NOT LISTED FOR SALE

1030 Elm Ave Seaside, CA 93955

Estimated Value: $604,108 - $902,000

3 Beds
2 Baths
1,304 Sq Ft
$596/Sq Ft Est. Value

Last Sold January 09, 2015

Last sale price $350,000 $268 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $4,650/month

2 Days on Market

Highlights

  • Deck
  • Neighborhood Views
  • 1-Story Property
  • Wood Flooring
  • Washer and Dryer

About This Home

As of January 2015

2 Homes 1 Lot, Legal duplex, off street parking. Front house is 2 bed 1 bath sweet little house needs some TLC or updating. Rear house is newer, nicely finished 1 bed 1 bath with wood floors and vaulted ceiling. Nice little investment property.

Last Agent to Sell the Property

Trish Sohle

Shankle Real Estate License #01134431 Listed on: 11/10/2014

Shankle Real Estate

Last Buyer's Agent

Trish Sohle

Shankle Real Estate License #01134431 Listed on: 11/10/2014

Shankle Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,328

Year Built

  • 1949

Lot Details

  • 5,793

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 1,304 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Washer and Dryer

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Lot Sloped Up

Listing and Financial Details

  • Total Actual Rent $28,800

Community Details

Overview

  • 2 Units
  • 1,304 Sq Ft Building

Building Details

  • Operating Expense $3,216
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,328

Year Built

1949

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 65
  • Inspections Reports: Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1304
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1304
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units, In Some Units
  • Flooring: Tile, Carpet - Wall To Wall, Wood

Exterior Features

  • Roof: Tar And Gravel, Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5800.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5800.00
  • Lot Size Area Min Search: 5800.00
  • Maximum Lot Size: 5800.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.48

Multi Family

  • Expenses Total: 3216
  • Income Annual Gross: 28800.00
  • Income Annual Rental: 28800
  • Income Gross Scheduled: 28800
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 10, 2014
Closed on
Jan 5, 2015
Sold by
1030 Elm Avenue Llc
Bought by
Melendez Miguel
Seller's Agent
Trish Sohle
Shankle Real Estate
Buyer's Agent
Trish Sohle
Shankle Real Estate
List Price
$359,500
Sold Price
$350,000
Premium/Discount to List
-$9,500
-2.64%
Current Estimated Value
$777,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,777
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Sep 6, 2011
Sold by
Schroeder George L and George L Schroeder Trust
Bought by
1030 Elm Avenue Llc

Purchase Details

Closed on
Mar 16, 2010
Sold by
Schroeder George L
Bought by
Schroeder George L and George L Schroeder Trust

Purchase Details

Closed on
May 28, 2008
Sold by
Schroeder Deirdre S
Bought by
Schroeder George L

Purchase Details

Closed on
Apr 19, 2008
Sold by
Bank Of New York
Bought by
Schroeder George L

Purchase Details

Closed on
Jan 7, 2008
Sold by
Montes J Guadalupe R
Bought by
Bank Of New York and Cwalt Inc Alternative Loan Trust 2006-Oa

Purchase Details

Closed on
Apr 15, 2005
Sold by
Evergreen Ronald D and Evergreen Maria
Bought by
Montes J Guadalupe R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2002
Sold by
Evergreen Ronald D and Evergreen Rudolph C
Bought by
Evergreen Ronald D and Evergreen Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
5.62%
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
Melendez Miguel $350,000 Chicago Title Company
1030 Elm Avenue Llc -- None Available
Schroeder George L -- None Available
Schroeder George L -- First American Title Company
Schroeder George L $310,000 First American Title Company
Bank Of New York $452,250 First American Title
Montes J Guadalupe R $675,000 Old Republic Title
Evergreen Ronald D -- Chicago Title Co
Evergreen Rudolph C -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Montes J Guadalupe R $540,000
Previous Owner Evergreen Ronald D $259,000
Closed Montes J Guadalupe R $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $350,000 -2.6% $268 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
11/10/2014 11/10/14 For Sale $359,500 -- $276 / 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 $6,328 $420,636 $210,318 $210,318
2024 $6,328 $412,390 $206,195 $206,195
2023 $6,145 $404,304 $202,152 $202,152
2022 $5,801 $396,378 $198,189 $198,189
2021 $5,537 $388,606 $194,303 $194,303
2020 $5,382 $384,622 $192,311 $192,311
2019 $5,486 $377,082 $188,541 $188,541
2018 $5,220 $369,690 $184,845 $184,845
2017 $4,832 $362,442 $181,221 $181,221
2016 $4,394 $355,336 $177,668 $177,668
2015 $3,209 $293,400 $200,000 $93,400
2014 $3,216 $293,400 $200,000 $93,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81440127

MLSListings

APN: 012-271-008-000