NOT LISTED FOR SALE

33 Stone St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $704,000 - $811,000

3 Beds
2 Baths
1,591 Sq Ft
$475/Sq Ft Est. Value

Last Sold January 30, 2018

Last sale price $408,000 $256 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,481/month

239 Days on Market

Highlights

  • Spanish Architecture
  • 1-Story Property
  • 4-minute walk to Bataan Park

About This Home

As of January 2018

Excellent opportunity to own a duplex in South Salinas ideal for an investor or an owner occupant living in one of the units. This duplex property is comprised of one 1BD/1BA unit and one 2BD/1BA unit. Exterior features include Spanish style architecture, fenced-in yards, storage shed, and each unit has a one car garage. Interior features include hardwood flooring with linoleum in the bathrooms and kitchen areas. The investment appeal to this asset is that it's located in a desirable rental area in South Salinas.

Last Agent to Sell the Property

Kevin Wolf

Baird Partnership, Inc. License #01275946 Listed on: 04/03/2017

Last Buyer's Agent

Renate Harris

Coast to Valley Realty License #01279430

Property Details

Home Type

  • Multi-Family

Year Built

  • 1936

Lot Details

  • 7,100 Sq Ft Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Spanish Architecture
  • Flat Roof Shape
  • Tar and Gravel Roof
  • Clay Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,591 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $30,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $765
  • Maintenance Expense $485
  • Manager Expense $2,718
  • Utility Expense $592
  • Operating Expense $10,445
  • Gross Income $29,682

Property Details

Home Type

Multi-Family

Year Built

1936

Lot Details

0

Parking

2

Listing Details

  • Zoning: CO
  • Subclass: Duplex
  • Style: Spanish
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1591
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1936

Interior Features

  • Living Sq Ft: 1591
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Clay, Flat / Low Pitch, Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7100.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 13.24
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 765
  • Expense Maintenance: 485
  • Expense Management: 2718
  • Expenses Total: 10445
  • Expenses Utility: 592
  • Income Annual Gross: 29682.00
  • Income Annual Rental: 30600
  • Income Gross Scheduled: 30600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Utilities, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2020
Sold by
Chavez Anthony D and Chavez Kimberly R
Bought by
Chavez Anthony D and Chavez Kimberly R
Current Estimated Value
$756,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,185,010
Outstanding Balance
$3,693,257
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
-$2,937,090

Purchase Details

Listed on
Apr 3, 2017
Closed on
Jan 26, 2018
Sold by
Carmel Hill Company Llc
Bought by
Chavez Anthony D and Jimnenz Kimberley R
Seller's Agent
Kevin Wolf
Baird Partnership, Inc.
Buyer's Agent
Renate Harris
Coast to Valley Realty
List Price
$405,000
Sold Price
$408,000
Premium/Discount to List
$3,000
0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$400,610
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 28, 2010
Sold by
Bethancourt Michael Anthony and Betancourt Michael Anthony
Bought by
Carmel Hill Company Llc

Purchase Details

Closed on
May 14, 2007
Sold by
Betancourt Michael Anthony and Betancourt Michael
Bought by
Betancourt Michael Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.18%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 16, 2000
Sold by
Lynn Denny and Lynn Josephine
Bought by
Bethancourt Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
8.16%
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

Date Buyer Sale Price Title Company
Chavez Anthony D -- Old Republic Title Company
Chavez Anthony D $408,000 Old Republic Title Co
Carmel Hill Company Llc $182,500 Multiple
Betancourt Michael Anthony -- First American Title Co
Bethancourt Michael $225,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Anthony D $4,185,010
Closed Chavez Anthony D $400,610
Previous Owner Betancourt Michael Anthony $400,000
Previous Owner Bethancourt Michael $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2018 01/30/18 Sold $408,000 +0.7% $256 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
11/28/2017 11/28/17 For Sale $405,000 0.0% $255 / Sq Ft
11/20/2017 11/20/17 Pending -- -- --
11/14/2017 11/14/17 Price Changed $405,000 -24.3% $255 / Sq Ft
04/03/2017 04/03/17 For Sale $535,000 -- $336 / 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 $6,321 $464,229 $256,009 $208,220
2024 $6,321 $455,128 $250,990 $204,138
2023 $6,109 $446,205 $246,069 $200,136
2022 $5,867 $437,457 $241,245 $196,212
2021 $5,673 $428,880 $236,515 $192,365
2020 $5,542 $424,483 $234,090 $190,393
2019 $5,509 $416,160 $229,500 $186,660
2018 $3,309 $207,031 $90,754 $116,277
2017 $3,311 $202,973 $88,975 $113,998
2016 $3,313 $198,994 $87,231 $111,763
2015 $3,333 $196,006 $85,921 $110,085
2014 $2,206 $192,167 $84,238 $107,929
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kevin Wolf

    Baird Partnership, Inc.

    Section Image

  • R

    Buyer's Agent in 2018

    Renate Harris

    Coast to Valley Realty

    Section Image

  • C

    Buyer's Agent in 2018

    Cory Barbee

    Cory Barbee. Broker

See All Agents

Map

Source: MLSListings

MLS Number: ML81677910

MLSListings

APN: 002-163-016-000

California Monterey County Salinas 93901 South Salinas

33 Stone St, Salinas, CA

Not Listed for Sale

MultiFamily

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