$502,500
SOLD SEP 28, 2024

214 Bassett St King City, CA 93930

2 Beds
3 Baths
1,505 Sq Ft
7,501 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

9% Below List Price

95 Days on Market

About This Home

As of September 2024

Great potential, per city, the next owner is able to build a Commercial Village, in this Prime "Village Core" location in the heart of King City, offering a rare opportunity for a seamless blend of commercial and residential living. Situated on a generous 7,500 sq ft lot, this property epitomizes convenience and versatility, enhancing your lifestyle in every aspect. Immerse yourself in the vibrant atmosphere of King City with easy access to local shops, restaurants, parks, and schools, all just a stone's throw away from your doorstep. Two distinct commercial spaces thoughtfully designed to accommodate a variety of business ventures. With a cozy 2-bedroom, 1-bathroom unit, offering an opportunity for additional rental income. Embrace the potential of this unique property and unlock endless possibilities for commercial success and residential comfort.

Last Agent to Sell the Property

Gabriel Ramirez Perez

Realty World Dominion License #01895033 Listed on: 05/03/2024

Last Buyer's Agent

Sigifredo Ponce

Berkshire Hathaway HS Real Time Realty License #01740281

Berkshire Hathaway HS Real Time Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,171

Year Built

  • 1900

Lot Details

  • 7,501 Sq Ft Lot

Home Design

  • Composition Roof

Interior Spaces

  • 1,505 Sq Ft Home
  • Laminate Flooring
  • Crawl Space

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Sewer Connection Less Than 500 Feet Away

Listing and Financial Details

  • Total Actual Rent $1

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1
  • Insurance Expense $1
  • Maintenance Expense $1
  • Manager Expense $1
  • Other Expense $1
  • Utility Expense $1
  • Trash Expense $1
  • Operating Expense $8
  • Gross Income $2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,171

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: Mixed House
  • Subclass: Multiple Dwellings / Structures
  • Age: 124
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1505
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Living Sq Ft: 1505
  • Flooring: Laminate

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 10
  • Garage Parking Features: Off-Street Parking, Parking Area

Utilities

  • Cooling System: Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connections - Less Than 500 Feet Away

Schools

  • School District: King City Joint Union High

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 274999.50
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1
  • Expense Landscape: 1
  • Expense Maintenance: 1
  • Expense Management: 1
  • Expenses Other: 1
  • Expenses Total: 8
  • Expenses Utility: 1
  • Expense Trash: 1
  • Income Annual Gross: 2.00
  • Income Annual Rental: 1
  • Income Gross Scheduled: 2
  • Income Other: 1
  • Meters: Master Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Sep 17, 2024
Sold by
Maria T Vega Family Trust and Vega Maria T
Bought by
Morales Kimberly Oddallys Bon
Seller's Agent
Gabriel Ramirez Perez
Realty World Dominion
Buyer's Agent
Sigifredo Ponce
Berkshire Hathaway HS Real Time Realty
List Price
$549,999
Sold Price
$502,500
Premium/Discount to List
-$47,499
-8.64%
Views
32
Current Estimated Value
$514,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,303
Avg. Annual Appreciation
2.64%
Original Mortgage
$351,750
Outstanding Balance
$348,485
Interest Rate
6.49%
Mortgage Type
Seller Take Back
Estimated Equity
$166,318

Purchase Details

Closed on
Jul 20, 2021
Sold by
Vega Maria T and Ochoa Maria T
Bought by
Vega Maria T and Maria T Vega Family Trust

Purchase Details

Closed on
Jul 1, 2009
Sold by
Ochoa Salvador
Bought by
Ochoa Maria T

Purchase Details

Closed on
Apr 26, 1995
Sold by
Castillo Ernest and Castillo Sandra F
Bought by
Beneficial California Inc
Source: Public Records

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 Type Sale Price Title Company
Grant Deed $502,500 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Trustee Deed $97,005 Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $351,750 Seller Take Back
Previous Owner $200,000 Commercial
Previous Owner $200,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2024 09/28/24 Sold $502,500 -8.6% $334 / Sq Ft
08/06/2024 08/06/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $549,999 -- $365 / 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 $3,171 $502,500 $325,000 $177,500
2024 $3,171 $502,500 $325,000 $177,500
2023 $3,218 $267,921 $86,890 $181,031
2022 $3,032 $262,669 $85,187 $177,482
2021 $2,896 $257,519 $83,517 $174,002
2020 $2,932 $254,879 $82,661 $172,218
2019 $2,864 $249,883 $81,041 $168,842
2018 $2,818 $244,984 $79,452 $165,532
2017 $2,768 $240,182 $77,895 $162,287
2016 $2,675 $235,473 $76,368 $159,105
2015 $2,633 $231,937 $75,221 $156,716
2014 $2,607 $227,395 $73,748 $153,647
Source: Public Records

Agents Affiliated with this Home

  • Gabriel Ramirez Perez

    Seller's Agent in 2024

    Gabriel Ramirez Perez

    Realty World Dominion

    (408) 384-9055

    3 in this area

    52 Total Sales

    Gabriel Ramirez Perez
    Section Image
  • Sigifredo Ponce

    Buyer's Agent in 2024

    Sigifredo Ponce

    Berkshire Hathaway HS Real Time Realty

    (831) 261-3758

    5 in this area

    193 Total Sales

    Sigifredo Ponce
    Section Image
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Map

Source: MLSListings

MLS Number: ML81963861

MLSListings

APN: 026-193-005-000

California Monterey County King City 93930

214 Bassett St, King City, CA

This home is located at 214 Bassett St, King City, CA 93930 and is currently priced at $502,500, approximately $333 per square foot. This property was built in 1900. 214 Bassett St is a home located in Monterey County with nearby schools including Santa Lucia Elementary School, Del Rey Elementary School, and Chalone Peaks Middle School.

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