NOT LISTED FOR SALE

Estimated Value: $568,665 - $762,000

4 Beds
2 Baths
1,680 Sq Ft
$386/Sq Ft Est. Value

Last Sold October 31, 2013

Last sale price $280,000 $167 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $3,731/month

3 Days on Market

Highlights

  • Neighborhood Views
  • Wall to Wall Carpet
  • 1-Story Property
  • Level Lot
  • Wall Furnace

About This Home

As of October 2013

GREAT DUPLEX IN SOUTH SALINAS, 2 UNITS--EACH 2 BEDROOMS 1 BATH, SEPARATE GAS METERS, SEPARATE ELECTRIC METERS, EACH UNIT HAS 1 CAR GARAGE AND PLEANTY OF OPEN PARKING, FRONT UNIT HAS NEW INTERIOR PAINT AND CARPETING. LIVE AND ONE AND RENT THE OTHER OR RENT BOTH UNITS AND COLLECT INCOME. PROPRTY IS OFFERED FOR SALE "AS IS" CONDITION.

Last Agent to Sell the Property

Alfred Ramirez

Ramirez Properties License #01095452 Listed on: 10/15/2013

Last Buyer's Agent

Alfred Ramirez

Ramirez Properties License #01095452 Listed on: 10/15/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • Level Lot

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry in Garage

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $27,600

Community Details

Overview

  • 2 Units
  • 1,680 Sq Ft Building

Building Details

  • Operating Expense $2,037
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: RM2.9
  • Subclass: Duplex
  • Sale Price Per Sq Ft: 166.67
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1680
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 1680
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Electric
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9400.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9400.00
  • Lot Size Area Min Search: 9400.00
  • Maximum Lot Size: 9400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.87

Multi Family

  • Expenses Total: 2037
  • Income Annual Gross: 27600.00
  • Income Annual Rental: 27600
  • Income Gross Scheduled: 27600
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Miscellaneous/Other
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2024
Sold by
Velasquez Rafael and Velasquez Luz
Bought by
Rafael And Luz Velasquez Living Trust and Velasquez
Current Estimated Value
$648,916

Purchase Details

Listed on
Oct 15, 2013
Closed on
Oct 21, 2013
Sold by
Cruz Mary P and Mary Cruz Family Trust
Bought by
Velasquez Rafael and Velasquez Luz
Seller's Agent
Alfred Ramirez
Ramirez Properties
Buyer's Agent
Alfred Ramirez
Ramirez Properties
List Price
$299,900
Sold Price
$280,000
Premium/Discount to List
-$19,900
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%

Purchase Details

Closed on
Sep 18, 2002
Sold by
Cruz Mary P and Cruz Rosie
Bought by
Cruz Mary P and The Mary Cruz Family Trust
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
Rafael And Luz Velasquez Living Trust -- None Listed On Document
Velasquez Rafael $280,000 Old Republic Title Company
Cruz Mary P -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2013 10/31/13 Sold $280,000 -6.6% $167 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
10/15/2013 10/15/13 For Sale $299,900 -- $179 / 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 $3,972 $343,230 $220,649 $122,581
2024 $3,972 $336,501 $216,323 $120,178
2023 $3,839 $329,904 $212,082 $117,822
2022 $3,695 $323,436 $207,924 $115,512
2021 $3,550 $317,096 $203,848 $113,248
2020 $3,453 $313,845 $201,758 $112,087
2019 $3,427 $307,692 $197,802 $109,890
2018 $3,383 $301,660 $193,924 $107,736
2017 $3,386 $295,746 $190,122 $105,624
2016 $3,389 $289,948 $186,395 $103,553
2015 $3,418 $285,594 $183,596 $101,998
2014 $3,190 $280,000 $180,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81337902

MLSListings

APN: 002-131-017-000