NOT LISTED FOR SALE

266 Katherine Ave Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $904,000 - $965,000

5 Beds
3 Baths
1,966 Sq Ft
$473/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $885,000 $450 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,938/month

6 Days on Market

Highlights

  • Laundry Room
  • Forced Air Heating System
  • 1-Story Property
  • Tile Flooring

About This Home

As of April 2022

Great Investment property! Just walking distance to the hospital. Both units are currently rented. The front unit is a 3 bedroom - 2 bathroom with approximately 1100 square ft. of living space and an attached 2 car garage. The back unit is a 2 bedroom, 1 bathroom 800 Square ft. of living space with an attached enclosed 1 car garage. The back unit has it's own backyard. Both units have some improvements. ~Buyer to verify any and all information~

Last Agent to Sell the Property

Janet Marquez

Compass License #01218504 Listed on: 03/02/2022

Compass

Last Buyer's Agent

Janet Marquez

Compass License #01218504 Listed on: 03/02/2022

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,728

Year Built

  • 1962

Lot Details

  • 7,240 Sq Ft Lot

Parking

  • 3 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,966 Sq Ft Home
  • 1-Story Property

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Laminate
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $52,485

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,282
  • Maintenance Expense $2,729
  • Manager Expense $5,703
  • Utility Expense $810
  • Operating Expense $17,032
  • Gross Income $52,485

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,728

Year Built

1962

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1966
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Dishwasher, Oven Range - Built-In, Oven Range - Electric
  • Living Sq Ft: 1966
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1662
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7238.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7238.00

Rental Info

  • Existing Lease Term(s): Lease(s), Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.77
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1282
  • Expense Maintenance: 2729
  • Expense Management: 5703
  • Expenses Total: 17032
  • Expenses Utility: 810
  • Income Annual Gross: 52485.00
  • Income Annual Rental: 52485
  • Income Gross Scheduled: 52485
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 22, 2022
Sold by
Elizabeth Velez
Bought by
Casillas Sergio and Casillas Yesenia
Seller's Agent
Janet Marquez
Compass
Buyer's Agent
Janet Marquez
Compass
List Price
$880,000
Sold Price
$885,000
Premium/Discount to List
$5,000
0.57%
Current Estimated Value
$921,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,414
Avg. Annual Appreciation
0.84%
Original Mortgage
$663,750
Outstanding Balance
$622,421
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$287,736

Purchase Details

Closed on
Oct 13, 2005
Sold by
Roth David and Roth Kathleen
Bought by
Velez Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 24, 2000
Sold by
Shearer William and Shearer Janis
Bought by
Roth David and Roth Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,900
Interest Rate
8.67%

Purchase Details

Closed on
Sep 5, 1998
Sold by
Li Stephen and Tsang Hilda Hing Ping
Bought by
Shearer William and Shearer Janis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
8.5%

Purchase Details

Closed on
Jul 20, 1998
Sold by
Li Yuk Lim and Li Claire
Bought by
Li Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,800
Interest Rate
8.5%

Purchase Details

Closed on
Dec 7, 1987
Sold by
Tsang Nancy Wai Yee and Tsang Nancy
Bought by
Tsang Nancy Wai Yee
Source: Public Records

Range of Values:

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Average Value
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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
Casillas Sergio $885,000 First American Title
Velez Elizabeth $735,000 Stewart Title
Roth David $327,000 Stewart Title Guaranty Compa
Shearer William $196,000 Chicago Title Co
Li Stephen -- --
Tsang Nancy Wai Yee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casillas Sergio $663,750
Closed Casillas Sergio $663,750
Previous Owner Velez Elizabeth $425,000
Previous Owner Velez Elizabeth $431,250
Previous Owner Velez Elizabeth $588,000
Previous Owner Roth David $228,000
Previous Owner Roth David $228,900
Previous Owner Shearer William $156,800
Closed Shearer William $29,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $885,000 +0.6% $450 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $880,000 -- $448 / 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 $10,728 $939,168 $424,483 $514,685
2024 $10,728 $920,754 $416,160 $504,594
2023 $10,367 $902,700 $408,000 $494,700
2022 $8,469 $885,000 $400,000 $485,000
2021 $6,594 $595,000 $300,000 $295,000
2020 $6,423 $590,000 $300,000 $290,000
2019 $6,178 $560,000 $300,000 $260,000
2018 $5,561 $500,000 $225,000 $275,000
2017 $5,113 $450,000 $200,000 $250,000
2016 $4,932 $425,000 $160,000 $265,000
2015 $4,638 $390,000 $150,000 $240,000
2014 $3,685 $325,000 $100,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • Janet Marquez

    Seller's Agent in 2022

    Janet Marquez

    Compass

    (831) 902-0961

    1 in this area

    44 Total Sales

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Map

Source: MLSListings

MLS Number: ML81880434

MLSListings

APN: 002-631-077-000

California Monterey County Salinas 93901 South Salinas

266 Katherine Ave, Salinas, CA

This home is located at 266 Katherine Ave, Salinas, CA 93901 since 02 March 2022 and is currently estimated at $929,808, approximately $472 per square foot. This property was built in 1962. 266 Katherine Ave is a home located in Monterey County with nearby schools including Monterey Park Elementary School, Lincoln Elementary School, and Mission Park Elementary School.

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