NOT LISTED FOR SALE

Estimated Value: $280,000 - $379,000

3 Beds
3 Baths
1,608 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 05, 2021

Last sale price $220,000 $137 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,937/month

57 Days on Market

About This Home

As of January 2021

Great Investor Opportunity. Duplex with one side 2 beds and 2 baths and other side 1 bed and 1 bath fully tenants occupied. Closed to school and markets, and Freeway 99. A must see to appreciated.

Last Agent to Sell the Property

Monica Pham

Intero Real Estate Services License #01386567 Listed on: 08/12/2020

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,660

Year Built

  • 1930

Lot Details

  • 8,041 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,608 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $20,700

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $110
  • Insurance Expense $1,037
  • Maintenance Expense $797
  • Utility Expense $1,332
  • Trash Expense $840
  • Operating Expense $5,498
  • Gross Income $20,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,660

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 90
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1608
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Living Sq Ft: 1608
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Parking Area, Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Modesto City High

Lot Info

  • Lot Acres: 0.1846
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8041.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8041.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 8.65
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1037
  • Expense Landscape: 110
  • Expense Maintenance: 797
  • Expenses Total: 5498
  • Expenses Utility: 1332
  • Expense Trash: 840
  • Income Annual Gross: 20700.00
  • Income Annual Rental: 20700
  • Income Gross Scheduled: 20700
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Dec 28, 2020
Sold by
Arana Walter Enrique
Bought by
Arana Karim L
Seller's Agent
Monica Pham
Intero Real Estate Services
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%
Current Estimated Value
$314,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,838
Avg. Annual Appreciation
4.67%
Original Mortgage
$165,000
Outstanding Balance
$148,581
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$122,973

Purchase Details

Listed on
Aug 12, 2020
Closed on
Dec 8, 2020
Sold by
The Marlborough One Flp
Bought by
Arana Karim L
Seller's Agent
Monica Pham
Intero Real Estate Services
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$148,581
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$122,973

Purchase Details

Listed on
Aug 20, 2015
Closed on
Dec 4, 2015
Sold by
Kemp Hiram
Bought by
The Marlborough One Flp
Seller's Agent
Hiram Kemp
California Realtors & Mngt.
Buyer's Agent
Duydat Vu
Dat Vu, Broker
List Price
$95,000
Sold Price
$116,000
Premium/Discount to List
$21,000
22.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%

Purchase Details

Listed on
Aug 20, 2015
Closed on
Dec 3, 2015
Sold by
Kemp Michelle
Bought by
Kemp Hiram
Seller's Agent
Hiram Kemp
California Realtors & Mngt.
Buyer's Agent
Duydat Vu
Dat Vu, Broker
List Price
$95,000
Sold Price
$116,000
Premium/Discount to List
$21,000
22.11%

Purchase Details

Closed on
Sep 2, 2008
Sold by
Deutsche Bank National Trust Co
Bought by
Kemp Hiram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2008
Sold by
Romero Jose Guadalupe
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Abs Capital I Inc Trust 2

Purchase Details

Closed on
Aug 4, 2006
Sold by
Amezcua Rodolfo and Amezcua Ana B
Bought by
Romero Jose Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
8.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 28, 2006
Sold by
Romero Carolina
Bought by
Romero Jose Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,000
Interest Rate
8.99%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 26, 2005
Sold by
Ontiverous Ismael and Ontiverous Minerva
Bought by
Amezcua Rodolfo and Amezcua Ana B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,959
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2004
Sold by
Heredra Moises Campos
Bought by
Ontiveros Ismael and Ontiveros Minerva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2002
Sold by
Ramirez Ignacio
Bought by
Heredia Moises Campos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.37%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Arana Karim L -- Chicago Title Company
Arana Karim L $220,000 Chicago Title Company
The Marlborough One Flp $116,000 First American Title Company
Kemp Hiram -- First American Title Co
Kemp Hiram $43,000 First American Title Company
Deutsche Bank National Trust Co $238,500 Landsafe Title
Romero Jose Guadalupe $420,000 Alliance Title Company
Romero Jose Guadalupe -- Alliance Title Company
Amezcua Rodolfo $350,000 Alliance Title Company
Ontiveros Ismael $214,500 Alliance Title Company
Heredia Moises Campos $130,000 North American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arana Karim L $165,000
Previous Owner Kemp Hiram $60,000
Previous Owner Romero Jose Guadalupe $357,000
Previous Owner Romero Jose Guadalupe $63,000
Previous Owner Amezcua Rodolfo $286,959
Previous Owner Ontiveros Ismael $171,600
Previous Owner Heredia Moises Campos $20,000
Previous Owner Heredia Moises Campos $97,500
Closed Ontiveros Ismael $21,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2021 01/05/21 Sold $220,000 +22.9% $137 / Sq Ft
10/09/2020 10/09/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $179,000 -21.8% $111 / Sq Ft
08/12/2020 08/12/20 For Sale $229,000 +97.4% $142 / Sq Ft
12/09/2015 12/09/15 Sold $116,000 +22.1% $61 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
08/20/2015 08/20/15 For Sale $95,000 -- $50 / 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 $2,660 $233,464 $111,426 $122,038
2023 $2,621 $228,888 $109,242 $119,646
2022 $2,557 $224,400 $107,100 $117,300
2021 $1,387 $126,860 $41,010 $85,850
2020 $1,414 $125,560 $40,590 $84,970
2019 $1,382 $123,099 $39,795 $83,304
2018 $1,315 $120,686 $39,015 $81,671
2017 $1,284 $118,320 $38,250 $80,070
2016 $1,259 $116,000 $37,500 $78,500
2015 $699 $64,286 $21,428 $42,858
2014 -- $63,028 $21,009 $42,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81805793

MLSListings

APN: 035-44-30