$669,830
SOLD JUL 26, 2019

1181 Birch Ave Seaside, CA 93955

3 Beds
2 Baths
1,848 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$362 Per Sq Ft

4% Below List Price

30 Days on Market

Highlights

  • Balcony
  • Shed
  • Fenced
  • Laundry Room
  • Ceiling Fan
  • Grass Covered Lot

About This Home

As of July 2023

Great investment opportunity! Rent them both out or live in one and use the other unit as a full time rental, Airbnb or create a family compound. Within walking distance to Starbucks, restaurants, shopping and public transportation. New roof, freshly painted inside and out, remodeled bathrooms, newer sewer lateral and more! Enjoy your nice, low maintenance outdoor space complete with built-in brick BBQ and basketball hoop. Laundry/storage room and a nice sized, newer shed gives you plenty of storage space. Front house is 3 bedrooms,1 bath and last rented for $2350 and the other house is a studio that feels more like a 1 bedroom, 1 bath and was rented for $1500. Vacant and just waiting for you!

Last Agent to Sell the Property

Lisa Brom

Sotheby’s International Realty License #01893705 Listed on: 05/03/2019

Sotheby’s International Realty

Last Buyer's Agent

Thomas Keratzes

Intero Real Estate Services License #02067223

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,189

Year Built

  • 1952

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,848 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • Crawl Space
  • Gas Oven
  • Laundry Room

Parking

  • 1 Parking Space
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Shed
  • Barbecue Area

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $47,400

Community Details

Overview

  • 1,848 Sq Ft Building

Building Details

  • Insurance Expense $700
  • Utility Expense $1,352
  • Trash Expense $234
  • Operating Expense $8,286
  • Gross Income $47,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,189

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1848
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 1848
  • Stories: 1
  • Flooring: Laminate
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced, Low Maintenance, Storage Shed / Structure

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4356.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4356.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 14.75

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 700
  • Expenses Total: 8286
  • Expenses Utility: 1352
  • Expense Trash: 234
  • Income Annual Gross: 47400.00
  • Income Annual Rental: 47400
  • Income Gross Scheduled: 47400
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2022
Closed on
Jun 28, 2023
Sold by
Jeanne Mursch Special Needs Trust
Bought by
Taow Aubrey Ellen
Seller's Agent
Thomas Keratzes
Coldwell Banker Realty
Buyer's Agent
Nicollette Eason
eXp Realty of California Inc
List Price
$1,230,000
Sold Price
$1,040,000
Premium/Discount to List
-$190,000
-15.45%
Views
318
Current Estimated Value
$1,060,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,813
Avg. Annual Appreciation
0.62%
Original Mortgage
$884,000
Outstanding Balance
$867,211
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$185,198

Purchase Details

Listed on
May 3, 2019
Closed on
Jul 19, 2019
Sold by
Leikam Helen Ann and The Hal Trust
Bought by
Bignardi Paul and Jeanne Mursch Specia Needs Tru
Seller's Agent
Lisa Brom
Sotheby’s International Realty
Buyer's Agent
Thomas Keratzes
Intero Real Estate Services
List Price
$699,000
Sold Price
$669,830
Premium/Discount to List
-$29,170
-4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.72%

Purchase Details

Closed on
Oct 4, 2011
Sold by
Leikam Helen
Bought by
Leikam Helen Ann and The Hal Trust
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 Type Sale Price Title Company
Grant Deed $1,040,000 Chicago Title
Grant Deed $670,000 Chicago Title Company Salina
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $884,000 New Conventional
Previous Owner $200,000 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2023 07/14/23 Sold $1,040,000 -4.6% $530 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
05/14/2023 05/14/23 Price Changed $1,090,000 -5.2% $555 / Sq Ft
01/24/2023 01/24/23 Price Changed $1,150,000 -6.5% $586 / Sq Ft
12/14/2022 12/14/22 For Sale $1,230,000 +83.6% $627 / Sq Ft
07/26/2019 07/26/19 Sold $669,830 -4.2% $362 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $699,000 -- $378 / 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
2024 $11,189 $1,040,000 $475,000 $565,000
2023 $7,721 $1,040,000 $475,000 $565,000
2022 $7,615 $690,303 $381,309 $308,994
2021 $7,505 $676,769 $373,833 $302,936
2020 $7,222 $669,830 $370,000 $299,830
2019 $489 $33,537 $5,567 $27,970
2018 $475 $32,880 $5,458 $27,422
2017 $447 $32,236 $5,351 $26,885
2016 $440 $31,605 $5,247 $26,358
2015 $435 $31,132 $5,169 $25,963
2014 $430 $30,523 $5,068 $25,455
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81750236

MLSListings

APN: 012-072-016-000