NOT LISTED FOR SALE

507 San Blanco Ct Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $822,000 - $978,696

5 Beds
3 Baths
2,880 Sq Ft
$320/Sq Ft Est. Value

Last Sold July 10, 2015

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

Est. 94% increase in value since last sale

Current estimated payment $5,443/month

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
$921,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446,424
Avg. Annual Appreciation
6.38%
Original Mortgage
$371,000
Outstanding Balance
$285,714
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$635,710

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

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

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

Not Listed for Sale

MultiFamily

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