NOT LISTED FOR SALE

20790 Spence Rd Salinas, CA 93908

Estimated Value: $1,689,287

5 Acres
$337,857 Price per Acre
217,800 Sq Ft Lot

Last Sold October 14, 2016

Last sale price $1,050,000

Est. 61% increase in value since last sale

Current estimated payment $10,125/month

61 Days on Market

About This Lot

As of October 2016

Rare heavy industrial parcel located less than 1/2 mile from Hwy 101 in unincorporated Monterey County. Fully fenced property lies amongst auto dismantlers, distribution warehouses and manufacturing facilities. Great opportunity to take advantage of the agricultural prowess throughout the Salinas Valley. Property is located on Boozer Rd, just off Spence Rd south of Salinas on Hwy 101. Located less than .4 of a mile from Highway 101.

Last Agent to Sell the Property

Tanya Miraglia

Sherman & Boone Realtors License #01456894 Listed on: 04/05/2016

Last Buyer's Agent

Saul Juarez

Platinum Realtors Silicon Valley License #01473034

Property Details

Property Type

  • Land

Lot Details

  • 5 Acre Lot
  • Fenced
  • Level Lot

Utilities

  • Well

Property Details

Property Type

Land

Lot Details

5 Acres

Listing Details

  • Zoning: HI/B-5 5 AC MIN
  • Subclass: Other Commercial Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Bare Land, Commercial, Industrial - Heavy
  • Development Status: Build To Suit
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Fenced

Utilities

  • Sewer/Septic System: Unknown

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 5.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 217800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 217800.00
  • Parcel Access: Paved Road

Multi Family

  • Utilities: Electricity - On Site

MLS Schools

  • High School District Text: Salinas Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Oct 7, 2016
Sold by
Gates Cooper Mary E and Cooper Douglas W
Bought by
Biffco Llc
Seller's Agent
Tanya Miraglia
Sherman & Boone Realtors
Buyer's Agent
Saul Juarez
Platinum Realtors Silicon Valley
List Price
$1,400,000
Sold Price
$1,050,000
Premium/Discount to List
-$350,000
-25%
Current Estimated Value
$1,689,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$639,287
Avg. Annual Appreciation
5.22%
Original Mortgage
$933,000
Outstanding Balance
$739,403
Interest Rate
3.44%
Mortgage Type
Commercial
Estimated Equity
$949,884

Purchase Details

Closed on
Jun 13, 2016
Sold by
Gates Cooper Mary E and Cooper Douglas W
Bought by
Cooper Family Revocable Trust

Purchase Details

Closed on
Jun 1, 2005
Sold by
Gates Cooper Mary E
Bought by
Gates Cooper Mary E and Cooper Douglas W
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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Purchase History

Date Buyer Sale Price Title Company
Biffco Llc $1,050,000 First American Title Company
Cooper Family Revocable Trust -- First American Title Co Er S
Gates Cooper Mary E -- First American Title Co
Gates Cooper Mary E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Biffco Llc $933,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2016 10/14/16 Sold $1,050,000 -25.0% --
06/06/2016 06/06/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $1,400,000 -- --
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 $17,071 $1,218,612 $1,218,612 --
2024 $17,071 $1,194,718 $1,194,718 --
2023 $16,754 $1,171,293 $1,171,293 $0
2022 $15,134 $1,148,327 $1,148,327 --
2021 $15,092 $1,125,811 $1,125,811 $0
2020 $14,923 $1,114,268 $1,114,268 $0
2019 $15,352 $1,092,420 $1,092,420 $0
2018 $13,552 $1,071,000 $1,071,000 $0
2017 $14,071 $1,050,000 $1,050,000 $0
2016 $1,592 $118,659 $73,839 $44,820
2015 $2,314 $116,877 $72,730 $44,147
2014 $2,254 $114,589 $71,306 $43,283
Source: Public Records

Agents Affiliated with this Home

  • Tanya Miraglia

    Seller's Agent in 2016

    Tanya Miraglia

    Sherman & Boone Realtors

    (831) 588-9330

    3 Total Sales

    Tanya Miraglia
    Section Image

  • S

    Buyer's Agent in 2016

    Saul Juarez

    Platinum Realtors Silicon Valley

    Section Image
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Map

Source: MLSListings

MLS Number: ML81578602

MLSListings

APN: 137-021-034-000

California Monterey County Salinas 93908

20790 Spence Rd, Salinas, CA

Not Listed for Sale

Lots

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