NOT LISTED FOR SALE

1261 Elm Ave Seaside, CA 93955

Estimated Value: $871,000 - $1,019,000

4 Beds
3 Baths
1,665 Sq Ft
$573/Sq Ft Est. Value

Last Sold January 08, 2019

Last sale price $660,000 $396 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,850/month

34 Days on Market

Highlights

  • City Lights View
  • Ceiling Fan
  • 1-Story Property
  • 3 Car Detached Garage
  • Vinyl Flooring

About This Home

As of January 2019

Seaside duplex with large units. Unit A has been newly remodeled in October 2018 and features new kitchen appliances, new gas wall furnace, new laminate flooring, and granite looking formica counters. Unit A has two bedrooms and two full bathrooms. Unit A also has its own washer dryer hookups. Estimated market rents are $1800. The complex has been painted in October 2018, a new roof on the three car garage in October 2018, and almost all windows are vinyl. Unit B was remodeled several years ago with granite looking formica counters, new appliances, and new cabinets. Unit B rent is $1250. Market rents are estimated at $1700.This unit features one large bedroom (340 estimated sq. ft) which might be able to be split into two bedrooms. Blinds are all new or a few years old. Both units have fenced backyards. Unit B has larger backyard.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/22/2018

Last Buyer's Agent

Pete Ruiz

KW Coastal Estates License #70010112

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,775

Year Built

  • 1969

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Sloped Down

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,665 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • City Lights Views
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Range Hood
  • Formica Countertops

Flooring

  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $39,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $600
  • Insurance Expense $829
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Utility Expense $802
  • Trash Expense $623
  • Operating Expense $14,453
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,775

Year Built

1969

Lot Details

0

Parking

3

Listing Details

  • Zoning: rs-12
  • Subclass: Duplex
  • Age: 49
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1665
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Countertop - Formica, Exhaust Fan, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1665
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • View: City, City Lights

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Detached Garage, On Street

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Monterey Peninsula Unified
  • Elementary School: Martin Luther King
  • High School: Seaside High
  • High School: 548
  • Elementary School: 1013

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.92
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 829
  • Expense Landscape: 600
  • Expense Maintenance: 3000
  • Expenses Other: 1000
  • Expenses Total: 14453
  • Expenses Utility: 802
  • Expense Trash: 623
  • Income Annual Gross: 39000.00
  • Income Annual Rental: 39000
  • Income Gross Scheduled: 39000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2019
Sold by
Richardson Michael
Bought by
Richardson Michael and Richardson Caitlin
Current Estimated Value
$954,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2018
Closed on
Jan 3, 2019
Sold by
Mackenzie Slyp0e Partnership
Bought by
Richardson Michael
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$495,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 29, 2018
Sold by
Richardson Caitlin
Bought by
Richardson Michael
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 28, 2018
Sold by
Vondrachenfels Christine Von and Vondrachenfels Nina Von
Bought by
Mackenzie & Slye Partnership
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$699,000
Sold Price
$660,000
Premium/Discount to List
-$39,000
-5.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2001
Sold by
Distler Popp Ingrid
Bought by
Vondrachenfels Nina and Vondrachenfels Christine

Purchase Details

Closed on
Nov 18, 1996
Sold by
Vondrachenfels Alec Von and Distler Popp Ingrid
Bought by
Vondrachenfels Alec Von

Purchase Details

Closed on
Oct 4, 1995
Sold by
Vondrachenfels Alec
Bought by
Vondrachenfels Alec and Distler Popp Ingrid
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
Richardson Michael -- First American Title Company
Richardson Michael $660,000 Chicago Title
Richardson Michael -- Chicago Title Salinas
Mackenzie & Slye Partnership -- None Available
Vondrachenfels Nina -- --
Vondrachenfels Alec Von -- --
Vondrachenfels Alec -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richardson Michael $490,000
Closed Richardson Michael $495,000
Closed Richardson Michael $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2019 01/08/19 Sold $660,000 -5.6% $396 / Sq Ft
11/26/2018 11/26/18 Pending -- -- --
10/22/2018 10/22/18 For Sale $699,000 -- $420 / 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 $7,775 $736,237 $362,541 $373,696
2024 $7,775 $721,802 $355,433 $366,369
2023 $7,750 $707,650 $348,464 $359,186
2022 $7,644 $693,776 $341,632 $352,144
2021 $7,533 $680,174 $334,934 $345,240
2020 $7,249 $673,200 $331,500 $341,700
2019 $7,607 $660,000 $325,000 $335,000
2018 $3,196 $278,092 $132,424 $145,668
2017 $2,964 $272,640 $129,828 $142,812
2016 $2,911 $267,295 $127,283 $140,012
2015 $2,870 $263,281 $125,372 $137,909
2014 $2,822 $258,125 $122,917 $135,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81728566

MLSListings

APN: 012-194-031-000