NOT LISTED FOR SALE

266 Katherine Ave Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $880,000 - $1,000,000

5 Beds
3 Baths
1,966 Sq Ft
$470/Sq Ft Est. Value

Sale Details

Date Sold: April 4, 2022

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

Est. 4% increase in value since last sale

Current estimated payment $5,795 / mo

6 Days on Market

Highlights

  • 3 Car Attached Garage
  • Tile Flooring
  • 1-Story Property
  • Laundry Room
  • Forced Air Heating System

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

Year Built

  • 1962

Lot Details

  • 7,240 Sq Ft Lot

Parking

  • 3 Car Attached 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

Year Built

1962

Lot Details

7,240 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • 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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 22, 2022
Sold by
Bought by
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
$923,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,458
Avg. Annual Appreciation
1.00%
Original Mortgage
$663,750
Interest Rate
0.0376%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

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
0.0575%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 24, 2000
Sold by
Bought by

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
0.0867%

Purchase Details

Closed on
Sep 5, 1998
Sold by
Bought by

Purchase Details

Closed on
Jul 20, 1998
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 1987
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$885,000 First American Title
$735,000 Stewart Title
$327,000 Stewart Title Guaranty Compa
$196,000 Chicago Title Co
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $663,750
Closed $663,750
Previous Owner $425,000
Previous Owner $431,250
Previous Owner $588,000
Previous Owner $228,000
Previous Owner $228,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    34 Total Sales

    Janet Marquez
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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

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