$629,500
SOLD APR 10, 2025
2 Beds
2 Baths
1,455 Sq Ft
6,399 Sq Ft Lot

Recently Sold

$433 Per Sq Ft

12% Below List Price

112 Days on Market

Highlights

  • City View
  • 1 Car Attached Garage
  • 1-Story Property

About This Home

As of April 2025

Welcome to this charming Duplex in Salinas, featuring 1,455 square feet of living space on a spacious 6,400 square foot lot. Two units 1 bedroom 1 bath each.This The flooring throughout the home provides a warm and welcoming feel. For your convenience, there is a one-car garage. Located within the Salinas City Elementary School District, this home offers easy access to local schools. Note that cooling is not provided, and heating is available via a wall furnace. Laundry facilities are not included. Don't miss this opportunity to own a lovely home in a vibrant community!

Last Agent to Sell the Property

Ramon Vazquez

Remax Property Experts License #01054750 Listed on: 11/13/2024

Remax Property Experts

Last Buyer's Agent

Elba Montero

Remax Property Experts License #02095191

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,455 Sq Ft Home
  • 1-Story Property
  • City Views

Additional Features

  • 6,399 Sq Ft Lot
  • Horses Potentially Allowed on Property
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $24,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,000
  • Maintenance Expense $2,000
  • Operating Expense $7,000
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1455
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Living Sq Ft: 1455
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • View: City
  • Horse Property: Possible

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1469
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.75
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Maintenance: 2000
  • Expenses Total: 7000
  • Income Annual Gross: 24000.00
  • Income Annual Rental: 24000
  • Income Gross Scheduled: 24000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer
  • Tenant Expenses: Services - Sewer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2024
Closed on
Mar 18, 2025
Sold by
Bruce William Chin Revocable Trust and Candice Cynda Chin Revocable Trust
Bought by
Tapia Rafael and Montero Elba Covarrubias
Seller's Agent
Ramon Vazquez
Remax Property Experts
Buyer's Agent
Elba Montero
Remax Property Experts
List Price
$715,000
Sold Price
$629,500
Premium/Discount to List
-$85,500
-11.96%
Views
127
Current Estimated Value
$648,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,998
Avg. Annual Appreciation
4.16%
Original Mortgage
$598,025
Outstanding Balance
$594,898
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$53,600

Purchase Details

Closed on
Feb 25, 2015
Sold by
Chin Candice Cynda
Bought by
Chin Candice Cynda and Candice Cynda Chin Revocable Trust

Purchase Details

Closed on
Aug 21, 2014
Sold by
Chin Bruce William and Chin Candice Cynda
Bought by
Chin Bruce William and Chin Candice Cynda

Purchase Details

Closed on
Aug 2, 2014
Sold by
Chin Bruce William
Bought by
Chin Bruce William and Bruce William Chin Revocable Trust

Purchase Details

Closed on
Sep 14, 2007
Sold by
Cruz Guadalupe A
Bought by
Cruz Antonio
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Grant Deed $629,500 Chicago Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $598,025 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2025 04/10/25 Sold $629,500 -8.8% $433 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
01/14/2025 01/14/25 Price Changed $690,000 -3.5% $474 / Sq Ft
11/13/2024 11/13/24 For Sale $715,000 -- $491 / 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 $783 $63,482 $19,657 $43,825
2024 $783 $62,238 $19,272 $42,966
2023 $757 $61,019 $18,895 $42,124
2022 $727 $59,824 $18,525 $41,299
2021 $700 $58,652 $18,162 $40,490
2020 $681 $58,051 $17,976 $40,075
2019 $674 $56,914 $17,624 $39,290
2018 $663 $55,799 $17,279 $38,520
2017 $664 $54,706 $16,941 $37,765
2016 $664 $53,634 $16,609 $37,025
2015 $669 $52,829 $16,360 $36,469
2014 $628 $51,795 $16,040 $35,755
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81986035

MLSListings

APN: 002-411-050-000