NOT LISTED FOR SALE

614 Wilson St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $754,000 - $838,000

4 Beds
2 Baths
1,856 Sq Ft
$422/Sq Ft Est. Value

Last Sold October 29, 2020

Last sale price $575,000 $310 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,688/month

7 Days on Market

About This Home

As of October 2020

Property has been a successful income property for years. It is professionally managed a great investment property of could be a great home to live in one or both units in a nice area!

Last Agent to Sell the Property

Thomas Linthicum

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

Last Buyer's Agent

Alfred Ramirez

Ramirez Properties License #01095452

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 6,098

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,856 Sq Ft Home
  • 1-Story Property

Additional Features

  • 6,098 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $32,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $880
  • Insurance Expense $1,045
  • Maintenance Expense $1,000
  • Manager Expense $3,260
  • Other Expense $1,000
  • Utility Expense $609
  • Operating Expense $8,201
  • Gross Income $32,600

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM2.9
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1856
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1856
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage
  • Carport Min: 2

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: 16.84
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1045
  • Expense Landscape: 880
  • Expense Maintenance: 1000
  • Expense Management: 3260
  • Expenses Other: 1000
  • Expenses Total: 8201
  • Expenses Utility: 609
  • Income Annual Gross: 32600.00
  • Income Annual Rental: 32600
  • Income Gross Scheduled: 32600
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Capital Improvements
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2020
Closed on
Oct 21, 2020
Sold by
Linthicum Ronald Scott and Patricia L Opfer Living Trust
Bought by
Martin Ouita and The Quita Martin Living Trust
Seller's Agent
Thomas Linthicum
Tom Linthicum RE Company
Buyer's Agent
Alfred Ramirez
Ramirez Properties
List Price
$549,000
Sold Price
$575,000
Premium/Discount to List
$26,000
4.74%
Current Estimated Value
$782,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,818
Avg. Annual Appreciation
6.14%

Purchase Details

Closed on
Dec 6, 2016
Sold by
Opfer Patricia L
Bought by
Opfer Patricia L and Patricia L Opfer Trust

Purchase Details

Closed on
Jul 20, 2016
Sold by
Opfer Patricia L
Bought by
Opfer Patricia L
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 Buyer Sale Price Title Company
Martin Ouita $575,000 Chicago Title Company
Opfer Patricia L -- None Available
Opfer Patricia L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2020 10/29/20 Sold $575,000 +4.7% $310 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $549,000 -- $296 / 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 $7,145 $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 $809 $68,388 $22,777 $45,611
2018 $794 $67,048 $22,331 $44,717
2017 $795 $65,735 $21,894 $43,841
2016 $795 $64,447 $21,465 $42,982
2015 $801 $63,480 $21,143 $42,337
2014 $751 $62,237 $20,729 $41,508
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Thomas Linthicum

    Tom Linthicum RE Company

  • Alfred Ramirez

    Buyer's Agent in 2020

    Alfred Ramirez

    Ramirez Properties

    (831) 443-1515

    10 in this area

    85 Total Sales

    Alfred Ramirez
    Section Image
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Map

Source: MLSListings

MLS Number: ML81814096

MLSListings

APN: 002-091-012-000

California Monterey County Salinas 93901 South Salinas

614 Wilson St, Salinas, CA

Not Listed for Sale

MultiFamily

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