NOT LISTED FOR SALE

902 Byron Ln Modesto, CA 95351

West Modesto Neighborhood

Estimated Value: $295,000 - $374,270

4 Beds
2 Baths
1,440 Sq Ft
$232/Sq Ft Est. Value

Last Sold December 08, 2016

Last sale price $194,000 $135 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,968/month

252 Days on Market

Highlights

  • No HOA
  • Refrigerated and Evaporative Cooling System
  • 1-Story Property

About This Home

As of December 2016

INVESTMENT OPPORTUNITY! Charming 1,440 sqft duplex with 2 bedrooms, 1 bathroom on each side. Kitchen and bathrooms nicely updated along with newer paint and flooring throughout. Selling at a cap rate of at least 8% with current market. Close to schools, stores, freeway, and public transportation. This is an outstanding cash flow opportunity well positioned for rent growth!

Last Agent to Sell the Property

Everard Visitacion

Azealty License #01474995 Listed on: 03/23/2016

Last Buyer's Agent

Robert Ortiz

HomeSmart PV & Associates License #01408206

HomeSmart PV & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,630

Year Built

  • Built in 1974

Lot Details

  • 7,200 Sq Ft Lot

Parking

  • 1 Parking Space Included

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Window Treatments

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Listing and Financial Details

  • Security Deposit $1,800
  • Tenant pays for electricity gas
  • Assessor Parcel Number 030-003-015

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Insurance Expense $707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,630

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Duplex
  • Year Built: 1974
  • Architectural Style: Ranch
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Electric Range,Free Standing Refrigerator
  • Flooring: Tile,Linoleum/Vinyl
  • Window Features: Window Coverings

Exterior Features

  • Construction Materials: Frame,Stone,Stucco
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 190000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: 1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Cooling: Evaporative Cooler
  • Heating: Wall Furnace

Condo/Co-op/Association

  • Association Features: Yard Space
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.1653
  • Lot Size Sq Ft: 7200

Rental Info

  • Tenant Pays: Electricity,Gas
  • Total Deposit: 1800
  • Total # Leasable: 2

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 707
  • Number of Leased Units: 2
  • Number of Units: 2
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 030-003-015
  • Current RE Taxes: 1630

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2016
Closed on
Nov 2, 2016
Sold by
Nguyen Alan
Bought by
Alvarado Vicente Gonzalez
Seller's Agent
Everard Visitacion
Azealty
Buyer's Agent
Robert Ortiz
HomeSmart PV & Associates
List Price
$200,000
Sold Price
$194,000
Premium/Discount to List
-$6,000
-3%
Current Estimated Value
$333,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,757
Avg. Annual Appreciation
6.18%
Original Mortgage
$145,500
Outstanding Balance
$116,683
Interest Rate
3.47%
Mortgage Type
Commercial
Estimated Equity
$217,074

Purchase Details

Listed on
Jul 17, 2014
Closed on
Dec 16, 2014
Sold by
Cavazos Henry and Cavazos Diana C
Bought by
Nguyen Alan
Seller's Agent
Bethany Mendoza
PMZ Real Estate
Buyer's Agent
Shannon McDonough
PMZ Real Estate
List Price
$105,000
Sold Price
$117,000
Premium/Discount to List
$12,000
11.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.43%

Purchase Details

Closed on
Mar 13, 2001
Sold by
Boyer Gaylord B and Boyer Ruth
Bought by
Cavazos Henry and Cavazos Diana C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
7.11%
Mortgage Type
Commercial
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
Alvarado Vicente Gonzalez $194,000 Chicago Title Company
Nguyen Alan $117,000 Old Republic Title Company
Cavazos Henry $100,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Vicente Gonzalez $145,500
Previous Owner Cavazos Henry $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/08/2016 12/08/16 Sold $194,000 -3.0% $135 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $200,000 +70.9% $139 / Sq Ft
12/23/2014 12/23/14 Sold $117,000 +11.4% $81 / Sq Ft View Prior Sale
11/17/2014 11/17/14 Pending -- -- --
07/17/2014 07/17/14 For Sale $105,000 -- $73 / 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 $2,633 $225,147 $46,420 $178,727
2024 $2,515 $220,733 $45,510 $175,223
2023 $2,478 $216,406 $44,618 $171,788
2022 $2,418 $212,164 $43,744 $168,420
2021 $2,274 $208,005 $42,887 $165,118
2020 $2,319 $205,873 $42,448 $163,425
2019 $2,265 $201,837 $41,616 $160,221
2018 $2,157 $197,880 $40,800 $157,080
2017 $2,105 $194,000 $40,000 $154,000
2016 $1,653 $152,287 $37,564 $114,723
2015 $1,631 $150,000 $37,000 $113,000
2014 $1,228 $112,500 $37,500 $75,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Everard Visitacion

    Azealty

    Section Image

  • R

    Buyer's Agent in 2016

    Robert Ortiz

    HomeSmart PV & Associates

    Section Image
  • Bethany Mendoza

    Seller's Agent in 2014

    Bethany Mendoza

    PMZ Real Estate

    (209) 505-2758

    10 in this area

    301 Total Sales

    Bethany Mendoza
    Section Image
  • Tony Mendoza

    Seller Co-Listing Agent in 2014

    Tony Mendoza

    PMZ Real Estate

    (209) 505-2871

    7 in this area

    156 Total Sales

    Tony Mendoza
    Section Image

  • S

    Buyer's Agent in 2014

    Shannon McDonough

    PMZ Real Estate

See All Agents

Map

Source: MetroList

MLS Number: 16016450

MetroList

APN: 030-03-15

California Stanislaus County Modesto 95351 West Modesto

902 Byron Ln, Modesto, CA

Not Listed for Sale

MultiFamily

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