NOT LISTED FOR SALE

716 S Conejo Ave Modesto, CA 95354

La Loma Neighborhood

Estimated Value: $396,000 - $422,201

6 Beds
4 Baths
960 Sq Ft
$426/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $420,000 $438 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,575/month

50 Days on Market

Highlights

  • A-Frame Home
  • Tile Flooring
  • Refrigerated and Evaporative Cooling System
  • No HOA
  • Ceiling Fan
  • 1-Story Property

About This Home

As of May 2022

Good investment opportunity. Great income on all 3 units. Front unit has 4 bedrooms and 2 full bath, back unit is a 1 bedroom 1 bath plus a small studio. Tenants would love to stay!!!!!!!!

Last Agent to Sell the Property

Vijay Shankar

Shankar Real Estate & Property Management License #01212132 Listed on: 03/06/2022

Last Buyer's Agent

Steve Cavanaugh

HomeSmart PV & Associates License #01975266

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,212

Year Built

  • Built in 1950

Lot Details

  • 7,645 Sq Ft Lot

Home Design

  • Triplex
  • A-Frame Home
  • Raised Foundation
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Free-Standing Gas Range

Flooring

  • Carpet
  • Linoleum
  • Tile

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 4 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace
  • Water Heater

Listing and Financial Details

  • Security Deposit $1,500
  • Tenant pays for rent only, electricity, gas
  • Assessor Parcel Number 035-045-010-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Insurance Expense $1,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,212

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Triplex
  • Stories: 1
  • Year Built: 1950
  • Architectural Style: A-Frame
  • Stories: 1
  • Number of Four Bedroom Units: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range
  • Flooring: Carpet, Tile, Linoleum
  • Price Per Square Foot: 249.55

Exterior Features

  • Construction Materials: Stucco, Frame
  • Disclosures/Documents: Estoppel Certificate, Rental/Lease Agreement(s)
  • Foundation: Raised, Slab
  • Listing Price: 425000.00
  • Lot Features: Shape Regular
  • Patio And Porch Features: Varies by Unit
  • Property Condition: Varies by Unit
  • Roof: Composition
  • View Description: Varies by Unit

Garage/Parking

  • Open Parking Spaces: 4.00
  • Parking Features: Off Street, Open, Varies by Unit
  • Total Parking Spaces: 4.00
  • Guest Spaces: 2

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: See Remarks
  • Utilities: Other
  • Cooling: Ceiling Fan(s), Evaporative Cooler
  • Heating: Wall Furnace
  • Laundry Features: Varies by Unit
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R1
  • Irrigation: See Remarks
  • Lot Size Acres: 0.1755
  • Lot Size Sq Ft: 7645.00

Rental Info

  • Tenant Pays: Rent Only, Electricity, Gas
  • Total Deposit: 1500
  • Lease Term: Month To Month
  • Lease Deposit: 1500
  • Studios Occupied: 1
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1201
  • Number of Leased Units: 3
  • Number of Units: 3
  • One Bedroom Annual Occupancy: 100
  • Four Bedroom Annual Occupancy: 100
  • One Bedrooms Occupied: 2
  • Four Bedrooms Occupied: 1

Tax Info

  • Assessor Parcel Number: 035-045-010-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2016
Closed on
Dec 27, 2016
Sold by
Breceda Luis Jose
Bought by
Vilash Rakesh and Vilash Sneh L
Seller's Agent
Tim Spencer
PMZ Real Estate
Buyer's Agent
Rene Bhardwaj
Epic Brokers Inc
List Price
$199,950
Sold Price
$199,000
Premium/Discount to List
-$950
-0.48%
Current Estimated Value
$409,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,101
Avg. Annual Appreciation
8.49%
Original Mortgage
$195,395
Outstanding Balance
$158,263
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$250,838

Purchase Details

Listed on
Jul 21, 2016
Closed on
Dec 15, 2016
Sold by
Breceda Louis Jose
Bought by
Vilash Rakesh and Vilash Sneh L
Seller's Agent
Tim Spencer
PMZ Real Estate
Buyer's Agent
Rene Bhardwaj
Epic Brokers Inc
List Price
$199,950
Sold Price
$199,000
Premium/Discount to List
-$950
-0.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,395
Outstanding Balance
$158,263
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$250,838

