NOT LISTED FOR SALE

235 E Acacia St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $782,000 - $998,000

4 Beds
3 Baths
2,148 Sq Ft
$417/Sq Ft Est. Value

Last Sold July 05, 2017

Last sale price $549,000 $256 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $5,226/month

166 Days on Market

Highlights

  • Wood Flooring
  • Skylights
  • Tile Countertops
  • 2 Car Detached Garage
  • Walk-In Closet
  • Secured Garage or Parking

About This Home

As of July 2017

Great location

Last Agent to Sell the Property

Jim Barnes

Intero Real Estate Services License #01341028 Listed on: 11/29/2016

Intero Real Estate Services

Last Buyer's Agent

Jim Barnes

Intero Real Estate Services License #01341028 Listed on: 11/29/2016

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1938

Lot Details

  • 6,490

Parking

  • 2 Car Detached Garage
  • Secured Garage or Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • Walk-In Closet
  • 2,148 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Vented Exhaust Fan
  • Heating System Uses Gas
  • 220 Volts
  • Water Softener

Additional Features

  • Built-In Barbecue
  • 6,490 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $34,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,000
  • Insurance Expense $1,000
  • Maintenance Expense $600
  • Other Expense $100
  • Utility Expense $1,200
  • Trash Expense $150
  • Operating Expense $5,250
  • Gross Income $30,780

Property Details

Home Type

Multi-Family

Year Built

1938

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2148
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Kitchen: 220 Volt Outlet, Built-In Bbq Grill, Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Microwave, Oven - Built-In, Oven Range - Electric, Pantry, Refrigerator
  • Living Sq Ft: 2148
  • Stories: 1
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas, Stove Heater
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight, Walk-In Closet

Lot Info

  • Lot Acres: 0.1490
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.05
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Landscape: 1000
  • Expense Maintenance: 600
  • Expenses Other: 100
  • Expenses Total: 5250
  • Expenses Utility: 1200
  • Expense Trash: 150
  • Income Annual Gross: 30780.00
  • Income Annual Rental: 34200
  • Income Gross Scheduled: 34200
  • Income Includes: Laundry
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Tenant Expenses: Utilities - Electric, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2016
Closed on
Jun 30, 2017
Sold by
Guillen Maria Del Refugio
Bought by
Guillen Fernando
Seller's Agent
Jim Barnes
Intero Real Estate Services
Buyer's Agent
Jim Barnes
Intero Real Estate Services
List Price
$569,000
Sold Price
$549,000
Premium/Discount to List
-$20,000
-3.51%
Current Estimated Value
$895,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,668
Avg. Annual Appreciation
5.89%
Original Mortgage
$539,056
Outstanding Balance
$446,392
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$449,276

Purchase Details

Closed on
Sep 24, 2013
Sold by
Barnes James E and Villa Janet
Bought by
Barnes James E and Barnes Juneann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,250
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2012
Sold by
Barnes James E and Villa Janet
Bought by
Barnes James E and Villa Janet

Purchase Details

Closed on
Mar 29, 2007
Sold by
Barnes James B
Bought by
Barnes James B and Barnes Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,850
Interest Rate
6.2%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 17, 1997
Sold by
Barnes James B and Barnes Alice A
Bought by
Barnes James B and Barnes Alice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.3%

Purchase Details

Closed on
Nov 6, 1997
Sold by
Barnes James B and Barnes Alice A
Bought by
Barnes James B and Barnes Alice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.3%

Purchase Details

Closed on
Dec 5, 1994
Sold by
Barnes James B and Barnes Alice A
Bought by
Barnes James B and Barnes Alice A
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
Guillen Fernando -- Old Republic Title Company
Alvarado Guillen Fernando $549,000 Old Republic Title Company
Barnes James E -- Fidelity National Title Co
Barnes James E -- None Available
Barnes James B -- None Available
Barnes James B -- --
Barnes James B -- Old Republic Title Company
Barnes James B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarado Guillen Fernando $539,056
Previous Owner Barnes James E $296,250
Previous Owner Barnes James B $413,850
Previous Owner Barnes James B $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2017 07/05/17 Sold $549,000 -3.5% $256 / Sq Ft
05/15/2017 05/15/17 Pending -- -- --
11/29/2016 11/29/16 For Sale $569,000 -- $265 / 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 $7,062 $624,663 $341,347 $283,316
2024 $7,062 $612,415 $334,654 $277,761
2023 $6,823 $600,408 $328,093 $272,315
2022 $6,568 $588,636 $321,660 $266,976
2021 $6,307 $577,095 $315,353 $261,742
2020 $6,132 $571,179 $312,120 $259,059
2019 $6,088 $559,980 $306,000 $253,980
2018 $6,011 $549,000 $300,000 $249,000
2017 $1,708 $148,543 $41,047 $107,496
2016 $1,709 $145,632 $40,243 $105,389
2015 $1,723 $143,445 $39,639 $103,806
2014 $1,610 $140,636 $38,863 $101,773
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jim Barnes

    Intero Real Estate Services

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Map

Source: MLSListings

MLS Number: ML81643959

MLSListings

APN: 002-521-038-000

California Monterey County Salinas 93901 South Salinas

235 E Acacia St, Salinas, CA

Not Listed for Sale

MultiFamily

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