NOT LISTED FOR SALE

716 Empire Ave Modesto, CA 95354

La Loma Neighborhood

Estimated Value: $736,429

12 Beds
4 Baths
4,292 Sq Ft
$172/Sq Ft Est. Value

Sale Details

Date Sold: January 29, 2020

Last sale price $545,000 $127 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $4,770 / mo

104 Days on Market

Highlights

  • No HOA
  • Covered Deck
  • Central Heating and Cooling System
  • Double Pane Windows

About This Home

As of January 2020

Great investment property!!!! Each unit consists of 3 bedrooms and 1 bath with 1073 square feet. Carpet, tile and vinyl floors. Laundry in each unit and complex was built in 2007. 2 units upstairs, 2 units downstairs with carport for each unit. Great investment opportunity with cash flow for years to come. Can be sold with lot next door as well, 712 Empire (MLS #19067513).

Last Agent to Sell the Property

Joshua Reeve

PMZ Real Estate License #01986852 Listed on: 09/25/2019

PMZ Real Estate

Last Buyer's Agent

Peter Navarro

De Novo Real Estate License #01513045

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 10,000

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Double Pane Windows

Parking

  • 1 Parking Space Included
  • 4 Covered Spaces

Utilities

  • Central Heating and Cooling System
  • 220 Volts

Additional Features

  • Covered Deck
  • 10,000 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 035-045-057

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 3 Units Leased Month-To-Month
  • Insurance Expense $2,850

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

10,000 Sq Ft Lot

Listing Details

  • MLS Status: Closed
  • Standard Status: Closed
  • Property Type: ResidentialIncome
  • Property Subtype 1: Quadruplex
  • Year Built: 2007
  • Stories: 2
  • Number of Three Bedroom Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher,Disposal,Free Standing Gas Oven,Free Standing Gas Range
  • Flooring: Carpet,Tile,Linoleum/Vinyl
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Frame,Stucco
  • Disclosures/Documents: CC&Rs,Natural Hazard Disclosure Available
  • Foundation: Slab
  • Listing Price: 544900.00
  • Patio And Porch Features: Covered Deck
  • Roof: Composition

Garage/Parking

  • Covered Parking Spaces: 4
  • Parking Features: 1 Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: See Remarks
  • Utilities: Cable Available,Internet Available
  • Cooling: Central
  • Electric: 220 Volts
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: MULTI
  • Lot Size Acres: 0.2296
  • Lot Size Sq Ft: 10000

Rental Info

  • Tenant Pays: Electricity,Gas

Multi Family

  • Income Includes: Rent Only
  • Existing Lease Type: See Remarks
  • Insurance Expense: 2850
  • Number of Leased Units: 4
  • Number of Month to Month Units: 3
  • Number of Units: 4
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 035-045-057
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2019
Closed on
Jan 22, 2020
Sold by
Flake Stanley L and Flake Lynne H
Bought by
Seller's Agent
Joshua Reeve
PMZ Real Estate
Buyer's Agent
Peter Navarro
De Novo Real Estate
List Price
$549,000
Sold Price
$545,000
Premium/Discount to List
-$4,000
-0.73%
Current Estimated Value
$736,429

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,429
Avg. Annual Appreciation
4.62%
Original Mortgage
$535,128
Outstanding Balance
$461,687
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$274,742

Purchase Details

Closed on
Jun 30, 2007
Sold by
S & L Safe Limited Partnership
Bought by
Hanse F

Purchase Details

Closed on
Jun 12, 2007
Sold by
Ramsey Warren and Mack Gary
Bought by
S & L Safe Lp

Purchase Details

Closed on
Mar 23, 2006
Sold by
Fidelity Income Properties Llc
Bought by
Ramsey Warren and Mack Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2005
Sold by
Fidelity Income Properties Llc
Bought by
Kelly Rodney R and Kelly Door Co Inc Profit Sharing Plan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2004
Sold by
Mini Joe
Bought by
Fidelity Income Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,500
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 27, 1995
Sold by
Shaver Frank E and Shaver Frank F
Bought by
Shaver Leonard R and Shaver Nancy E

Purchase Details

Closed on
Jul 2, 1994
Sold by
Shaver Girtie
Bought by
Shaver Frank F
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in La Loma, CA

