NOT LISTED FOR SALE

1041 Trinity Ave Seaside, CA 93955

Estimated Value: $807,196 - $1,114,000

4 Beds
2 Baths
1,920 Sq Ft
$491/Sq Ft Est. Value

Last Sold March 19, 2019

Last sale price $660,000 $344 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,585/month

13 Days on Market

Highlights

  • High Ceiling
  • 1 Car Attached Garage
  • Forced Air Heating System
  • Balcony
  • Laundry Room
  • Fenced

About This Home

As of March 2019

LARGE WELL MAINTAINED LEGAL DUPLEX ! ALMOST 2000 SQUARE FEET !! Great opportunity to Live in one and rent the other !! Located in the charming coastal city of Seaside ! About 1 mile from a beautiful beach, this 3 bedroom front unit and 1 bedroom with office ( possible second bedroom ) back unit, currently brings in $3,500 per month from long term / very good tenants !! Very Private , with No common walls / only attached by carports !! Plenty of parking, including 2 carports, a 1 car garage , long drive way and additional private parking space next to front unit. Each unit has its own laundry hook ups and individual utility meters ! Each unit has its own private yard and private patios !! 3 locked storage rooms In Carport ! This is a Great Location and near to Everything, including plenty of shopping, schools, parks, city bus transit, restaurants, freeway access and the beach !! Front unit 1152 SF, back unit 768 SF.

Last Agent to Sell the Property

Theodore J Bindel

Bindel Real Estate License #01412707 Listed on: 01/30/2019

Last Buyer's Agent

Alain Pinel

Coldwell Banker Res. R.E. Svcs License #00583862

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Lot Details

  • 6,373 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Attached Garage
  • 2 Carport Spaces
  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Crawl Space
  • Gas Oven

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

  • 1,920 Sq Ft Building

Building Details

  • 2 Leased Units
  • Maintenance Expense $500
  • Utility Expense $1,200
  • Trash Expense $30
  • Operating Expense $8,069
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Parking

1

Listing Details

  • Zoning: Multi
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Appliances - Vary By Unit, Oven Range - Gas
  • Living Sq Ft: 1920
  • Stories: 1
  • Laundry: Hookups Only
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Carport, Off-Street Parking
  • Carport Min: 2

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.1463
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6372.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6372.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.64
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Maintenance: 500
  • Expenses Total: 8069
  • Expenses Utility: 1200
  • Expense Trash: 30
  • Income Annual Gross: 42000.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Rents
  • Meters: Master Electric, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2021
Sold by
Singh Kern D and Singh Sharmila K
Bought by
Singh Kern D and Singh Sharmila K
Current Estimated Value
$942,049

Purchase Details

Closed on
Jun 2, 2021
Sold by
Seascape Ventures Llc
Bought by
Singh Kern D and Singh Sharmila K

Purchase Details

Closed on
Aug 1, 2020
Sold by
Singh Kern D and Singh Sharmila K
Bought by
Seascape Ventures Llc

Purchase Details

Closed on
Mar 20, 2020
Sold by
Seascape Ventures Llc
Bought by
Singh Kern and Singh Sharmila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$489,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2019
Closed on
Apr 17, 2019
Sold by
Singh Kem and Singh Sharmila
Bought by
Seascape Ventures Llc
Seller's Agent
Theodore J Bindel
Bindel Real Estate
Buyer's Agent
Alain Pinel
Coldwell Banker Res. R.E. Svcs
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
Original Mortgage
$495,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 30, 2019
Closed on
Mar 18, 2019
Sold by
Reilly Christopher and Reilly Karen
Bought by
Singh Kern and Singh Sharmila
Seller's Agent
Theodore J Bindel
Bindel Real Estate
Buyer's Agent
Alain Pinel
Coldwell Banker Res. R.E. Svcs
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2009
Sold by
Wells Fargo Bank Na
Bought by
Reilly Christopher and Reilly Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2008
Sold by
Regules Miguel V
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2006-3 As

Purchase Details

Closed on
Aug 12, 2008
Sold by
Regules Miguel V
Bought by
Wells Fargo Bank Na and Option One Mortgage Loan Trust 2006-3 As

Purchase Details

Closed on
Oct 3, 2006
Sold by
Regules Miguel V
Bought by
Regules Miguel V and Regules Martha Elvia

Purchase Details

Closed on
Dec 7, 1994
Sold by
Regules Martha Elvia
Bought by
Regules Miguel V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,900
Interest Rate
9.08%
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
Singh Kern D -- None Available
Singh Kern D -- North American Title Co Inc
Seascape Ventures Llc -- None Available
Singh Kern -- Calatlantic Title Company
Seascape Ventures Llc -- Chicago Title Company
Singh Kern $660,000 Chicago Title Salinas
Reilly Christopher $285,000 First American Title
Wells Fargo Bank Na $295,800 Multiple
Wells Fargo Bank Na $295,800 Chicago Title Insurance Co
Regules Miguel V -- None Available
Regules Miguel V -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singh Kern $489,000
Previous Owner Singh Kern $495,000
Previous Owner Reilly Christopher $206,250
Previous Owner Regules Miguel V $97,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2019 03/19/19 Sold $660,000 -5.6% $344 / Sq Ft
02/13/2019 02/13/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $699,000 -- $364 / 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 $7,784 $736,237 $362,541 $373,696
2024 $7,784 $721,802 $355,433 $366,369
2023 $7,751 $707,650 $348,464 $359,186
2022 $7,644 $693,776 $341,632 $352,144
2021 $7,534 $680,174 $334,934 $345,240
2020 $7,249 $673,200 $331,500 $341,700
2019 $3,851 $329,781 $161,999 $167,782
2018 $3,700 $323,316 $158,823 $164,493
2017 $3,430 $316,977 $155,709 $161,268
2016 $3,370 $310,762 $152,656 $158,106
2015 $3,322 $306,095 $150,363 $155,732
2014 $3,266 $300,100 $147,418 $152,682
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81737018

MLSListings

APN: 012-274-032-000