NOT LISTED FOR SALE

929 Vermont Ave Turlock, CA 95380

Estimated Value: $54,000 - $3,380,559

12 Beds
12 Baths
5,548 Sq Ft
$189/Sq Ft Est. Value

Last Sold July 19, 2013

Last sale price $1,300,000 $234 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $5,809/month

198 Days on Market

Highlights

  • No HOA
  • Community Playground
  • Central Heating and Cooling System

About This Home

As of July 2013

13 3BR/2.5 baths Condo units with individual APNs for sale each 1387sf with own 2 car garage. 929-951 Vermont to be sold together. Net Operating income of $107,500.

Last Agent to Sell the Property

David Quinonez

PMZ Commercial Real Estate License #01853323 Listed on: 10/22/2012

PMZ Commercial Real Estate

Last Buyer's Agent

Harry Grewal

Magnum Realty & Investment License #01310884

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,845

Year Built

  • Built in 2008

Lot Details

  • 0.84

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Fire Sprinkler System

Additional Features

  • 0.84 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable tv electricity gas sewer water
  • Assessor Parcel Number 050-035-024

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 13 Units

Recreation

  • Community Playground

Building Details

  • 12 Leased Units
  • 1 Vacant Unit
  • Insurance Expense $5,000
  • Operating Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,845

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: 5 or More Units
  • Year Built: 2008
  • Architectural Style: Tract
  • Stories: 2
  • Number of Three Bedroom Units: 13
  • Special Features: 20
  • Property Sub Type: MultiFamily
  • Year Renovated: 2011

Interior Features

  • Appliances: Dishwasher,Free Standing Gas Range
  • Flooring: Carpet,Tile
  • Window Features: Dual Pane Full,Window Coverings

Exterior Features

  • Construction Materials: Stucco,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,None
  • Listing Price: 1450000.00
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Garage,Guest Parking Available

Utilities

  • Security: Fire Suppression System
  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: Playground
  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: CONDO
  • Lot Size Acres: 0.8379
  • Lot Dimensions: 100XXX
  • Lot Size Sq Ft: 36500

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Sewer,Water
  • Total # Leasable: 1

Multi Family

  • Gross Income: 139080
  • Operating Expense: 2400
  • Income Includes: Rent Only
  • Insurance Expense: 5000
  • Number of Leased Units: 12
  • Number of Units: 13
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 050-035-024
  • Current RE Taxes: 21845

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2012
Closed on
Jul 2, 2013
Sold by
Delta Bank National Association
Bought by
Stonebrae Investments Llc
Seller's Agent
David Quinonez
PMZ Commercial Real Estate
Buyer's Agent
Harry Grewal
Magnum Realty & Investment
List Price
$1,450,000
Sold Price
$1,300,000
Premium/Discount to List
-$150,000
-10.34%
Current Estimated Value
$1,047,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$252,360
Avg. Annual Appreciation
0.43%
Original Mortgage
$975,000
Outstanding Balance
$725,896
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$643,463

Purchase Details

Closed on
Dec 1, 2009
Sold by
Gerryland Investments Inc
Bought by
Delta National Bank and Delta Bank National Association

Purchase Details

Closed on
Feb 13, 2007
Sold by
Peter & Sons Investment Llc
Bought by
Gerryland Investments Inc

Purchase Details

Closed on
Jul 1, 2005
Sold by
Espinoza Gerry P
Bought by
Gerryland Investments Inc and Peter & Sons Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,850,000
Interest Rate
5.7%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 4, 2005
Sold by
Paradox Holdings West 1 Management Llc
Bought by
Espinoza Gerry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,500
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
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
Stonebrae Investments Llc $1,300,000 Chicago Title Company
Delta National Bank $2,400,421 None Available
Gerryland Investments Inc -- Placer Title Company
Gerryland Investments Inc -- Alliance Title Company
Espinoza Gerry P $430,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stonebrae Investments Llc $975,000
Previous Owner Gerryland Investments Inc $1,850,000
Previous Owner Espinoza Gerry P $279,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2013 07/19/13 Sold $1,300,000 -10.3% $234 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
10/22/2012 10/22/12 For Sale $1,450,000 -- $261 / 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 $1,332 $120,173 $30,041 $90,132
2023 $1,330 $117,817 $29,452 $88,365
2022 $1,313 $115,508 $28,875 $86,633
2021 $1,290 $113,244 $28,309 $84,935
2020 $1,281 $112,084 $28,019 $84,065
2019 $1,258 $109,887 $27,470 $82,417
2018 $1,257 $107,733 $26,932 $80,801
2017 $1,227 $105,621 $26,404 $79,217
2016 $1,147 $103,551 $25,887 $77,664
2015 $1,136 $101,997 $25,499 $76,498
2014 $1,125 $100,000 $25,000 $75,000
Source: Public Records

Agents Affiliated with this Home

  • David Quinonez

    Seller's Agent in 2013

    David Quinonez

    PMZ Commercial Real Estate

    (209) 614-5653

    11 Total Sales

    David Quinonez
    Section Image

  • H

    Buyer's Agent in 2013

    Harry Grewal

    Magnum Realty & Investment

See All Agents

Map

Source: MetroList

MLS Number: 12063971

MetroList

APN: 050-35-24

California Stanislaus County Turlock 95380

929 Vermont Ave, Turlock, CA

This home is located at 929 Vermont Ave, Turlock, CA 95380 since 22 October 2012 and is currently estimated at $1,047,640, approximately $188 per square foot. This property was built in 2008. 929 Vermont Ave is a home located in Stanislaus County with nearby schools including Wakefield Elementary School, Marvin A. Dutcher Middle School, and Turlock Junior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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