NOT LISTED FOR SALE

Estimated Value: $331,000 - $454,000

3 Beds
2 Baths
1,646 Sq Ft
$238/Sq Ft Est. Value

Last Sold February 27, 2020

Last sale price $319,950 $194 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,394/month

14 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Granite Countertops
  • Laundry Room
  • Ceiling Fan

About This Home

As of February 2020

Two homes located on one HUGE Lot! First home features 2 bed 1 bath, and second home has 1 bed 1 bath. This property is centrally located in Modesto, with easy access to public transportation. Both homes have been updated throughout the years & are currently rented. The homes feature separate in-home laundry rooms, separate yards, hardwood flooring in each, separate meters, and much more to offer. Seller Financing available- Add this low maintenance property with positive cash flow to your portfolio for 2020! Fantastic investor opportunity!

Last Agent to Sell the Property

Joseph Frederick Jr

Coldwell Banker Realty License #01921814 Listed on: 01/01/2020

Coldwell Banker Realty

Last Buyer's Agent

Natalia Levy

McLean Company Rentals License #02003892

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 1 Car Detached Garage
  • 4 Carport Spaces
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Duplex
  • Raised Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,646 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Security Lights
  • Granite Countertops

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $23,760

Community Details

Overview

  • 1,646 Sq Ft Building

Building Details

  • 2 Leased Units
  • Utility Expense $1,320
  • Operating Expense $2,320
  • Gross Income $24,720

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Parking

1

Listing Details

  • Zoning: MSD
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1646
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Kitchen: Countertop - Granite
  • Living Sq Ft: 1646
  • Stories: 1
  • Security: Security Lights
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Raised
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, On Street, Uncovered Parking
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan, Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Potential Re-Zone
  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Gross Rent Multiplier: 12.94
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expenses Total: 2320
  • Expenses Utility: 1320
  • Income Annual Gross: 24720.00
  • Income Annual Rental: 23760
  • Income Gross Scheduled: 24720
  • Income Includes: Rents
  • Income Other: 960
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2025
Sold by
Elizabeth M Oliveira Living Trust and Oliveira Elizabeth Marie
Bought by
Elizabeth M Oliveira Living Trust and Oliveira
Current Estimated Value
$391,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,638
Outstanding Balance
$67,246
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$324,614

Purchase Details

Closed on
Jun 16, 2021
Sold by
Oliveira Elizabeth Marie and The Elizabeth M Oliveira Livin
Bought by
Oliveira Elizabeth Marie and Elizabeth M Oliveira Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 1, 2020
Closed on
Feb 19, 2020
Sold by
Pimental Terry and Terry Wpimental Separate
Bought by
Oliveira Elizabeth M and Elizabeth M Oliveira Living Tr
Seller's Agent
Joseph Frederick Jr
Coldwell Banker Realty
Buyer's Agent
Natalia Levy
McLean Company Rentals
List Price
$334,000
Sold Price
$319,950
Premium/Discount to List
-$14,050
-4.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$239,899
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2014
Sold by
Pimental Terry
Bought by
Pimental Terry and The Terry W Pimental Separate

Purchase Details

Listed on
May 19, 2013
Closed on
Jun 17, 2013
Sold by
Cavaggion Anthony J and The Anthony J Cavaggion Revoca
Bought by
Pimental Terry
Seller's Agent
Mazhar Khan
LPT Realty, Inc
Buyer's Agent
Mazhar Khan
LPT Realty, Inc
List Price
$140,000
Sold Price
$137,500
Premium/Discount to List
-$2,500
-1.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$82,500
Interest Rate
3.32%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 19, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Cavagglon Anthony J and The Anthony J Cavaggion Revoca

Purchase Details

Closed on
Feb 4, 2010
Sold by
Gonzalez Ismael and Gonzalez Zenaida
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Aug 12, 2005
Sold by
Scofield Enterprises Inc
Bought by
Gonzalez Ismael and Gonzalez Zenaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,400
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
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
Elizabeth M Oliveira Living Trust -- Chicago Title
Oliveira Elizabeth Marie -- Chicago Title Company
Oliveira Elizabeth M $320,000 Old Republic Title Company
Pimental Terry -- None Available
Pimental Terry $137,500 North American Title Company
Cavagglon Anthony J $75,000 North American Title Company
Deutsche Bank National Trust Company $70,133 None Available
Gonzalez Ismael $323,000 Stewart Title Of Modesto
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elizabeth M Oliveira Living Trust $67,638
Previous Owner Oliveira Elizabeth Marie $247,000
Previous Owner Oliveira Elizabeth M $239,899
Previous Owner Pimental Terry $82,500
Previous Owner Gonzalez Ismael $258,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2020 02/27/20 Sold $319,950 0.0% $194 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/12/2020 01/12/20 Price Changed $319,995 -4.2% $194 / Sq Ft
01/01/2020 01/01/20 For Sale $334,000 +142.9% $203 / Sq Ft
06/18/2013 06/18/13 Sold $137,500 -1.8% $84 / Sq Ft View Prior Sale
05/23/2013 05/23/13 Pending -- -- --
05/19/2013 05/19/13 For Sale $140,000 -- $85 / Sq Ft
Source: MLSListings

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 $4,093 $349,963 $109,363 $240,600
2024 $3,909 $343,102 $107,219 $235,883
2023 $3,852 $336,375 $105,117 $231,258
2022 $3,758 $329,780 $103,056 $226,724
2021 $3,535 $323,315 $101,036 $222,279
2020 $1,602 $149,188 $16,888 $132,300
2019 $1,563 $146,263 $16,557 $129,706
2018 $1,486 $143,396 $16,233 $127,163
2017 $1,449 $140,585 $15,915 $124,670
2016 $1,420 $137,829 $15,603 $122,226
2015 $1,400 $135,760 $15,369 $120,391
2014 $1,453 $133,101 $15,068 $118,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81777970

MLSListings

APN: 103-16-04