NOT LISTED FOR SALE

137 Pine Canyon Rd Salinas, CA 93908

River Road Neighborhood

Estimated Value: $1,245,766 - $1,448,000

5.11 Acres
$261,584 Price per Acre
222,592 Sq Ft Lot

Sale Details

Date Sold: March 3, 2017

Last sale price $405,000

Est. 230% increase in value since last sale

Current estimated payment $7,953 / mo

288 Days on Market

Highlights

  • Horse Property
  • Canyon View
  • Property is Fully Fenced
  • 5.11 Acre Lot

About This Lot

As of March 2017

Major Price Reduction! Great Pine Canyon Lot with 5.11 acres in a very private setting. This is your opportunity to build your new home the way you want in a very desirable area! Lot offers wonderful views of the Salinas Valley. Owner has plans that support a large home with multiple car garage. Water and Power is located on property. Owner states property is zoned for six separate senior houses. This lot gives you multiple uses for your desire.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 04/06/2016

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Property Type

  • Land

Lot Details

  • 5.11 Acre Lot
  • Property is Fully Fenced
  • Hillside Location
  • Mostly Level

Property Views

  • Canyon
  • Forest
  • Valley

Outdoor Features

  • Electricity Available at Street
  • Horse Property

Utilities

  • Septic Permit Required

Property Details

Property Type

Land

Lot Details

5.11 Acres

Listing Details

  • Zoning: RDR\5.1-D
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: Minor Subdivision (2-4 Parcels)
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Forest / Woods, Valley
  • Horse Property: Yes
  • Fencing: Complete Perimeter

Utilities

  • Sewer/Septic System: Septic Required

Lot Info

  • Lot Description: Grade - Hillside, Grade - Mostly Level
  • Lot Acres: 5.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 222591.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 222591.60
  • Parcel Access: Accessible, Gravel, Private Road - Share Access

Multi Family

  • Utilities: Electricity - Available At Street, Electricity - On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2018
Sold by
Adams Stephanie Mcmurtrie and Adams Eric J
Bought by
Adams Eric J and Adams Stephanie Mcmurtrie
Current Estimated Value
$1,336,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$652,000
Outstanding Balance
$560,709
Interest Rate
4.44%
Mortgage Type
Commercial
Estimated Equity
$775,983

Purchase Details

Listed on
Apr 6, 2016
Closed on
Feb 10, 2017
Sold by
Ferrasci Kenneth E
Bought by
Adams Stephanie Mcmurtrie and Adams Eric J
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
RECIP
Out of Area Office
List Price
$549,000
Sold Price
$405,000
Premium/Discount to List
-$144,000
-26.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.92%
Original Mortgage
$25,000
Interest Rate
4.09%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 29, 2011
Sold by
Ferrasci Kenneth E and Ferrasci Stephanie M
Bought by
Ferrasci Kenneth E

Purchase Details

Closed on
Oct 31, 2007
Sold by
Ferrasci Kenneth E
Bought by
Pr Ferrasci Kenneth E

Purchase Details

Closed on
Aug 27, 2007
Sold by
Alcove Coastal Enterprises Llc
Bought by
Separa Ferrasci Kenneth

Purchase Details

Closed on
Sep 15, 2005
Sold by
Barragan Pulido Ruben H and Barragan Pulido Yolanda
Bought by
Alcove Coastal Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 2, 2005
Sold by
Porter Gary R and Porter Jane G
Bought by
Barragan Pulido Ruben H and Barragan Pulido Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 18, 2005
Sold by
Barham Paul T and Porter Donna M
Bought by
Deoudes Christopher J and Deoudes Antonia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 30, 2002
Sold by
Tarp William T and Tarp Bradley J
Bought by
Barham Paul T and Barham Donna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.96%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adams Eric J -- Old Republic Title Co
Adams Stephanie Mcmurtrie $405,000 Chicago Title Company
Ferrasci Kenneth E -- None Available
Pr Ferrasci Kenneth E -- None Available
Ferrasci Kenneth E -- None Available
Separa Ferrasci Kenneth $755,000 Chicago Title Co
Alcove Coastal Enterprises Llc -- --
Barragan Pulido Ruben H $595,000 Stewart Title
Deoudes Christopher J $610,000 Stewart Title
Porter Gary R -- Stewart Title
Barham Paul T -- Stewart Title
Barham Paul T -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adams Eric J $652,000
Closed Adams Stephanie Mcmurtrie $25,000
Previous Owner Deoudes Christopher J $240,000
Previous Owner Barham Paul T $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2017 03/03/17 Sold $405,000 -26.2% --
01/20/2017 01/20/17 Pending -- -- --
04/06/2016 04/06/16 For Sale $549,000 -- --
Source: MLSListings

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 $10,982 $985,402 $470,034 $515,368
2024 $10,982 $966,081 $460,818 $505,263
2023 $10,590 $947,139 $451,783 $495,356
2022 $10,644 $928,569 $442,925 $485,644
2021 $10,176 $910,363 $434,241 $476,122
2020 $9,778 $901,029 $429,789 $471,240
2019 $9,548 $860,362 $421,362 $439,000
2018 $4,626 $413,100 $413,100 $0
2017 $4,731 $405,000 $405,000 $0
2016 $2,540 $220,000 $220,000 $0
2015 $2,344 $199,000 $199,000 $0
2014 $2,269 $199,000 $199,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2017

    Bill Backus

    Backus Properties

    (831) 262-9730

    5 in this area

    82 Total Sales

    Bill Backus
    Section Image

  • R

    Buyer's Agent in 2017

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81614262

MLSListings

APN: 416-449-016-000

California Monterey County Salinas 93908 River Road

137 Pine Canyon Rd, Salinas, CA

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