NOT LISTED FOR SALE

224 Soledad St Salinas, CA 93901

Downtown Salinas Neighborhood

Estimated Value: $489,000 - $905,000

4 Beds
2 Baths
1,536 Sq Ft
$482/Sq Ft Est. Value

Sale Details

Date Sold: September 19, 2014

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

Est. 202% increase in value since last sale

Current estimated payment $4,276 / mo

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

6,273 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2020
Sold by
Bought by
Current Estimated Value
$740,296

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
$511,947

Purchase Details

Closed on
Dec 2, 2016
Sold by
Bought by

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
Bought by
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
9.87%

Purchase Details

Closed on
Jul 13, 2002
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title Company
-- Old Republic Title Company
-- Old Republic Title Company
-- Old Republic Title Company
$245,000 Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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