NOT LISTED FOR SALE

702 Erickson Ave Modesto, CA 95351

Bystorm Neighborhood

Estimated Value: $830,000 - $1,131,335

8 Beds
8 Baths
3,160 Sq Ft
$310/Sq Ft Est. Value

Last Sold February 13, 2018

Last sale price $664,000 $210 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $5,873/month

133 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Double Pane Windows
  • Contemporary Architecture
  • Enclosed Patio or Porch
  • Accessible Approach with Ramp

About This Home

As of February 2018

Great rental with no vacancies in several years.1 SFH $800, 1 DUPLEX $700/$590, 1 TRIPLEX $880/$795/$775 = $4540 X 12 = $54,480

Last Agent to Sell the Property

Jim Cates

PMZ Real Estate License #00549678 Listed on: 07/31/2017

PMZ Real Estate

Last Buyer's Agent

Craig Thorson

Century 21 Real Estate Allianc License #01281044

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 0.36

Parking

  • 5 Car Garage
  • 1 Parking Space Included

Home Design

  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Additional Features

  • Accessible Approach with Ramp
  • Enclosed Patio or Porch
  • 0.36 Acre Lot
  • Central Heating

Listing and Financial Details

  • Tenant pays for cable tv electricity
  • Assessor Parcel Number 038-011-036

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 6 Units

Building Details

  • 6 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Parking

5

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 2003
  • Accessibility Features: AccessibleApproachwithRamp
  • Architectural Style: Contemporary
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal,Electric Cook Top
  • Other Equipment: None
  • Flooring: Carpet,Concrete,Tile
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 679990.00
  • Patio And Porch Features: Enclosed Patio
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 8
  • Garage Spaces: 5
  • Parking Features: Garage,Open,1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Laundry Hook-Up in Units,Patios/Balcony,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: MULTI
  • Lot Size Acres: 0.3600
  • Lot Size Sq Ft: 15680

Rental Info

  • Tenant Pays: Cable TV,Electricity
  • Total # Leasable: 6

Multi Family

  • Income Includes: Rent Only
  • Number of Month to Month Units: 6
  • Number of Units: 6
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 038-011-036

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2017
Closed on
Dec 26, 2017
Sold by
Edmonson John and Edmonson Sharon L
Bought by
Barajas Celia R and Barajas David
Seller's Agent
Jim Cates
PMZ Real Estate
Buyer's Agent
Craig Thorson
Century 21 Real Estate Allianc
List Price
$679,990
Sold Price
$664,000
Premium/Discount to List
-$15,990
-2.35%
Current Estimated Value
$980,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,668
Avg. Annual Appreciation
5.06%
Original Mortgage
$325,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2003
Sold by
Medina George and Medina Dolores
Bought by
Edmondson John and Edmondson Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.37%
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
Barajas Celia R $664,000 Old Republic Title Co
Edmondson John $525,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barajas Celia R $325,000
Previous Owner Edmondson John $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2018 02/13/18 Sold $664,000 -2.4% $210 / Sq Ft
12/08/2017 12/08/17 Pending -- -- --
07/28/2017 07/28/17 For Sale $679,990 -- $215 / 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 $8,996 $755,512 $108,091 $647,421
2024 $8,601 $740,699 $105,972 $634,727
2023 $8,477 $726,177 $103,895 $622,282
2022 $8,275 $711,939 $101,858 $610,081
2021 $7,792 $697,980 $99,861 $598,119
2020 $7,942 $690,825 $98,838 $591,987
2019 $7,763 $677,280 $96,900 $580,380
2018 $4,515 $399,500 $45,000 $354,500
2017 $4,100 $363,000 $41,000 $322,000
2016 $3,744 $330,000 $37,500 $292,500
2015 $3,158 $276,000 $37,500 $238,500
2014 $2,860 $247,500 $37,500 $210,000
Source: Public Records

Agents Affiliated with this Home

  • Jim Cates

    Seller's Agent in 2018

    Jim Cates

    PMZ Real Estate

    (209) 968-5660

    19 Total Sales

    Jim Cates
    Section Image

  • C

    Buyer's Agent in 2018

    Craig Thorson

    Century 21 Real Estate Allianc

See All Agents

Map

Source: MetroList

MLS Number: 17048622

MetroList

APN: 038-11-36

California Stanislaus County Modesto 95351 Bystorm

702 Erickson Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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