NOT LISTED FOR SALE

115 N Madeira Ave Salinas, CA 93905

East Salinas Neighborhood
Studio
1 Bath
1,550 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: April 24, 2014

Last sale price $180,000 $116 Per Sq Ft

8 Days on Market

About This Home

As of April 2014

Fixer upper, great upside for any season investor.

Last Agent to Sell the Property

Omar Bitar

Executive Estates, Inc License #01883518 Listed on: 12/26/2013

Last Buyer's Agent

Omar Bitar

Executive Estates, Inc License #01883518 Listed on: 12/26/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1942

Lot Details

  • 6,098

Parking

  • Uncovered Parking

Home Design

  • Triplex
  • Shake Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1,200
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 3 Units
  • 1,550 Sq Ft Building

Building Details

  • Gardener Expense $200
  • Insurance Expense $300
  • Maintenance Expense $400
  • Manager Expense $100
  • Other Expense $100
  • Utility Expense $150
  • Trash Expense $100
  • Operating Expense $4,257
  • Gross Income $1,237

Property Details

Home Type

Multi-Family

Year Built

1942

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Zoning: r3
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 116.13
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1550
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Living Sq Ft: 1550
  • Stories: 1
  • Laundry: Laundry - No

Exterior Features

  • Roof: Shake

Garage/Parking

  • Garage Parking Features: Uncovered Parking

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 159.20

Multi Family

  • Expense Insurance: 300
  • Expense Landscape: 200
  • Expense Maintenance: 400
  • Expense Management: 100
  • Expenses Other: 100
  • Expenses Total: 4257
  • Expenses Utility: 150
  • Expense Trash: 100
  • Expense Water Sewer: 400
  • Income Annual Gross: 1237.00
  • Income Annual Rental: 1200
  • Income Gross Scheduled: 1250
  • Income Includes: Laundry, Lease
  • Income Laundry: 50
  • Maximum Building Height: 1
  • Meters: Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv
  • Vacancy Amount: 13
  • Vacancy Factor: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $180,000 -9.5% $116 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
12/26/2013 12/26/13 For Sale $199,000 -- $128 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,875 $245,163 $110,323 $134,840
2024 $2,875 $240,357 $108,160 $132,197
2023 $2,780 $235,645 $106,040 $129,605
2022 $2,676 $231,025 $103,961 $127,064
2021 $2,572 $226,496 $101,923 $124,573
2020 $2,502 $224,174 $100,878 $123,296
2019 $2,482 $219,779 $98,900 $120,879
2018 $2,449 $215,470 $96,961 $118,509
2017 $2,451 $211,246 $95,060 $116,186
2016 $2,453 $207,105 $93,197 $113,908
2015 $2,473 $203,995 $91,798 $112,197
2014 $1,701 $145,416 $91,841 $53,575
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2014

    Omar Bitar

    Executive Estates, Inc

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Map

Source: MLSListings

MLS Number: ML81343533

MLSListings

APN: 004-011-010

California Monterey County Salinas 93905 East Salinas

115 N Madeira Ave, Salinas, CA

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