NOT LISTED FOR SALE

20240 Spence Rd Salinas, CA 93908

Estimated Value: $2,944,000

4 Beds
2.5 Baths
2,922 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold January 12, 2017

Last sale price $3,250,000 $1,112 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $20,528/month

141 Days on Market

Highlights

  • Horse Property
  • Craftsman Architecture
  • Wood Flooring
  • 9.5 Acre Lot
  • Valley View
  • Marble Countertops

About This Home

As of January 2017

Also includes parcel 137-121-011, 11.3 acres with 177,320 sq.ft of greenhouses, 3,072 sq. foot packing shed and 400 Sq. ft Cooler. Own water well and septic. House has been nicely maintained with an attached office behind the two car garage with separate entrance. Current use is a nursery. Mobile home included on property. Tenant rights apply, please do not go without appt.

Last Listed By

Gloria Ledesma

Pinnacles Real Estate Group License #01081566 Listed on: 06/09/2016

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $48,602

Year Built

  • Built in 1983

Lot Details

  • 9.5 Acre Lot
  • Back Yard Fenced
  • Zoning described as Commerical

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Wood Shingle Roof

Interior Spaces

  • 2,922 Sq Ft Home
  • Wood Burning Fireplace
  • Separate Family Room
  • Dining Area
  • Den
  • Valley Views
  • Laundry Room

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Marble Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Horse Property
  • Gazebo

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Well
  • Private Sewer

Community Details

Listing and Financial Details

  • Assessor Parcel Number 137-121-012-000

Property Details

Property Type

Other

Est. Annual Taxes

$48,602

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Style: Craftsman
  • Age: 33
  • Listing Class: Residential
  • Structure Sq Ft: 2922
  • Incorporated: Yes
  • Year Built: 1983
  • Zoning Description: Commerical
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area
  • Kitchen: Cooktop - Electric, Countertop - Marble, Dishwasher, Microwave
  • Living Sq Ft: 2922
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Carpet, Hardwood, Laminate
  • Additional Rooms: Den / Study / Office, Laundry Room
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Wood Shakes / Shingles
  • View: Valley
  • Yard/Grounds: Gazebo
  • Horse Property: Yes
  • Fencing: Fenced Back
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Private

Schools

  • School District: Salinas Union High

Lot Info

  • Parcel Number: 137-121-012-000
  • Lot Acres: 9.5000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 413820.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 413820.00

Multi Family

  • Utilities: Individual Electric Meters

MLS Schools

  • High School District Text: Salinas Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Dec 6, 2016
Sold by
Baba Makoto
Bought by
Salinas Quality Investments Llc
Seller's Agent
Gloria Ledesma
Pinnacles Real Estate Group
Buyer's Agent
Gloria Ledesma
Pinnacles Real Estate Group
List Price
$2,999,999
Sold Price
$3,250,000
Premium/Discount to List
$250,001
8.33%
Total Days on Market
141
Current Estimated Value
$2,944,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$306,000

Purchase Details

Closed on
Dec 12, 2011
Sold by
Baba Makoto
Bought by
Baba Makoto

Purchase Details

Closed on
Oct 27, 1994
Sold by
Baba Makoto and Baba Tomoko
Bought by
Baba Makoto and Baba Tomoko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
8.7%
Mortgage Type
Commercial

Range of Values:

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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
Salinas Quality Investments Llc $3,250,000 Old Republic Title Company
Baba Makoto -- None Available
Baba Makoto -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baba Makoto $228,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2017 01/12/17 Sold $3,250,000 +8.3% $1,112 / Sq Ft
10/29/2016 10/29/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $2,999,999 0.0% $1,027 / Sq Ft
08/29/2016 08/29/16 Pending -- -- --
08/11/2016 08/11/16 For Sale $2,999,999 0.0% $1,027 / Sq Ft
07/01/2016 07/01/16 Price Changed $2,999,999 -21.1% $1,027 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $3,800,000 -- $1,300 / 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
2024 $48,602 $3,595,538 $2,702,344 $893,194
2023 $47,712 $3,525,038 $2,649,357 $875,681
2022 $42,971 $3,455,920 $2,597,409 $858,511
2021 $42,978 $3,388,158 $2,546,480 $841,678
2020 $42,509 $3,358,092 $2,520,369 $837,723
2019 $43,850 $3,292,339 $2,470,950 $821,389
2018 $41,364 $3,227,450 $2,422,500 $804,950
2017 $13,098 $936,091 $126,206 $809,885
2016 $9,509 $690,817 $427,500 $263,317
2015 -- $690,817 $427,500 $263,317
2014 -- $595,817 $332,500 $263,317
Source: Public Records

Agents Affiliated with this Home

  • Gloria Ledesma

    Seller's Agent in 2017

    Gloria Ledesma

    Pinnacles Real Estate Group

    (831) 970-9668

    37 Total Sales

    Gloria Ledesma
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Map

Source: MLSListings

MLS Number: ML81589842

MLSListings

APN: 137-121-012-000

California Monterey County Salinas 93908

20240 Spence Rd, Salinas, CA

Homes for Sale in Salinas, CA

This home is located at 20240 Spence Rd, Salinas, CA 93908 since 09 June 2016 and is currently estimated at $2,944,000, approximately $1,007 per square foot. This property was built in 1983. 20240 Spence Rd 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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