NOT LISTED FOR SALE

661 Mitchell Ave Turlock, CA 95380

Downtown Turlock Neighborhood

Estimated Value: $691,000 - $702,000

6 Beds
6 Baths
2,769 Sq Ft
$251/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $527,000 $190 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,289/month

3 Days on Market

About This Home

As of September 2020

Location, Location, location, this triplex is located among single family residence and has best of two worlds. Excellent opportunity for buyers and investors. Stay in one unit and rent the other two. Collected rent from two unites will help you pay your mortgage. Very desirable floor plan. Each unit has two bedrooms and two full bathrooms with one car garage and private backyard for each unit.

Last Agent to Sell the Property

Fabiola Soliemani

Synoptic Real Estate Group License #01167126 Listed on: 06/27/2020

Last Buyer's Agent

Daniel Akulow

Access Real Estate License #01481066

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,008

Year Built

  • 1992

Lot Details

  • 7,000

Parking

  • 3 Car Garage
  • Workshop in Garage
  • On-Street Parking

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,769 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Additional Features

  • 7,000 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $850
  • Insurance Expense $1,800
  • Maintenance Expense $600
  • Manager Expense $4,200
  • Utility Expense $3,120
  • Operating Expense $14,570
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,008

Year Built

1992

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 28
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2769
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1992

Interior Features

  • Kitchen: Dishwasher, Microwave, Oven Range
  • Living Sq Ft: 2769
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Common Parking Area, On Street, Workshop In Garage

Utilities

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

Schools

  • School District: Turlock Unified

Lot Info

  • 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

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 12.12
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 850
  • Expense Maintenance: 600
  • Expense Management: 4200
  • Expenses Total: 14570
  • Expenses Utility: 3120
  • Income Annual Gross: 42000.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Rents
  • Meters: Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Rent Only, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Aug 20, 2020
Sold by
Papion Hilda and Hilda Papion Revocable Trust
Bought by
Hamza Samer and Hamza Areeje
Seller's Agent
Fabiola Soliemani
Synoptic Real Estate Group
Buyer's Agent
Daniel Akulow
Access Real Estate
List Price
$509,000
Sold Price
$527,000
Premium/Discount to List
$18,000
3.54%
Current Estimated Value
$695,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,196
Avg. Annual Appreciation
4.87%
Original Mortgage
$395,250
Outstanding Balance
$355,312
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$312,562

Purchase Details

Closed on
Apr 25, 2019
Sold by
Papion Hilda
Bought by
Papion Hilda and Hilda Papion Revocable Trust

Purchase Details

Closed on
Nov 8, 2002
Sold by
Papion Joseph R and Papion Hilda
Bought by
Papion Joseph R and Papion Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2002
Sold by
Papion Hilda
Bought by
Papion Joseph R and Papion Hilda

Purchase Details

Closed on
Oct 20, 2000
Sold by
Papion Joseph R
Bought by
Papion Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 20, 2000
Sold by
Katakis Andrew and Katakis William J
Bought by
Papion Joseph R and Papion Hilda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Hamza Samer $527,000 Fidelity National Title Co
Papion Hilda -- None Available
Papion Hilda -- None Available
Papion Joseph R -- Alliance Title Company
Papion Joseph R -- --
Papion Hilda -- --
Papion Joseph R $205,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamza Samer $395,250
Previous Owner Papion Joseph R $95,000
Previous Owner Papion Joseph R $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $527,000 +3.5% $190 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $509,000 -- $184 / 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
2024 $6,008 $559,255 $95,508 $463,747
2023 $5,999 $548,290 $93,636 $454,654
2022 $5,924 $537,540 $91,800 $445,740
2021 $5,836 $527,000 $90,000 $437,000
2020 $3,143 $282,435 $70,950 $211,485
2019 $3,091 $276,898 $69,559 $207,339
2018 $3,088 $271,470 $68,196 $203,274
2017 $3,016 $266,148 $66,859 $199,289
2016 $2,817 $260,931 $65,549 $195,382
2015 $2,689 $247,500 $44,000 $203,500
2014 $2,426 $221,000 $44,000 $177,000
Source: Public Records

Agents Affiliated with this Home

  • Fabiola Soliemani

    Seller's Agent in 2020

    Fabiola Soliemani

    Synoptic Real Estate Group

    (408) 358-2717

    1 in this area

    51 Total Sales

    Fabiola Soliemani
    Section Image

  • D

    Buyer's Agent in 2020

    Daniel Akulow

    Access Real Estate

See All Agents

Map

Source: MLSListings

MLS Number: ML81798637

MLSListings

APN: 061-29-31

California Stanislaus County Turlock 95380 Downtown Turlock

661 Mitchell Ave, Turlock, CA

This home is located at 661 Mitchell Ave, Turlock, CA 95380 since 27 June 2020 and is currently estimated at $695,196, approximately $251 per square foot. This property was built in 1992. 661 Mitchell Ave is a home located in Stanislaus County with nearby schools including Julien Elementary School, Marvin A. Dutcher Middle School, and Turlock Junior High School.

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