NOT LISTED FOR SALE

230 Riker Terrace Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $702,000 - $783,000

-- Bed
3 Baths
1,885 Sq Ft
$398/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $300,000 $159 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $4,567/month

12 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Walk-In Closet
  • Victorian Architecture
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of March 2020

South Salinas Contractor / Investor Special! Two homes on one Tax Lot, These properties are non habitable and have not been occupied since approx 1989 earthquake. The front Victorian house is a 3 bedroom, One bath, Back unit is a one bedroom / one bath. Records show sq footage of 1895 for buildings and a lot size of 5400 sq ft. Great location with possibilities!

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 02/26/2020

Last Buyer's Agent

Amy Salmina

Coast & Valley Properties, Inc. License #01494129

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,746

Year Built

  • 1895

Lot Details

  • 5,401

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Victorian Architecture
  • Mudsill Foundation
  • Wood Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 1,885 Sq Ft Home
  • 1-Story Property
  • High Ceiling

Flooring

  • Wood
  • Carpet
  • Vinyl

Additional Features

  • 5,401 Sq Ft Lot
  • No Heating

Community Details

  • 1,885 Sq Ft Building
  • Operating Expense $1,349

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,746

Year Built

1895

Lot Details

0

Parking

2

Listing Details

  • Zoning: multi
  • Subclass: Duplex
  • Style: Victorian
  • Age: 125
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1895

Interior Features

  • Living Sq Ft: 1885
  • Stories: 1
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Mudsill
  • Roof: Composition, Wood Shakes / Shingles

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 1
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: No Heating
  • Sewer/Septic System: Tbd

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Available - Not On Site
  • Expenses Total: 1349
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax
  • Vacancy Factor: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
Bas Properties Llc
Bought by
Salmina William J and Salmina Amy M
Current Estimated Value
$719,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Outstanding Balance
$540,458
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$189,044

Purchase Details

Listed on
Feb 26, 2020
Closed on
Mar 16, 2020
Sold by
Doll Walker G and The Doll Family Trust
Bought by
Salmina William J and Salmina Amy M
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Amy Salmina
Coast & Valley Properties, Inc.
List Price
$320,000
Sold Price
$300,000
Premium/Discount to List
-$20,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.89%
Original Mortgage
$180,000
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Salmina William J -- Chicago Title Company
Salmina William J $300,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salmina William J $585,000
Previous Owner Salmina William J $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2020 03/24/20 Sold $300,000 -6.3% $159 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/26/2020 02/26/20 For Sale $320,000 -- $170 / 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 $7,746 $675,362 $318,362 $357,000
2024 $7,746 $662,120 $312,120 $350,000
2023 $3,896 $656,000 $306,000 $350,000
2022 $3,747 $328,169 $283,405 $44,764
2021 $3,396 $303,108 $277,849 $25,259
2020 $820 $70,198 $38,517 $31,681
2019 $809 $68,822 $37,762 $31,060
2018 $799 $67,473 $37,022 $30,451
2017 $799 $66,151 $36,297 $29,854
2016 $799 $64,855 $35,586 $29,269
2015 $806 $63,882 $35,052 $28,830
2014 $755 $62,632 $34,366 $28,266
Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2020

    Bill Backus

    Backus Properties

    (831) 262-9730

    29 in this area

    80 Total Sales

    Section Image
  • Amy Salmina

    Buyer's Agent in 2020

    Amy Salmina

    Coast & Valley Properties, Inc.

    (831) 970-9540

    4 in this area

    21 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81784200

MLSListings

APN: 002-263-025-000

California Monterey County Salinas 93901 South Salinas

230 Riker Terrace, Salinas, CA

This home is located at 230 Riker Terrace, Salinas, CA 93901 since 26 February 2020 and is currently estimated at $749,725, approximately $397 per square foot. This property was built in 1895. 230 Riker Terrace is a home located in Monterey County with nearby schools including Roosevelt Elementary School, Laurel Wood Elementary School, and Washington Middle School.

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