NOT LISTED FOR SALE

Estimated Value: $832,000 - $1,061,000

6 Beds
4 Baths
2,530 Sq Ft
$361/Sq Ft Est. Value

Last Sold April 02, 2014

Last sale price $380,000 $150 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $5,294/month

78 Days on Market

Highlights

  • Neighborhood Views
  • Forced Air Heating System
  • Wall to Wall Carpet

About This Home

As of April 2014

Major Price drop, Great investment property in South Salinas! Both units are two-story, 3 bedroom 1 1/2 bathroom with low maintenance landscaping. Fenced backyards and carport parking for each unit. Please do not disturb tenants.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 11/26/2013

Last Buyer's Agent

Julia Martin

Blue Moon Realty License #01706937

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,189

Year Built

  • 1972

Lot Details

  • 7,492

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,530 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $31,800
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,530 Sq Ft Building

Building Details

  • Insurance Expense $1,169
  • Maintenance Expense $1,000
  • Operating Expense $5,518
  • Gross Income $30,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,189

Year Built

1972

Lot Details

0

Listing Details

  • Zoning: Resid
  • Subclass: Duplex
  • Age: 42
  • Sale Price Per Sq Ft: 150.20
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2530
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Living Sq Ft: 2530
  • Stories: 2
  • Laundry: Laundry Area - In All Units
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air
  • 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: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7500.00
  • Lot Size Area Min Search: 7500.00
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 12.55

Multi Family

  • Expense Insurance: 1169
  • Expense Maintenance: 1000
  • Expenses Total: 5518
  • Expense Water Sewer: 443
  • Income Annual Gross: 30210.00
  • Income Annual Rental: 31800
  • Income Gross Scheduled: 31800
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 1590
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2013
Closed on
Mar 26, 2014
Sold by
Casey Patrick S M
Bought by
Martin Scott and Martin Julia
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Julia Martin
Blue Moon Realty
List Price
$449,000
Sold Price
$380,000
Premium/Discount to List
-$69,000
-15.37%
Current Estimated Value
$912,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$532,652
Avg. Annual Appreciation
7.46%
Original Mortgage
$266,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2001
Sold by
Sekreta E Joseph and Sekreta Leonie M
Bought by
Casey Patrick S M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
6.92%

Purchase Details

Closed on
Apr 29, 1998
Sold by
Sekreta Emanuel Joseph and Sekreta Joseph E
Bought by
Sekreta E Joseph and Sekreta Leonie M

Purchase Details

Closed on
Apr 1, 1994
Sold by
Gorgulho Angelo F and Gorgulho Angelina
Bought by
Gorgulho Angelo F and Gorgulho Angelina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.38%
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
Martin Scott $380,000 Chicago Title Company
Casey Patrick S M $370,000 Old Republic Title Company
Sekreta E Joseph -- --
Gorgulho Angelo F -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Scott $262,000
Closed Martin Scott $262,000
Closed Martin Scott $266,000
Previous Owner Casey Patrick Sm $283,000
Previous Owner Casey Patrick S M $330,400
Previous Owner Casey Patrick S M $277,500
Previous Owner Gorgulho Angelo F $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2014 04/02/14 Sold $380,000 -15.4% $150 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
11/26/2013 11/26/13 For Sale $449,000 -- $177 / 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 $5,189 $465,815 $183,874 $281,941
2024 $5,189 $456,682 $180,269 $276,413
2023 $5,003 $447,729 $176,735 $270,994
2022 $5,028 $438,951 $173,270 $265,681
2021 $4,808 $430,345 $169,873 $260,472
2020 $4,697 $425,934 $168,132 $257,802
2019 $4,669 $417,584 $164,836 $252,748
2018 $4,603 $409,397 $161,604 $247,793
2017 $4,707 $401,371 $158,436 $242,935
2016 $4,538 $393,502 $155,330 $238,172
2015 $4,556 $387,592 $152,997 $234,595
2014 $4,271 $375,000 $100,000 $275,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81341961

MLSListings

APN: 207-163-001-000