NOT LISTED FOR SALE

5 Cassidy St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $551,285 - $720,000

2 Beds
1 Bath
1,067 Sq Ft
$606/Sq Ft Est. Value

Last Sold January 31, 2013

Last sale price $234,000 $219 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $3,657/month

34 Days on Market

Highlights

  • Deck
  • Community Playground
  • Tile Flooring
  • Neighborhood Views
  • Community Barbecue Grill
  • Forced Air Heating System

About This Home

As of January 2013

LOOK AT THE PICTURES!!! CHECK THE SIZE OF THE LOT!!! NOTICE THE LOCATION AND YOU UNDERSTAND WHY VACANCY IS NOT A PROBLEM!!! ZONING IS MEDIUM DENSITY!!! WALK TO SCHOOL,WALK TO CHURCH,WALK TO WORK AND WALK TO ALL THE SHOPS!!! THIS PROPERTY MAKES LOVING SALINAS SO EASY.

Last Agent to Sell the Property

Bob Bumba

Bumba Real Estate License #00430891 Listed on: 02/17/2012

Last Buyer's Agent

Roger Powers

Roger Powers Realty License #01018947

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • 7,187

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,067 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Washer and Dryer

Flooring

  • Laminate
  • Tile

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck

Listing and Financial Details

  • Total Actual Rent $22,800
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Recreation

  • Community Playground

Building Details

  • Gardener Expense $50
  • Insurance Expense $51
  • Maintenance Expense $30
  • Other Expense $35
  • Trash Expense $27
  • Operating Expense $2,042
  • Gross Income $22,800

Additional Features

  • 1,067 Sq Ft Building
  • Community Barbecue Grill

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 219.31
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1067
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1067
  • Stories: 1
  • Laundry: Washer/Dryer - Owned, Washer/Dryer - Some Units, In Some Units
  • Flooring: Tile, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Off-Street Parking, Uncovered Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Playground, Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • High School: 583

Lot Info

  • Lot Location: Court
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7200.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7200.00
  • Lot Size Area Min Search: 7200.00
  • Maximum Lot Size: 7200.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.65

Multi Family

  • Expense Insurance: 51
  • Expense Landscape: 50
  • Expense Maintenance: 30
  • Expenses Other: 35
  • Expenses Total: 2042
  • Expense Trash: 27
  • Expense Water Sewer: 53
  • Income Annual Gross: 22800.00
  • Income Annual Rental: 22800
  • Income Gross Scheduled: 22800
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Fee - Property Tax
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2012
Closed on
Jan 24, 2013
Sold by
Marcial Rafael
Bought by
Quinones Perla
Seller's Agent
Bob Bumba
Bumba Real Estate
Buyer's Agent
Roger Powers
Roger Powers Realty
List Price
$240,000
Sold Price
$234,000
Premium/Discount to List
-$6,000
-2.5%
Current Estimated Value
$646,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,821
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Jul 24, 2012
Sold by
Alfaro Jose F and Alfaro Janette M
Bought by
Quinones Perla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 20, 2008
Sold by
Alfaro Jose and Regan Alfaro Jeniffer Darice
Bought by
Alfaro Jose F and Alfaro Janette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,100
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 1997
Sold by
Abergel Isaac and Abergel Carol
Bought by
Alfaro Jose and Regan Alfaro Jennifer Darice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.54%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 12, 1996
Sold by
Maderak Chester T and Maderak Ruth M
Bought by
Abergel Isaac and Abergel Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
8.32%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Quinones Perla -- Old Republic Title Company
Quinones Perla $234,000 Old Republic Title Company
Alfaro Jose F $429,000 Old Republic Title Company
Alfaro Jose $125,000 Old Republic Title
Abergel Isaac $110,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quinones Perla $216,015
Previous Owner Alfaro Jose F $386,100
Previous Owner Alfaro Jose $110,000
Previous Owner Abergel Isaac $77,000
Closed Alfaro Jose $5,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2013 01/31/13 Sold $234,000 -2.5% $219 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $240,000 -- $225 / 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 $3,349 $288,140 $92,350 $195,790
2024 $3,349 $282,491 $90,540 $191,951
2023 $3,237 $276,953 $88,765 $188,188
2022 $3,113 $271,524 $87,025 $184,499
2021 $2,991 $266,201 $85,319 $180,882
2020 $2,907 $263,473 $84,445 $179,028
2019 $2,885 $258,308 $82,790 $175,518
2018 $2,848 $253,244 $81,167 $172,077
2017 $2,850 $248,279 $79,576 $168,703
2016 $2,852 $243,412 $78,016 $165,396
2015 $2,877 $239,757 $76,845 $162,912
2014 $2,686 $235,061 $75,340 $159,721
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Bob Bumba

    Bumba Real Estate

    Section Image
  • Roger Powers

    Buyer's Agent in 2013

    Roger Powers

    Roger Powers Realty

    (831) 757-4246

    11 Total Sales

    Roger Powers
    Section Image
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Map

Source: MLSListings

MLS Number: ML81206166

MLSListings

APN: 002-162-057-000

California Monterey County Salinas 93901 South Salinas

5 Cassidy St, Salinas, CA

Not Listed for Sale

MultiFamily

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