NOT LISTED FOR SALE

Estimated Value: $474,000 - $777,000

8 Beds
4 Baths
853 Sq Ft
$752/Sq Ft Est. Value

Last Sold March 22, 2013

Last sale price $290,000 $340 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $3,836/month

25 Days on Market

About This Home

As of March 2013

(2)4bd/2ba Houses on One lot. All rents are estimated. Carports, and extra Parking. Seller has ust rehabbed units, with new intrior/exterior paint, water heaters, Bathroom Vanities, Kitcen Ranges. They look nice and are ready to rent! Or you can live in one, and rent the other! So many possibilitites

Last Agent to Sell the Property

Chantel Henson

Vanco Real Estate Executives License #01271580 Listed on: 02/14/2013

Last Buyer's Agent

Hui Wang

Shen's Management & Sales Inc License #01849118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,131

Year Built

  • 1991

Lot Details

  • 6,795

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 853 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Parking

  • Carport
  • Off-Street Parking

Utilities

  • No Heating
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $2,400

Community Details

Overview

  • 2 Units
  • 853 Sq Ft Building

Building Details

  • Operating Expense $4,803
  • Gross Income $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,131

Year Built

1991

Lot Details

0

Listing Details

  • Zoning: Res
  • Subclass: Duplex
  • Age: 22
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 339.98
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 853
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1991

Interior Features

  • Living Sq Ft: 853
  • Stories: 1
  • Laundry: Laundry - No
  • Flooring: Tile

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Rv/Boat Parking, Carport, Spaces Per Unit - 1

Utilities

  • Heating System: No Heating
  • 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: 6814.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6814.00
  • Lot Size Area Min Search: 6814.00
  • Maximum Lot Size: 6814.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 124.96

Multi Family

  • Expenses Total: 4803
  • Income Annual Gross: 2400.00
  • Income Annual Rental: 2400
  • Income Gross Scheduled: 2400
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Miscellaneous/Other
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2016
Sold by
R2r I Llc
Bought by
R2r Ii Llc
Current Estimated Value
$641,035

Purchase Details

Listed on
Feb 14, 2013
Closed on
Mar 12, 2013
Sold by
Vanderbilt Mortgage & Finance Inc
Bought by
R2r I Llc
Seller's Agent
Chantel Henson
Vanco Real Estate Executives
Buyer's Agent
Hui Wang
Shen's Management & Sales Inc
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%

Purchase Details

Closed on
Sep 11, 2012
Sold by
Garcia Pedro Cruz
Bought by
Vanderbilt Mortgae & Finance Inc

Purchase Details

Closed on
Oct 8, 2004
Sold by
Rojas Yelis and Perez Rogelio
Bought by
Garcia Pedro Cruz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2002
Sold by
Sanchez Fernando
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
$255,000
Interest Rate
8.12%

Purchase Details

Closed on
Jan 29, 1998
Sold by
Cornelius George M and Cornelius Lucy
Bought by
Sanchez Fernando Sanchez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.95%
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
R2r Ii Llc -- None Available
R2r I Llc $290,000 Chicago Title Company
Vanderbilt Mortgae & Finance Inc -- None Available
Garcia Pedro Cruz $41,500 Fidelity Title
Perez Rogelio $300,000 Old Republic Title Company
Sanchez Fernando Sanchez $172,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Pedro Cruz $499,999
Previous Owner Garcia Pedro Cruz $384,000
Previous Owner Perez Rogelio $255,000
Previous Owner Sanchez Fernando Sanchez $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2013 03/22/13 Sold $290,000 -3.3% $340 / Sq Ft
03/11/2013 03/11/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $299,900 -- $352 / 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 $4,131 $357,102 $61,567 $295,535
2024 $4,131 $350,101 $60,360 $289,741
2023 $3,997 $343,237 $59,177 $284,060
2022 $3,840 $336,508 $58,017 $278,491
2021 $3,691 $329,911 $56,880 $273,031
2020 $3,590 $326,529 $56,297 $270,232
2019 $3,562 $320,128 $55,194 $264,934
2018 $3,516 $313,852 $54,112 $259,740
2017 $3,519 $307,699 $53,051 $254,648
2016 $3,522 $301,666 $52,011 $249,655
2015 $3,552 $297,135 $51,230 $245,905
2014 $3,315 $291,316 $50,227 $241,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81304552

MLSListings

APN: 004-072-014-000