Ramona Ochoa

    PMZ Real Estate

    (209) 595-7132

    3 in this area

    57 Total Sales

    Ramona Ochoa
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Map

Source: MetroList

MLS Number: 15008391

MetroList

APN: 037-40-36

California Stanislaus County Modesto 95351 West Modesto

512 Roselawn Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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