NOT LISTED FOR SALE

121 E San Luis St Salinas, CA 93901

Downtown Salinas Neighborhood

Estimated Value: $666,835 - $905,000

4 Beds
2 Baths
1,643 Sq Ft
$459/Sq Ft Est. Value

Last Sold November 08, 2012

Last sale price $230,000 $140 Per Sq Ft

Est. 228% increase in value since last sale

Current estimated payment $4,493/month

20 Days on Market

About This Home

As of November 2012

Good opportunity for investors and or first time buyers. Two units in the beautiful City of Salinas close to Down Town and Hwy 101.

Last Listed By

Alfredo Onofre

Realty World-Premier Associates License #01019540 Listed on: 07/21/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,287

Year Built

  • 1924

Lot Details

  • 5,445

Home Design

  • Duplex

Interior Spaces

  • 1,643 Sq Ft Home
  • 1-Story Property
  • Carpet

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $26,400
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 1,643 Sq Ft Building

Building Details

  • Insurance Expense $800
  • Trash Expense $250
  • Operating Expense $7,224
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,287

Year Built

1924

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Age: 88
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 139.99
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1643
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 1643
  • Stories: 1
  • Laundry: Laundry - No
  • Flooring: Carpet, Varies By Unit

Exterior Features

  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - <1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5460.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5460.00
  • Lot Size Area Min Search: 5460.00
  • Maximum Lot Size: 5460.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.09

Multi Family

  • Expense Insurance: 800
  • Expenses Total: 7224
  • Expense Trash: 250
  • Expense Water Sewer: 750
  • Income Annual Gross: 26400.00
  • Income Annual Rental: 26400
  • Income Gross Scheduled: 26400
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Insurance, Services - Sewer, Utilities - Water
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Cable Tv

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2012
Closed on
Oct 30, 2012
Sold by
Moran Francisco
Bought by
Rettenwender Thomas
Seller's Agent
Alfredo Onofre
Realty World-Premier Associates
Buyer's Agent
Alfredo Onofre
Realty World-Premier Associates
List Price
$239,900
Sold Price
$230,000
Premium/Discount to List
-$9,900
-4.13%
Total Days on Market
20
Current Estimated Value
$753,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$523,709

Purchase Details

Closed on
Aug 17, 2006
Sold by
Moran Teresa S
Bought by
Moran Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2006
Sold by
Lopez Venedo Solis and Gonzalez Maria Guadalupe
Bought by
Solis Donate Saul A and Solis Donate Dora A

Purchase Details

Closed on
Jun 6, 1994
Sold by
Naldoza Eladio D and Naldoza Restituta J
Bought by
Solis Donate Saul A and Solis Donate Dora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,951
Interest Rate
6.29%

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
Rettenwender Thomas $230,000 Old Republic Title Company
Moran Francisco -- First American Title
Moran Francisco $149,000 First American Title
Solis Donate Saul A -- Santa Cruz Title Company
Solis Donate Saul A $149,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rettenwender Thomas $28,270
Previous Owner Moran Francisco $358,000
Previous Owner Moran Francisco $50,000
Previous Owner Moran Francisco $119,200
Previous Owner Donate Saul A $180,000
Previous Owner Solis Donate Saul A $133,951
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2012 11/08/12 Sold $230,000 -4.1% $140 / Sq Ft
08/10/2012 08/10/12 Pending -- -- --
07/21/2012 07/21/12 For Sale $239,900 -- $146 / 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 $3,287 $277,665 $60,360 $217,305
2023 $3,177 $272,222 $59,177 $213,045
2022 $3,058 $266,885 $58,017 $208,868
2021 $2,938 $261,653 $56,880 $204,773
2020 $2,857 $258,971 $56,297 $202,674
2019 $2,838 $253,894 $55,194 $198,700
2018 $2,799 $248,916 $54,112 $194,804
2017 $2,801 $244,036 $53,051 $190,985
2016 $2,803 $239,252 $52,011 $187,241
2015 $2,827 $235,659 $51,230 $184,429
2014 $2,640 $231,044 $50,227 $180,817
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Alfredo Onofre

    Realty World-Premier Associates

See All Agents

Map

Source: MLSListings

MLS Number: ML81227562

MLSListings

APN: 002-222-010-000

California Monterey County Salinas 93901 Downtown Salinas

121 E San Luis St, Salinas, CA

Homes for Sale in Salinas, CA

This home is located at 121 E San Luis St, Salinas, CA 93901 since 21 July 2012 and is currently estimated at $753,709, approximately $458 per square foot. This property was built in 1924. 121 E San Luis St is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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