NOT LISTED FOR SALE

10719 Merritt St Castroville, CA 95012

Estimated Value: $782,869

3 Beds
3 Baths
3,393 Sq Ft
$231/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $540,000 $159 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,739/month

99 Days on Market

Highlights

  • City View
  • Double Pane Windows
  • Tile Flooring
  • High Ceiling
  • Walk-In Closet

About This Home

As of August 2019

Great Opportunity to find a mixed use property in Castroville. There is a commercial used unit on the first level currently rented and used as a 98 cent store, Upstairs you will find rental units consisting of two units, one two bedroom / one bath and a one bedroom / one bath. Both units are currently rented. Exterior fully painted last year! Property is located in the Heart of downtown Castroville. Rare opportunity for a investor or owner occupier as well!!!

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 03/20/2019

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 03/20/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,814

Year Built

  • 1930

Lot Details

  • 2,548

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,393 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • City Views
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet

Parking

  • 2 Parking Spaces
  • On-Street Parking
  • Assigned Parking

Additional Features

  • 2,548 Sq Ft Lot
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $36,300
  • Renewal Option

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $4,354
  • Maintenance Expense $607
  • Manager Expense $2,552
  • Utility Expense $1,072
  • Operating Expense $10,649
  • Gross Income $36,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,814

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: Mixed Use
  • Subclass: Multiple Dwellings / Structures
  • Age: 89
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3393
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: 220 Volt Outlet, Oven - Electric, Oven - Gas
  • Living Sq Ft: 3393
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: City

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, On Street

Utilities

  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: North Monterey County Unified

Lot Info

  • Lot Acres: 0.0585
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2550.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2550.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month, Renewal Option
  • Gross Rent Multiplier: 15.84
  • Number Of Leased: 2

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 4354
  • Expense Maintenance: 607
  • Expense Management: 2552
  • Expenses Total: 10649
  • Expenses Utility: 1072
  • Income Annual Gross: 36300.00
  • Income Annual Rental: 36300
  • Income Gross Scheduled: 36300
  • Income Includes: Rents
  • Meters: Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2019
Closed on
Aug 26, 2019
Sold by
Villareal Joe
Bought by
Ostarello Julie Maureen
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$625,000
Sold Price
$540,000
Premium/Discount to List
-$85,000
-13.6%
Current Estimated Value
$782,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,869
Avg. Annual Appreciation
6.32%
Original Mortgage
$378,000
Outstanding Balance
$333,151
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$449,123

Purchase Details

Listed on
Mar 20, 2019
Closed on
Aug 22, 2019
Sold by
Ostarello Janet
Bought by
Ostarello Russell John
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$625,000
Sold Price
$540,000
Premium/Discount to List
-$85,000
-13.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Outstanding Balance
$333,151
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$449,123

Purchase Details

Listed on
Mar 20, 2019
Closed on
Aug 20, 2019
Sold by
Craft Walter M
Bought by
Craft Marl Ann and Ostarello Maria Ann
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$625,000
Sold Price
$540,000
Premium/Discount to List
-$85,000
-13.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Outstanding Balance
$333,151
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$449,123

Purchase Details

Listed on
Mar 20, 2019
Closed on
Aug 8, 2019
Sold by
Ostrello Ostarello Roger Anthony and Ostrello Schmitz Patricia Lynn
Bought by
Alvarez Brothers Llc
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$625,000
Sold Price
$540,000
Premium/Discount to List
-$85,000
-13.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Outstanding Balance
$333,151
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$449,123

Purchase Details

Closed on
Feb 2, 2017
Sold by
Ostarello Julie M
Bought by
Ostarello Julie M and The Julie M Ostarello Separate

Purchase Details

Closed on
Sep 19, 2016
Sold by
Ostarello Lisa D
Bought by
Revocabl Ostarello Lisa D and Revocabl 2004 Lisa D Ostarello

Purchase Details

Closed on
Aug 4, 2016
Sold by
Ostarello Roger A
Bought by
Ostarello Roger A and Ostarello Margaret A

Purchase Details

Closed on
Jun 30, 2008
Sold by
Ross Jessica and Ostarello Jessica
Bought by
Ostarello Roger A and Schmitz Patricia L

Purchase Details

Closed on
Jun 21, 2008
Sold by
Ross Rebecca and Ostarello Rebecca
Bought by
Ostarello Roger A and Schmitz Patricia L

Purchase Details

Closed on
Apr 21, 2006
Sold by
Ostarello Patricia M and 1984 Ostarello Revocable Trust
Bought by
Ostarello Roger A and The Roger A Ostarello Irrevoca
Source: Public Records

Range of Values:

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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
Ostarello Julie Maureen -- Chicago Title Company
Ostarello Russell John -- Chicago Title Company
Craft Marl Ann -- Chicago Title Company
Alvarez Brothers Llc $540,000 Chicago Title Company
Ostarello Roger Anthony -- Chicago Title Company
Ostarello Julie M -- None Available
Revocabl Ostarello Lisa D -- None Available
Ostarello Roger A -- None Available
Ostarello Roger A $46,500 None Available
Ostarello Roger A $46,500 None Available
Ostarello Roger A -- None Available
Ostarello Patricia M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Brothers Llc $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $540,000 -6.1% $159 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
05/17/2019 05/17/19 Price Changed $575,000 -8.0% $169 / Sq Ft
03/20/2019 03/20/19 For Sale $625,000 -- $184 / 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 $6,814 $590,563 $273,408 $317,155
2024 $6,814 $578,985 $268,048 $310,937
2023 $6,690 $567,634 $262,793 $304,841
2022 $6,639 $556,505 $257,641 $298,864
2021 $6,396 $545,594 $252,590 $293,004
2020 $6,169 $540,000 $250,000 $290,000
2019 $2,103 $171,746 $57,738 $114,008
2018 $2,064 $168,379 $56,606 $111,773
2017 $1,961 $165,079 $55,497 $109,582
2016 $2,033 $161,843 $54,409 $107,434
2015 $1,961 $159,413 $53,592 $105,821
2014 $1,931 $156,292 $52,543 $103,749
Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2019

    Bill Backus

    Backus Properties

    (831) 262-9730

    81 Total Sales

    Bill Backus
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Map

Source: MLSListings

MLS Number: ML81743452

MLSListings

APN: 030-162-008-000

California Monterey County Castroville 95012

10719 Merritt St, Castroville, CA

This home is located at 10719 Merritt St, Castroville, CA 95012 since 20 March 2019 and is currently estimated at $782,869, approximately $230 per square foot. This property was built in 1930. 10719 Merritt St is a home located in Monterey County with nearby schools including North Monterey County Middle School and North Monterey County High School.

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