NOT LISTED FOR SALE

11121 Rico St Castroville, CA 95012

Estimated Value: $590,000 - $680,790

3 Beds
2 Baths
1,139 Sq Ft
$552/Sq Ft Est. Value

Last Sold December 05, 2017

Last sale price $387,500 $340 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,756/month

70 Days on Market

About This Home

As of December 2017

Wonderful Duplex For Sale! Very Long term tenants, over 25 years! Great investment, rents are well below market asking. 1st Unit is a 2 Bedroom 1 Bath, 2nd Unit is 1 Bedroom 1 Bath. Huge Lot with great potential! Trust Sale, Sold As-Is

Last Agent to Sell the Property

Peter Maturino

Paramount Properties License #01974659 Listed on: 07/31/2017

Co-Listed By

Chris Barreto-Gilson

Paramount Properties License #01249989

Last Buyer's Agent

Maha Najjar

Coldwell Banker Realty License #01305947

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,896

Year Built

  • 1938

Lot Details

  • 0.26 Acre Lot
  • Security Fence

Parking

  • Covered Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,139 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $16,320

Community Details

Overview

Building Details

  • 2 Leased Units
  • Manager Expense $1,468
  • Operating Expense $1,936
  • Gross Income $15,994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,896

Year Built

1938

Lot Details

0

Listing Details

  • Zoning: CP
  • Subclass: Duplex
  • Age: 79
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1139
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Living Sq Ft: 1139
  • Stories: 1
  • Security: Security Fence

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: North Monterey County Unified

Lot Info

  • Lot Acres: 0.2635
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11480.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11480.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.59
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Management: 1468
  • Expenses Total: 1936
  • Income Annual Gross: 15994.00
  • Income Annual Rental: 16320
  • Income Gross Scheduled: 16320
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2017
Closed on
Oct 12, 2017
Sold by
Cooney Patricia L and Santos & Rosa Sarmiento Family
Bought by
Runnels Travis Wright and Bartletti Matthew Richard
Seller's Agent
Peter Maturino
Paramount Properties
Buyer's Agent
Maha Najjar
Coldwell Banker Realty
List Price
$385,000
Sold Price
$387,500
Premium/Discount to List
$2,500
0.65%
Current Estimated Value
$628,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,948
Avg. Annual Appreciation
6.79%
Original Mortgage
$28,400
Outstanding Balance
$23,948
Interest Rate
3.91%
Mortgage Type
Unknown
Estimated Equity
$621,906
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
Runnels Travis Wright $387,500 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooney Patricia L $28,400
Previous Owner Runnels Travis Wright $290,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2017 12/05/17 Sold $387,500 +0.6% $340 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $385,000 0.0% $338 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $385,000 -- $338 / 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 $4,896 $440,904 $125,158 $315,746
2024 $4,896 $432,259 $122,704 $309,555
2023 $4,807 $423,785 $120,299 $303,486
2022 $4,773 $415,477 $117,941 $297,536
2021 $4,595 $407,331 $115,629 $291,702
2020 $4,556 $403,155 $114,444 $288,711
2019 $4,452 $395,250 $112,200 $283,050
2018 $4,374 $387,500 $110,000 $277,500
2017 $454 $33,474 $18,669 $14,805
2016 $468 $32,818 $18,303 $14,515
2015 $453 $32,326 $18,029 $14,297
2014 $448 $31,693 $17,676 $14,017
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Peter Maturino

    Paramount Properties

    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Chris Barreto-Gilson

    Paramount Properties

    Section Image
  • Maha Najjar

    Buyer's Agent in 2017

    Maha Najjar

    Coldwell Banker Realty

    (650) 388-0566

    17 Total Sales

    Maha Najjar
    Section Image
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Map

Source: MLSListings

MLS Number: ML81672169

MLSListings

APN: 030-116-004-000

California Monterey County Castroville 95012

11121 Rico St, Castroville, CA

This home is located at 11121 Rico St, Castroville, CA 95012 since 31 July 2017 and is currently estimated at $628,448, approximately $551 per square foot. This property was built in 1938. 11121 Rico 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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