NOT LISTED FOR SALE

Estimated Value: $568,000 - $722,000

9 Beds
3 Baths
2,550 Sq Ft
$251/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $450,000 $176 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,828/month

15 Days on Market

Highlights

  • City View
  • No HOA
  • Central Heating
  • Contemporary Architecture
  • Enclosed Patio or Porch

About This Home

As of June 2020

Well Maintained Triplex located near HWY 99 with Many Updates! All units are 3bed/1bath with reliable, established tenants. Lower level Unit #3 was completely renovated in Jan. 2017. Newer roof and exterior paint also in Jan. 2017 Each unit has it's own garage. Lower level Unit #3 has indoor access to garage. 3 garage spaces are currently allocated for owner use. All units have their own HVAC. Each unit has a divided and fenced outdoor yard with partial rod iron security gate. Lower level unit has a glass slider for outdoor access. All windows have sunscreens. Incredible Investment Opportunity awaits you on it's own Little Island on ... it's own Little Corner of the World in Modesto!

Last Agent to Sell the Property

Michael Beal

HomeSmart PV & Associates License #02016260 Listed on: 03/13/2020

HomeSmart PV & Associates

Last Buyer's Agent

Pierce Brooker

Piercing Instints License #02073446

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 7,789

Parking

  • 6 Car Garage
  • 1 Parking Space Included

Home Design

  • Triplex
  • Contemporary Architecture
  • Split Level Home
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • City Views
  • Fire and Smoke Detector

Additional Features

  • Enclosed Patio or Porch
  • 7,789 Sq Ft Lot
  • Central Heating

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 103-009-001-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

6

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Triplex
  • Year Built: 1989
  • Architectural Style: Contemporary
  • Levels: MultiSplit
  • Stories: 2
  • Number of Three Bedroom Units: 3
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Electric Water Heater,Free Standing Gas Oven,Microwave
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate,Tile,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Natural Hazard Disclosure Available,Rental/Lease Agmts
  • Foundation: Slab
  • Listing Price: 475000.00
  • Patio And Porch Features: Enclosed Patio
  • Roof: Composition
  • View Description: City

Garage/Parking

  • Garage Spaces: 6
  • Parking Features: Garage,1 Space Per Unit
  • Total Parking Spaces: 10

Utilities

  • Security: Smoke Detector
  • Sewer: Public Sewer
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Patios/Balcony,Separate Laundry Facility,Yard Space,Varies By Unit
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R
  • Lot Size Acres: 0.1788
  • Lot Size Sq Ft: 7789

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Income Includes: Rent Only
  • Number of Units: 3
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 103-009-001-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Apr 7, 2020
Sold by
Ballew Ronald Lawrence and Ballew Constance Violet
Bought by
Chen Jack and Jack Kuanhuar Chen Family Trus
Seller's Agent
Michael Beal
HomeSmart PV & Associates
Buyer's Agent
Pierce Brooker
Piercing Instints
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Current Estimated Value
$638,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,973
Avg. Annual Appreciation
6.49%
Original Mortgage
$337,500
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2016
Sold by
Ballew Ronald and Ballew Constance V
Bought by
Ballew Ronald Lawrence and Ballew Constance Violet
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
Chen Jack $450,000 Placer Title Company
Ballew Ronald Lawrence -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Jack $337,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2020 06/01/20 Sold $450,000 -5.3% $176 / Sq Ft
03/28/2020 03/28/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $475,000 -- $186 / 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 $5,755 $492,136 $60,148 $431,988
2024 $5,497 $482,487 $58,969 $423,518
2023 $5,416 $473,027 $57,813 $415,214
2022 $5,285 $463,753 $56,680 $407,073
2021 $4,971 $454,661 $55,569 $399,092
2020 $3,238 $287,500 $47,000 $240,500
2019 $3,227 $287,500 $47,000 $240,500
2018 $2,986 $274,000 $45,000 $229,000
2017 $2,702 $249,000 $41,000 $208,000
2016 $2,459 $226,500 $37,500 $189,000
2015 $2,055 $189,000 $37,500 $151,500
2014 $1,845 $169,000 $37,500 $131,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 20015858

MetroList

APN: 103-09-01