NOT LISTED FOR SALE

825 Colorado Ave Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $430,982 - $468,000

4 Beds
2 Baths
1,566 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 10, 2022

Last sale price $390,000 $249 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,717/month

5 Days on Market

Highlights

  • No HOA
  • Landscaped
  • 1-Story Property
  • Tile Flooring
  • Security Fence

About This Home

As of October 2022

This is a fantastic duplex investment opportunity at 825 Colorado Ave, Modesto. The property is being sold in parallel with two other neighboring duplexes (821 Colorado Ave and 905 Colorado Ave) and the owner is open to individual sales or a portfolio sale. Both units are 2-bedroom units with over 750 square feet of living space in each. The units feature carport parking, security fences, and washer/dryer hookups. Gross monthly income on the property is nearly $2,700 per month! With tenants paying all the utility charges with the exception of garbage, the operating expenses are minimal - putting more cash in your pocket each month.

Last Agent to Sell the Property

Andy Hodgson

Colliers Parrish Inten'l Inc. License #01796017 Listed on: 08/19/2022

Last Buyer's Agent

Brian Konrad

KW Central Valley License #01908081

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,662 Sq Ft Lot
  • Security Fence
  • Landscaped

Home Design

  • Duplex
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 037-043-034

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

5,662 Sq Ft Lot

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

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Raised
  • Listing Price: 415000.00
  • Lot Features: Landscape Front

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Security: Security Fence
  • Sewer: Public Sewer
  • Utilities: City
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: 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: None
  • Lot Size Acres: 0.1300
  • Lot Size Sq Ft: 5662.00

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: 037-043-034
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Sep 27, 2022
Sold by
Pedmead Lp
Bought by
Konrad Brian Timothy and Bryant Rena Lee
Seller's Agent
Andy Hodgson
Colliers Parrish Inten'l Inc.
Buyer's Agent
Brian Konrad
KW Central Valley
List Price
$415,000
Sold Price
$390,000
Premium/Discount to List
-$25,000
-6.02%
Views
32
Current Estimated Value
$446,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,327
Avg. Annual Appreciation
4.02%
Original Mortgage
$266,250
Outstanding Balance
$254,970
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$191,357

Purchase Details

Closed on
Nov 25, 2019
Sold by
Resh Ronald J and Reynolds Valarie L
Bought by
Pedmead Lp

Purchase Details

Closed on
Jan 28, 2019
Sold by
Pdemead Lp
Bought by
Resh Ronald J and Reynolds Valarie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2009
Sold by
Resh Ron and Reynolds Resh Valarie
Bought by
Pedmead Lp

Purchase Details

Closed on
Jun 9, 1995
Sold by
Miller Laverne F
Bought by
Branam Mary Helen and Garcia Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,294
Interest Rate
7.62%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Konrad Brian Timothy $390,000 Old Republic Title
Pedmead Lp -- Old Republic Title Company
Resh Ronald J -- Old Republic Title Co
Pedmead Lp -- Old Republic Title Company
Pedmead Lp -- None Available
Branam Mary Helen $79,500 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Konrad Brian Timothy $266,250
Previous Owner Resh Ronald J $154,000
Previous Owner Branam Mary Helen $79,294
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2022 10/10/22 Sold $390,000 -6.0% $249 / Sq Ft
08/24/2022 08/24/22 Pending -- -- --
08/19/2022 08/19/22 For Sale $415,000 -- $265 / Sq Ft
Source: MetroList

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 $4,745 $405,756 $176,868 $228,888
2024 $4,532 $397,800 $173,400 $224,400
2023 $4,466 $390,000 $170,000 $220,000
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

  • Andy Hodgson

    Seller's Agent in 2022

    Andy Hodgson

    Colliers Parrish Inten'l Inc.

    (209) 475-5110

    5 in this area

    54 Total Sales

    Andy Hodgson
    Section Image
  • Brian Konrad

    Buyer's Agent in 2022

    Brian Konrad

    KW Central Valley

    (209) 327-4083

    3 in this area

    82 Total Sales

    Brian Konrad
    Section Image
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Map

Source: MetroList

MLS Number: 222110434

MetroList

APN: 037-43-34

California Stanislaus County Modesto 95351 West Modesto

825 Colorado Ave, Modesto, CA

Not Listed for Sale

MultiFamily

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