NOT LISTED FOR SALE

Estimated Value: $613,547 - $640,000

5 Beds
6 Baths
1,100 Sq Ft
$570/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $536,000 $487 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,896/month

70 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Carpet

About This Home

As of November 2021

Calling All Investors!!! GREAT 4 unit INCOME PRODUCING property in Downtown Modesto! Easy freeway access, minutes from all downtown amenities.

Last Agent to Sell the Property

Jennifer Irwin

Real Broker License #02082790 Listed on: 07/10/2021

Real Broker

Co-Listed By

Ricardo Jimenez

HomeSmart PV and Associates License #01791919

Last Buyer's Agent

Alfredo Ruezga

A. Ruezga Realty License #01502445

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,354

Year Built

  • Built in 1945

Lot Details

  • 6,891 Sq Ft Lot
  • Irregular Lot

Home Design

  • Quadruplex
  • Studio
  • Concrete Foundation
  • Raised Foundation
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Free-Standing Gas Oven

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 5 Parking Spaces
  • 5 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 104-028-016-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month
  • Insurance Expense $1,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,354

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Stories: 2
  • Year Built: 1945
  • Levels: Two
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Oven, Varies By Unit
  • Flooring: Carpet, Laminate, Vinyl, Linoleum
  • Price Per Square Foot: 228.38

Exterior Features

  • Construction Materials: Stucco, Frame
  • Disclosures/Documents: Natural Hazard Disclosure Available, Preliminary Title Report, Rental/Lease Agreement(s), Seller Property Questionnaire, Transfer Disclosure Statement
  • Foundation: Concrete, Raised
  • Listing Price: 649900.00
  • Lot Features: Shape Irregular, Curb(s), Sidewalk
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 5.00
  • Parking Features: Off Street, Open, Uncovered
  • Total Parking Spaces: 5.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Electric, Cable Available
  • Cooling: Central, Wall Unit(s), Varies by Unit
  • Heating: Central, Wall Furnace, Varies by Unit
  • Laundry Features: Varies by Unit
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R3
  • Irrigation: Meter on Site, None
  • Lot Size Acres: 0.1582
  • Lot Size Sq Ft: 6891.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas
  • Lease Term: Month To Month

Multi Family

  • Gross Income: 47400
  • Income Includes: Rent Only
  • Insurance Expense: 1200
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 104-028-016-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2021
Closed on
Nov 5, 2021
Sold by
Taylor Bennie W and Abbey Kari P
Bought by
Vazquez Maria Teresa and Vazquez Isidro
Seller's Agent
Jennifer Irwin
Real Broker
Buyer's Agent
Alfredo Ruezga
A. Ruezga Realty
List Price
$649,900
Sold Price
$536,000
Premium/Discount to List
-$113,900
-17.53%
Current Estimated Value
$617,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,785
Avg. Annual Appreciation
2.09%
Original Mortgage
$428,800
Outstanding Balance
$396,480
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$183,131

Purchase Details

Closed on
Jan 8, 2020
Sold by
Hubbard Kevin D and Knight Elizabeth M
Bought by
Taylor Bennie W and Abbey Kari P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2014
Sold by
Singh Baljit
Bought by
Hubbard Kevin D and Knight Elizabeth M

Purchase Details

Closed on
Mar 27, 2012
Sold by
Kaur Harpreet
Bought by
Singh Baljit

Purchase Details

Closed on
Mar 22, 2012
Sold by
Causor Martha and Causor Prisciliano
Bought by
Singh Baljit

Purchase Details

Closed on
May 29, 2007
Sold by
Causor Martha
Bought by
Causor Prisciliano and Causor Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 5, 2005
Sold by
Quinonez Andres and Quinonez Irma
Bought by
Causor Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 1998
Sold by
Sweetser Chaddha Mary Jewell
Bought by
Quinonez Andres and Quinonez Irma

Purchase Details

Closed on
Aug 18, 1997
Sold by
Chaddha Manjit Singh
Bought by
Sweetser Chaddha Mary Jewell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,139
Interest Rate
7.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 1995
Sold by
Funk Alfred R and Funk Linda D
Bought by
Tate R Robert and Tate Linda Kennedy
Source: Public Records

Range of Values:

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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
Vazquez Maria Teresa $536,000 First American Title Company
Taylor Bennie W $375,000 Chicago Title Company
Hubbard Kevin D $170,000 North American Title Co Inc
Singh Baljit -- Old Republic Title Company
Singh Baljit $65,000 Old Republic Title Company
Causor Prisciliano -- Alliance Title Company
Causor Martha $335,000 Alliance Title Company
Causor Martha -- Alliance Title Company
Quinonez Andres $76,575 North American Title Co
Sweetser Chaddha Mary Jewell -- Northwestern Title Co
Sweetser Chaddha Mary Jewell -- Northwestern Title Security
Tate R Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Maria Teresa $428,800
Previous Owner Taylor Bennie W $275,000
Previous Owner Causor Prisciliano $280,000
Previous Owner Causor Martha $268,000
Previous Owner Sweetser Chaddha Mary Jewell $68,139
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2021 11/09/21 Sold $536,000 -17.5% $487 / Sq Ft
09/18/2021 09/18/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $649,900 -- $591 / 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
2024 $6,354 $557,654 $83,232 $474,422
2023 $6,260 $546,720 $81,600 $465,120
2022 $6,108 $536,000 $80,000 $456,000
2021 $4,142 $378,885 $50,518 $328,367
2020 $2,146 $190,545 $16,810 $173,735
2019 $2,097 $186,810 $16,481 $170,329
2018 $1,996 $183,148 $16,158 $166,990
2017 $1,948 $179,558 $15,842 $163,716
2016 $1,911 $176,038 $15,532 $160,506
2015 $1,885 $173,395 $15,299 $158,096
2014 $727 $66,600 $15,369 $51,231
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221082313

MetroList

APN: 104-28-16