NOT LISTED FOR SALE

Estimated Value: $372,000 - $388,049

3 Beds
2 Baths
846 Sq Ft
$449/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $345,000 $408 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,348/month

28 Days on Market

About This Home

As of October 2021

Calling All Investors!!! Great opportunity to own an income-producing property in Modesto. 2 homes on one lot located in central Modesto. Easy freeway access, minutes from all downtown amenities.

Last Agent to Sell the Property

Seth Choate

PMZ Real Estate License #01941015 Listed on: 08/26/2021

PMZ Real Estate

Last Buyer's Agent

Ryan Lam

Real Broker License #02079085

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • 1925

Lot Details

  • 6,970

Home Design

  • House

Home Details

Home Type

Single Family

Year Built

1925

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: House(s)
  • Property Sub Type: Other
  • CapRate: 3.25
  • Directions: North 99, exit Tuolumne Blvd, rt on Tuolumne, rt on Roselawn Ave., rt on G St., rt on 2nd.
  • Professional Management Expense: 880
  • Building Stories: 1
  • Special Features: None
  • Stories: 1
  • Year Built: 1925

Interior Features

  • Price Per Square Foot: 242.62
  • Flooring: Other
  • Number Of Buildings: 2
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Foundation Details: Raised
  • Construction Type: Wood
  • Lot Features: Shape Regular, Curbs/Gutters

Garage/Parking

  • Parking Features: Other
  • Total Parking Spaces: 1

Utilities

  • Cooling: Central, Wall Unit(s), Window Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: Other
  • Security: Smoke Detector
  • Sewer: Other
  • Utilities: City
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Modesto City

Lot Info

  • Lot Size Sq Ft: 7000
  • Zoning Description: R-2

Rental Info

  • Total # Leasable: 2
  • Tenant Pays: Electricity, Gas

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 12600
  • Income Includes: Rent Only
  • Property Net Operating Income: 11700
  • Number of Month to Month Units: 1
  • Number Of Units Total: 2
  • Number Of Units Vacant: 1

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Oct 21, 2021
Sold by
Rgm Real Estate Investments Inc
Bought by
Foketi Ruth Mafileo
Seller's Agent
Seth Choate
PMZ Real Estate
Buyer's Agent
Ryan Lam
Real Broker
List Price
$360,000
Sold Price
$345,000
Premium/Discount to List
-$15,000
-4.17%
Current Estimated Value
$380,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,025
Avg. Annual Appreciation
2.35%
Original Mortgage
$338,751
Outstanding Balance
$310,913
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$69,112

Purchase Details

Listed on
Jan 25, 2015
Closed on
Mar 29, 2015
Sold by
Bondi Joseph A
Bought by
Rgm Real Estate Investments Inc
Seller's Agent
Juan Gutierrez
PMZ Real Estate
Buyer's Agent
Juan Gutierrez
PMZ Real Estate
List Price
$139,500
Sold Price
$115,000
Premium/Discount to List
-$24,500
-17.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.51%
Original Mortgage
$100,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2015
Closed on
Mar 25, 2015
Sold by
Bondi Joseph A and The Joseph A Bondi Trust
Bought by
Bondi Joseph A
Seller's Agent
Juan Gutierrez
PMZ Real Estate
Buyer's Agent
Juan Gutierrez
PMZ Real Estate
List Price
$139,500
Sold Price
$115,000
Premium/Discount to List
-$24,500
-17.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2005
Sold by
Bondi Joseph A
Bought by
Bondi Joseph A and The Joseph A Bondi Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 21, 2003
Sold by
Bondi Joseph A
Bought by
Bondi Joseph A and The Joseph A Bondi Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 2003
Sold by
Cross Cara L and The Florence Baumann Cordova T
Bought by
Bondi Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2000
Sold by
Schweitzer Larry
Bought by
Baumann Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,762
Interest Rate
8.34%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 1998
Sold by
California Federal Bank Fsb
Bought by
Schweitzer Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
7.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 1997
Sold by
Smith Charles B and Smith Charlene M
Bought by
California Federal Bank Fsb
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
Foketi Ruth Mafileo $345,000 Cypress Title Corporation
Rgm Real Estate Investments Inc $115,000 Chicago Title Company
Bondi Joseph A -- Chicago Title Company
Bondi Joseph A -- North American Title Ins Co
Bondi Joseph A -- North American Title Ins Co
Bondi Joseph A -- North American Title Company
Bondi Joseph A $165,000 North American Title Ins Co
Baumann Florence $90,000 Fidelity National Title Co
Schweitzer Larry $32,000 Fidelity National Title Co
California Federal Bank Fsb $40,800 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foketi Ruth Mafileo $11,068
Open Foketi Ruth Mafileo $338,751
Previous Owner Rgm Real Estate Investments Inc $205,000
Previous Owner Rgm Real Estate Investments Inc $100,000
Previous Owner Bondi Joseph A $256,000
Previous Owner Bondi Joseph A $132,000
Previous Owner Baumann Florence $89,762
Previous Owner Schweitzer Larry $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2021 10/26/21 Sold $345,000 -4.2% $408 / Sq Ft
09/23/2021 09/23/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $360,000 +213.0% $426 / Sq Ft
05/11/2015 05/11/15 Sold $115,000 -17.6% $81 / Sq Ft View Prior Sale
03/11/2015 03/11/15 Pending -- -- --
01/21/2015 01/21/15 For Sale $139,500 -- $98 / 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 $4,281 $366,116 $84,896 $281,220
2024 $4,090 $358,938 $83,232 $275,706
2023 $4,029 $351,900 $81,600 $270,300
2022 $3,932 $345,000 $80,000 $265,000
2021 $1,396 $127,681 $33,307 $94,374
2020 $1,423 $126,373 $32,966 $93,407
2019 $1,391 $123,896 $32,320 $91,576
2018 $1,324 $121,468 $31,687 $89,781
2017 $1,292 $119,087 $31,066 $88,021
2016 $1,267 $116,753 $30,457 $86,296
2015 $913 $84,000 $37,500 $46,500
2014 $819 $75,000 $37,500 $37,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221108492

MetroList

APN: 103-21-13