NOT LISTED FOR SALE

801 Mae St Turlock, CA 95380

Estimated Value: $793,522 - $947,000

3 Beds
3 Baths
1,861 Sq Ft
$468/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $750,000 $403 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,405/month

39 Days on Market

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • Carpet
  • No HOA
  • 2 Car Garage

About This Home

As of August 2022

We're pleased to present an attractive multifamily investment opportunity located at 801 Mae St, 1000 & 1002 South Avenue in Turlock. The triplex property has a one freestanding unit (801 Mae St) and one attached unit (1000 & 1002 South Ave). Each unit is a spacious 3x2.5 two story townhome unit with washer dryer hookups, private garage and fenced backyard. The buildings were built by the current owner in 1995 and total 4,985 total rentable square feet, situated on a single 11,761 SF parcel (APN: 050-007-052). The Mae Street and South Avenue Triplex offers a new owner with a less than 30 year old building that has been very well maintained, has 30% upside in rents and is located in a very tight rental market. Current rents are $1,400 (801 Mae), $1425 (1000 South) and $1400 (1002 South) for a total monthly gross of $4,225. Landlord pays W/S/G for 1000 and 1002 South while Tenant pays all utilities at 801 Mae St.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 06/02/2022

Last Buyer's Agent

Susanna Perez

RE/MAX Executive License #01870329

RE/MAX Executive

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,215

Year Built

  • Built in 1995

Lot Details

  • 0.27

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 2-Story Property
  • Laundry in unit

Flooring

  • Carpet
  • Vinyl

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 050-007-52

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • Insurance Expense $1,136
  • Maintenance Expense $1,357

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,215

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Townhouses
  • Property Subtype 1: Triplex
  • Stories: 2
  • Year Built: 1995
  • Stories: 2
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 150.45

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Slab
  • Listing Price: 775000.00
  • Lot Features: Corner

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 2.00

Utilities

  • Security: Other
  • Sewer: Sewer Connected
  • Utilities: Other
  • Cooling: Central
  • Heating: Central
  • Laundry Features: In Each Unit
  • Water Source: Public
  • Utilities Expenses: 3792

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: RM - Residential Medium Density
  • Irrigation: Other
  • Lot Size Acres: 0.2700
  • Lot Size Sq Ft: 11761.00

Rental Info

  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1136
  • Maintenance Expense: 1357
  • Number of Leased Units: 3
  • Number of Units: 3

Tax Info

  • Assessor Parcel Number: 050-007-52
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2022
Sold by
Rodriguez Balbina
Bought by
Cesar Rubio And Balbina Rodriguez Living Trus
Current Estimated Value
$862,017

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 19, 2022
Sold by
John A Goulart And Connie Goulart Living
Bought by
Rodriguez Balbina and Diaz Karina
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Susanna Perez
RE/MAX Executive
List Price
$850,000
Sold Price
$750,000
Premium/Discount to List
-$100,000
-11.76%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$427,000
Interest Rate
5.51%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Cesar Rubio And Balbina Rodriguez Living Trus -- --
Rodriguez Balbina $750,000 Old Republic Title
Rodriguez Balbina -- New Title Company Name
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Balbina $427,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $750,000 -3.2% $403 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/29/2022 06/29/22 Price Changed $775,000 -8.8% $416 / Sq Ft
06/02/2022 06/02/22 For Sale $850,000 -- $457 / 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 $8,215 $765,000 $219,300 $545,700
2023 $8,202 $750,000 $215,000 $535,000
2022 $3,762 $341,000 $53,500 $287,500
2021 $3,780 $341,000 $53,500 $287,500
2020 $3,793 $341,000 $53,500 $287,500
2019 $3,804 $341,000 $53,500 $287,500
2018 $3,876 $341,000 $53,500 $287,500
2017 $3,511 $310,000 $48,500 $261,500
2016 $3,043 $282,000 $44,000 $238,000
2015 $2,559 $235,500 $44,000 $191,500
2014 $2,305 $210,000 $44,000 $166,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 222072657

MetroList

APN: 050-07-52