NOT LISTED FOR SALE

218 Lang St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $775,767 - $864,000

4 Beds
2 Baths
1,776 Sq Ft
$467/Sq Ft Est. Value

Last Sold July 11, 2018

Last sale price $599,000 $337 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,158/month

16 Days on Market

About This Home

As of July 2018

GREAT opportunity in South Salinas DUPLEX property has been well maintained All windows have been upgraded, Both units have microwaves, dishwashers, disposals, stoves, refrigerators, and upgraded vertical blinds. Units in Good Condition With Upgraded Interiors. Fully Remodeled in 2009 & 2012 Including Kitchens / Bathrooms / Flooring. Unit Mix: (2) 2 Bedroom / 1 Bath Units Each Unit Has an Attached One Car Garage with laundry hookups. These units are immaculate move in ready

Last Agent to Sell the Property

Tami Monasmith

Vanco Real Estate Executives License #01867113 Listed on: 05/11/2018

Last Buyer's Agent

Tony Lupina

Legacy Real Estate & Associates License #00855775

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,655

Year Built

  • 1964

Lot Details

  • 6,499

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,776 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,499 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $900
  • Operating Expense $6,000
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,655

Year Built

1964

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1776
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 1776
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.64
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 900
  • Expenses Total: 6000
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2017
Sold by
Macias Adrian and Macias Goretty
Bought by
Lucgjonaj Nick
Current Estimated Value
$829,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2015
Closed on
Apr 27, 2016
Sold by
Brown Daniel L and Brown Sharyn L
Bought by
Macias Adrian and Macias Goretty
Seller's Agent
Erik Nielsen
SiliconValley MultiFamilyGroup
Buyer's Agent
Erik Nielsen
SiliconValley MultiFamilyGroup
List Price
$435,000
Sold Price
$425,000
Premium/Discount to List
-$10,000
-2.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%
Original Mortgage
$381,562
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 11, 2003
Sold by
Brown Daniel L and Brown Sharyn L
Bought by
Brown Daniel L and Brown Sharyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,000
Interest Rate
5.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 17, 2003
Sold by
Brown Daniel L and Brown Sharyn L
Bought by
Brown Daniel L and Brown Sharyn L
Source: Public Records

Range of Values:

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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
Lucgjonaj Nick $599,000 Chicago Title Co
Macias Adrian $425,000 Chicago Title Company
Brown Daniel L -- Chicago Title Company
Brown Daniel L -- Financial Title Company
Brown Daniel L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucgjonaj Nick $399,000
Previous Owner Macias Adrian $382,300
Previous Owner Macias Adrian $381,562
Previous Owner Brown Daniel L $233,000
Previous Owner Brown Daniel L $216,000
Previous Owner Brown Daniel L $142,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2018 07/11/18 Sold $599,000 0.0% $337 / Sq Ft
05/28/2018 05/28/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $599,000 +40.9% $337 / Sq Ft
05/16/2016 05/16/16 Sold $425,000 -2.3% $239 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
12/01/2015 12/01/15 For Sale $435,000 -- $245 / 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 $7,655 $668,190 $245,412 $422,778
2024 $7,655 $655,089 $240,600 $414,489
2023 $7,397 $642,245 $235,883 $406,362
2022 $7,120 $629,653 $231,258 $398,395
2021 $6,840 $617,308 $226,724 $390,584
2020 $6,651 $610,980 $224,400 $386,580
2019 $6,605 $599,000 $220,000 $379,000
2018 $4,922 $442,170 $156,060 $286,110
2017 $4,926 $433,500 $153,000 $280,500
2016 $2,724 $233,022 $93,236 $139,786
2015 $2,748 $229,523 $91,836 $137,687
2014 $2,565 $225,028 $90,038 $134,990
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tami Monasmith

    Vanco Real Estate Executives

    Section Image

  • T

    Buyer's Agent in 2018

    Tony Lupina

    Legacy Real Estate & Associates

  • E

    Seller's Agent in 2016

    Erik Nielsen

    SiliconValley MultiFamilyGroup

  • R

    Buyer Co-Listing Agent in 2016

    RECIP

    Out of Area Office

  • M

    Buyer Co-Listing Agent in 2016

    Maryville Poe

    Real Estate Masters

See All Agents

Map

Source: MLSListings

MLS Number: ML81705190

MLSListings

APN: 002-411-028-000

California Monterey County Salinas 93901 South Salinas

218 Lang St, Salinas, CA

This home is located at 218 Lang St, Salinas, CA 93901 since 11 May 2018 and is currently estimated at $829,692, approximately $467 per square foot. This property was built in 1964. 218 Lang St is a home located in Monterey County with nearby schools including Mission Park Elementary School, Lincoln Elementary School, and University Park Elementary School.

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