  • PJ Johnsen Real Estate Agent - Vista Sotheby's International Realty

    PJ Johnsen

    Vista Sotheby's International Realty

    (209) 231-7888

    56 Total Sales

    1 in La Loma

    $400,000 Price

    PJ Johnsen
     Section Image
  • Steven Zagaris Real Estate Agent - PMZ Real Estate

    Steven Zagaris

    Responds Quickly

    PMZ Real Estate

    (209) 653-1646

    140 Total Sales

    7 in La Loma

    $260K - $456K Price Range

    Steven Zagaris
     Section Image
  • Ben Bazar Real Estate Agent - RE/MAX Executive

    Ben Bazar

    RE/MAX Executive

    (209) 497-5769

    82 Total Sales

    7 in La Loma

    $248K - $450K Price Range

    Ben Bazar
     Section Image
  • Yvonne Morgan Real Estate Agent - Y Morgan Realty

    Yvonne Morgan

    Y Morgan Realty

    (925) 391-1653

    35 Total Sales

    1 in La Loma

    $210,000 Price

    Yvonne Morgan
     Section Image
  • Diego Herra Real Estate Agent - Realty ONE Group Zoom

    Diego Herra

    Realty ONE Group Zoom

    (209) 699-8106

    203 Total Sales

    2 in La Loma

    $400K - $407K Price Range

    Diego Herra
     Section Image
  • Veronica Avelar Real Estate Agent - RE/MAX Star Properties

    Veronica Avelar

    RE/MAX Star Properties

    (628) 230-4572

    33 Total Sales

    1 in La Loma

    $349,000 Price

    Veronica Avelar
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$545,000 Cypress Title Corporation
Hanse F $398,500 None Available
S & L Safe Lp $798,045 None Available
Ramsey Warren -- Fidelity Natl Title Co Of Ca
Fidelity Income Properties Llc -- Fidelity Natl Title Co Of Ca
Kelly Rodney R -- Old Republic Title Company
Fidelity Income Properties Llc $85,000 First American Title Co
Shaver Leonard R -- --
Shaver Frank F -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $10,632
Open Maldonado Jose $535,128
Previous Owner S & L Safe Limited Partnership --
Previous Owner Ramsey Warren $640,000
Previous Owner Fidelity Income Properties Llc $640,000
Previous Owner Fidelity Income Properties Llc $89,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/29/2020 01/29/20 Sold $545,000 0.0% $127 / Sq Ft
01/07/2020 01/07/20 Pending -- -- --
12/18/2019 12/18/19 Price Changed $544,900 -0.7% $127 / Sq Ft
11/27/2019 11/27/19 For Sale $549,000 0.0% $128 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
10/24/2019 10/24/19 For Sale $549,000 0.0% $128 / Sq Ft
10/06/2019 10/06/19 Pending -- -- --
09/30/2019 09/30/19 For Sale $549,000 0.0% $128 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $549,000 -- $128 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,970 $596,032 $65,616 $530,416
2024 $6,658 $584,346 $64,330 $520,016
2023 $6,560 $572,889 $63,069 $509,820
2022 $6,401 $561,657 $61,833 $499,824
2021 $6,020 $550,645 $60,621 $490,024
2020 $4,691 $416,500 $45,000 $371,500
2019 $4,675 $416,500 $45,000 $371,500
2018 $4,539 $416,500 $45,000 $371,500
2017 $4,107 $378,500 $41,000 $337,500
2016 $3,734 $344,000 $37,500 $306,500
2015 $3,110 $286,000 $37,500 $248,500
2014 $2,784 $255,000 $37,500 $217,500
Source: Public Records

Agents Affiliated with this Home

  • Joshua Reeve Real Estate Agent - PMZ Real Estate

    Seller's Agent in 2020

    Joshua Reeve

    PMZ Real Estate

    (209) 857-2477

    10 in this area

    274 Total Sales

    Joshua Reeve
    Section Image

  • PN

    Buyer's Agent in 2020

    Peter Navarro

    De Novo Real Estate

    (510) 293-9373

    18 Total Sales

    Peter Navarro
    Section Image
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Map

Source: MetroList

MLS Number: 19067454

MetroList

APN: 035-45-57

California Stanislaus County Modesto 95354 La Loma

716 Empire Ave, Modesto, CA

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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