NOT LISTED FOR SALE

916 3rd St Modesto, CA 95351

Downtown Modesto Neighborhood

Estimated Value: $669,000 - $713,313

-- Bed
4 Baths
1,560 Sq Ft
$443/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $550,000 $353 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,191/month

2 Days on Market

Highlights

  • No HOA
  • Cottage
  • 1-Story Property

About This Home

As of December 2020

Older 8 studio units in 2 separate buildings. Good bones but room to improve. Most without air, some with stove and refrigerator, most with small electric wall heater. Landlord pays gas and electric.

Last Agent to Sell the Property

Fred Miller

RE/MAX Executive License #00554113 Listed on: 11/12/2020

RE/MAX Executive

Last Buyer's Agent

Sandy Wose

Realty1Team License #00572131

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 7,000

Parking

  • 1 Parking Space Included

Home Design

  • Cottage
  • Fixer Upper
  • Raised Foundation
  • Composition Roof

Additional Features

  • 1-Story Property
  • 7,000 Sq Ft Lot
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for rent only
  • Assessor Parcel Number 104-023-012-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 3 Leased Units
  • 5 Vacant Units
  • 8 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 1905
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Flooring: Wood,Linoleum/Vinyl

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: None
  • Foundation: Raised
  • Listing Price: 550000.00
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Parking Features: 1-Space Per Unit

Utilities

  • Utilities: Cable Available
  • Cooling: Ceiling Fan(s),See Remarks
  • Heating: Electric,See Remarks

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning Description: R-2
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000

Rental Info

  • Tenant Pays: Rent Only
  • Total # Leasable: 8

Multi Family

  • Income Includes: See Remarks
  • Existing Lease Type: See Remarks
  • Number of Leased Units: 3
  • Number of Month to Month Units: 8
  • Number of Units: 8
  • Number of Vacant Units: 5
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 104-023-012-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2020
Closed on
Dec 2, 2020
Sold by
Salomon Raymond M and The Salomon Revocable Living T
Bought by
Pedmead Lp
Seller's Agent
Fred Miller
RE/MAX Executive
Buyer's Agent
Sandy Wose
Realty1Team
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$691,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,157
Avg. Annual Appreciation
4.60%
Original Mortgage
$400,000
Outstanding Balance
$355,943
Interest Rate
2.8%
Mortgage Type
Construction
Estimated Equity
$335,214

Purchase Details

Closed on
Apr 29, 2003
Sold by
Salomon Raymond J and Salomon Kathryn
Bought by
Salomon Kathryn and Salomon Revocable 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
Pedmead Lp $550,000 North American Title Co Inc
Salomon Kathryn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedmead Lp $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $550,000 0.0% $353 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $550,000 -- $353 / 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 $6,962 $595,337 $54,121 $541,216
2024 $6,650 $583,664 $53,060 $530,604
2023 $6,552 $572,220 $52,020 $520,200
2022 $6,393 $561,000 $51,000 $510,000
2021 $6,013 $550,000 $50,000 $500,000
2020 $777 $69,000 $6,389 $62,611
2019 $759 $67,648 $6,264 $61,384
2018 $723 $66,323 $6,142 $60,181
2017 $706 $65,023 $6,022 $59,001
2016 $692 $63,749 $5,904 $57,845
2015 $683 $62,793 $5,816 $56,977
2014 $672 $61,564 $5,703 $55,861
Source: Public Records

Agents Affiliated with this Home

  • Fred Miller

    Seller's Agent in 2020

    Fred Miller

    RE/MAX

    (209) 606-9752

    3 in this area

    53 Total Sales

    Fred Miller
    Section Image
  • Sandy Wose

    Buyer's Agent in 2020

    Sandy Wose

    Realty1Team

    (209) 321-8308

    23 Total Sales

    Sandy Wose
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 20068304

MetroList

APN: 104-23-12

California Stanislaus County Modesto 95351 Downtown Modesto

916 3rd St, Modesto, CA

Not Listed for Sale

MultiFamily

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