NOT LISTED FOR SALE

124 Pine St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $597,590 - $849,000

2 Beds
3 Baths
1,778 Sq Ft
$430/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $295,000 $166 Per Sq Ft

Est. 159% increase in value since last sale

Current estimated payment $4,389/month

22 Days on Market

Highlights

  • Neighborhood Views
  • Wall to Wall Carpet
  • 1-Story Property
  • Level Lot

About This Home

As of March 2014

Nice Duplex in great south Salinas area. large lot with extra parking in back. Duplexes in Salinas are hard to find especially in South Salinas! Here is your chance to own one.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 01/29/2014

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 01/29/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,174

Year Built

  • 1930

Lot Details

  • 6,490

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,778 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Gas Dryer Hookup

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $21,000
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 1,778 Sq Ft Building

Building Details

  • Gardener Expense $1,020
  • Insurance Expense $1,400
  • Maintenance Expense $2,000
  • Manager Expense $2,100
  • Operating Expense $8,486
  • Gross Income $20,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,174

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: Multi
  • Subclass: Duplex
  • Age: 84
  • Sale Price Per Sq Ft: 165.92
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1778
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 1778
  • Stories: 1
  • Laundry: 220 Volt Outlet, Gas Hookup, Laundry Area - In All Units, Laundry Area - In Unit
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Uncovered Parking, Spaces Per Unit - 1

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6503.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6503.00
  • Lot Size Area Min Search: 6503.00
  • Maximum Lot Size: 6503.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.86

Multi Family

  • Expense Insurance: 1400
  • Expense Landscape: 1020
  • Expense Maintenance: 2000
  • Expense Management: 2100
  • Expenses Total: 8486
  • Expense Water Sewer: 1379
  • Income Annual Gross: 20370.00
  • Income Annual Rental: 21000
  • Income Gross Scheduled: 21000
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Insurance, Accounting/Legal, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 630
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2014
Closed on
Mar 7, 2014
Sold by
Crowell Carol L
Bought by
Liao Wei Hua and Huang Da Han
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$375,000
Sold Price
$295,000
Premium/Discount to List
-$80,000
-21.33%
Current Estimated Value
$764,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,398
Avg. Annual Appreciation
8.54%
Source: Public Records

Range of Values:

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Average Value
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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
Liao Wei Hua $295,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2014 03/14/14 Sold $295,000 -21.3% $166 / Sq Ft
02/20/2014 02/20/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $375,000 -- $211 / 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 $4,174 $361,614 $165,484 $196,130
2024 $4,174 $354,525 $162,240 $192,285
2023 $4,033 $347,574 $159,059 $188,515
2022 $3,880 $340,760 $155,941 $184,819
2021 $3,728 $334,080 $152,884 $181,196
2020 $3,625 $330,656 $151,317 $179,339
2019 $3,597 $324,173 $148,350 $175,823
2018 $3,552 $317,818 $145,442 $172,376
2017 $3,555 $311,588 $142,591 $168,997
2016 $3,558 $305,480 $139,796 $165,684
2015 $3,589 $300,893 $137,697 $163,196
2014 $603 $48,170 $15,151 $33,019
Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2014

    Bill Backus

    Backus Properties

    (831) 262-9730

    29 in this area

    80 Total Sales

    Bill Backus
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Map

Source: MLSListings

MLS Number: ML81402828

MLSListings

APN: 002-532-006-000

California Monterey County Salinas 93901 South Salinas

124 Pine St, Salinas, CA

This home is located at 124 Pine St, Salinas, CA 93901 since 29 January 2014 and is currently estimated at $764,398, approximately $429 per square foot. This property was built in 1930. 124 Pine St is a home located in Monterey County with nearby schools including Lincoln Elementary School, Monterey Park Elementary School, and Mission Park Elementary School.

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