NOT LISTED FOR SALE

Estimated Value: $674,000 - $738,489

3 Beds
2 Baths
1,455 Sq Ft
$491/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $655,000 $450 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,384/month

40 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Tile Countertops
  • 2 Car Detached Garage
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of September 2023

Rare two homes on one lot, next door property (duplex) at 229 for sale by same owner as well. Front unit is two bedroom and one bath. It has a nice sized living room with a wood burning fireplace. Kitchen includes refrigerator an a electric oven. There is laundry hookups in this unit. Bath has tub shower combo. There is a fenced back yard and behind is a full two car garage. The back unit had quite a bit of work done from a result of a fire in 2012. It has a nice size living room as well with a wood burning fireplace. It has a larger back yard with lawn and is quite peaceful. The unit is very clean. Partially fenced back yard as well. Both units have walk in closets. Great opportunity for south Salinas investment.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 07/21/2023

Last Buyer's Agent

Melinda M. Fike

Intero Real Estate Services License #01362814

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 4,792 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,455 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet

Utilities

  • Floor Furnace
  • Wall Furnace
  • Vented Exhaust Fan
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $45,900
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,455 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,300
  • Insurance Expense $1,418
  • Maintenance Expense $1,470
  • Manager Expense $3,026
  • Other Expense $1,630
  • Utility Expense $2,307
  • Trash Expense $87
  • Operating Expense $17,586
  • Gross Income $45,900

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-M-2.9
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1455
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Tile, Exhaust Fan, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1455
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Lot Info

  • Lot Acres: 0.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4792.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4792.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.14
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1418
  • Expense Landscape: 1300
  • Expense Maintenance: 1470
  • Expense Management: 3026
  • Expenses Other: 1630
  • Expenses Total: 17586
  • Expenses Utility: 2307
  • Expense Trash: 87
  • Income Annual Gross: 45900.00
  • Income Annual Rental: 45900
  • Income Gross Scheduled: 45900
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2024
Sold by
Kimball Michael C and Kimball Patricia
Bought by
Michael And Patricia Kimball 2024 Trust and Kimball
Current Estimated Value
$714,872

Purchase Details

Listed on
Jul 21, 2023
Closed on
Sep 14, 2023
Sold by
Poon Polly
Bought by
Kimball Michael C and Kimball Patricia
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Melinda M. Fike
Intero Real Estate Services
List Price
$649,000
Sold Price
$655,000
Premium/Discount to List
$6,000
0.92%
Views
129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%
Original Mortgage
$491,250
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2021
Sold by
Choi Yuet Mar Family Trust and Poon Polly
Bought by
Poon Polly

Purchase Details

Closed on
Apr 8, 2011
Sold by
Mar Choi Yuet and Mar Choi Yeit
Bought by
Poon Polly and Choi Yuet Mar Family Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Michael And Patricia Kimball 2024 Trust -- None Listed On Document
Kimball Michael C $655,000 Chicago Title
Poon Polly -- None Listed On Document
Poon Polly -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kimball Michael C $491,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Sold $655,000 +0.9% $450 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $649,000 0.0% $446 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $649,000 0.0% $446 / Sq Ft
08/22/2023 08/22/23 Price Changed $649,000 -7.2% $446 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $699,000 -- $480 / 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 $7,800 $681,462 $390,150 $291,312
2024 $7,800 $668,100 $382,500 $285,600
2023 $6,592 $655,000 $375,000 $280,000
2022 $6,348 $561,000 $265,200 $295,800
2021 $822 $69,877 $28,499 $41,378
2020 $800 $69,161 $28,207 $40,954
2019 $790 $67,805 $27,654 $40,151
2018 $780 $66,476 $27,112 $39,364
2017 $781 $65,174 $26,581 $38,593
2016 $781 $63,897 $26,060 $37,837
2015 $787 $62,938 $25,669 $37,269
2014 $738 $61,706 $25,167 $36,539
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81935823

MLSListings

APN: 002-423-012-000