NOT LISTED FOR SALE

42 N Hebbron Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $520,000 - $699,000

7 Beds
3 Baths
687 Sq Ft
$851/Sq Ft Est. Value

Last Sold October 03, 2012

Last sale price $175,000 $255 Per Sq Ft

Est. 234% increase in value since last sale

Current estimated payment $3,369/month

24 Days on Market

About This Home

As of October 2012

Short sale. Good location, fixer upper, rental. Close to freeway, transportation and shopping.

Last Agent to Sell the Property

Carl McKissick

The Agent Network License #01272079 Listed on: 08/28/2012

Last Buyer's Agent

Inki Welch

Leo Realty License #01182599

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • Flag Lot

Parking

  • No Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 687 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Gas Dryer Hookup

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1,200
  • The owner pays for electric, garbage, gas

Community Details

Overview

  • 2 Units
  • 687 Sq Ft Building

Building Details

  • Insurance Expense $1,500
  • Utility Expense $100
  • Trash Expense $50
  • Operating Expense $7,618
  • Gross Income $1,080

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

7,013 Sq Ft Lot

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Sale Price Per Sq Ft: 254.73
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 687
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 687
  • Stories: 1
  • Laundry: 220 Volt Outlet, Gas Hookup

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: No Garage, No Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Flag Lot
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7000.00
  • Lot Size Area Min Search: 7000.00
  • Maximum Lot Size: 7000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 208.33

Multi Family

  • Expense Insurance: 1500
  • Expenses Total: 7618
  • Expenses Utility: 100
  • Expense Trash: 50
  • Expense Water Sewer: 100
  • Income Annual Gross: 1080.00
  • Income Annual Rental: 1200
  • Income Gross Scheduled: 1200
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Insurance, Accounting/Legal, Maintenance - Repair, Fee - Property Tax, Vacancy Factor, Miscellaneous/Other
  • Owner Pays: Electric, Garbage, Gas
  • Tenant Expenses: Utilities - Water
  • Vacancy Amount: 120
  • Vacancy Factor: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2013
Sold by
Maverick Investment Properties Llc
Bought by
Hinojosa Deanna
Current Estimated Value
$584,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$86,896
Interest Rate
3.29%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$497,817

Purchase Details

Listed on
Aug 28, 2012
Closed on
Sep 18, 2012
Sold by
Tapia Gilberto and Tapia Angelita
Bought by
Maverick Investment Properties Llc
Seller's Agent
Carl McKissick
The Agent Network
Buyer's Agent
Carl McKissick
The Agent Network
List Price
$250,000
Sold Price
$175,000
Premium/Discount to List
-$75,000
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Feb 1, 2007
Sold by
Tapia Gilberto
Bought by
Tapia Gilberto and Tapia Angelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2004
Sold by
Tapia Adrian
Bought by
Tapia Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2004
Sold by
Tapia Angelita
Bought by
Tapia Gilberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2002
Sold by
Meza Norma
Bought by
Tapia Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
8.8%

Purchase Details

Closed on
Oct 2, 2002
Sold by
Garcia Daniel S and Garcia Esperanza P
Bought by
Tapia Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
8.8%

Purchase Details

Closed on
Jul 22, 1999
Sold by
Cornelious George M and Cornelious Lucy
Bought by
Garcia Daniel S and Garcia Esperanza P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
7.64%
Mortgage Type
Purchase Money Mortgage
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
Hinojosa Deanna $200,000 Nations Title Company
Maverick Investment Properties Llc $175,000 Nations Title Company Of Ca
Tapia Gilberto -- First American Title Co
Tapia Gilberto $510,000 Chicago Title
Tapia Gilberto -- Chicago Title
Tapia Adrian -- Chicago Title
Tapia Adrian $365,000 Chicago Title
Garcia Daniel S $175,000 Stewart Title Guaranty Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hinojosa Deanna $125,000
Previous Owner Tapia Gilberto $515,000
Previous Owner Tapia Gilberto $408,000
Previous Owner Tapia Adrian $292,000
Previous Owner Garcia Daniel S $157,500
Closed Tapia Adrian $73,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2012 10/03/12 Sold $175,000 -30.0% $255 / Sq Ft
09/21/2012 09/21/12 Pending -- -- --
08/28/2012 08/28/12 For Sale $250,000 -- $364 / 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 $4,381 $246,274 $73,880 $172,394
2024 $4,381 $241,446 $72,432 $169,014
2023 $4,083 $236,712 $71,012 $165,700
2022 $3,734 $232,071 $69,620 $162,451
2021 $3,439 $227,521 $68,255 $159,266
2020 $3,375 $225,189 $67,556 $157,633
2019 $2,477 $220,775 $66,232 $154,543
2018 $3,104 $216,447 $64,934 $151,513
2017 $2,444 $212,204 $63,661 $148,543
2016 $2,446 $208,044 $62,413 $145,631
2015 $2,467 $204,920 $61,476 $143,444
2014 $2,303 $200,907 $60,272 $140,635
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Carl McKissick

    The Agent Network

  • I

    Buyer's Agent in 2012

    Inki Welch

    Leo Realty

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Map

Source: MLSListings

MLS Number: ML81232249

MLSListings

APN: 004-072-013-000

California Monterey County Salinas 93905 East Salinas

42 N Hebbron Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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