Purchase Details

Listed on
Jul 21, 2016
Closed on
Nov 29, 2016
Sold by
Deutsche Bank National Trust Company
Bought by
Breceda Luis Jose
Seller's Agent
Tim Spencer
PMZ Real Estate
Buyer's Agent
Rene Bhardwaj
Epic Brokers Inc
List Price
$199,950
Sold Price
$199,000
Premium/Discount to List
-$950
-0.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,395
Outstanding Balance
$158,263
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$250,838

Purchase Details

Closed on
May 30, 2008
Sold by
Breceda Blanca
Bought by
Breceda Luis Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,991
Interest Rate
6%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 2008
Sold by
Washington Mutual Bank
Bought by
Breceda Luis Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,991
Interest Rate
6%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 26, 2008
Sold by
Sigala Jose
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2006-11

Purchase Details

Closed on
Oct 27, 2006
Sold by
Sigala Jose M and Sigala Jose
Bought by
Sigala Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
8.57%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 21, 2005
Sold by
Juarez German L
Bought by
Sigala Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,300
Interest Rate
7.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2001
Sold by
Alexander Norman J and Christoffersen Carl
Bought by
Juarez German L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,437
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2001
Sold by
Alexander Carmela J
Bought by
Alexander Norman J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,437
Interest Rate
6.84%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Vilash Rakesh -- Old Republic Title Company
Vilash Rakesh $199,000 Old Republic Title Company
Breceda Luis Jose -- Old Republic Title Company
Breceda Luis Jose -- Fidelity National Title
Breceda Luis Jose $130,000 Fidelity National Title
Deutsche Bank National Trust Co $165,000 None Available
Sigala Jose -- Fidelity Natl Title Co Of Ca
Sigala Jose $298,000 Chicago Title
Juarez German L $120,500 Fidelity National Title Co
Alexander Norman J -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vilash Rakesh $195,395
Previous Owner Breceda Luis Jose $127,991
Previous Owner Sigala Jose $289,000
Previous Owner Sigala Jose $253,300
Previous Owner Juarez German L $105,437
Closed Juarez German L $24,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2022 05/27/22 Sold $420,000 -1.2% $438 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $425,000 0.0% $443 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $425,000 0.0% $443 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
03/06/2022 03/06/22 For Sale $425,000 +113.6% $443 / Sq Ft
12/27/2016 12/27/16 Sold $199,000 -0.5% $143 / Sq Ft View Prior Sale
11/04/2016 11/04/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $199,950 -- $144 / 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 $5,212 $445,707 $180,405 $265,302
2024 $4,979 $436,968 $176,868 $260,100
2023 $2,542 $221,985 $41,831 $180,154
2022 $2,480 $217,633 $41,011 $176,622
2021 $2,333 $213,366 $40,207 $173,159
2020 $2,379 $211,179 $39,795 $171,384
2019 $2,324 $207,039 $39,015 $168,024
2018 $2,212 $202,980 $38,250 $164,730
2017 $2,159 $199,000 $37,500 $161,500
2016 $1,096 $101,000 $30,000 $71,000
2015 $946 $87,000 $11,500 $75,500
2014 $841 $77,000 $10,000 $67,000
Source: Public Records

Agents Affiliated with this Home

  • Vijay Shankar

    Seller's Agent in 2022

    Vijay Shankar

    Shankar Real Estate & Property Management

    (209) 531-3255

    2 in this area

    31 Total Sales

    Vijay Shankar
    Section Image
  • Steve Cavanaugh

    Buyer's Agent in 2022

    Steve Cavanaugh

    HomeSmart PV & Associates

    (209) 581-6325

    1 in this area

    40 Total Sales

    Steve Cavanaugh
    Section Image
  • Tim Spencer

    Seller's Agent in 2016

    Tim Spencer

    PMZ Real Estate

    (209) 345-1023

    7 in this area

    136 Total Sales

    Tim Spencer
    Section Image

  • R

    Buyer's Agent in 2016

    Rene Bhardwaj

    Epic Brokers Inc

    (510) 742-0700

    7 Total Sales

    Rene Bhardwaj
    Section Image
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Map

Source: MetroList

MLS Number: 222026394

MetroList

APN: 035-45-10

California Stanislaus County Modesto 95354 La Loma

716 S Conejo Ave, Modesto, CA

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