NOT LISTED FOR SALE

1002 Padre Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $794,000 - $994,000

3 Beds
3 Baths
1,636 Sq Ft
$550/Sq Ft Est. Value

Last Sold September 20, 2024

Last sale price $885,000 $541 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,315/month

2 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Tankless Water Heater
  • Granite Countertops
  • Double Pane Windows
  • Washer and Dryer

About This Home

As of September 2024

Great Duplex for in-law situation with ramp to front door on 1BR side. Both beautifully updated with high end finishes. Both have inside laundry, tankless water heaters and 1 car garages. 1002 Padre has 806sf with 2BR 2BA side with hardwood floors in living room, tile floor in kitchen and baths both with granite counters. 101 Orange has 830sf and has large living with really cool ceiling design open to kitchen with it's own eating area and large laundry room with door to back patio and garage access. Great South Salinas location close to shopping and schools.

Last Agent to Sell the Property

Dean Provence

Sotheby’s International Realty License #00833476 Listed on: 09/06/2024

Last Buyer's Agent

Dean Provence

Sotheby’s International Realty License #00833476 Listed on: 09/06/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 6,499 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • On-Street Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Low Flow Toliet
  • 1,636 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

  • Heating Available
  • Vented Exhaust Fan
  • Tankless Water Heater

Listing and Financial Details

  • Total Actual Rent $51,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $150
  • Insurance Expense $1,000
  • Utility Expense $1,000
  • Trash Expense $1,000
  • Operating Expense $10,284
  • Gross Income $49,020

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1636
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1636
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Auto
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage, Gate / Door Opener, On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet, Tankless Water Heater

Rental Info

  • Gross Rent Multiplier: 18.39
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 150
  • Expenses Total: 10284
  • Expenses Utility: 1000
  • Expense Trash: 1000
  • Income Annual Gross: 49020.00
  • Income Annual Rental: 51600
  • Income Gross Scheduled: 51600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Sep 16, 2024
Sold by
Geir Fjugstad Trust and Fjugstad Geir
Bought by
Sammut Justin James
Seller's Agent
Dean Provence
Sotheby’s International Realty
Buyer's Agent
Dean Provence
Sotheby’s International Realty
List Price
$849,000
Sold Price
$885,000
Premium/Discount to List
$36,000
4.24%
Views
13
Current Estimated Value
$899,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,604
Avg. Annual Appreciation
1.28%

Purchase Details

Closed on
Apr 10, 2018
Sold by
Jugstad Geir F
Bought by
Jugstad Geir F and Geir F Jugstad Trust

Purchase Details

Closed on
Mar 3, 2017
Sold by
Dela Rosa Lisa A
Bought by
Fjugstad Geir

Purchase Details

Closed on
May 31, 2004
Sold by
Harrod Kevin and Moranda Venessa
Bought by
Delarosa Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,200
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2003
Sold by
Moranda Brooke
Bought by
Moranda Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2002
Sold by
Hackett Michael L and Hackett Sylvia
Bought by
Harrod Kevin and Moranda Venessa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
5.99%

Purchase Details

Closed on
Sep 16, 1999
Sold by
Peterson Patricia
Bought by
Hackett Michael L and Hackett Sylvia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
8.09%
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
Sammut Justin James $885,000 Chicago Title
Jugstad Geir F -- None Available
Fjugstad Geir $555,000 First American Title Company
Delarosa Lisa A $589,000 First American Title
Moranda Marshall -- Stewart Title
Harrod Kevin $410,000 Chicago Title Co
Hackett Michael L $225,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delarosa Lisa A $471,200
Previous Owner Moranda Marshall $375,000
Previous Owner Harrod Kevin $328,000
Previous Owner Hackett Michael L $157,500
Closed Harrod Kevin $41,000
Closed Moranda Marshall $99,000
Closed Delarosa Lisa A $88,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2024 09/20/24 Sold $885,000 -6.7% $541 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
09/06/2024 09/06/24 Price Changed $949,000 +11.8% $580 / Sq Ft
09/06/2024 09/06/24 For Sale $849,000 -- $519 / Sq Ft
Source: MLSListings

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 $7,383 $885,000 $415,000 $470,000
2024 $7,383 $885,000 $415,000 $470,000
2023 $7,134 $619,108 $345,809 $273,299
2022 $6,867 $606,970 $339,029 $267,941
2021 $6,597 $595,070 $332,382 $262,688
2020 $6,414 $588,969 $328,974 $259,995
2019 $6,371 $577,422 $322,524 $254,898
2018 $6,290 $566,100 $316,200 $249,900
2017 $6,295 $555,000 $200,000 $355,000
2016 $4,012 $345,000 $150,000 $195,000
2015 $4,108 $345,000 $150,000 $195,000
2014 $3,797 $335,000 $100,000 $235,000
Source: Public Records

Agents Affiliated with this Home

  • Dean Provence

    Seller's Agent in 2024

    Dean Provence

    Sotheby’s International Realty

    (831) 277-8622

    1 in this area

    77 Total Sales

    Dean Provence
    Section Image
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Map

Source: MLSListings

MLS Number: ML81979392

MLSListings

APN: 002-597-012-000

California Monterey County Salinas 93901 South Salinas

1002 Padre Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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