NOT LISTED FOR SALE

Estimated Value: $685,758 - $742,000

8 Beds
4 Baths
2,800 Sq Ft
0.42 Acres

Last Sold March 18, 2022

Last sale price $645,000 $230 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,310/month

6 Days on Market

Highlights

  • No HOA
  • 4 Car Garage
  • Carpet
  • John H. Pitman High School Rated A-

About This Home

As of March 2022

Investors take a look! This residential income property features two duplexes adjacent to one another. 4 Units in total. Each are 2 Bedroom & 1 Full Bath, with their own garage, along with individual laundry hook ups. Entire property is nearly half of an acre! Nice, convenient location.

Last Agent to Sell the Property

Chris Angle

PMZ Commercial Real Estate License #02073341 Listed on: 02/01/2022

PMZ Commercial Real Estate

Last Buyer's Agent

Jing Tian

Century 21 Select Real Estate License #01946429

Century 21 Select Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1950

Lot Details

  • 0.42

Parking

  • 4 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum

Home Security

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 061-005-008-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Condominiums
  • Property Subtype 1: Quadruplex
  • Stories: 1
  • Year Built: 1950
  • Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Carpet, Linoleum
  • Price Per Square Foot: 222.41

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Foundation: SeeRemarks
  • Listing Price: 665000.00
  • Lot Features: Shape Regular
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Other
  • Utilities: Other
  • Cooling: Wall Unit(s)
  • Heating: See Remarks
  • Laundry Features: Washer/Dryer Hookups
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Turlock Unified

Lot Info

  • Zoning Description: R3
  • Irrigation: None
  • Lot Size Acres: 0.4170
  • Lot Size Sq Ft: 18165.00

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4
  • Number of Units: 4

Tax Info

  • Assessor Parcel Number: 061-005-008-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 10, 2022
Sold by
Parson and Kim
Bought by
Bowei Tan Living Trust
Seller's Agent
Chris Angle
PMZ Commercial Real Estate
Buyer's Agent
Jing Tian
Century 21 Select Real Estate
List Price
$665,000
Sold Price
$645,000
Premium/Discount to List
-$20,000
-3.01%
Current Estimated Value
$707,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,919
Avg. Annual Appreciation
2.48%
Original Mortgage
$483,750
Outstanding Balance
$387,664
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$320,255

Purchase Details

Closed on
Apr 4, 2008
Sold by
Wilson R Dean and Wilson Gayla E
Bought by
Schuerman Harold and Schuerman Althea

Purchase Details

Closed on
Dec 16, 2005
Sold by
Schuerman Harold and Schuerman Althea
Bought by
Wilson R Dean and Wilson Gayla E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.36%
Mortgage Type
Seller Take Back
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
Bowei Tan Living Trust $645,000 Pasion Title Services
Schuerman Harold $407,047 None Available
Wilson R Dean $500,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowei Tan Living Trust $483,750
Previous Owner Wilson R Dean $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2022 03/18/22 Sold $645,000 -3.0% $230 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $665,000 -- $238 / 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 $7,344 $684,478 $228,159 $456,319
2024 $7,208 $671,058 $223,686 $447,372
2023 $7,196 $657,900 $219,300 $438,600
2022 $3,005 $272,219 $47,339 $224,880
2021 $2,961 $266,882 $46,411 $220,471
2020 $2,940 $264,147 $45,936 $218,211
2019 $2,891 $258,969 $45,036 $213,933
2018 $2,889 $253,892 $44,153 $209,739
2017 $2,822 $248,915 $43,288 $205,627
2016 $2,635 $244,036 $42,440 $201,596
2015 $2,612 $240,371 $41,803 $198,568
2014 $2,586 $235,664 $40,985 $194,679
Source: Public Records

Agents Affiliated with this Home

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Source: MetroList

MLS Number: 222010493

MetroList

APN: 061-05-08