NOT LISTED FOR SALE

700 Mamilane Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $326,000 - $472,000

4 Beds
4 Baths
1,724 Sq Ft
$231/Sq Ft Est. Value

Last Sold March 22, 2013

Last sale price $116,000 $67 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $2,230/month

21 Days on Market

Highlights

  • No HOA
  • Central Heating
  • 1-Story Property

About This Home

As of March 2013

Great Duplex home with lots of potential! This home is the perfect investment or if you like to live close to family. This home offers over 1700 SF, 4 bedrooms and 4 baths. Just needs a little TLC. This property won't be on the market long at this price. Don't miss out!!!

Last Agent to Sell the Property

Chris Colston

Powerhouse Realty License #01397247 Listed on: 02/08/2013

Last Buyer's Agent

Elizabeth Medina

Castle Real Estate License #01459012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 5,663

Parking

  • 1 Parking Space Included

Home Design

  • Duplex
  • Composition Roof

Additional Features

  • 1-Story Property
  • 5,663 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable tv dues/fees electricity gas grounds care sewer trash collection water
  • Assessor Parcel Number 037-059-042-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1989
  • Stories: 1
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Free Standing Electric Oven
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: CC&Rs,None
  • Listing Price: 114840.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1+ Space Per Unit

Utilities

  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-1
  • Lot Size Acres: 0.1300
  • Lot Dimensions: Varies
  • Lot Size Sq Ft: 5663

Rental Info

  • Tenant Pays: Cable TV,Dues/Fees,Electricity,Gas,Grounds Care,Sewer,Trash Collection,Water
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Units: 2
  • Number of Vacant Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 037-059-042-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
29 Sac Incu Lp
Bought by
Tah 2015-1 Borrower Llc
Current Estimated Value
$399,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,274,000
Outstanding Balance
$291,566,418
Interest Rate
3.63%
Mortgage Type
Commercial
Estimated Equity
-$291,167,418

Purchase Details

Listed on
Feb 8, 2013
Closed on
Mar 6, 2013
Sold by
Federal National Mortgage Association
Bought by
29 Sac Incu Lp
Seller's Agent
Chris Colston
Powerhouse Realty
Buyer's Agent
Elizabeth Medina
Castle Real Estate
List Price
$114,840
Sold Price
$116,000
Premium/Discount to List
$1,160
1.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%

Purchase Details

Listed on
Feb 8, 2013
Closed on
Jan 23, 2013
Sold by
Underwood Gene R
Bought by
Federal National Mortgage Association
Seller's Agent
Chris Colston
Powerhouse Realty
Buyer's Agent
Elizabeth Medina
Castle Real Estate
List Price
$114,840
Sold Price
$116,000
Premium/Discount to List
$1,160
1.01%

Purchase Details

Closed on
Jun 4, 2002
Sold by
Green Silas W
Bought by
Underwood Gene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2002
Sold by
Green Silas W
Bought by
Underwood Gene R and Green Silas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.83%
Mortgage Type
Commercial
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
Tah 2015-1 Borrower Llc -- Chicago Title Insurance Co
29 Sac Incu Lp $116,000 Stewart Title Of California
Federal National Mortgage Association $282,342 First American Title Company
Underwood Gene R -- First American Title Ins Co
Underwood Gene R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tah 2015-1 Borrower Llc $380,274,000
Previous Owner Underwood Gene R $127,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2013 03/22/13 Sold $116,000 +1.0% $67 / Sq Ft
02/28/2013 02/28/13 Pending -- -- --
02/07/2013 02/07/13 For Sale $114,840 -- $67 / 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 $1,670 $142,837 $24,625 $118,212
2024 $1,595 $140,038 $24,143 $115,895
2023 $1,572 $137,293 $23,670 $113,623
2022 $1,534 $134,602 $23,206 $111,396
2021 $1,443 $131,963 $22,751 $109,212
2020 $1,471 $130,611 $22,518 $108,093
2019 $1,437 $128,051 $22,077 $105,974
2018 $1,368 $125,542 $21,645 $103,897
2017 $2,157 $198,825 $38,832 $159,993
2016 $2,116 $194,927 $38,071 $156,856
2015 $1,292 $118,852 $20,491 $98,361
2014 $1,272 $116,525 $20,090 $96,435
Source: Public Records

Agents Affiliated with this Home

  • Chris Colston

    Seller's Agent in 2013

    Chris Colston

    Powerhouse Realty

    (209) 485-1572

    88 Total Sales

    Chris Colston
    Section Image

  • E

    Buyer's Agent in 2013

    Elizabeth Medina

    Castle Real Estate

See All Agents

Map

Source: MetroList

MLS Number: 13006935

MetroList

APN: 037-59-42

California Stanislaus County Modesto 95351 West Modesto

700 Mamilane, Modesto, CA

Not Listed for Sale

MultiFamily

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