NOT LISTED FOR SALE

48 Homestead Ave Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $562,413 - $751,000

4 Beds
2 Baths
1,412 Sq Ft
$484/Sq Ft Est. Value

Last Sold October 04, 2013

Last sale price $350,000 $248 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $4,128/month

11 Days on Market

About This Home

As of October 2013

Very nice remodeled duplex. South Salinas location, new interior & exterior paint. New carpet, new light fixtures and some new appliances.

Last Agent to Sell the Property

Mina Fernandez

Avior Real Estate License #01309168 Listed on: 08/19/2013

Avior Real Estate

Last Buyer's Agent

Santiago Renteria

Aldina Real Estate,Inc. License #01777299

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,949

Year Built

  • 1927

Lot Details

  • 6,490

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,412 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 2 Units
  • 1,412 Sq Ft Building

Building Details

  • Operating Expense $4,281

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,949

Year Built

1927

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 86
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 247.88
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1412
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 1412
  • Stories: 1
  • Laundry: Laundry Area - In Unit

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Uncovered Parking

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6500.00
  • Lot Size Area Min Search: 6500.00
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month, More Than 1 Yr

Multi Family

  • Expenses Total: 4281
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Miscellaneous/Other
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2013
Closed on
Oct 1, 2013
Sold by
Moran Jessica
Bought by
Salcedo Francisco Moran
Seller's Agent
Mina Fernandez
Avior Real Estate
Buyer's Agent
Santiago Renteria
Aldina Real Estate,Inc.
List Price
$329,900
Sold Price
$350,000
Premium/Discount to List
$20,100
6.09%
Current Estimated Value
$683,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$333,353
Avg. Annual Appreciation
5.76%
Original Mortgage
$276,000
Outstanding Balance
$207,931
Interest Rate
4.49%
Mortgage Type
New Conventional
Estimated Equity
$473,743

Purchase Details

Closed on
Mar 25, 2013
Sold by
Garcia Eleanor
Bought by
Pacific Elite Fund Inc

Purchase Details

Closed on
Jun 22, 2005
Sold by
Valdez Annette
Bought by
Garcia Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2004
Sold by
Gomez Alejandro
Bought by
Valdez Annette and Alejandro Gomez 1995 Trust
Source: Public Records

Range of Values:

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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
Salcedo Francisco Moran -- Old Republic Title Company
Salcedo Francisco Moran $350,000 Old Republic Title Company
Pacific Elite Fund Inc $210,000 None Available
Garcia Eleanor -- Old Republic Title
Valdez Annette -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salcedo Francisco Moran $276,000
Closed Salcedo Francisco Moran $276,000
Previous Owner Garcia Eleanor $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2013 10/04/13 Sold $350,000 +6.1% $248 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
08/19/2013 08/19/13 For Sale $329,900 -- $234 / 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 $4,949 $429,042 $153,227 $275,815
2024 $4,949 $420,630 $150,223 $270,407
2023 $4,783 $412,383 $147,278 $265,105
2022 $4,602 $404,298 $144,391 $259,907
2021 $4,421 $396,371 $141,560 $254,811
2020 $4,299 $392,308 $140,109 $252,199
2019 $4,269 $384,616 $137,362 $247,254
2018 $4,213 $377,075 $134,669 $242,406
2017 $4,216 $369,682 $132,029 $237,653
2016 $4,220 $362,435 $129,441 $232,994
2015 $4,724 $356,992 $127,497 $229,495
2014 $3,893 $350,000 $125,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Mina Fernandez

    Avior Real Estate

    Section Image
  • Santiago Renteria

    Buyer's Agent in 2013

    Santiago Renteria

    Aldina Real Estate,Inc.

    (831) 818-2132

    1 in this area

    45 Total Sales

    Santiago Renteria
    Section Image
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Map

Source: MLSListings

MLS Number: ML81330546

MLSListings

APN: 002-132-009-000

California Monterey County Salinas 93901 South Salinas

48 Homestead Ave, Salinas, CA

This home is located at 48 Homestead Ave, Salinas, CA 93901 since 19 August 2013 and is currently estimated at $683,353, approximately $483 per square foot. This property was built in 1927. 48 Homestead Ave is a home located in Monterey County with nearby schools including Roosevelt Elementary School, Laurel Wood Elementary School, and Washington Middle School.

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