NOT LISTED FOR SALE

Estimated Value: $415,000 - $470,000

2 Beds
1 Bath
783 Sq Ft
$559/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $400,000 $511 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,741/month

40 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • 4 Car Garage
  • No HOA
  • Landscaped
  • Security Fence

About This Home

As of May 2023

Great investment opportunity on this Middlecoff & Colorado Duplex in Modesto. The unit mix and amenities ensure your units will stay full and yield the best rents. Each of the two units offer 2 bed, 1 bath, detached garage, private yards, and washer/dryer hookups. Both residents are long term and would like to stay. However, leases are month-to-month and it could be a great opportunity to owner occupy as well!

Last Agent to Sell the Property

Jacob Friedrich

Cosol Commercial Real Estate License #02017662 Listed on: 03/16/2023

Last Buyer's Agent

Rafael Ordoonez

EXIT Realty Consultants License #02098637

EXIT Realty Consultants

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,970 Sq Ft Lot
  • Security Fence
  • Landscaped
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Raised Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 1-Story Property

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 037-043-031

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 1950

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1950
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Laminate
  • Price Per Square Foot: 255.43

Exterior Features

  • Construction Materials: Brick, Stucco, Frame, Wood
  • Foundation: Raised
  • Listing Price: 425000.00
  • Lot Features: Corner, Curb(s), Curbs/Gutters, Landscape Front

Garage/Parking

  • Parking Features: Detached, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Security Fence
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Irrigation: Meter on Site
  • Lot Size Acres: 0.1600
  • Lot Size Sq Ft: 6970.00
  • ResoLotSizeUnits: Acres

Rental Info

  • 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

Tax Info

  • Assessor Parcel Number: 037-043-031
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2024
Sold by
Ordonez Rafael and Macias Tomacita Avelar
Bought by
Ordonez Rafael
Current Estimated Value
$445,718

Purchase Details

Listed on
Mar 16, 2023
Closed on
May 25, 2023
Sold by
Pedmead Lp
Bought by
Ordonez Rafael and Macias Tomacita Avelar
Seller's Agent
Jacob Friedrich
Cosol Commercial Real Estate
Buyer's Agent
Rafael Ordoonez
EXIT Realty Consultants
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%
Original Mortgage
$392,755
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2012
Sold by
Resh Ron and Reynolds Resh Valarie
Bought by
Pedmead Lp

Purchase Details

Closed on
May 1, 2012
Sold by
Resh Ron and Reynolds Resh Valarie
Bought by
Pedmead Lp

Purchase Details

Closed on
Feb 10, 2012
Sold by
Pedmead Lp
Bought by
Resh Ron and Reynolds Resh Valarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,952
Interest Rate
3.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2009
Sold by
Resh Ron and Reynolds Resh Valarie
Bought by
Pedmead Lp
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
Ordonez Rafael -- None Listed On Document
Ordonez Rafael $400,000 First American Title
Ordonez Rafael -- First American Title
Macias Tomacita Avelar -- First American Title
Pedmead Lp -- None Available
Pedmead Lp -- None Available
Resh Ron -- Chicago Title
Pedmead Lp -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macias Tomacita Avelar $392,755
Previous Owner Resh Ron $75,952
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $400,000 -5.9% $511 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
03/16/2023 03/16/23 For Sale $425,000 -- $543 / 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 $4,867 $416,160 $176,868 $239,292
2024 $4,649 $408,000 $173,400 $234,600
2023 $1,652 $144,277 $39,674 $104,603
2022 $1,612 $141,449 $38,897 $102,552
2021 $1,516 $138,677 $38,135 $100,542
2020 $1,546 $137,256 $37,744 $99,512
2019 $831 $74,049 $23,139 $50,910
2018 $791 $72,598 $22,686 $49,912
2017 $772 $71,176 $22,242 $48,934
2016 $758 $69,781 $21,806 $47,975
2015 $747 $68,734 $21,479 $47,255
2014 $736 $67,389 $21,059 $46,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 223021364

MetroList

APN: 037-43-31