NOT LISTED FOR SALE

416 Hamilton Ave Seaside, CA 93955

Estimated Value: $384,000 - $960,000

4 Beds
2 Baths
1,297 Sq Ft
$547/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $685,500 $529 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,327/month

59 Days on Market

Highlights

  • Forced Air Heating System
  • 1-Story Property
  • 4-minute walk to Laguna Grande Regional Park
  • Monterey High School Rated A

About This Home

As of July 2020

Opportunity awaits for investors in a cash flow property with two homes on one lot. Conveniently located near the new Broadway development, these detached homes are bright, charming and completely remodeled with private yard space. This property consists of a 3BD/1BA Main House and a 1BD/1BA house. This is a great opportunity to live in one unit and rent out the other or rent both and cash flow. The 1 bed is currently rented for $1895 and 3 Bed is for $2495. Don't miss this excellent investment.

Last Agent to Sell the Property

C&C Real Estate Team

Better Homes And Gardens Real Estate By The Sea License #70010156 Listed on: 03/20/2020

Last Buyer's Agent

Marielena Carriglio

Coast Realty and Property Management License #01745757

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,297 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $51,480

Community Details

Overview

  • 1,297 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gross Income $51,480

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1297
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1297
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Composition

Garage/Parking

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

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.89
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 51480.00
  • Income Annual Rental: 51480
  • Income Gross Scheduled: 51480
  • Meters: Master Electric, Master Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Maintenance, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jun 4, 2020
Sold by
Chernetsky Bret
Bought by
Dinner Dominique M
Seller's Agent
C&C Real Estate Team
Better Homes And Gardens Real Estate By The Sea
Buyer's Agent
Marielena Carriglio
Coast Realty and Property Management
List Price
$715,000
Sold Price
$685,500
Premium/Discount to List
-$29,500
-4.13%
Current Estimated Value
$709,706

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,206
Avg. Annual Appreciation
0.63%
Original Mortgage
$450,000
Outstanding Balance
$398,139
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$311,567

Purchase Details

Closed on
Jun 11, 2019
Sold by
Flores Family 2017 Revocable Trust
Bought by
Chernetsky Bret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2017
Sold by
Flores Paul H and Flores Hermalinda
Bought by
Flores Paul H and Flores Linda S

Purchase Details

Closed on
Apr 5, 2002
Sold by
Flores Leslie J and Flores Gus A
Bought by
Flores Paul H and Flores Hermalinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.87%

Purchase Details

Closed on
Apr 4, 2002
Sold by
Gianino Domenica F and Flores Fran
Bought by
Flores Leslie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.87%

Purchase Details

Closed on
Apr 3, 2002
Sold by
Flores Paul H and Flores Hermalinda
Bought by
Flores Paul H and Flores Hermalinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.87%
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
Dinner Dominique M $685,500 Old Republic Title Company
Chernetsky Bret $450,000 Chicago Title Company Salina
Flores Paul H -- None Available
Flores Paul H -- Stewart Title
Flores Leslie J -- Stewart Title
Flores Paul H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dinner Dominique M $450,000
Previous Owner Chernetsky Bret $420,000
Previous Owner Flores Paul H $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $685,500 -4.1% $529 / Sq Ft
05/19/2020 05/19/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $715,000 -- $551 / 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 $7,835 $742,005 $324,729 $417,276
2024 $7,835 $727,457 $318,362 $409,095
2023 $7,794 $713,194 $312,120 $401,074
2022 $7,686 $699,210 $306,000 $393,210
2021 $7,575 $685,500 $300,000 $385,500
2020 $4,958 $459,000 $321,300 $137,700
2019 $1,575 $131,244 $43,746 $87,498
2018 $1,516 $128,672 $42,889 $85,783
2017 $1,408 $126,150 $42,049 $84,101
2016 $1,384 $123,677 $41,225 $82,452
2015 $1,364 $121,820 $40,606 $81,214
2014 $1,342 $119,435 $39,811 $79,624
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    C&C Real Estate Team

    Better Homes And Gardens Real Estate By The Sea

  • M

    Buyer's Agent in 2020

    Marielena Carriglio

    Coast Realty and Property Management

    (831) 915-4675

    3 in this area

    26 Total Sales

    Marielena Carriglio
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Map

Source: MLSListings

MLS Number: ML81787445

MLSListings

APN: 011-343-003-000

California Monterey County Seaside 93955

416 Hamilton Ave, Seaside, CA

Not Listed for Sale

MultiFamily

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