NOT LISTED FOR SALE

864 Wayside Dr Turlock, CA 95380

Estimated Value: $492,000

4 Beds
4 Baths
2,304 Sq Ft
$214/Sq Ft Est. Value

Last Sold October 03, 2018

Last sale price $440,000 $191 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,017/month

8 Days on Market

Highlights

  • No HOA
  • Central Air
  • 1-Story Property
  • Patio

About This Home

As of October 2018

Total of six (6) units consisting of five (5) one bedroom/one bath units (approx. 576 sf each) built in 1978 and one 716 sf two bedroom/one bath home built in 1946. All units have central air and comp roofs. Complex has strong rental history and is fully rented - all tenants are month-to-month. Current monthly gross income is $3,385/month and yields an estimated CAP rate of 4.81%.

Last Agent to Sell the Property

Marcus Theis

Theis Realty Group Inc. License #01404681 Listed on: 08/21/2018

Co-Listed By

Matt Theis

Theis Realty Group Inc. License #01978512

Last Buyer's Agent

Sam Singh

Excel Realty License #01856510

Excel Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 0.28

Home Design

  • Composition Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • 1 Parking Space Included

Additional Features

  • 1-Story Property
  • Patio
  • 0.28 Acre Lot
  • Central Air

Listing and Financial Details

  • Tenant pays for electricity gas
  • Assessor Parcel Number 042-018-028-000

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings

Building Details

  • 6 Leased Units
  • 6 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1946
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Electric Oven,Dishwasher,Disposal,Varies By Unit
  • Other Equipment: None
  • Flooring: Carpet,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Frame,Stucco,Wood
  • Disclosures/Documents: Rental/Lease Agmts,None
  • Listing Price: 450000.00
  • Patio And Porch Features: Uncovered Patio
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 6
  • Parking Features: 1 Space Per Unit
  • Total Parking Spaces: 6

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Central
  • Heating: Central,Other

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: High Density Residential
  • Lot Size Acres: 0.2789
  • Lot Size Sq Ft: 12149

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total # Leasable: 6

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 6
  • Number of Month to Month Units: 6
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 042-018-028-000

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2019
Sold by
Chailta Chamiran and Fred Shalita 2001 Trust
Bought by
David Yalda and David Vicky Lee
Current Estimated Value
$492,000

Purchase Details

Listed on
Aug 21, 2018
Closed on
Oct 1, 2018
Sold by
Brenda Group Lp
Bought by
Singh Sukhjinder and Singh Gurpreet
Seller's Agent
Marcus Theis
Theis Realty Group Inc.
Buyer's Agent
Sam Singh
Excel Realty
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.19%
Original Mortgage
$268,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 21, 2018
Closed on
Sep 28, 2018
Sold by
Kahlon Navdeep Kaur
Bought by
Singh Sukhjinder
Seller's Agent
Marcus Theis
Theis Realty Group Inc.
Buyer's Agent
Sam Singh
Excel Realty
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 23, 2012
Closed on
Jun 15, 2012
Sold by
Spcp Group Iv Llc
Bought by
Brenda Group Lp
Seller's Agent
Dee Dee Thomas
Sequoia Property Management
Buyer's Agent
Tracee Storms
PMZ Real Estate
List Price
$299,000
Sold Price
$235,000
Premium/Discount to List
-$64,000
-21.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$176,250
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 10, 2010
Sold by
Johnson Frank L and Johnson Michael Rene
Bought by
Spcp Group Iv Llc

Purchase Details

Closed on
Apr 26, 2007
Sold by
Johnson Monique Levell
Bought by
The Monique Levell Johnson Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2007
Sold by
Johnson Frank L and Johnson Michael Rene
Bought by
Johnson Frank L and Johnson Michael Rene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2006
Sold by
Johnson Frank L
Bought by
Johnson Frank L and Johnson Michael Renee

Purchase Details

Closed on
Mar 7, 2006
Sold by
Johnson Mattie Lee
Bought by
The 1998 Mattie Lee Johnson Living Trust
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
David Yalda $200,000 Stewart Title Of Ca Inc
Singh Sukhjinder $440,000 Stewart Title Of Modesto
Singh Gurpreet -- Stewart Title Of Modesto
Singh Sukhjinder -- Stewart Title Of Modesto
Brenda Group Lp $235,000 First American Title Company
Spcp Group Iv Llc $256,500 Old Republic Title Company
The Monique Levell Johnson Living Trust -- None Available
Johnson Frank L -- First American Title Co
Johnson Frank L -- None Available
The 1998 Mattie Lee Johnson Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Sukhjinder $268,000
Previous Owner Brenda Group Lp $176,250
Previous Owner Johnson Frank L $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2018 10/03/18 Sold $440,000 -2.2% $191 / Sq Ft
08/28/2018 08/28/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $450,000 +91.5% $195 / Sq Ft
06/29/2012 06/29/12 Sold $235,000 -21.4% $102 / Sq Ft View Prior Sale
05/23/2012 05/23/12 Pending -- -- --
01/23/2012 01/23/12 For Sale $299,000 -- $130 / 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 $5,269 $490,823 $81,430 $409,393
2024 $5,171 $481,200 $79,834 $401,366
2023 $5,163 $471,766 $78,269 $393,497
2022 $5,098 $462,517 $76,735 $385,782
2021 $5,023 $453,449 $75,231 $378,218
2020 $4,989 $448,800 $74,460 $374,340
2019 $4,905 $440,000 $73,000 $367,000
2018 $2,951 $259,413 $66,232 $193,181
2017 $2,883 $254,328 $64,934 $189,394
2016 $2,692 $249,342 $63,661 $185,681
2015 $2,668 $245,597 $62,705 $182,892
2014 $2,642 $240,787 $61,477 $179,310
Source: Public Records

Agents Affiliated with this Home

  • Marcus Theis

    Seller's Agent in 2018

    Marcus Theis

    Theis Realty Group Inc.

    (209) 499-8359

    119 Total Sales

    Marcus Theis
    Section Image
  • Matt Theis

    Seller Co-Listing Agent in 2018

    Matt Theis

    Theis Realty Group Inc.

    (209) 602-8578

    136 Total Sales

    Matt Theis
    Section Image

  • S

    Buyer's Agent in 2018

    Sam Singh

    Excel Realty

    (209) 613-2238

    24 Total Sales

    Sam Singh
    Section Image

  • D

    Seller's Agent in 2012

    Dee Dee Thomas

    Sequoia Property Management

  • John Lazar

    Seller Co-Listing Agent in 2012

    John Lazar

    Century 21 Select Real Estate

    (209) 667-6111

    115 Total Sales

    John Lazar
    Section Image

  • T

    Buyer's Agent in 2012

    Tracee Storms

    PMZ Real Estate

    (209) 535-3680

    70 Total Sales

    Tracee Storms
    Section Image
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Map

Source: MetroList

MLS Number: 18057529

MetroList

APN: 042-18-28

California Stanislaus County Turlock 95380

864 Wayside Dr, Turlock, CA

Not Listed for Sale

MultiFamily

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