NOT LISTED FOR SALE

602 Wilson St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $678,000 - $834,000

4 Beds
2 Baths
1,850 Sq Ft
$411/Sq Ft Est. Value

Sale Details

Date Sold: November 13, 2020

Last sale price $575,000 $311 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,734 / mo

8 Days on Market

Highlights

  • 2 Car Attached Garage
  • 1-Story Property
  • 5-minute walk to Central Park

About This Home

As of November 2020

Property has been a successful rental for many years, Long term tenants professionally managed. Good cash flow as an investment or a great place to live!

Last Agent to Sell the Property

Thomas Linthicum

Tom Linthicum RE Company License #00833540 Listed on: 10/04/2020

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 6,098

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,850 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,098 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $25,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,045
  • Manager Expense $2,470
  • Other Expense $1,200
  • Operating Expense $5,216
  • Gross Income $25,200

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

6,098 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: RM2.9
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1850
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1850
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6100.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.79
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1045
  • Expense Management: 2470
  • Expenses Other: 1200
  • Expenses Total: 5216
  • Income Annual Gross: 25200.00
  • Income Annual Rental: 25200
  • Income Gross Scheduled: 25200
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Capital Improvements
  • Tenant Expenses: Services - Sewer, Utilities - Gas, Utilities - Water

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
Oct 4, 2020
Closed on
Nov 6, 2020
Sold by
Bought by
Seller's Agent
Thomas Linthicum
Tom Linthicum RE Company
Buyer's Agent
RECIP
Out of Area Office
List Price
$549,000
Sold Price
$575,000
Premium/Discount to List
$26,000
4.74%
Current Estimated Value
$760,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,641
Avg. Annual Appreciation
5.09%
Original Mortgage
$431,250
Outstanding Balance
$311,495
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$449,146

Purchase Details

Closed on
Dec 6, 2016
Sold by
Bought by

Purchase Details

Closed on
Jul 20, 2016
Sold by
Bought by
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

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
$575,000 Chicago Title Company
-- None Available
-- None Available
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 $431,250
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
11/13/2020 11/13/20 Sold $575,000 +4.7% $311 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $549,000 -- $297 / 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
2025 $7,804 $622,397 $324,729 $297,668
2024 $7,145 $610,194 $318,362 $291,832
2023 $6,904 $598,230 $312,120 $286,110
2022 $6,645 $586,500 $306,000 $280,500
2021 $6,384 $575,000 $300,000 $275,000
2020 $5,569 $510,000 $300,000 $210,000
2019 $1,002 $86,030 $32,649 $53,381
2018 $985 $84,344 $32,009 $52,335
2017 $986 $82,691 $31,382 $51,309
2016 $986 $81,070 $30,767 $50,303
2015 $994 $79,853 $30,305 $49,548
2014 $931 $78,290 $29,712 $48,578
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Thomas Linthicum

    Tom Linthicum RE Company

  • R

    Buyer's Agent in 2020

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81814083

MLSListings

APN: 002-091-015-000

California Monterey County Salinas 93901 South Salinas

602 Wilson St, Salinas, CA

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