NOT LISTED FOR SALE

408 Capitol St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $658,000 - $689,000

3 Beds
2 Baths
1,480 Sq Ft
$455/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $575,000 $389 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,053/month

38 Days on Market

Highlights

  • Attached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Tile Flooring

About This Home

As of April 2023

Great location and opportunity with this duplex in South Salinas. The front unit offers 2 bedrooms and 1 bath and the back unit is a 1 bedroom, 1 bath. This spacious lot has lots of opportunity and leaves room for each unit to have additional parking and private areas. Each unit is individually metered.

Last Agent to Sell the Property

Audrey wardwell

36 North Properties License #01746254 Listed on: 01/26/2023

Last Buyer's Agent

Charles Cryder

Century 21 A Property Shoppe License #00937820

Century 21 A Property Shoppe

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 7,405

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Parking

  • Attached Garage
  • 2 Carport Spaces

Additional Features

  • 7,405 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $32,100

Community Details

Overview

  • 1,480 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $1,089
  • Maintenance Expense $3,405
  • Manager Expense $1,605
  • Utility Expense $958
  • Operating Expense $11,194
  • Gross Income $31,458

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1480
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Living Sq Ft: 1480
  • Stories: 1
  • Flooring: Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Attached Garage
  • Carport Min: 2

Utilities

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

Lot Info

  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.20
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.20

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 18.66
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1089
  • Expense Landscape: 1200
  • Expense Maintenance: 3405
  • Expense Management: 1605
  • Expenses Total: 11194
  • Expenses Utility: 958
  • Income Annual Gross: 31458.00
  • Income Annual Rental: 32100
  • Income Gross Scheduled: 32100
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 30, 2023
Sold by
Santa Cruz County Bank Teresa
Bought by
Santa Cruz County Bank Julio I
Seller's Agent
Audrey wardwell
36 North Properties
Buyer's Agent
Charles Cryder
Century 21 A Property Shoppe
List Price
$699,000
Sold Price
$575,000
Premium/Discount to List
-$124,000
-17.74%
Views
234
Current Estimated Value
$673,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,425
Avg. Annual Appreciation
5.81%
Original Mortgage
$300,000
Outstanding Balance
$291,226
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$382,199

Purchase Details

Listed on
Jan 26, 2023
Closed on
Mar 29, 2023
Sold by
Leslie Parker Mccarter Revocable Trust
Bought by
Santa Cruz County Bank Julio I and Santa Cruz County Bank Julie B
Seller's Agent
Audrey wardwell
36 North Properties
Buyer's Agent
Charles Cryder
Century 21 A Property Shoppe
List Price
$699,000
Sold Price
$575,000
Premium/Discount to List
-$124,000
-17.74%
Views
234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$291,226
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$382,199

Purchase Details

Closed on
Dec 22, 2009
Sold by
U S Bank National Association
Bought by
Leslie Parker Mccarter Ltd

Purchase Details

Closed on
May 28, 2009
Sold by
Florest Juvencio and Flores Ana Maria
Bought by
Us Bank N Ational Association

Purchase Details

Closed on
Jul 13, 2005
Sold by
Perez Rogelio and Rojas Yelis
Bought by
Flores Juvencio and Flores Ana Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
6.02%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 27, 2000
Sold by
Leyva Alfonso and Leyva Socorro
Bought by
Perez Rogelio and Rojas Yelis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,500
Interest Rate
7.96%

Purchase Details

Closed on
Jan 12, 1995
Sold by
Nicholaw Melissa
Bought by
Leyva Alfonso and Leyva Socorro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
6.62%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Santa Cruz County Bank Julio I -- First American Title
Santa Cruz County Bank Julio I $575,000 First American Title
Leslie Parker Mccarter Ltd $210,000 Fidelity National Title Co
Us Bank N Ational Association $381,688 None Available
Flores Juvencio $575,000 Fidelity Title
Perez Rogelio -- Fidelity National Title Co
Leyva Alfonso -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santa Cruz County Bank Julio I $300,000
Previous Owner Flores Juvencio $460,000
Previous Owner Perez Rogelio $126,500
Previous Owner Leyva Alfonso $118,500
Closed Santa Cruz County Bank Julio I $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2023 04/05/23 Sold $575,000 -4.0% $389 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
02/28/2023 02/28/23 Price Changed $599,000 -14.3% $405 / Sq Ft
02/23/2023 02/23/23 For Sale $699,000 0.0% $472 / Sq Ft
02/14/2023 02/14/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $699,000 -- $472 / 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 $6,795 $598,230 $390,150 $208,080
2024 $6,795 $586,500 $382,500 $204,000
2023 $3,055 $575,000 $375,000 $200,000
2022 $2,937 $255,423 $121,630 $133,793
2021 $2,822 $250,416 $119,246 $131,170
2020 $2,745 $247,850 $118,024 $129,826
2019 $2,724 $242,991 $115,710 $127,281
2018 $2,686 $238,228 $113,442 $124,786
2017 $2,689 $233,558 $111,218 $122,340
2016 $2,690 $228,980 $109,038 $119,942
2015 $2,713 $225,542 $107,401 $118,141
2014 $2,533 $221,125 $105,298 $115,827
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Audrey wardwell

    36 North Properties

    (831) 320-7116

    9 in this area

    20 Total Sales

    Audrey wardwell
    Section Image

  • C

    Buyer's Agent in 2023

    Charles Cryder

    Century 21 A Property Shoppe

    (831) 443-2121

    5 in this area

    20 Total Sales

    Charles Cryder
    Section Image
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Map

Source: MLSListings

MLS Number: ML81917174

MLSListings

APN: 002-324-003-000

California Monterey County Salinas 93901 South Salinas

408 Capitol St, Salinas, CA

Not Listed for Sale

MultiFamily

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