NOT LISTED FOR SALE

Estimated Value: $370,000

6 Beds
5 Baths
2,786 Sq Ft
$133/Sq Ft Est. Value

Last Sold June 27, 2014

Last sale price $112,400 $40 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $2,076/month

28 Days on Market

About This Home

As of June 2014

This is a fantastic opportunity to own 4 income producing units located on a good sized lot. Property is priced to sell and reflects the current condition. All units require repairs don't let this opportunity pass you by.

Last Agent to Sell the Property

Greg Fusi

HomeSmart PV & Associates License #00622021 Listed on: 05/09/2014

HomeSmart PV & Associates

Last Buyer's Agent

RUBEN CANDELARIO

Matel REALTORS License #01421968

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions: 62

Parking

  • 4 Open Parking Spaces

Home Design

  • Quadruplex
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1-Story Property

Utilities

  • No Cooling
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 102-010-011

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units
  • Modesto Subdivision

Building Details

  • 4 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 1928
  • Stories: 1
  • Subdivision: Modesto
  • Number of Three Bedroom Units: 1
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Carpet,Concrete,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available,Pest Certification Available
  • Listing Price: 114900.00
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Open

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: None
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R2
  • Lot Size Acres: 0.1900
  • Lot Dimensions: 62 ft frontage
  • Lot Size Sq Ft: 8276

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Units: 4
  • Number of Vacant Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 102-010-011

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2014
Closed on
Jun 11, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Methven David Todd
Seller's Agent
Greg Fusi
HomeSmart PV & Associates
Buyer's Agent
RUBEN CANDELARIO
Matel REALTORS
List Price
$114,900
Sold Price
$112,400
Premium/Discount to List
-$2,500
-2.18%
Current Estimated Value
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,600
Avg. Annual Appreciation
10.91%

Purchase Details

Listed on
May 9, 2014
Closed on
May 19, 2014
Sold by
Ocwen Loan Servicing Llc
Bought by
Federal Home Loan Mortgage Corporation
Seller's Agent
Greg Fusi
HomeSmart PV & Associates
Buyer's Agent
RUBEN CANDELARIO
Matel REALTORS
List Price
$114,900
Sold Price
$112,400
Premium/Discount to List
-$2,500
-2.18%

Purchase Details

Closed on
Jan 13, 2014
Sold by
Reynolds Ron and Reynolds Jeanine
Bought by
Ocwen Loan Servicing Llc

Purchase Details

Closed on
May 9, 2008
Sold by
Reynolds Ron and Reynolds Jeanine
Bought by
Reynolds Brandon
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
Methven David Todd $115,000 Ticor Title Company
Federal Home Loan Mortgage Corporation $160,000 None Available
Ocwen Loan Servicing Llc $160,000 None Available
Reynolds Brandon -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2014 06/27/14 Sold $112,400 -2.2% $40 / Sq Ft
06/05/2014 06/05/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $114,900 -- $41 / 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 $1,648 $140,965 $36,771 $104,194
2024 $1,575 $138,201 $36,050 $102,151
2023 $1,551 $135,493 $35,344 $100,149
2022 $1,514 $132,837 $34,651 $98,186
2021 $1,424 $130,233 $33,972 $96,261
2020 $1,452 $128,898 $33,624 $95,274
2019 $1,418 $126,371 $32,965 $93,406
2018 $1,350 $123,894 $32,319 $91,575
2017 $1,318 $121,466 $31,686 $89,780
2016 $1,293 $119,085 $31,065 $88,020
2015 $1,275 $117,297 $30,599 $86,698
2014 $1,571 $143,866 $27,401 $116,465
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 14028301

MetroList

APN: 102-10-11