NOT LISTED FOR SALE

403 E Romie Ln Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $1,488,549

6 Beds
6 Baths
3,286 Sq Ft
$453/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $1,450,000 $441 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $7,802/month

44 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Washer and Dryer
  • Guest Parking

About This Home

As of May 2023

Newer Construction, Extremely Rare Find, South Salinas Duplex! Perfect for investor or owner occupant, Live in one and rent out the other. Units are spacious, each offering 3 good size bedrooms, 2.5 baths, with an up stairs loft, laundry room, each unit has its own 2 car garage. For investors, low maintenance for years to come, located in high demand rental area, close to Salinas Memorial Hospital and other Medical facilities. Lots of interest from traveling nurses to rent the units. Both units are currently vacant and waiting for a new owner to either rent or use themselves.

Last Agent to Sell the Property

David Silberstein

Silberstein, Broker License #01880860 Listed on: 01/23/2023

Last Buyer's Agent

David Silberstein

Silberstein, Broker License #01880860 Listed on: 01/23/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • 2020

Lot Details

  • 7,048

Parking

  • 4 Car Attached Garage
  • Guest Parking
  • On-Street Parking

Home Design

  • 3,286 Sq Ft Home
  • Duplex
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Washer and Dryer
  • 7,048 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

Building Details

  • Gardener Expense $2,220
  • Insurance Expense $2,500
  • Utility Expense $1,800
  • Trash Expense $1,584
  • Operating Expense $27,479
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Year Built

2020

Lot Details

0

Parking

4

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3286
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2020

Interior Features

  • Living Sq Ft: 3286
  • Security: Security Alarm
  • Laundry: Washer / Dryer

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking, On Street

Utilities

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

Lot Info

  • Lot Acres: 0.1618
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7050.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7050.00

Rental Info

  • Gross Rent Multiplier: 25.83

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 2220
  • Expenses Total: 27479
  • Expenses Utility: 1800
  • Expense Trash: 1584
  • Income Annual Gross: 60000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Rent Only, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2023
Closed on
Apr 28, 2023
Sold by
Seneca Family Of Agencies
Bought by
City Of Salinas
Seller's Agent
David Silberstein
Silberstein, Broker
Buyer's Agent
David Silberstein
Silberstein, Broker
List Price
$1,550,000
Sold Price
$1,450,000
Premium/Discount to List
-$100,000
-6.45%
Views
277
Current Estimated Value
$1,488,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,549
Avg. Annual Appreciation
0.99%

Purchase Details

Listed on
Mar 25, 2021
Closed on
May 17, 2021
Sold by
World Class Properties Llc
Bought by
Seneca Family Of Agencies
Seller's Agent
Ray Quintero
Casa Blanca Realty
Buyer's Agent
Jeff Davi
KW Coastal Estates
List Price
$1,290,000
Sold Price
$1,250,000
Premium/Discount to List
-$40,000
-3.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%

Purchase Details

Closed on
Sep 14, 2020
Sold by
Palafox Maria A
Bought by
Palafox Bulmaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 17, 2019
Sold by
World Class Properties Llc
Bought by
World Class Properties Llc

Purchase Details

Closed on
Apr 11, 2018
Sold by
Dela Rosa Zesati Marco P
Bought by
World Class Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2017
Sold by
Ramirez Blanca Elena Cruz
Bought by
Zesati Marco P Dela Rosa

Purchase Details

Closed on
Feb 3, 2017
Sold by
Dela Rosa Zesati Marco P
Bought by
Ramirez Blanca Elena Cruz

Purchase Details

Closed on
Jul 27, 2015
Sold by
Slaughter Terry W and Slaughter Barbara H
Bought by
Zesati Marco P Dela Rosa

Purchase Details

Closed on
Sep 7, 2011
Sold by
Slaughter Terry W and Slaughter Barbara H
Bought by
Slaughter Terry W and Slaughter Barbara H

Purchase Details

Closed on
Aug 15, 1996
Sold by
Phillips William H and Phillips Gloria C
Bought by
American Svgs Bank Fa

Purchase Details

Closed on
Feb 9, 1996
Sold by
Slaughter Terry W and Slaughter Barbara H
Bought by
Slaughter Terry W and Slaughter Barbara H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
City Of Salinas -- First American Title
Seneca Family Of Agencies $1,250,000 Chicago Title Company
Palafox Bulmaro -- Chicago Title Company
World Class Properties Llc -- Chicago Title Company
World Class Properties Llc -- None Available
World Class Properties Llc -- First American Title Co
Zesati Marco P Dela Rosa $130,000 None Available
Ramirez Blanca Elena Cruz -- First American Title Company
Zesati Marco P Dela Rosa $130,000 First American Title Company
Slaughter Terry W -- None Available
American Svgs Bank Fa $386,661 First American Title Co
Slaughter Terry W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palafox Bulmaro $175,000
Previous Owner World Class Properties Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2023 05/01/23 Sold $1,450,000 -6.5% $441 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
01/23/2023 01/23/23 For Sale $1,550,000 +24.0% $472 / Sq Ft
05/26/2021 05/26/21 Sold $1,250,000 -3.1% $380 / Sq Ft View Prior Sale
04/12/2021 04/12/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $1,290,000 -- $393 / 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 $38 -- -- --
2024 $38 -- -- --
2023 $37 $0 $0 $0
2022 $56 $1,275,000 $561,000 $714,000
2021 $10,729 $1,250,000 $550,000 $700,000
2020 $7,283 $672,120 $312,120 $360,000
2019 $4,333 $306,000 $306,000 $0
2018 $3,334 $300,000 $300,000 $0
2017 $2,284 $132,600 $132,600 $0
2016 $1,520 $130,000 $130,000 $0
2015 $1,838 $153,985 $153,985 $0
2014 $1,715 $150,969 $150,969 $0
Source: Public Records

Agents Affiliated with this Home

  • David Silberstein

    Seller's Agent in 2023

    David Silberstein

    Silberstein, Broker

    (408) 781-4954

    1 in this area

    18 Total Sales

    David Silberstein
    Section Image
  • Ray Quintero

    Seller's Agent in 2021

    Ray Quintero

    Casa Blanca Realty

    (831) 707-4659

    2 in this area

    39 Total Sales

    Ray Quintero
    Section Image
  • Jeff Davi

    Buyer's Agent in 2021

    Jeff Davi

    KW Coastal Estates

    (831) 901-3244

    1 in this area

    8 Total Sales

    Jeff Davi
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81916925

MLSListings

APN: 002-622-002-000

California Monterey County Salinas 93901 South Salinas

403 E Romie Ln, Salinas, CA

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes