NOT LISTED FOR SALE

233 Walker Valley Rd Castroville, CA 95012

Estimated Value: $771,000 - $956,000

6 Beds
3 Baths
2,574 Sq Ft
$340/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $599,000 $233 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,698/month

9 Days on Market

Highlights

  • 3 Acre Lot
  • Park or Greenbelt View
  • 1-Story Property
  • Traditional Architecture
  • Sustainable Flooring

About This Home

As of May 2016

Great investment opportunity! Live in 1 and rent the other 2 or purchase the home next door, 237 Walker Valley Rd. and rent all 3! Consists of 3 separate 858 sf, 2bd/1ba buildings with their own fenced in yards and driveways. Beautiful, private country setting. Currents rents are below market by $200-300 a month according to an appraiser's rental survey. At $1200 a month per unit, CAP rate would be 6.04

Last Agent to Sell the Property

Kim Richman

Christie's International Real Estate Sereno License #01076556 Listed on: 03/26/2016

Christie's International Real Estate Sereno

Last Buyer's Agent

Will Pennycook, IV

Pennycook Properties License #01791934

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,685

Year Built

  • 1974

Lot Details

  • 3 Acre Lot
  • Sloped Lot

Parking

  • 3 Parking Spaces

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,574 Sq Ft Home
  • 1-Story Property
  • Park or Greenbelt Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Formica Countertops

Flooring

  • Sustainable
  • Vinyl

Utilities

  • Separate Meters
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $35,820

Community Details

Overview

  • 2,574 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,044
  • Maintenance Expense $1,200
  • Trash Expense $1,500
  • Operating Expense $4,822
  • Gross Income $34,029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,685

Year Built

1974

Lot Details

0

Listing Details

  • Zoning: LDR/2.5
  • Subclass: Triplex
  • Style: Traditional
  • Age: 42
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2574
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Hood Over Range, Oven - Electric, Oven Range
  • Living Sq Ft: 2574
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Sustainable Materials, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Greenbelt
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Existing Septic

Schools

  • School District: North Monterey County Unified
  • Elementary School: Elkhorn Elementary
  • Middle School: Gambetta Middle
  • High School: North Monterey County High
  • High School: 549
  • Elementary School: 554
  • Middle School: 555

Lot Info

  • Lot Description: Grade - Side Slope
  • Lot Acres: 3.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 130680.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 130680.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.72
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1044
  • Expense Maintenance: 1200
  • Expenses Total: 4822
  • Expense Trash: 1500
  • Income Annual Gross: 34029.00
  • Income Annual Rental: 35820
  • Income Gross Scheduled: 35820
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2017
Sold by
Samuels Nelson T and Samuels Lori C
Bought by
Samuels Nelson T and Samuels Lori C
Current Estimated Value
$923,927

Purchase Details

Listed on
Mar 26, 2016
Closed on
May 10, 2016
Sold by
Beagle Kyle Matthew
Bought by
Samuels Nelson T and Samuels Lori C
Seller's Agent
Kim Richman
Christie's International Real Estate Sereno
Buyer's Agent
Will Pennycook, IV
Pennycook Properties
List Price
$599,000
Sold Price
$599,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%

Purchase Details

Closed on
Feb 19, 2002
Sold by
Beagle Clyde A and Beagle Dorothy L
Bought by
Beagle Clyde A and Beagle Dorothy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.04%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Samuels Nelson T -- None Available
Samuels Nelson T $599,000 Chicago Title Company
Beagle Clyde A -- First American Title Co
Beagle Clyde A -- First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beagle Clyde A $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $599,000 0.0% $233 / Sq Ft
04/05/2016 04/05/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $599,000 -- $233 / 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 $7,685 $709,087 $355,136 $353,951
2024 $7,685 $695,184 $348,173 $347,011
2023 $7,544 $681,554 $341,347 $340,207
2022 $7,496 $668,191 $334,654 $333,537
2021 $7,213 $655,091 $328,093 $326,998
2020 $7,220 $648,375 $324,729 $323,646
2019 $7,054 $635,662 $318,362 $317,300
2018 $6,933 $623,199 $312,120 $311,079
2017 $6,552 $610,980 $306,000 $304,980
2016 $1,067 $88,876 $15,069 $73,807
2015 -- $87,542 $14,843 $72,699
2014 -- $85,828 $14,553 $71,275
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81577088

MLSListings

APN: 131-093-032-000