NOT LISTED FOR SALE

1524 First Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $608,000 - $685,411

2 Beds
2 Baths
1,469 Sq Ft
$437/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $550,000 $374 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,029/month

4 Days on Market

About This Home

As of November 2022

Duplex!!! Each unit has 1 bedroom, 1 bathroom, 1 car garage with a nice size backyard. Double pane windows and 1 year old composition roof. Live in one and rent the other.

Last Agent to Sell the Property

Vanessa Coria

Elite Realty License #02015502 Listed on: 09/13/2022

Co-Listed By

Fabian Coria

Elite Realty License #01424400

Last Buyer's Agent

Juliang He

Advantage Financial Services License #01869380

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,508

Year Built

  • 1948

Lot Details

  • 8,398

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,469 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 8,398 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $28,440

Community Details

Overview

  • 1,469 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Manager Expense $2,376
  • Utility Expense $960
  • Trash Expense $720
  • Operating Expense $6,953
  • Gross Income $28,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,508

Year Built

1948

Lot Details

0

Parking

1

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 74
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1469
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1469
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1928
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.81
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Management: 2376
  • Expenses Total: 6953
  • Expenses Utility: 960
  • Expense Trash: 720
  • Income Annual Gross: 28440.00
  • Income Annual Rental: 28440
  • Income Gross Scheduled: 28440
  • Income Includes: Rents
  • Meters: Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Nov 2, 2022
Sold by
Sidhu Sarbag S
Bought by
Takhar Akashdeep
Seller's Agent
Vanessa Coria
Elite Realty
Buyer's Agent
Juliang He
Advantage Financial Services
List Price
$535,000
Sold Price
$550,000
Premium/Discount to List
$15,000
2.8%
Views
15
Current Estimated Value
$641,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,853
Avg. Annual Appreciation
5.51%
Source: Public Records

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
Takhar Akashdeep -- Chicago Title
Takhar Akashdeep $550,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $550,000 +2.8% $374 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $535,000 -- $364 / 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 $7,508 $572,220 $270,504 $301,716
2024 $7,508 $561,000 $265,200 $295,800
2023 $7,371 $550,000 $260,000 $290,000
2022 $1,697 $550,000 $260,000 $290,000
2021 $1,697 $131,328 $60,036 $71,292
2020 $1,679 $129,982 $59,421 $70,561
2019 $1,729 $127,434 $58,256 $69,178
2018 $1,628 $124,936 $57,114 $67,822
2017 $1,689 $122,488 $55,995 $66,493
2016 $1,603 $120,088 $54,898 $65,190
2015 $1,590 $118,285 $54,074 $64,211
2014 $1,534 $115,969 $53,015 $62,954
Source: Public Records

Agents Affiliated with this Home

  • Vanessa Coria

    Seller's Agent in 2022

    Vanessa Coria

    Elite Realty

    (831) 210-4351

    5 in this area

    36 Total Sales

    Vanessa Coria
    Section Image
  • Fabian Coria

    Seller Co-Listing Agent in 2022

    Fabian Coria

    Elite Realty

    (831) 210-1139

    5 in this area

    30 Total Sales

    Fabian Coria
    Section Image

  • J

    Buyer's Agent in 2022

    Juliang He

    Advantage Financial Services

    (831) 442-7580

    4 in this area

    12 Total Sales

    Juliang He
    Section Image
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Map

Source: MLSListings

MLS Number: ML81907210

MLSListings

APN: 004-271-017-000

California Monterey County Salinas 93905 East Salinas

1524 First Ave, Salinas, CA

This home is located at 1524 First Ave, Salinas, CA 93905 since 13 September 2022 and is currently estimated at $641,853, approximately $436 per square foot. This property was built in 1948. 1524 First Ave is a home located in Monterey County with nearby schools including Bardin Elementary School, El Sausal Middle School, and Alisal High School.

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