NOT LISTED FOR SALE

731 Sunset Ave Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $502,000 - $584,161

6 Beds
4 Baths
2,240 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 24, 2022

Last sale price $538,000 $240 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,401/month

12 Days on Market

About This Home

As of February 2022

Are you searching for a solid rental income investment at a lower price in Modesto? If that is the case, 729-731 Sunset Ave. is the property for you. The duplex property was built in 2004 and both units contain 3 bedrooms and 2 bathrooms. The windows are dual paned. The units are both individually metered, this includes water. Tenants pay for their own utilities, including yard maintenance. The property is located close to parks, golf courses, and is walkable distance to Aspire Charter School. Fully leased out, one unit renovated last year. Easy to manage property, jump in and start your stream of passive activity income today!

Last Agent to Sell the Property

Kathryn Knightsby

Kathryn Knightsby Real Estate License #01725085 Listed on: 01/12/2022

Last Buyer's Agent

Kathryn Knightsby

Kathryn Knightsby Real Estate License #01725085 Listed on: 01/12/2022

Property Details

Home Type

Multi-Family

Year Built

2004

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments,Flats,Garden Apartments
  • Property Sub Type: Duplex
  • Number of Three Bedroom Units: 2
  • Architectural Style: Contemporary
  • CapRate: 7.24
  • Directions: Exit 99 Tuolumne, Neece Dr South, East on Rouse, left on Sunset
  • Professional Management Expense: 2476
  • Building Stories: 1
  • Special Features: None
  • Stories: 1
  • Year Built: 2004

Interior Features

  • Appliances: Free Standing Refrigerator, Gas Cook Top, Disposal, See Remarks
  • Price Per Square Foot: 240.18
  • Flooring: Carpet, Tile, Laminate
  • Number Of Buildings: 1
  • Stories: 1

Exterior Features

  • Foundation Details: Concrete
  • Construction Type: Plaster, Stucco, Frame, Wood
  • Lot Features: Court

Garage/Parking

  • Parking Features: Open, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Cooling: Central
  • Heating: Central
  • Electric: 220 Volts
  • Laundry Features: In Each Unit
  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector, Security Fence
  • Sewer: In & Connected
  • Utilities: Electric, Cable Available, City
  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Modesto City

Lot Info

  • Lot Size Sq Ft: 6111.00
  • Zoning Description: R@

Rental Info

  • Total # Leasable: 2
  • Lease Term: Month To Month
  • Tenant Pays: Cable TV, Electricity, Sewer, Trash Collection, Water

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Annual Gross Income: 41280
  • Income Includes: Rent Only
  • Insurance Expense: 100
  • Maintenance Expense: 150
  • Number Of Units Leased: 2
  • Number of Month to Month Units: 1
  • Number Of Units Total: 2

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 18, 2022
Sold by
Proper Investments Llc
Bought by
Singh Tarjeet and Dhillon Arpunjot K
Seller's Agent
Kathryn Knightsby
Kathryn Knightsby Real Estate
Buyer's Agent
Kathryn Knightsby
Kathryn Knightsby Real Estate
List Price
$535,000
Sold Price
$538,000
Premium/Discount to List
$3,000
0.56%
Current Estimated Value
$543,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,081
Avg. Annual Appreciation
0.25%
Original Mortgage
$403,500
Outstanding Balance
$374,680
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$168,401

Purchase Details

Closed on
Mar 12, 2019
Sold by
Potluri Sridhar Babu and Yejella Sushmarani
Bought by
Proper Investments Llc

Purchase Details

Closed on
Jul 18, 2018
Sold by
Rochel Bernardo and The Estate Of Ignacio Rochel
Bought by
Ptluri Sihdkar Babu and Yeella Susahmarnaij

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,250
Interest Rate
4.6%
Mortgage Type
New Conventional
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
Singh Tarjeet $538,000 Chicago Title
Proper Investments Llc -- None Available
Potluri Sridhar Babu -- None Available
Ptluri Sihdkar Babu $295,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Tarjeet $403,500
Previous Owner Ptluri Sihdkar Babu $221,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2022 02/24/22 Sold $538,000 +0.6% $240 / Sq Ft
01/24/2022 01/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $535,000 -- $239 / 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 $6,677 $570,929 $180,405 $390,524
2024 $6,378 $559,735 $176,868 $382,867
2023 $6,284 $548,760 $173,400 $375,360
2022 $3,534 $310,095 $78,837 $231,258
2021 $3,324 $304,016 $77,292 $226,724
2020 $3,389 $300,900 $76,500 $224,400
2019 $3,311 $295,000 $75,000 $220,000
2018 $3,110 $285,388 $31,804 $253,584
2017 $3,036 $279,793 $31,181 $248,612
2016 $2,978 $274,308 $30,570 $243,738
2015 $2,512 $231,000 $37,500 $193,500
2014 $2,249 $206,000 $37,500 $168,500
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathryn Knightsby

    Kathryn Knightsby Real Estate

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Map

Source: MetroList

MLS Number: 222003222

MetroList

APN: 037-29-62

California Stanislaus County Modesto 95351 West Modesto

731 Sunset Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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