Seller's Agent in 2021
Bill Backus
Backus Properties
(831) 262-9730
4 in this area
83 Total Sales
404 Midway Ave Salinas, CA 93905
East Salinas NeighborhoodEstimated Value: $654,000 - $715,022
4
Beds
2
Baths
1,598
Sq Ft
$428/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Double Pane Windows
- Fenced
- 1 Car Attached Garage
- Tile Countertops
- Carpet
About This Home
As of December 2021Great Duplex that has been well taken care of, approx 800 sq feet interior per unit. Lot size is large at 8500 sq ft. Great investment with easy to rent units. Tenants in place with current leases that are on a month to month basis. The inside of both units have had upgrades in the past which include kitchen and baths. Unit 404 was completely remodeled in 2013, complete roof replaced in 2005, past upgrades on unit 406 include bathroom approx three years ago and kitchen with newer cabinets and tiled counter top. The units have a living room and a breakfast area as well. Both back yards are large and fenced. There is also a fence down the middle to separate each side. Property has Individual meters, single car garages and off street parking. The street view has great curb appeal. Not easy to find in this type of condition. Go take a drive by and see what you think!
Last Agent to Sell the Property
Backus Properties License #01332230 Listed on: 12/01/2021
Property Details
Home Type
- Multi-Family
Year Built
- 1948
Lot Details
- 8,499 Sq Ft Lot
- Fenced
- Back Yard
Parking
- 1 Car Attached Garage
- Off-Street Parking
Home Design
- Duplex
- Traditional Architecture
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- Low Flow Toliet
- 1,598 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Washer and Dryer Hookup
Kitchen
- Gas Oven
- Tile Countertops
- Laminate Countertops
Flooring
- Carpet
- Vinyl
Utilities
- Wall Furnace
- Vented Exhaust Fan
- Heating System Uses Gas
Listing and Financial Details
- Total Actual Rent $41,180
Community Details
Overview
Building Details
- 2 Leased Units
- Gardener Expense $1,825
- Insurance Expense $1,620
- Maintenance Expense $7,151
- Manager Expense $3,956
- Other Expense $100
- Utility Expense $2,779
- Trash Expense $904
- Operating Expense $19,178
- Gross Income $41,180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2021
Closed on
Dec 13, 2021
Sold by
Nadine Church Living Trust and Francis Suzanne
Bought by
Ouita Martin Living Trust and Martin
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Alfred Ramirez
Ramirez Properties
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,006
Avg. Annual Appreciation
3.16%
Purchase Details
Closed on
Oct 4, 2021
Sold by
Egilda Church Nadine
Bought by
Nadine Church Living Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ouita Martin Living Trust | $600,000 | Chicago Title | |
| Nadine Church Living Trust | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/17/2021 12/17/21 | Sold | $600,000 | +4.3% | $375 / Sq Ft |
| 12/07/2021 12/07/21 | Pending | -- | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $575,000 | -- | $360 / Sq Ft |
Source: MLSListings
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 | $8,346 | $636,724 | $397,953 | $238,771 |
| 2024 | $8,346 | $624,240 | $390,150 | $234,090 |
| 2023 | $8,194 | $612,000 | $382,500 | $229,500 |
| 2022 | $7,373 | $600,000 | $375,000 | $225,000 |
| 2021 | $852 | $63,324 | $18,572 | $44,752 |
| 2020 | $843 | $62,676 | $18,382 | $44,294 |
| 2019 | $865 | $61,448 | $18,022 | $43,426 |
| 2018 | $813 | $60,244 | $17,669 | $42,575 |
| 2017 | $842 | $59,064 | $17,323 | $41,741 |
| 2016 | $801 | $57,907 | $16,984 | $40,923 |
| 2015 | $794 | $57,038 | $16,729 | $40,309 |
| 2014 | $768 | $55,922 | $16,402 | $39,520 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Backus
-
Alfred Ramirez
Buyer's Agent in 2021
Alfred Ramirez
Ramirez Properties
(831) 443-1515
15 in this area
84 Total Sales
Map
Source: MLSListings
MLS Number: ML81871440
APN: 004-264-005-000
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