NOT LISTED FOR SALE

Estimated Value: $720,330

4 Beds
4 Baths
2,000 Sq Ft
$360/Sq Ft Est. Value

Last Sold June 14, 2024

Last sale price $725,000 $362 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,495/month

8 Days on Market

Highlights

  • No HOA
  • Wood Siding
  • 1-Story Property
  • Cottage
  • Carpet

About This Home

As of June 2024

Investors! Do not miss your opportunity to own in one of Modesto's most sought after communities, the College Neighborhood. These charming stand alone 1BR/1BA Cottages are nestled in an upscale residential area walking distance to downtown restaurants, arts and entertainment and wonderful parks and recreation. Each unit is an identical floor plan with a sunny living room, breakfast nook, spacious kitchen and bedroom with attached bathroom. The backdoor opens to a backyard space that could easily be private for each cottage and there is plenty of off-street parking for everyone. Cottage #2 has been beautifully updated and truly shows you the potential of this property. Whether you use it as a traveling nurse rental or an Air B-n-B, your potential CAP rate is outstanding! Be sure to check these out quickly!

Last Agent to Sell the Property

Meredith Brandsma

PMZ Real Estate License #01721918 Listed on: 05/15/2024

PMZ Real Estate

Last Buyer's Agent

Rachel Galvin Jones

Touchdown Properties License #01078957

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 7,841

Home Design

  • Quadruplex
  • Cottage
  • Composition Roof
  • Wood Siding
  • Stucco

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • 4 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Wall Furnace
  • Separate Meters

Additional Features

  • 1-Story Property
  • 7,841 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 113-008-012

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Subtype Description: Apartments
  • Property Subtype 1: Quadruplex
  • Year Built: 1972
  • Architectural Style: Cottage
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Number Of1 Bedrooms Occupied: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Vinyl, Linoleum

Exterior Features

  • Construction Materials: Stucco, Wood, Wood Siding
  • Disclosures/Documents: Estoppel Certificate
  • Foundation: Other
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 750000.00
  • Lot Features: Shape Regular
  • New Construction: No
  • Pool: No
  • Property Condition: Varies by Unit
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Open Parking Spaces: 4.00
  • Parking Features: Off Street, Open, Street, Uncovered
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Other
  • Utilities: City, Electric
  • Cooling: Ductless, Window Unit(s), Varies by Unit
  • Heating: Ductless, Wall Furnace, Varies by Unit
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Water Source: Meter on Site
  • Separate Meters: Electricity, Gas

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: 4-9 income
  • Irrigation: None
  • Lot Size Acres: 0.1800
  • Lot Size Sq Ft: 7841.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water
  • Lease Expiration Date: 1800-01-011800-01-01
  • Lease Type: Net

Multi Family

  • Income Includes: ["Other"]
  • Number of Leased Units: 2
  • Number of Month to Month Units: 2
  • Number of Units: 4
  • Number of Vacant Units: 2

Tax Info

  • Assessor Parcel Number: 113-008-012
  • Bonds/Assessments/Taxes Description: Local Assessments
  • Bonds/Assessments/Taxes: Yes

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2025
Sold by
Degroot Derek Ryan Costa and Bomnara Yoo
Bought by
Degroot 2025 Living Trust and Degroot
Current Estimated Value
$720,330

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 6, 2024
Sold by
Mcmurray Madsen 2016 Revocable Trust and Mcmurray Kelly M
Bought by
Degroot Derek Ryan Costa and Degroot Bomnara Yoo
Seller's Agent
Meredith Brandsma
PMZ Real Estate
Buyer's Agent
Rachel Galvin Jones
Touchdown Properties
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Views
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
-0.42%
Original Mortgage
$533,250
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 8, 2021
Sold by
Contreras Carlos and Contreras Rosemary
Bought by
Mcmurray Kelly M and Madsen Alicia A
Seller's Agent
Mary Salazar-Barrera
HomeSmart PV & Associates
Buyer's Agent
Meredith Brandsma
PMZ Real Estate
List Price
$550,000
Sold Price
$565,000
Premium/Discount to List
$15,000
2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$423,750
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2006
Sold by
Enlow Marilyn R and Diller Robert J
Bought by
Contreras Carlos and Contreras Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
6.51%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Degroot 2025 Living Trust -- None Listed On Document
Degroot Derek Ryan Costa -- None Listed On Document
Degroot Derek Ryan Costa $725,000 First American Title
Mcmurray Kelly M $565,000 Cypress Title Corporation
Contreras Carlos $365,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Degroot Derek Ryan Costa $533,250
Previous Owner Mcmurray Kelly M $423,750
Previous Owner Contreras Carlos $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/14/2024 06/14/24 Sold $725,000 -3.3% $363 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $750,000 +32.7% $375 / Sq Ft
03/12/2021 03/12/21 Sold $565,000 +2.7% $272 / Sq Ft View Prior Sale
02/10/2021 02/10/21 For Sale $550,000 -- $264 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
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 $8,648 $739,500 $219,300 $520,200
2024 $6,832 $599,581 $84,896 $514,685
2023 $6,731 $587,826 $83,232 $504,594
2022 $6,568 $576,300 $81,600 $494,700
2021 $4,444 $406,500 $76,000 $330,500
2020 $4,579 $406,500 $76,000 $330,500
2019 $4,562 $406,500 $76,000 $330,500
2018 $4,430 $406,500 $76,000 $330,500
2017 $4,009 $369,500 $69,000 $300,500
2016 $3,648 $336,000 $62,500 $273,500
2015 $3,044 $280,000 $62,500 $217,500
2014 $2,730 $250,000 $62,500 $187,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 224051572

MetroList

APN: 113-08-12