NOT LISTED FOR SALE

1037 Connely St Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $413,000 - $676,000

3 Beds
2 Baths
1,747 Sq Ft
$337/Sq Ft Est. Value

Last Sold December 24, 2015

Last sale price $335,000 $192 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,570/month

40 Days on Market

About This Home

As of December 2015

**TRUE INVESTMENT OPPORTUNITY** Here is great rental duplex with long term renters, nice neighborhood, close to shopping centers and easy access to freeway. Front unit is a 2 bedroom 1 bath and back unit a 1 bedroom 1 bath with double pain windows, being that the lot is 9,208 sq ft, it features a nice private and large rear yard. Rents are currently low for the area.

Last Agent to Sell the Property

Sergio Ceja

Executive Estates, Inc License #01891543 Listed on: 10/24/2015

Executive Estates, Inc

Last Buyer's Agent

Mark Paterson

Pierce Real Estate License #01161473

Pierce Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,386

Year Built

  • 1942

Lot Details

  • 9,191

Home Design

  • 1,747 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

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

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $30,360

Community Details

Overview

  • 1,747 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gross Income $30,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,386

Year Built

1942

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1747
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Living Sq Ft: 1747

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9209.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9209.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.78
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 30360.00
  • Income Annual Rental: 30360
  • Income Gross Scheduled: 30360
  • Income Includes: Lease
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Parking, Fee - Property Tax
  • Tenant Expenses: Fee - Parking, Maintenance - Exterior, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2015
Closed on
Dec 15, 2015
Sold by
Jen Olivia
Bought by
Wright Jonathan W and Holcomb James E
Seller's Agent
Sergio Ceja
Executive Estates, Inc
Buyer's Agent
Mark Paterson
Pierce Real Estate
List Price
$388,000
Sold Price
$335,000
Premium/Discount to List
-$53,000
-13.66%
Current Estimated Value
$588,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,602
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Aug 4, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Jen Olivia and Olivia Jen Living Trust

Purchase Details

Closed on
Oct 3, 2008
Sold by
Lopez Francisco R
Bought by
Deutsche Bank National Trust Co

Purchase Details

Closed on
Dec 2, 2005
Sold by
Ontiveros Susana
Bought by
Lopez Francisco R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
7.62%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 6, 2002
Sold by
Ontiveros James
Bought by
Ontiveros Susanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Wright Jonathan W $340,000 Chicago Title Company
Jen Olivia $118,000 None Available
Deutsche Bank National Trust Co $212,853 Accommodation
Lopez Francisco R $630,000 Chicago Title
Ontiveros Susanna -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Francisco R $504,000
Previous Owner Ontiveros Susanna $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2015 12/24/15 Sold $335,000 -13.7% $192 / Sq Ft
12/04/2015 12/04/15 Pending -- -- --
10/24/2015 10/24/15 For Sale $388,000 -- $222 / 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 $5,386 $408,619 $192,291 $216,328
2024 $5,386 $400,608 $188,521 $212,087
2023 $5,288 $392,754 $184,825 $207,929
2022 $4,760 $385,053 $181,201 $203,852
2021 $4,763 $377,504 $177,649 $199,855
2020 $4,711 $373,634 $175,828 $197,806
2019 $4,862 $366,309 $172,381 $193,928
2018 $4,584 $359,127 $169,001 $190,126
2017 $4,758 $352,087 $165,688 $186,399
2016 $4,514 $345,185 $162,440 $182,745
2015 $2,082 $155,729 $53,698 $102,031
2014 $2,008 $152,680 $52,647 $100,033
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Sergio Ceja

    Executive Estates, Inc

    Section Image

  • M

    Buyer's Agent in 2015

    Mark Paterson

    Pierce Real Estate Group

    Section Image
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Map

Source: MLSListings

MLS Number: ML81520146

MLSListings

APN: 004-121-023-000

California Monterey County Salinas 93905 East Salinas

1037 Connely St, Salinas, CA

This home is located at 1037 Connely St, Salinas, CA 93905 since 24 October 2015 and is currently estimated at $588,602, approximately $336 per square foot. This property was built in 1942. 1037 Connely St is a home located in Monterey County with nearby schools including Fremont Elementary School, El Sausal Middle School, and Alisal High School.

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