NOT LISTED FOR SALE

507 San Blanco Ct Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $834,000 - $1,000,446

5 Beds
3 Baths
2,880 Sq Ft
$313/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2015

Last sale price $475,000 $165 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,400 / mo

3 Days on Market

Highlights

  • Balcony
  • 3 Car Attached Garage
  • Forced Air Heating System
  • Fireplace
  • Tile Flooring
  • Washer and Dryer

About This Home

As of July 2015

Duplex in Mission Park-South Salinas (Great Location). Long-term tenants in place on a month to month lease. 1275 San Blanco Drive is a large 3 bed 2 bath unit with large living room, family room with fireplace, kitchen/dining room, fenced yard with patio and over-sized 2 car garage with washer/dryer hookups. 507 San Blanco Court is a 2 bed, 1 bath, living room with fire place, kitchen/dining room, fenced yard with patio and over-sized attached 1 car garage with washer/dryer hookups. Faces cul-de-sac.

Last Agent to Sell the Property

John Hankard

Sotheby’s International Realty License #01733114 Listed on: 05/29/2015

Sotheby’s International Realty

Last Buyer's Agent

Sharon Bryant

White Water Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • Level Lot
  • Back Yard

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient HVAC
  • Balcony

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,020
  • Insurance Expense $1,065
  • Maintenance Expense $140
  • Manager Expense $2,852
  • Other Expense $50
  • Utility Expense $864
  • Operating Expense $9,986
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

9,060 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Formica, Dishwasher, Oven Range - Built-In, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2880
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Post And Pier
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9213.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9213.00

Green Features

  • Energy Features: Energy Star Hvac

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.10
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1065
  • Expense Landscape: 1020
  • Expense Maintenance: 140
  • Expense Management: 2852
  • Expenses Other: 50
  • Expenses Total: 9986
  • Expenses Utility: 864
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Lease
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2015
Closed on
Jun 30, 2015
Sold by
Mckalson Ward V and Mckalson Kristen D
Bought by
Yang Solomon
Seller's Agent
John Hankard
Sotheby’s International Realty
Buyer's Agent
Sharon Bryant
White Water Realty
List Price
$399,500
Sold Price
$475,000
Premium/Discount to List
$75,500
18.9%
Current Estimated Value
$901,612

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,612
Avg. Annual Appreciation
6.06%
Original Mortgage
$371,000
Outstanding Balance
$285,714
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$615,898

Purchase Details

Closed on
Jan 22, 2010
Sold by
Mckalson Ward V and Survivors Trust Of The 1972 Mc
Bought by
Mckalson Ward V and Mckalson Kristen D

Purchase Details

Closed on
Dec 5, 2005
Sold by
Mckalson Ward V and Mckalson Kristen D
Bought by
Mckalson Ward V and Mckalson Kristen D

Purchase Details

Closed on
Jan 6, 2005
Sold by
Mckalson Ward and Mckalson Kristen D
Bought by
Mckalson Ward V and Mckalson Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,200
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2004
Sold by
Mckalson Ward V and Mckalson Kristen D
Bought by
Mckalson Ward and Mckalson Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,200
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2001
Sold by
Mckalson Ward V and Mckalson Kristen D
Bought by
Mckalson Ward V and Mckalson Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.88%

Purchase Details

Closed on
Oct 15, 1996
Sold by
Sanford David Francis and Sanford Paul Kenneth
Bought by
Mckalson Ward V and Mckalson Kristen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,500
Interest Rate
8.14%

Purchase Details

Closed on
Dec 12, 1994
Sold by
Sanford David F and Sanford Janet L
Bought by
Sanford Carolyn Joy and Sanford Paul K
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

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
Yang Solomon $475,000 First American Title Company
Mckalson Ward V -- None Available
Mckalson Ward V -- Attorney
Mckalson Ward V -- Chicago Title Co
Mckalson Ward -- Chicago Title
Mckalson Ward V -- Chicago Title Co
Mckalson Ward V -- Chicago Title Co
Mckalson Ward V $235,500 First American Title Co
Sanford Carolyn Joy -- --
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 Yang Solomon $371,000
Previous Owner Mckalson Ward $201,200
Previous Owner Mckalson Ward V $205,000
Previous Owner Mckalson Ward V $185,500
Closed Mckalson Ward V $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2015 07/10/15 Sold $475,000 +18.9% $165 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $399,500 -- $139 / 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 $6,245 $562,296 $189,404 $372,892
2024 $6,245 $551,272 $185,691 $365,581
2023 $6,022 $540,463 $182,050 $358,413
2022 $6,055 $529,867 $178,481 $351,386
2021 $5,791 $519,479 $174,982 $344,497
2020 $5,656 $514,153 $173,188 $340,965
2019 $5,623 $504,073 $169,793 $334,280
2018 $5,547 $494,190 $166,464 $327,726
2017 $5,673 $484,500 $163,200 $321,300
2016 $5,469 $475,000 $160,000 $315,000
2015 $3,760 $319,122 $118,567 $200,555
2014 $3,572 $312,872 $116,245 $196,627
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    John Hankard

    Sotheby’s International Realty

    Section Image

  • S

    Buyer's Agent in 2015

    Sharon Bryant

    White Water Realty

  • Y

    Buyer's Agent in 2015

    Young Seon Myong

    Keller Williams Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81467766

MLSListings

APN: 207-162-014-000

California Monterey County Salinas 93901 South Salinas

507 San Blanco Ct, Salinas, CA

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