NOT LISTED FOR SALE

525 Palma Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $848,363 - $1,027,000

4 Beds
2 Baths
2,113 Sq Ft
$434/Sq Ft Est. Value

About This Home

This home is located at 525 Palma Dr, Salinas, CA 93901 and is currently estimated at $917,841, approximately $434 per square foot. 525 Palma Dr is a home located in Monterey County with nearby schools including Mission Park Elementary School, University Park Elementary School, and Lincoln Elementary School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2025
Sold by
Elchaarani Wassim R and Elchaarani Lorena B
Bought by
Wassim And Lorena Elchaarani Family Trust and Elchaarani
Current Estimated Value
$917,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$99,861
Interest Rate
6.23%
Mortgage Type
Credit Line Revolving
Estimated Equity
$817,980

Purchase Details

Closed on
May 27, 2025
Sold by
Elchaarani Wassim Rached and Elchaarani Lorena Jimene
Bought by
Wassim And Lorena Elchaarani Family Trust and Elchaarani

Purchase Details

Closed on
Mar 23, 2017
Sold by
Elchaarani Bilal R
Bought by
Elchaarani Wassim Rached and Elchaarani Lorena Jimenez

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,350
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 21, 2014
Sold by
Elchaarani Bilal
Bought by
Elchaarani Bilal R and Bilal Elchaarani Living Trust

Purchase Details

Closed on
Aug 18, 2014
Sold by
Elchaarani Zeina
Bought by
Elchaarani Bilal

Purchase Details

Closed on
Apr 16, 2014
Sold by
Elchaarani Bilal R
Bought by
Elchaarani Bilal R and Bilal Elchaarani Living Trust

Purchase Details

Closed on
Jan 30, 2014
Sold by
Elchaarani Ali R
Bought by
Elchaarani Bilal R

Purchase Details

Closed on
Jan 3, 2013
Sold by
Elchaarni Wassim Rached
Bought by
Elchaarani Ali Rache D

Purchase Details

Closed on
Sep 19, 2012
Sold by
Elchaarani Lorena J
Bought by
Elchaarani Wassim R

Purchase Details

Closed on
Jul 5, 2011
Sold by
Elchaarani Lorena J
Bought by
Elchaarani Ali Rached

Purchase Details

Closed on
Jun 16, 2011
Sold by
El Chaarani Wassim Rached
Bought by
El Chaarani Lorena J

Purchase Details

Closed on
Oct 26, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Vea George V and Vea Vilma B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2010
Sold by
Bokanovich John A and Bokanovich Barbara Z
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 20, 2000
Sold by
Seto Chin Sang Gong and Seto Chin Bik
Bought by
Bokanovich John A and Bokanovich Barbara Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.67%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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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 Buyer Sale Price Title Company
Wassim And Lorena Elchaarani Family Trust -- Chicago Title Company
Elchaarani Wassim R -- Chicago Title Company
Wassim And Lorena Elchaarani Family Trust -- None Listed On Document
Elchaarani Wassim Rached $585,000 Old Republic Title Company
Elchaarani Bilal R -- First American Title Company
Elchaarani Bilal -- First American Title Company
Elchaarani Bilal R -- None Available
Elchaarani Bilal R -- None Available
Elchaarani Ali Rache D -- None Available
Elchaarani Wassim R -- None Available
Elchaarani Ali R -- None Available
Elchaarani Ali Rached -- None Available
El Chaarani Lorena J -- Old Republic Title Company
El Chaarani Lorena J $384,000 Old Republic Title Company
Vea George V $299,000 Ticor Title Company
Federal Home Loan Mortgage Corporation $343,513 Accommodation
Bokanovich John A $300,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elchaarani Wassim R $100,000
Previous Owner Elchaarani Wassim Rached $427,350
Previous Owner Vea George V $160,000
Previous Owner Bokanovich John A $240,000
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 $7,680 $678,936 $313,355 $365,581
2024 $7,680 $665,624 $307,211 $358,413
2023 $7,420 $652,574 $301,188 $351,386
2022 $7,142 $639,780 $295,283 $344,497
2021 $6,859 $627,237 $289,494 $337,743
2020 $6,668 $620,806 $286,526 $334,280
2019 $6,621 $608,634 $280,908 $327,726
2018 $6,538 $596,700 $275,400 $321,300
2017 $4,832 $433,057 $142,591 $290,466
2016 $4,835 $424,567 $139,796 $284,771
2015 $4,876 $418,191 $137,697 $280,494
2014 $4,405 $397,391 $82,790 $314,601
Source: Public Records

Map

California Monterey County Salinas 93901 South Salinas

525 Palma Dr, Salinas, CA

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