NOT LISTED FOR SALE

1502 Wheeler Dr Salinas, CA 93906

Harden Ranch Neighborhood

Estimated Value: $811,315 - $1,331,000

5 Beds
4 Baths
2,028 Sq Ft
$503/Sq Ft Est. Value

Last Sold August 21, 2015

Last sale price $450,000 $222 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $5,926/month

6 Days on Market

Highlights

  • 0.28 Acre Lot
  • Traditional Architecture
  • 4 Car Attached Garage
  • Vaulted Ceiling
  • Fireplace
  • Forced Air Heating System

About This Home

As of August 2015

Great investment opportunity in North Salinas! Rare duplex consisting of a 3BR/2BA and a 2BR/2BA, each with their own 2 car garage, laundry hookups and large backyards. New paint, carpet and vinyl in both units. Refurbished roof with a 5 year certification and new gutters. Separately metered for all utilities.

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 07/30/2015

Last Buyer's Agent

Gerry Bennett

Affinity Properties License #00992751

Property Details

Home Type

  • Multi-Family

Year Built

  • 1986

Lot Details

  • 0.28 Acre Lot
  • Sprinklers on Timer
  • Back Yard

Parking

  • 4 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Wood Shingle Roof

Interior Spaces

  • Low Flow Toliet
  • 2,028 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Range Hood
  • Dishwasher
  • No Kitchen Appliances

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $1,500
  • Manager Expense $2,880
  • Utility Expense $486
  • Operating Expense $10,866
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Year Built

1986

Lot Details

0

Parking

4

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2028
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1986

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Exhaust Fan, Hood Over Range, Hookups - Gas, No Appliances
  • Living Sq Ft: 2028
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Wood Shakes / Shingles
  • Yard/Grounds: Back Yard, Sprinklers - Auto
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Workshop In Garage

Utilities

  • Heating System: Fireplace, Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • High School: 582

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.2800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12197.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12197.00

Green Features

  • Energy Features: Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 11.81

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 1500
  • Expense Management: 2880
  • Expenses Total: 10866
  • Expenses Utility: 486
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2015
Closed on
Aug 18, 2015
Sold by
V & M Milne Properties Llc
Bought by
Abergel Carol and The Carol Abergel 1997 Revocab
Seller's Agent
Dale Handley
Town'N Country Realty
Buyer's Agent
Gerry Bennett
Affinity Properties
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Current Estimated Value
$1,020,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,438
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Jan 8, 2015
Sold by
Montgomery Victoria L and Merzbacher Marlene M
Bought by
V & M Milne Properties Llc

Purchase Details

Closed on
Oct 31, 2014
Sold by
Montgomery Victoria L and Merzbacher Marlene M
Bought by
Montgomery Victoria L and Merzbacher Marlene M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Abergel Carol $450,000 Old Republic Title Company
V & M Milne Properties Llc -- None Available
Montgomery Victoria L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2015 08/21/15 Sold $450,000 +5.9% $222 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
07/30/2015 07/30/15 For Sale $425,000 -- $210 / Sq Ft
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 $6,129 $532,703 $213,081 $319,622
2024 $6,129 $522,258 $208,903 $313,355
2023 $5,924 $512,018 $204,807 $307,211
2022 $5,702 $501,980 $200,792 $301,188
2021 $5,778 $492,138 $196,855 $295,283
2020 $5,329 $487,093 $194,837 $292,256
2019 $5,292 $477,543 $191,017 $286,526
2018 $5,221 $468,180 $187,272 $280,908
2017 $5,225 $459,000 $183,600 $275,400
2016 $5,229 $450,000 $180,000 $270,000
2015 $3,499 $292,388 $58,473 $233,915
2014 $3,266 $286,661 $57,328 $229,333
Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2015

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    4 in this area

    98 Total Sales

    Dale Handley
    Section Image

  • G

    Buyer's Agent in 2015

    Gerry Bennett

    Affinity Properties

    (831) 757-8920

    1 in this area

    19 Total Sales

    Gerry Bennett
    Section Image
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Map

Source: MLSListings

MLS Number: ML81497829

MLSListings

APN: 261-264-025-000

California Monterey County Salinas 93906 Harden Ranch

1502 Wheeler Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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