NOT LISTED FOR SALE

528 Terrace St Salinas, CA 93905

East Salinas Neighborhood
8 Beds
4 Baths
2,800 Sq Ft
6,752 Sq Ft Lot

Sale Details

Date Sold: March 13, 2015

Last sale price $415,000 $148 Per Sq Ft

9 Days on Market

About This Home

As of March 2015

GREAT FOUR-PLEX WITH UPDATED UNITS**CONVENIENT LOCATION AND READY TO GO**FULLY OCCUPIED**PRICED TO SELL FAST***

Last Agent to Sell the Property

Andrew Buchanan

Farah Bani-Taba, Broker License #01016325 Listed on: 12/29/2014

Farah Bani-Taba, Broker

Last Buyer's Agent

Dennis Lunder

Dennis A. Lunder, Broker License #00656586

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,752 Sq Ft Lot

Home Design

  • 2,800 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $48,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,147
  • Maintenance Expense $1,200
  • Other Expense $5,635
  • Utility Expense $3,005
  • Operating Expense $15,294
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

6,752 Sq Ft Lot

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2800

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Lot Info

  • Lot Acres: 0.1550
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 6.25
  • Number Of Leased: 4

Multi Family

  • Expense Insurance: 1147
  • Expense Maintenance: 1200
  • Expenses Other: 5635
  • Expenses Total: 15294
  • Expenses Utility: 3005
  • Income Annual Gross: 48000.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 48000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Maintenance - Repair, Miscellaneous/Other
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2014
Closed on
Apr 15, 2015
Sold by
Bought by
Seller's Agent
Andrew Buchanan
Farah Bani-Taba, Broker
Buyer's Agent
Dennis Lunder
Dennis A. Lunder, Broker
List Price
$299,950
Sold Price
$415,000
Premium/Discount to List
$115,050
38.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 29, 2014
Closed on
Mar 10, 2015
Sold by
Bought by
Seller's Agent
Andrew Buchanan
Farah Bani-Taba, Broker
Buyer's Agent
Dennis Lunder
Dennis A. Lunder, Broker
List Price
$299,950
Sold Price
$415,000
Premium/Discount to List
$115,050
38.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,250
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 26, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
2.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 1997
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Salinas, CA

  • Christian Haun Real Estate Agent - eXp Realty of California Inc

    Christian Haun

    Responds Quickly

    eXp Realty of California Inc

    (831) 264-0671

    57 Total Sales

    6 in East Salinas

    $355K - $1.2M Price Range

    Christian Haun
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  • Jorge Edeza Real Estate Agent - Remax Property Experts

    Jorge Edeza

    Remax Property Experts

    (831) 273-8618

    106 Total Sales

    17 in East Salinas

    $335K - $836K Price Range

    Jorge Edeza
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  • Young Seon Myong Real Estate Agent - Sotheby’s International Realty

    Young Seon Myong

    Sotheby’s International Realty

    (831) 574-2265

    21 Total Sales

    2 in East Salinas

    $315K - $879K Price Range

    Young Seon Myong
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  • Mark Cohan Real Estate Agent - Compass

    Mark Cohan

    Compass

    (831) 273-8684

    31 Total Sales

    4 in East Salinas

    $436K - $850K Price Range

    Mark Cohan
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  • Anna Abad Real Estate Agent - Steinbeck Real Estate, Inc.

    Anna Abad

    Responds Quickly

    Steinbeck Real Estate, Inc.

    (831) 273-4584

    44 Total Sales

    3 in East Salinas

    $332K - $625K Price Range

    Anna Abad
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  • Regina Shaw Real Estate Agent - Intero Real Estate Services

    Regina Shaw

    Intero Real Estate Services

    (831) 273-3582

    98 Total Sales

    12 in East Salinas

    $240K - $909K Price Range

    Regina Shaw
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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
-- None Available
$415,000 Cornerstone Title Company
-- Cornerstone Title Company
$213,000 Lawyers Title
-- First American Title Co
-- Fidelity National Title Co
$600,000 Fidelity National Title Co
-- --
$195,000 Stewart Title
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 $282,500
Closed $311,250
Previous Owner $50,000
Previous Owner $169,000
Previous Owner $480,000
Previous Owner $450,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
03/13/2015 03/13/15 Sold $415,000 +38.4% $148 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $299,950 -- $107 / Sq Ft
Source: MLSListings

Tax 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.

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
2026 $6,292 $618,730 $147,102 $471,628
2025 $6,292 $498,756 $144,218 $354,538
2024 $5,762 $488,978 $141,391 $347,587
2023 $5,569 $479,391 $138,619 $340,772
2022 $5,363 $469,992 $135,901 $334,091
2021 $5,153 $460,778 $133,237 $327,541
2020 $5,011 $456,054 $131,871 $324,183
2019 $4,974 $447,113 $129,286 $317,827
2018 $4,911 $438,347 $126,751 $311,596
2017 $4,915 $429,753 $124,266 $305,487
2016 $4,919 $421,328 $121,830 $299,498
2015 $2,697 $222,606 $78,382 $144,224
2014 $4,834 $218,246 $76,847 $141,399
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Andrew Buchanan

    Farah Bani-Taba, Broker

    Section Image
  • Dennis Lunder Real Estate Agent - Dennis A. Lunder, Broker

    Buyer's Agent in 2015

    Dennis Lunder

    Dennis A. Lunder, Broker

    (408) 892-4207

    36 Total Sales

    Dennis Lunder
    Section Image
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Map

Source: MLSListings

MLS Number: ML81445477

MLSListings

APN: 004-022-027

California Monterey County Salinas 93905 East Salinas

528 Terrace St, Salinas, CA

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