NOT LISTED FOR SALE

Estimated Value: $614,860 - $737,000

3 Beds
2 Baths
1,340 Sq Ft
$501/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $550,000 $410 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,212/month

65 Days on Market

About This Home

As of April 2021

This the opportunity you have been waiting for! You can live in a one unit while renting the other one. The first unit is 3 bedrooms/ 1 bath and the second unit is 2bedrooms/ 1 bath. Double pane windows and two long driveways with their own 1 car garage! Big backyard, Hurry it wont last!!

Last Listed By

Monica Figueroa

Berkshire Hathaway HS Real Time Realty License #01756509 Listed on: 11/03/2020

Berkshire Hathaway HS Real Time Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,803

Year Built

  • 1938

Lot Details

  • 6,852

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,852 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $13,200

Community Details

Overview

  • 1,340 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $800
  • Operating Expense $3,777
  • Gross Income $13,068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,803

Year Built

1938

Lot Details

0

Parking

2

Listing Details

  • Zoning: SFR
  • Subclass: Duplex
  • Age: 82
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Living Sq Ft: 1340
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage, Drive Through

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1573
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6850.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6850.00

Rental Info

  • Gross Rent Multiplier: 41.67
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 800
  • Expenses Total: 3777
  • Income Annual Gross: 13068.00
  • Income Annual Rental: 13200
  • Income Gross Scheduled: 13200
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2021
Sold by
Magana Florentino and Magana Trinidad
Bought by
Salcedo Francisco Moran and Moran Jessica Serrano
Total Days on Market
65
Current Estimated Value
$671,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 1998
Sold by
Gomez Joel and Gomez Joel M
Bought by
Magana Florentino and Magana Trinidad

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
Salcedo Francisco Moran $550,000 Chicago Title Company
Magana Florentino -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Salcedo Francisco Moran $412,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $550,000 0.0% $410 / Sq Ft
01/08/2021 01/08/21 Pending -- -- --
12/30/2020 12/30/20 For Sale $549,999 0.0% $410 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $549,999 0.0% $410 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $549,999 -- $410 / 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 $7,803 $583,664 $424,483 $159,181
2023 $7,661 $572,220 $416,160 $156,060
2022 $6,894 $561,000 $408,000 $153,000
2021 $3,011 $550,000 $400,000 $150,000
2020 $2,977 $241,735 $103,034 $138,701
2019 $3,069 $236,996 $101,014 $135,982
2018 $2,892 $232,350 $99,034 $133,316
2017 $2,999 $227,795 $97,093 $130,702
2016 $2,845 $223,330 $95,190 $128,140
2015 $2,819 $219,977 $93,761 $126,216
2014 $2,716 $215,669 $91,925 $123,744
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81818694

MLSListings

APN: 004-471-015-000