NOT LISTED FOR SALE

224 Soledad St Salinas, CA 93901

Downtown Salinas Neighborhood

Estimated Value: $668,170 - $957,000

4 Beds
2 Baths
1,536 Sq Ft
$519/Sq Ft Est. Value

Last Sold September 19, 2014

Last sale price $245,000 $160 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $4,452/month

6 Days on Market

Highlights

  • Mountain View
  • Wall to Wall Carpet
  • 1-Story Property

About This Home

As of September 2014

A fixer upper!!! Great investment opportunity to own in South Salinas.

Last Agent to Sell the Property

Roberto Lopez

Vanco Real Estate Executives License #01495964 Listed on: 08/20/2014

Last Buyer's Agent

Robert Reyes

Robert Reyes, Broker License #01873949

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,273

Parking

  • Carport

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet
  • Mountain Views

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1,250
  • The owner pays for garbage, gas, water

Community Details

Overview

  • 2 Units
  • 1,536 Sq Ft Building

Building Details

  • Insurance Expense $720
  • Utility Expense $540
  • Trash Expense $480
  • Operating Expense $4,045
  • Gross Income $1,250

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R1-4
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 159.51
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1536
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Living Sq Ft: 1536
  • Stories: 1
  • Laundry: Laundry Area - In All Units
  • Flooring: Carpet - Wall To Wall, Carpet, Varies By Unit

Exterior Features

  • Roof: Shingle
  • View: Mountains

Garage/Parking

  • Garage Parking Features: Carport

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6251.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6251.00
  • Lot Size Area Min Search: 6251.00
  • Maximum Lot Size: 6251.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 256.00

Multi Family

  • Expense Insurance: 720
  • Expenses Total: 4045
  • Expenses Utility: 540
  • Expense Trash: 480
  • Expense Water Sewer: 960
  • Income Annual Gross: 1250.00
  • Income Annual Rental: 1250
  • Income Gross Scheduled: 1250
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Utilities - Gas, Utilities - Water, Miscellaneous/Other
  • Owner Pays: Garbage, Gas, Water
  • Tenant Expenses: Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Garcia Ernesta V and Garcia Helen A
Bought by
Garcia Ernesto V and Garcia Helen A
Current Estimated Value
$797,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,000
Outstanding Balance
$228,349
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$569,374

Purchase Details

Closed on
Dec 2, 2016
Sold by
Garcia Ernesto V and Garcia Helen A
Bought by
Garcia Ernesto V and Garcia Helen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2014
Closed on
Sep 17, 2014
Sold by
Sims Gregory
Bought by
Garcia Ernesto V and Garcia Helen A
Seller's Agent
Roberto Lopez
Vanco Real Estate Executives
Buyer's Agent
Robert Reyes
Robert Reyes, Broker
List Price
$3,200,000
Sold Price
$245,000
Premium/Discount to List
-$2,955,000
-92.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%

Purchase Details

Closed on
Jul 13, 2002
Sold by
Simms Bessie Lee and Sims Bessie Lee
Bought by
Simms Cumby and Simms Bessie Lee
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
Garcia Ernesto V -- Old Republic Title Company
Garcia Ernesto V -- Old Republic Title Company
Garcia Ernesto V -- Old Republic Title Company
Garcia Ernesto V -- Old Republic Title Company
Garcia Ernesto V $245,000 Chicago Title Company
Simms Cumby -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Ernesto V $258,000
Closed Garcia Ernesto V $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2014 09/19/14 Sold $245,000 -92.3% $160 / Sq Ft
08/26/2014 08/26/14 Pending -- -- --
08/20/2014 08/20/14 For Sale $3,200,000 -- $2,083 / 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 $3,415 $294,439 $180,271 $114,168
2024 $3,415 $288,667 $176,737 $111,930
2023 $3,300 $283,008 $173,272 $109,736
2022 $3,177 $277,460 $169,875 $107,585
2021 $3,052 $272,021 $166,545 $105,476
2020 $2,968 $269,233 $164,838 $104,395
2019 $2,946 $263,955 $161,606 $102,349
2018 $2,908 $258,781 $158,438 $100,343
2017 $2,911 $253,708 $155,332 $98,376
2016 $2,913 $248,735 $152,287 $96,448
2015 $2,938 $245,000 $150,000 $95,000
2014 $731 $60,460 $24,030 $36,430
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Roberto Lopez

    Vanco Real Estate Executives

    Section Image

  • R

    Buyer's Agent in 2014

    Robert Reyes

    Robert Reyes, Broker

    Section Image
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Map

Source: MLSListings

MLS Number: ML81430610

MLSListings

APN: 002-224-004-000

California Monterey County Salinas 93901 Downtown Salinas

224 Soledad St, Salinas, CA

Not Listed for Sale

MultiFamily

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