NOT LISTED FOR SALE

110 Central Ave Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $648,907 - $783,000

5 Beds
2 Baths
1,640 Sq Ft
$451/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $538,000 $328 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,494/month

8 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 3-minute walk to Bataan Park
  • Coin Laundry

About This Home

As of March 2020

2 houses on 1 lot! Rents are currently below market value. Front house 2bd/1ba, but currently being used as a 3bd/1ba, had new foundation put under the house in 1999. Back house is 3bd/1ba, has large private side yard. Both units have central heating, stucco exterior and both roofs are approx 20 years. Long term tenants**Do NOT Disturb Tenants***

Last Agent to Sell the Property

Chantel Henson

Vanco Real Estate Executives License #01271580 Listed on: 02/10/2020

Vanco Real Estate Executives

Co-Listed By

Betty Stringer

Vanco Real Estate Executives License #02042438

Last Buyer's Agent

C&C Real Estate Team

Better Homes And Gardens Real Estate By The Sea License #70010156

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 6,499

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,640 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 6,499 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $30,000

Community Details

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Utility Expense $3,948
  • Operating Expense $7,408
  • Gross Income $31,200

Additional Features

  • 1,640 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Zoning: call county
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1640
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Living Sq Ft: 1640
  • Stories: 1
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: No Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.98
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 7408
  • Expenses Utility: 3948
  • Income Annual Gross: 31200.00
  • Income Annual Rental: 30000
  • Income Gross Scheduled: 31200
  • Income Includes: Laundry, Rents
  • Income Other: 1200
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities, Utilities - Water
  • Tenant Expenses: Rent Only, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2022
Sold by
Tarantino John M
Bought by
Mar Vista Real Estate-Salinas Llc
Current Estimated Value
$740,227

Purchase Details

Listed on
Feb 10, 2020
Closed on
Mar 10, 2020
Sold by
Lafebre David U and Lafebre La Febre
Bought by
Tarantino John M
Seller's Agent
Chantel Henson
Vanco Real Estate Executives
Buyer's Agent
C&C Real Estate Team
Better Homes And Gardens Real Estate By The Sea
List Price
$498,500
Sold Price
$538,000
Premium/Discount to List
$39,500
7.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$403,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 2014
Sold by
Lafebre David and Lafebre Dina M
Bought by
2014 La Febre Revocable Trust

Purchase Details

Closed on
Apr 5, 2006
Sold by
Monighetti Rick E and Monighetti Rick
Bought by
Monighetti Rick E and Monighetti Rebecca F

Purchase Details

Closed on
Feb 11, 2000
Sold by
Monighetti Rebecca F
Bought by
Monighetti Rick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
8.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1999
Sold by
Eade Kenneth L
Bought by
Lafebre David and Lafebre Dina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,605
Interest Rate
6.73%
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
Mar Vista Real Estate-Salinas Llc -- --
Tarantino John M $538,000 Chicago Title Company
2014 La Febre Revocable Trust -- None Available
Monighetti Rick E -- None Available
Monighetti Rick -- First American Title
Lafebre David -- First American Title
Lafebre David $100,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tarantino John M $403,500
Previous Owner Lafebre David $106,500
Previous Owner Lafebre David $100,605
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2020 03/12/20 Sold $538,000 +7.9% $328 / Sq Ft
02/19/2020 02/19/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $498,500 -- $304 / 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 $7,475 $588,375 $273,408 $314,967
2024 $7,475 $576,840 $268,048 $308,792
2023 $7,225 $565,531 $262,793 $302,738
2022 $6,950 $554,443 $257,641 $296,802
2021 $6,702 $543,573 $252,590 $290,983
2020 $2,276 $143,332 $121,836 $21,496
2019 $2,260 $140,523 $119,448 $21,075
2018 $2,240 $137,768 $117,106 $20,662
2017 $2,241 $135,067 $114,810 $20,257
2016 $2,242 $132,419 $112,559 $19,860
2015 $2,255 $130,431 $110,869 $19,562
2014 $1,486 $127,877 $108,698 $19,179
Source: Public Records

Agents Affiliated with this Home

  • Chantel Henson

    Seller's Agent in 2020

    Chantel Henson

    Vanco Real Estate Executives

    (831) 809-4100

    11 in this area

    120 Total Sales

    Chantel Henson
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Betty Stringer

    Vanco Real Estate Executives

    Section Image

  • C

    Buyer's Agent in 2020

    C&C Real Estate Team

    Better Homes And Gardens Real Estate By The Sea

See All Agents

Map

Source: MLSListings

MLS Number: ML81782133

MLSListings

APN: 002-163-009-000

California Monterey County Salinas 93901 South Salinas

110 Central Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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