NOT LISTED FOR SALE

Estimated Value: $388,000 - $587,239

6 Beds
2 Baths
2,340 Sq Ft
$220/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $560,000 $239 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $3,056/month

11 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Ceiling Fan

About This Home

As of May 2024

Rare opportunity to own this Modesto duplex. Each unit has performing renters on a month to month lease and offers about 1100 Sq Ft of living area. 3 Bedrooms and 1 Full bath per unit. Rehabbed less than 2 years ago with new paint, floors, plumbing, windows, kitchens and baths. It offer a car port as well as indoor laundry room in each unit. The best feature is the oversized lot with the possibility of adding additional units or more. You must come see this gem.

Last Agent to Sell the Property

Stephen Adams

HomeSmart PV & Associates License #02025997 Listed on: 03/23/2024

HomeSmart PV & Associates

Last Buyer's Agent

Mike Pappas

Realty ONE Group Zoom License #01272062

Realty ONE Group Zoom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,341

Year Built

  • Built in 1945 | Remodeled

Lot Details

  • 10,315 Sq Ft Lot

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Free-Standing Gas Range

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 038-008-036-000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Units Leased Month-To-Month
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,341

Year Built

Built in 1945 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Duplex
  • Year Built: 1945
  • Levels: One
  • Stories: 1
  • Number of Three Bedroom Units: 2
  • ResoPropertyType: ResidentialIncome
  • Number Of3 Bedrooms Occupied: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range
  • Flooring: Tile, Laminate
  • Price Per Square Foot: 239.32
  • Square Footage: 2340.00

Exterior Features

  • Construction Materials: Stucco
  • Foundation: Pillar/Post/Pier, Raised
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 550000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Covered Parking Spaces: 2.00
  • Parking Features: Carport
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: Septic Connected
  • Utilities: Natural Gas Connected, City, Electric
  • Cooling: Ceiling Fan(s), Central
  • Heating: Central
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: Unkown
  • Irrigation: None
  • Lot Size Acres: 0.2368
  • Lot Size Sq Ft: 10315.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Rent Only"]
  • Total Number Leasable: 2
  • Total Number Section8: 1
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 038-008-036-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2024
Closed on
Apr 26, 2024
Sold by
Mcelhenie Joe
Bought by
Cisneros Patrick Daniel
Seller's Agent
Stephen Adams
HomeSmart PV & Associates
Buyer's Agent
Mike Pappas
Realty ONE Group Zoom
List Price
$550,000
Sold Price
$560,000
Premium/Discount to List
$10,000
1.82%
Views
65
Current Estimated Value
$513,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,254
Avg. Annual Appreciation
-4.94%
Original Mortgage
$420,000
Outstanding Balance
$414,484
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$108,223

Purchase Details

Listed on
Apr 28, 2020
Closed on
Aug 12, 2020
Sold by
Swisher Elaine
Bought by
Mcelhenie Joe
Seller's Agent
Daniel Akulow
Access Real Estate
Buyer's Agent
Stephen Adams
HomeSmart PV & Associates
List Price
$270,000
Sold Price
$263,000
Premium/Discount to List
-$7,000
-2.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.87%
Original Mortgage
$258,236
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 27, 1995
Sold by
Resh Ron and Reynolds Resh Valarie
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
$92,800
Interest Rate
9.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1995
Sold by
Reynolds Resh Ron and Reynolds Resh Valarie
Bought by
Swisher Elaine and Swisher Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,800
Interest Rate
9.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Cisneros Patrick Daniel $560,000 Socal Title Company
Mcelhenie Joe $263,000 North American Title Co Inc
Resh Ron -- First American Title Co
Swisher Elaine $116,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cisneros Patrick Daniel $420,000
Previous Owner Mcelhenie Joe $332,500
Previous Owner Mcelhenie Joe $258,236
Previous Owner Swisher Elaine $92,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $560,000 +1.8% $239 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
03/23/2024 03/23/24 For Sale $550,000 +109.1% $235 / Sq Ft
09/30/2020 09/30/20 Off Market $263,000 -- --
08/31/2020 08/31/20 Sold $263,000 -2.6% $111 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
04/28/2020 04/28/20 For Sale $270,000 -- $114 / 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 $3,341 $279,097 $53,060 $226,037
2023 $3,294 $273,625 $52,020 $221,605
2022 $3,218 $268,260 $51,000 $217,260
2021 $3,037 $263,000 $50,000 $213,000
2020 $2,168 $178,147 $53,747 $124,400
2019 $2,121 $174,655 $52,694 $121,961
2018 $2,027 $171,231 $51,661 $119,570
2017 $1,881 $158,500 $41,000 $117,500
2016 $1,724 $144,000 $37,500 $106,500
2015 $1,462 $120,000 $37,500 $82,500
2014 $1,331 $107,500 $37,500 $70,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224029334

MetroList

APN: 038-08-36