NOT LISTED FOR SALE

17541 Orchard Ln Salinas, CA 93907

Estimated Value: $670,000 - $917,000

5 Beds
3 Baths
1,826 Sq Ft
$418/Sq Ft Est. Value

Sale Details

Date Sold: August 19, 2016

Last sale price $512,500 $281 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $4,558 / mo

156 Days on Market

Highlights

  • Traditional Architecture
  • Forced Air Heating System
  • 1-Story Property
  • Tile Flooring

About This Home

As of August 2016

Country Setting with 2 legal units , unit 1 is 3 bedroom 1.5 baths 1000 square feet . Unit 2 is 826 square feet 2 bedroom 1 bath . Both units have been recently updated in the past few years . Updated Bathrooms and Kitchen . Newer windows and roof , updated Electric and updated electric panels . Both units have their own pge meters and separate septic system , septic systems were recently pumped with clearance . Great property minutes from Shopping and great potential to live in one unit and rent the other . Current rents are a little low and could be raised with notice . Tenants are currently month to month . Buyers to verify square footage ext. More Photos to come !

Last Agent to Sell the Property

Nichole Smith

Blackhorse Real Estate License #01320631 Listed on: 01/03/2016

Blackhorse Real Estate

Last Buyer's Agent

Rossy Figueroa

Vanco Real Estate Executives License #01757253

Vanco Real Estate Executives

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 20,038 Sq Ft Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Permanent Foundation
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,826 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Well
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $30,000

Community Details

Overview

  • 1,826 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $800
  • Maintenance Expense $1,500
  • Operating Expense $6,800
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0.46 Acres

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1826
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 1826
  • Stories: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Permanent, Raised
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Assigned Spaces

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Septic Standard

Lot Info

  • Lot Acres: 0.4600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20037.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20037.60

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.33
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 800
  • Expense Maintenance: 1500
  • Expenses Total: 6800
  • Income Annual Gross: 30000.00
  • Income Annual Rental: 30000
  • Income Gross Scheduled: 30000
  • Income Includes: Lease
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2016
Closed on
Jun 21, 2016
Sold by
Alvarez Sal
Bought by
Anaya Jose Ivan
Seller's Agent
Nichole Smith
Blackhorse Real Estate
Buyer's Agent
Rossy Figueroa
Vanco Real Estate Executives
List Price
$550,000
Sold Price
$512,500
Premium/Discount to List
-$37,500
-6.82%
Current Estimated Value
$763,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,957
Avg. Annual Appreciation
4.21%
Original Mortgage
$410,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2006
Sold by
Alvarez Sal and Alvarez Michelle L
Bought by
Alvarez Sal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2003
Sold by
Bishop Richard
Bought by
Alvarez Sal and Alvarez Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage
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
Anaya Jose Ivan $512,500 Old Republic Title Company
Alvarez Sal -- Old Republic Title
Alvarez Sal $240,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Anaya Jose Ivan $410,000
Previous Owner Alvarez Sal $290,000
Previous Owner Alvarez Sal $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $512,500 -6.8% $281 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
01/03/2016 01/03/16 For Sale $550,000 -- $301 / 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 $6,456 $594,796 $290,145 $304,651
2024 $6,456 $583,134 $284,456 $298,678
2023 $6,342 $571,701 $278,879 $292,822
2022 $6,294 $560,492 $273,411 $287,081
2021 $6,056 $549,502 $268,050 $281,452
2020 $6,030 $543,869 $265,302 $278,567
2019 $5,891 $533,205 $260,100 $273,105
2018 $5,792 $522,750 $255,000 $267,750
2017 $5,473 $512,500 $250,000 $262,500
2016 $3,290 $288,928 $258,834 $30,094
2015 $3,163 $284,589 $254,947 $29,642
2014 $3,021 $271,000 $243,000 $28,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2016

    Nichole Smith

    Blackhorse Real Estate

    Section Image

  • R

    Buyer's Agent in 2016

    Rossy Figueroa

    Vanco Real Estate Executives

    Section Image
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Map

Source: MLSListings

MLS Number: ML81586073

MLSListings

APN: 125-021-009-000

California Monterey County Salinas 93907

17541 Orchard Ln, Salinas, CA

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