$227,000
SOLD APR 28, 2016

712 River Rd Modesto, CA 95351

Bystorm Neighborhood
5 Beds
4 Baths
2,214 Sq Ft
0.78 Acres

Recently Sold

$103 Per Sq Ft

34% Below List Price

168 Days on Market

Highlights

  • 0.78 Acre Lot
  • Cottage
  • 1-Story Property
  • No HOA

About This Home

As of November 2016

GREAT PRICE & INCOME Investor Special- ALL UNITS ARE RENTED. 5 homes on one lot with two large outbuildings. Front unit is a 2 bedrooms, 1 baths home and all other units are 1 bedroom, 1 bath units. Front is security fenced. Some improvements have been made to each unit in the past year. Units sit on a large .78 acres parcel. GREAT POTENTIAL -Check out this great opportunity today!

Last Agent to Sell the Property

Adriana Orlando

J.Peter Realtors License #01297373 Listed on: 10/14/2015

Last Buyer's Agent

Adriana Orlando

J.Peter Realtors License #01297373 Listed on: 10/14/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,337

Year Built

  • Built in 1941

Lot Details

  • 0.78 Acre Lot

Parking

  • 2 Car Garage
  • 1 Parking Space Included

Home Design

  • Cottage
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Carbon Monoxide Detectors
  • Free-Standing Gas Range

Listing and Financial Details

  • Tenant pays for electricity gas rent only
  • Assessor Parcel Number 038-008-011-000

Community Details

Overview

  • No Home Owners Association
  • 7 Buildings
  • 5 Units

Building Details

  • 5 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,337

Year Built

Built in 1941

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1941
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Number of One Bedroom Units: 4
  • Number of Two Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range
  • Other Equipment: Varies by Unit
  • Flooring: Tile,Varies by Unit

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: None
  • Listing Price: 250000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Open,1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector
  • Cooling: Ceiling Fan(s),Central,Varies by Unit
  • Heating: Baseboard,Wall Furnace

Condo/Co-op/Association

  • Association Features: RV/Boat Storage,Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Residential
  • Lot Size Acres: 0.7798
  • Lot Size Sq Ft: 33968

Rental Info

  • Tenant Pays: Electricity,Gas,Rent Only
  • Total # Leasable: 5

Multi Family

  • Gross Income: 36300
  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 5
  • Number of Units: 5
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 038-008-011-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2016
Closed on
Nov 15, 2016
Sold by
Nguyen Van Xuan and Nguyen Ngoc Minh
Bought by
Yazdi Farrokh and Aminian Valeh
Seller's Agent
Adriana Orlando
J.Peter Realtors
Buyer's Agent
John E. Peace
Home America Real Estate
List Price
$259,000
Sold Price
$245,000
Premium/Discount to List
-$14,000
-5.41%
Current Estimated Value
$407,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,391
Avg. Annual Appreciation
5.60%

Purchase Details

Listed on
Oct 14, 2015
Closed on
Apr 25, 2016
Sold by
Luna Rogelio
Bought by
Nguyen Van Xuan and Nguyen Ngoc Minh
Seller's Agent
Adriana Orlando
J.Peter Realtors
Buyer's Agent
Adriana Orlando
J.Peter Realtors
List Price
$345,000
Sold Price
$227,000
Premium/Discount to List
-$118,000
-34.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%
Original Mortgage
$181,600
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 26, 2014
Sold by
Castro Consuelo and Castro Ramiro
Bought by
Luna Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 25, 2013
Sold by
Espinoza Jaime
Bought by
Luna Rogelio and Castro Consuelo

Purchase Details

Closed on
May 20, 2004
Sold by
Myers Melvin L and Myers Victoria
Bought by
Espinoza Jaime

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.92%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Grant Deed $245,000 North American Title Co Inc
Grant Deed $227,000 Old Republic Title Company
Grant Deed -- Chicago Title Company
Trustee Deed $36,910 First American Title Company
Grant Deed $375,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $181,600 Commercial
Previous Owner $160,000 Commercial
Previous Owner $300,000 Seller Take Back
Closed $30,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2016 11/21/16 Sold $245,000 -5.4% $111 / Sq Ft
10/23/2016 10/23/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $259,000 +14.1% $117 / Sq Ft
04/28/2016 04/28/16 Sold $227,000 -34.2% $103 / Sq Ft
03/29/2016 03/29/16 Pending -- -- --
10/13/2015 10/13/15 For Sale $345,000 -- $156 / 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
2024 $3,337 $278,763 $51,769 $226,994
2023 $3,291 $273,298 $50,754 $222,544
2022 $3,215 $267,940 $49,759 $218,181
2021 $3,033 $262,687 $48,784 $213,903
2020 $3,090 $259,994 $48,284 $211,710
2019 $3,022 $254,897 $47,338 $207,559
2018 $2,885 $249,900 $46,410 $203,490
2017 $2,820 $245,000 $45,500 $199,500
2016 $2,269 $194,161 $46,598 $147,563
2015 $2,237 $191,246 $45,899 $145,347
2014 $2,205 $187,500 $45,000 $142,500
Source: Public Records

Agents Affiliated with this Home

  • Adriana Orlando

    Seller's Agent in 2016

    Adriana Orlando

    J.Peter Realtors

    (209) 649-4425

    44 Total Sales

    Adriana Orlando
    Section Image

  • J

    Buyer's Agent in 2016

    John E. Peace

    Home America Real Estate

    Section Image
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Map

Source: MetroList

MLS Number: 15067121

MetroList

APN: 038-08-11

California Stanislaus County Modesto 95351 Bystorm

712 River Rd, Modesto, CA

This home is located at 712 River Rd, Modesto, CA 95351 and is currently priced at $227,000, approximately $102 per square foot. This property was built in 1941. 712 River Rd is a home located in Stanislaus County with nearby schools including Tuolumne Elementary School, Evelyn Hanshaw Middle School, and Peter Johansen High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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