NOT LISTED FOR SALE

314 Park St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $632,441 - $745,000

2 Beds
2 Baths
1,496 Sq Ft
$450/Sq Ft Est. Value

Last Sold March 17, 2015

Last sale price $218,000 $146 Per Sq Ft

Est. 208% increase in value since last sale

Current estimated payment $3,808/month

81 Days on Market

Highlights

  • Neighborhood Views
  • Carpet
  • 3-minute walk to Central Park
  • Level Lot
  • 1-Story Property

About This Home

As of March 2015

314 & 316 Park Street - Two 1 BR units with separate laundry rooms, detached storage bldgs & shared back yards located in Pacific Park near Hartnell College. Offered for sale in present condition & subject to current tenants' month-to-month agreements. This is not an REO or short sale. Rents are low & the property needs updating.

Last Agent to Sell the Property

Jeff Segal

Segal Real Estate License #00829329 Listed on: 12/08/2014

Last Buyer's Agent

Jeff Segal

Segal Real Estate License #00829329 Listed on: 12/08/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,051

Year Built

  • 1928

Lot Details

  • 5,009

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,496 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • No Garage

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $15,000
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 1,496 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $360
  • Insurance Expense $668
  • Maintenance Expense $1,000
  • Trash Expense $557
  • Operating Expense $4,669
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,051

Year Built

1928

Lot Details

0

Listing Details

  • Zoning: RM2.9
  • Subclass: Duplex
  • Age: 86
  • Inspections Reports: Fault Zone, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1496
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1928

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1496
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: No Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.33
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 668
  • Expense Landscape: 360
  • Expense Maintenance: 1000
  • Expenses Total: 4669
  • Expense Trash: 557
  • Expense Water Sewer: 460
  • Income Annual Gross: 15000.00
  • Income Annual Rental: 15000
  • Income Gross Scheduled: 15000
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Hot Water, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2014
Closed on
Mar 5, 2015
Sold by
Inman Limited Partnership
Bought by
May Song Paul and May Song
Seller's Agent
Jeff Segal
Segal Real Estate
Buyer's Agent
Jeff Segal
Segal Real Estate
List Price
$275,000
Sold Price
$218,000
Premium/Discount to List
-$57,000
-20.73%
Current Estimated Value
$672,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,480
Avg. Annual Appreciation
11.20%

Purchase Details

Closed on
Feb 28, 1995
Sold by
Inman Raymond C and Inman Jo
Bought by
The Inman Ltd Partnership
Source: Public Records

Range of Values:

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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
May Song Paul $218,000 Chicago Title Company
The Inman Ltd Partnership -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2015 03/17/15 Sold $218,000 -20.7% $146 / Sq Ft
02/27/2015 02/27/15 Pending -- -- --
12/08/2014 12/08/14 For Sale $275,000 -- $184 / 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 $3,051 $261,993 $120,181 $141,812
2024 $3,051 $256,857 $117,825 $139,032
2023 $2,949 $251,821 $115,515 $136,306
2022 $2,836 $246,884 $113,250 $133,634
2021 $2,725 $242,044 $111,030 $131,014
2020 $2,650 $239,563 $109,892 $129,671
2019 $2,628 $234,867 $107,738 $127,129
2018 $2,593 $230,263 $105,626 $124,637
2017 $2,596 $225,749 $103,555 $122,194
2016 $2,597 $221,324 $101,525 $119,799
2015 $3,175 $265,194 $112,197 $152,997
2014 $1,624 $140,261 $57,455 $82,806
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Jeff Segal

    Segal Real Estate

    (831) 596-1440

    1 in this area

    2 Total Sales

    Jeff Segal
    Section Image
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Map

Source: MLSListings

MLS Number: ML81441958

MLSListings

APN: 002-141-014-000

California Monterey County Salinas 93901 South Salinas

314 Park St, Salinas, CA

This home is located at 314 Park St, Salinas, CA 93901 since 08 December 2014 and is currently estimated at $672,480, approximately $449 per square foot. This property was built in 1928. 314 Park St is a home located in Monterey County with nearby schools including Roosevelt Elementary School, Laurel Wood Elementary School, and Washington Middle School.

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