NOT LISTED FOR SALE

1502 Wheeler Dr Salinas, CA 93906

Harden Ranch Neighborhood

Estimated Value: $837,466 - $935,000

5 Beds
4 Baths
2,028 Sq Ft
$440/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2015

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

Est. 94% increase in value since last sale

Current estimated payment $5,407 / mo

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

Mike Handley

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

Last Buyer's Agent

Gerry Bennett

Affinity Properties License #00992751

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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Property Details

Home Type

  • Multi-Family

Year Built

  • 1986

Lot Details

  • 12,197 Sq Ft 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

0.28 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Mike 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
$874,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,588
Avg. Annual Appreciation
6.38%

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Harden Ranch, CA

  • Eric Wason Real Estate Agent - M2 Realty Group

    Eric Wason

    M2 Realty Group

    (831) 243-4238

    10 Total Sales

    1 in Harden Ranch

    $630,000 Price

    Eric Wason
     Section Image
  • Clara Rivera Luna Real Estate Agent - Ikonik Realty

    Clara Rivera Luna

    Ikonik Realty

    (831) 230-7042

    25 Total Sales

    2 in Harden Ranch

    $615K - $685K Price Range

    Clara Rivera Luna
     Section Image
  • Jorge Edeza Real Estate Agent - Remax Property Experts

    Jorge Edeza

    Remax Property Experts

    (831) 273-8618

    107 Total Sales

    7 in Harden Ranch

    $659K - $812K Price Range

    Jorge Edeza
     Section Image
  • Tom Duggan IV Real Estate Agent - Realty One Group Infinity

    Tom Duggan IV

    Realty One Group Infinity

    (831) 220-3471

    11 Total Sales

    1 in Harden Ranch

    $660,000 Price

    Tom Duggan IV
     Section Image
  • Dani M. Wilcox Real Estate Agent - KW Coastal Estates

    Dani M. Wilcox

    KW Coastal Estates

    (831) 273-6963

    54 Total Sales

    2 in Harden Ranch

    $647K - $750K Price Range

    Dani M. Wilcox
     Section Image
  • Anna Abad Real Estate Agent - Steinbeck Real Estate, Inc.

    Anna Abad

    Responds Quickly

    Steinbeck Real Estate, Inc.

    (831) 273-4584

    45 Total Sales

    7 in Harden Ranch

    $405K - $813K Price Range

    Anna Abad
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Old Republic Title Company
V & M Milne Properties Llc -- None Available
Montgomery Victoria L -- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,695 $710,000 $350,000 $360,000
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

  • Mike Handley Real Estate Agent - Town'N Country Realty

    Seller's Agent in 2015

    Mike Handley

    Town'N Country Realty

    (831) 424-0001

    4 in this area

    92 Total Sales

    Mike Handley
    Section Image

  • GB

    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

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