NOT LISTED FOR SALE

1073 Elm Ave Seaside, CA 93955

Estimated Value: $638,000 - $815,000

2 Beds
2 Baths
1,296 Sq Ft
$589/Sq Ft Est. Value

Last Sold December 15, 2014

Last sale price $370,000 $285 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,558/month

7 Days on Market

About This Home

As of December 2014

A beautiful duplex in Seaside, close to ocean, shopping center and free way. It has large back yard and a deck, more storage in basement. Perfect for owner or investor. Each unit has 1 bedroom and 1 bath, 1 car port. Currently, Unit A is vacant, has new paint and a lot of repair. Tenants are living in Unit B and paying $1075 per month.

Last Agent to Sell the Property

Min Le

AMAC Realty & Lending License #01363015 Listed on: 10/30/2014

Last Buyer's Agent

Monique Ryan

Coldwell Banker Realty License #01358578

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,725

Year Built

  • 1953

Lot Details

  • 6,490

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Oven or Range
  • Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $25,200

Community Details

Overview

  • 1,296 Sq Ft Building

Building Details

  • Insurance Expense $560
  • Manager Expense $2,500
  • Operating Expense $7,360
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,725

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 61
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1296
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 1296
  • Stories: 1
  • Laundry: Gas Hookup, Laundry Area - In Unit
  • Flooring: Laminate, Carpet - Wall To Wall

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6480.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6480.00
  • Lot Size Area Min Search: 6480.00
  • Maximum Lot Size: 6480.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.48

Multi Family

  • Expense Insurance: 560
  • Expense Management: 2500
  • Expenses Total: 7360
  • Income Annual Gross: 25200.00
  • Income Annual Rental: 25200
  • Income Gross Scheduled: 25200
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Miscellaneous/Other
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2014
Closed on
Dec 16, 2014
Sold by
Trieu Phuong Thao Thi and Nguyen Philip N
Bought by
Trieu Thao Phuong Thi and Thao Phuong Thi Trieu Living T
Seller's Agent
Min Le
AMAC Realty & Lending
Buyer's Agent
Monique Ryan
Coldwell Banker Realty
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%
Current Estimated Value
$760,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,496
Avg. Annual Appreciation
6.83%
Original Mortgage
$257,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2014
Closed on
Dec 10, 2014
Sold by
Trieu Thao Phuong Thi and Thao Phuong Thi Trieu Living T
Bought by
Garcia Sylvia Monroy and Sylvia Monroy Garcia Revocable
Seller's Agent
Min Le
AMAC Realty & Lending
Buyer's Agent
Monique Ryan
Coldwell Banker Realty
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 30, 2014
Closed on
Oct 29, 2014
Sold by
Trieu Thao Phuong Thi and Nguyen Philip N
Bought by
Trieu Phuong Thao Thi and Nguyen Philip N
Seller's Agent
Min Le
AMAC Realty & Lending
Buyer's Agent
Monique Ryan
Coldwell Banker Realty
List Price
$365,000
Sold Price
$370,000
Premium/Discount to List
$5,000
1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2012
Sold by
Nguyen Phillip Nelson and Trieu Thao Phuong Thi
Bought by
Trieu Thao Phuong Thi and Thao Phuong Thi Trieu Living T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2006
Sold by
Nguyen Philip N and Trieu Thao Phuong Thi
Bought by
Trieu Thao Phuong Thi and Thao Phuong Thi Trien Living T

Purchase Details

Closed on
Oct 22, 2004
Sold by
Nguyen Philip N
Bought by
Nguyen Philip N and Trieu Thao Phuong Thi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2001
Sold by
Trien Thao Phuong
Bought by
Nguyen Phillip N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7.15%

Purchase Details

Closed on
Jun 9, 2001
Sold by
Zipse Erich K and Losee Katrina A
Bought by
Nguyen Philip N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
7.15%

Purchase Details

Closed on
Feb 21, 1999
Sold by
Briggs Dorothy M
Bought by
Zipse Erich K and Losef Katrina A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.78%

Purchase Details

Closed on
Dec 14, 1993
Sold by
Briggs Lloyd G and Briggs Dorothy M
Bought by
Briggs Lloyd G and Briggs Dorothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,500
Interest Rate
6.89%
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
Trieu Thao Phuong Thi -- Chicago Title Company
Garcia Sylvia Monroy $370,000 Chicago Title Company
Trieu Phuong Thao Thi -- None Available
Trieu Thao Phuong Thi -- None Available
Trieu Thao Phuong Thi -- Fidelity National Title Co
Nguyen Phillip Nelson -- Fidelity National Title Co
Trieu Thao Phuong Thi -- None Available
Nguyen Philip N -- Fidelity Title
Nguyen Phillip N -- First American Title
Nguyen Philip N $305,000 First American Title
Zipse Erich K $150,000 First American Title
Briggs Lloyd G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Sylvia Monroy $235,000
Closed Garcia Sylvia Monroy $257,000
Previous Owner Nguyen Phillip Nelson $200,000
Previous Owner Nguyen Philip N $240,000
Previous Owner Nguyen Philip N $244,000
Previous Owner Nguyen Philip N $244,000
Previous Owner Nguyen Philip N $244,000
Previous Owner Zipse Erich K $56,000
Previous Owner Zipse Erich K $105,000
Previous Owner Briggs Lloyd G $40,500
Closed Zipse Erich K $21,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2014 12/15/14 Sold $370,000 +1.4% $285 / Sq Ft
11/06/2014 11/06/14 Pending -- -- --
10/30/2014 10/30/14 For Sale $365,000 -- $282 / 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 $4,725 $444,677 $240,367 $204,310
2024 $4,725 $435,958 $235,654 $200,304
2023 $4,744 $427,411 $231,034 $196,377
2022 $4,679 $419,031 $226,504 $192,527
2021 $4,612 $410,815 $222,063 $188,752
2020 $4,440 $406,604 $219,787 $186,817
2019 $4,655 $398,632 $215,478 $183,154
2018 $4,472 $390,816 $211,253 $179,563
2017 $4,146 $383,154 $207,111 $176,043
2016 $4,073 $375,642 $203,050 $172,592
2015 $4,016 $370,000 $200,000 $170,000
2014 $3,197 $291,600 $162,000 $129,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81438911

MLSListings

APN: 012-183-016-000