NOT LISTED FOR SALE

818 2nd St Modesto, CA 95351

Downtown Modesto Neighborhood

Estimated Value: $464,000 - $493,245

5 Beds
2 Baths
1,874 Sq Ft
$254/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $460,000 $245 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,023/month

33 Days on Market

About This Home

As of March 2024

TRIPLEX OPPORTUNITY: UNIT 1 is 3 bed & 1 bath; UNIT 2 is 2 bed & 1 bath; UNIT 3 is 1-bed & 1 bath. Remarkable opportunity to live in the main house and rent the other two to help with mortgage payment. Yes, first time buyers can BUY this triplex with as little as 3.5% down payment.... GRAN OPORTUNIDAD DE COMPRAR ESTE TRIPLEX QUE TIENE 3 UNIDADES. PUEDES VIVIR EN UNA Y RECIBIR RENTA DE LAS OTRAS DOS. SI ERES COMPRADOR POR PRIMERA VEZ Y VAS A VIVIR EN UNA UNIDAD, PUEDES ENTRAR CON EL MINIMO DE ENGANCHE DEL 3.5%. APROVECHA ESTA GRAN OPORTUNIDAD!

Last Agent to Sell the Property

Lupe Silva

Guadalupe M Silva, Broker License #01298641 Listed on: 01/04/2024

Last Buyer's Agent

Alex Flores

Valley Capital Realty License #01831707

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,150

Year Built

  • 1920

Lot Details

  • 7,000 Sq Ft Lot

Parking

  • 10 Parking Spaces

Home Design

  • Triplex
  • Shingle Roof

Interior Spaces

  • 1,874 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Tile
  • Vinyl

Utilities

  • Central Air
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $43,000

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $1,200
  • Operating Expense $3,200
  • Gross Income $40,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,150

Year Built

1920

Lot Details

0

Listing Details

  • Zoning: MOD TND
  • Subclass: Triplex
  • Age: 104
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1874
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Living Sq Ft: 1874
  • Stories: 2
  • Flooring: Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Crawl Space
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: Drive Through

Utilities

  • Cooling System: Central Ac
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Modesto City High

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Rental Info

  • Gross Rent Multiplier: 10.70
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 3200
  • Income Annual Gross: 40850.00
  • Income Annual Rental: 43000
  • Income Gross Scheduled: 43000
  • Income Includes: Lease
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Mar 4, 2024
Sold by
Ruiz Frank
Bought by
Perez Jose Del Carmen C and Zambrano Doris Cristina
Seller's Agent
Lupe Silva
Guadalupe M Silva, Broker
Buyer's Agent
Alex Flores
Valley Capital Realty
List Price
$460,000
Sold Price
$460,000
Views
230
Current Estimated Value
$476,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,082
Avg. Annual Appreciation
2.65%
Original Mortgage
$345,000
Outstanding Balance
$340,913
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$136,859

Purchase Details

Closed on
Mar 13, 2023
Sold by
Renteria Melissa Ann
Bought by
Ruiz Frank

Purchase Details

Listed on
Oct 19, 2017
Closed on
Jan 11, 2018
Sold by
Dieker Rental Properties Llc
Bought by
Renteria Melissa Ann
Seller's Agent
April Dawson
PMZ Real Estate
Buyer's Agent
Guadalupe Silva
Guadalupe M Silva, Broker
List Price
$189,900
Sold Price
$186,000
Premium/Discount to List
-$3,900
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%

Purchase Details

Closed on
Jul 8, 2014
Sold by
Saeler Michael G and Dieker Sandra K
Bought by
Saeler Michael G and Mgs Trust

Purchase Details

Closed on
Aug 9, 2006
Sold by
Dieker Kenneth and Dieker Shari
Bought by
Dieker Rental Properties Llc

Purchase Details

Closed on
Nov 10, 2004
Sold by
Dieker Kenneth and Dieker Shari
Bought by
Dieker Kenneth and Dieker Shari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,500
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2001
Sold by
Dieker Sandy and Dieker Kenneth
Bought by
Dieker Sandy and Dieker Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2001
Sold by
Sharp Sharon L
Bought by
Dieker Sandy and Dieker Kenneth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 12, 1997
Sold by
Bright Gary E and Bright Betty J
Bought by
Sharp Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.22%
Mortgage Type
Seller Take Back
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
Perez Jose Del Carmen C $460,000 First American Title
Ruiz Frank -- --
Renteria Melissa Ann $186,000 Chicago Title Co
Saeler Michael G -- None Available
Saeler Michael G -- None Available
Dieker Rental Properties Llc -- None Available
Dieker Kenneth -- First American Title Co
Dieker Sandy -- Stewart Title
Dieker Sandy $100,000 Stewart Title
Sharp Sharon L $70,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Jose Del Carmen C $345,000
Previous Owner Dieker Kenneth $90,500
Previous Owner Dieker Sandy $75,000
Previous Owner Sharp Sharon L $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $460,000 0.0% $245 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/23/2024 01/23/24 For Sale $460,000 0.0% $245 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $460,000 +147.3% $245 / Sq Ft
01/12/2018 01/12/18 Sold $186,000 -2.1% $89 / Sq Ft
12/14/2017 12/14/17 Pending -- -- --
10/17/2017 10/17/17 For Sale $189,900 -- $90 / Sq Ft
Source: MLSListings

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 $5,150 $459,000 $173,400 $285,600
2023 $2,329 $203,414 $120,299 $83,115
2022 $2,273 $199,427 $117,941 $81,486
2021 $2,138 $195,518 $115,629 $79,889
2020 $2,180 $193,514 $114,444 $79,070
2019 $2,129 $189,720 $112,200 $77,520
2018 $1,443 $132,419 $29,128 $103,291
2017 $1,409 $129,823 $28,557 $101,266
2016 $1,382 $127,279 $27,998 $99,281
2015 $1,363 $125,368 $27,578 $97,790
2014 $1,228 $112,500 $37,500 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Lupe Silva

    Seller's Agent in 2024

    Lupe Silva

    Guadalupe M Silva, Broker

    (408) 839-9009

    1 in this area

    89 Total Sales

    Lupe Silva
    Section Image
  • Alex Flores

    Buyer's Agent in 2024

    Alex Flores

    Valley Capital Realty

    (408) 640-1354

    1 in this area

    43 Total Sales

    Alex Flores
    Section Image
  • April Dawson

    Seller's Agent in 2018

    April Dawson

    PMZ Real Estate

    (209) 402-1040

    42 Total Sales

    April Dawson
    Section Image

  • G

    Buyer's Agent in 2018

    Guadalupe Silva

    Guadalupe M Silva, Broker

See All Agents

Map

Source: MLSListings

MLS Number: ML81950637

MLSListings

APN: 104-25-12

California Stanislaus County Modesto 95351 Downtown Modesto

818 2nd St, Modesto, CA

This home is located at 818 2nd St, Modesto, CA 95351 since 04 January 2024 and is currently estimated at $476,082, approximately $254 per square foot. This property was built in 1920. 818 2nd St is a home located in Stanislaus County with nearby schools including Franklin Elementary School, Mark Twain Junior High School, and Modesto High School.

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