NOT LISTED FOR SALE

Estimated Value: $332,000 - $400,000

6 Beds
4 Baths
1,964 Sq Ft
$181/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $183,000 $93 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,055/month

5 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Double Pane Windows
  • 2 Car Garage
  • 5-minute walk to Oregon Park

About This Home

As of December 2016

Best priced duplex with 3bds, 2bths per unit. Bonus... central air/heat & a 1-car gar/unit. Not enough... also with new ext paint, some dual pane windows & decent yard space. Rare find at this price for a duplex. What's the catch... parts of interior need repair & paint & entry level area. Now, rents are low, once you make those improvements you can increase to around $900/each. Solid units built in 1989 & at this price, it is the best Return On Investment(ROI) I've seen in a while.

Last Agent to Sell the Property

Victor Barraza

PMZ Real Estate License #01044484 Listed on: 11/16/2016

PMZ Real Estate

Last Buyer's Agent

Victor Barraza

PMZ Real Estate License #01044484 Listed on: 11/16/2016

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 8,000 Sq Ft Lot

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 035-044-034-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1989
  • Accessibility Features: 0
  • Architectural Style: Ranch
  • Stories: 1
  • Number of Three Bedroom Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2016

Interior Features

  • Appliances: Free Standing Gas Oven,Free Standing Gas Range
  • Flooring: Carpet,Tile
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Lap Siding,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,See Remarks
  • Listing Price: 189900.00
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Smoke Detector
  • Utilities: Cable Available
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.1837
  • Lot Dimensions: 50x160
  • Lot Size Sq Ft: 8000

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 035-044-034-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2016
Closed on
Nov 28, 2016
Sold by
Arroyo Argel C
Bought by
T I S I Sangam Religious & Cultural Inc
Seller's Agent
Victor Barraza
PMZ Real Estate
Buyer's Agent
Victor Barraza
PMZ Real Estate
List Price
$189,900
Sold Price
$183,000
Premium/Discount to List
-$6,900
-3.63%
Current Estimated Value
$355,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,722
Avg. Annual Appreciation
7.53%

Purchase Details

Closed on
Oct 19, 1995
Sold by
Glendale Federal Bank
Bought by
Arroyo Argel C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 1995
Sold by
Singh Jagar and Singh Renny
Bought by
Glendale Federal Bank
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
T I S I Sangam Religious & Cultural Inc $183,000 Cypress Title Corporation
Arroyo Argel C $70,000 Chicago Title Co
Glendale Federal Bank $110,888 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arroyo Argel C $56,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2016 12/02/16 Sold $183,000 -3.6% $93 / Sq Ft
11/21/2016 11/21/16 Pending -- -- --
11/16/2016 11/16/16 For Sale $189,900 -- $97 / 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 $2,484 $212,381 $34,815 $177,566
2024 $2,372 $208,218 $34,133 $174,085
2023 $2,337 $204,136 $33,464 $170,672
2022 $2,281 $200,134 $32,808 $167,326
2021 $2,145 $196,211 $32,165 $164,046
2020 $2,187 $194,200 $31,836 $162,364
2019 $2,137 $190,393 $31,212 $159,181
2018 $2,034 $186,660 $30,600 $156,060
2017 $1,986 $183,000 $30,000 $153,000
2016 $1,066 $98,223 $35,077 $63,146
2015 $1,052 $96,749 $34,551 $62,198
2014 $1,036 $94,855 $33,875 $60,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16073010

MetroList

APN: 035-44-34