NOT LISTED FOR SALE

Estimated Value: $714,000 - $982,000

3 Beds
2 Baths
2,100 Sq Ft
$381/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $723,500 $345 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,065/month

95 Days on Market

Highlights

  • Traditional Architecture
  • Level Lot
  • Back Yard
  • Fenced
  • Carpet

About This Home

As of April 2023

You'll love these two separate well maintained units. The front unit is a one bedroom, one bath unit and is approximately 980 square feet in size. A well maintained front lawn leads to a spacious entry way and living room in the front unit. The minute you walk in you'll see that the tenant takes excellent care of it. It also has a nice sized kitchen and eating area. Also included is an indoor laundry at the rear of the house. The rear unit is also well taken care of. It was built in 1979. This is a two story unit (approximately 1120 square feet) with the living room, kitchen, dining area and half bath downstairs. Upstairs, there are two nice sized bedrooms and a full bath. This unit also has a private and cozy backyard. Each unit also has a carport and one open space.

Last Agent to Sell the Property

Tom Folliard

Berkshire Hathaway HS Real Time Realty License #01126658 Listed on: 11/05/2022

Berkshire Hathaway HS Real Time Realty

Last Buyer's Agent

Eric Phelps

Corral De Tierra Realty License #01195180

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,619

Year Built

  • 1918

Lot Details

  • 5,301 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 2,100 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • Off-Street Parking
  • Assigned Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $33,780

Community Details

Overview

  • 2,100 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $423
  • Insurance Expense $846
  • Maintenance Expense $251
  • Utility Expense $1,336
  • Trash Expense $260
  • Operating Expense $4,389
  • Gross Income $33,780

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,619

Year Built

1918

Lot Details

0

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Style: Traditional
  • Age: 104
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2100
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Kitchen: Cooktop - Electric, Oven Range - Electric
  • Living Sq Ft: 2100
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Concrete Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport, Off-Street Parking, Room For Oversized Vehicle
  • Carport Min: 2

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1217
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5300.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5300.00

Green Features

  • Energy Features: Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.05
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 846
  • Expense Landscape: 423
  • Expense Maintenance: 251
  • Expenses Total: 4389
  • Expenses Utility: 1336
  • Expense Trash: 260
  • Income Annual Gross: 33780.00
  • Income Annual Rental: 33780
  • Income Gross Scheduled: 33780
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Depreciation, Fee - Property Management, Insurance, Maintenance, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2022
Closed on
Apr 13, 2023
Sold by
Eriksen Margit
Bought by
Burger Trinity Rain and Williams Nicholas Robert
Seller's Agent
Tom Folliard
Berkshire Hathaway HS Real Time Realty
Buyer's Agent
Eric Phelps
Corral De Tierra Realty
List Price
$745,000
Sold Price
$723,500
Premium/Discount to List
-$21,500
-2.89%
Views
289
Current Estimated Value
$799,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,835
Avg. Annual Appreciation
1.91%
Original Mortgage
$709,629
Outstanding Balance
$691,537
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$65,056

Purchase Details

Closed on
Dec 20, 2022
Sold by
1989 Jessen Revocable Trust
Bought by
Eriksen Margit and Jessen Elsa

Purchase Details

Closed on
Mar 1, 2017
Sold by
Jessen Niels R
Bought by
Jessen Niels R and Jessen John
Source: Public Records

Range of Values:

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Average Value
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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
Burger Trinity Rain $723,500 Chicago Title
Eriksen Margit -- --
Jessen Niels R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burger Trinity Rain $709,629
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold $723,500 -2.9% $345 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
02/09/2023 02/09/23 For Sale $745,000 0.0% $355 / Sq Ft
02/02/2023 02/02/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $745,000 -3.9% $355 / Sq Ft
12/12/2022 12/12/22 Price Changed $775,000 -3.7% $369 / Sq Ft
11/05/2022 11/05/22 For Sale $805,000 -- $383 / 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 $8,619 $752,729 $390,150 $362,579
2024 $8,619 $737,970 $382,500 $355,470
2023 $8,329 $723,500 $375,000 $348,500
2022 $1,272 $107,714 $17,337 $90,377
2021 $1,223 $105,603 $16,998 $88,605
2020 $1,190 $104,521 $16,824 $87,697
2019 $1,180 $102,473 $16,495 $85,978
2018 $1,162 $100,465 $16,172 $84,293
2017 $1,163 $98,496 $15,855 $82,641
2016 $1,164 $96,566 $15,545 $81,021
2015 $1,173 $95,116 $15,312 $79,804
2014 $1,098 $93,254 $15,013 $78,241
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81912396

MLSListings

APN: 002-324-016-000