NOT LISTED FOR SALE
6 Beds
4 Baths
1,250 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: December 15, 2020

Last sale price $950,000 $760 Per Sq Ft

37 Days on Market

About This Home

As of December 2020

This home is located at 49 N Madeira Ave, Salinas, CA 93905 since 24 August 2020. This property was built in 1960. 49 N Madeira Ave is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

Last Agent to Sell the Property

Alfredo Trujillo

Harvest Property Mgmt. & Real Estate License #01109448 Listed on: 08/24/2020

Last Buyer's Agent

Ramon Vazquez

Remax Property Experts License #01054750

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 0.43

Parking

  • 1 Car Garage

Home Design

  • 1,250 Sq Ft Home
  • Shingle Roof
  • Concrete Perimeter Foundation

Utilities

  • Wall Furnace
  • Separate Meters

Additional Features

  • Washer and Dryer Hookup
  • 18,840 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $105,480

Community Details

Overview

  • 1,250 Sq Ft Building

Building Details

  • 9 Leased Units
  • Insurance Expense $1,902
  • Operating Expense $3,368
  • Gross Income $105,480

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0.43 Acres

Parking

1

Listing Details

  • Zoning: R
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1250
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Living Sq Ft: 1250
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 12
  • Garage Parking Features: Common Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 577

Lot Info

  • Lot Acres: 0.4325
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18840.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18840.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.22
  • Number Of Leased: 9

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1902
  • Expenses Total: 3368
  • Income Annual Gross: 105480.00
  • Income Annual Rental: 105480
  • Income Gross Scheduled: 105480
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 9
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Heating, Utilities - Hot Water

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
0.0265%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 24, 2020
Closed on
Feb 1, 2021
Sold by
Bought by
Seller's Agent
Alfredo Trujillo
Harvest Property Mgmt. & Real Estate
Buyer's Agent
Ramon Vazquez
Remax Property Experts
List Price
$1,499,999
Sold Price
$950,000
Premium/Discount to List
-$549,999
-36.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
0.0265%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 24, 2020
Closed on
Dec 11, 2020
Sold by
Bought by
Seller's Agent
Alfredo Trujillo
Harvest Property Mgmt. & Real Estate
Buyer's Agent
Ramon Vazquez
Remax Property Experts
List Price
$1,499,999
Sold Price
$950,000
Premium/Discount to List
-$549,999
-36.67%

Purchase Details

Listed on
Aug 24, 2020
Closed on
Nov 19, 2020
Sold by
Bought by
Seller's Agent
Alfredo Trujillo
Harvest Property Mgmt. & Real Estate
Buyer's Agent
Ramon Vazquez
Remax Property Experts
List Price
$1,499,999
Sold Price
$950,000
Premium/Discount to List
-$549,999
-36.67%

Purchase Details

Closed on
Feb 11, 2016
Sold by
Bought by

Purchase Details

Closed on
May 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 2013
Sold by
Bought by

Purchase Details

Closed on
May 25, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title Company
-- None Available
$950,000 Old Republic Title Company
-- Chicago Title Company
-- None Available
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Previous Owner $665,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/15/2020 12/15/20 Sold $950,000 -36.7% $760 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $1,499,999 -- $1,200 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,756 $1,029,009 $432,972 $596,037
2024 $11,756 $1,008,147 $424,483 $583,664
2023 $8,536 $721,307 $323,919 $397,388
2022 $1,586 $721,307 $323,919 $397,388
2021 $1,526 $114,328 $35,136 $79,192
2020 $1,487 $113,856 $34,776 $79,080
2019 $1,466 $111,639 $34,095 $77,544
2018 $1,431 $109,465 $33,427 $76,038
2017 $1,431 $107,333 $32,772 $74,561
2016 $1,428 $105,243 $32,130 $73,113
2015 $1,438 $103,674 $31,648 $72,026
2014 $1,357 $101,658 $31,029 $70,629
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81807600

MLSListings
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