NOT LISTED FOR SALE

622 Ambrose Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $858,320 - $1,076,000

4 Beds
2 Baths
1,828 Sq Ft
$518/Sq Ft Est. Value

Last Sold March 21, 2024

Last sale price $850,500 $465 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,373/month

6 Days on Market

Highlights

  • 2 Car Attached Garage
  • Ceiling Fan
  • 1-Story Property
  • Forced Air Heating System
  • Carpet

About This Home

As of March 2024

Be sure to check out this attached duplex in a desirable location! Each unit has 2 bedrooms, 1 bathroom, a wood burning fireplace, approximately 914 Sq Ft with an interior courtyard, an attached 1 car garage and a backyard. Unit 622 is currently vacant and ready to be leased at market rent or moved into by the new owner. It has newer laminate flooring in the living room, bedrooms and hallway plus it was also recently painted. Both units have the same floor plan, however, they are a reverse floor plan of one another. Unit 624 is currently occupied by a long-term tenant. The exterior was recently repainted and the roof is approximately 10 years new.

Last Agent to Sell the Property

Melinda M. Fike

Intero Real Estate Services License #01362814 Listed on: 02/29/2024

Intero Real Estate Services

Last Buyer's Agent

Tony Azevedo

CENTURY 21 Masters License #01453535

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 6,800 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 1,828 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Electric Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $48,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $900
  • Maintenance Expense $850
  • Utility Expense $1,320
  • Operating Expense $7,816
  • Gross Income $48,600

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1828
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Oven Range - Electric
  • Living Sq Ft: 1828
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1561
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6800.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.98
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 900
  • Expense Maintenance: 850
  • Expenses Total: 7816
  • Expenses Utility: 1320
  • Income Annual Gross: 48600.00
  • Income Annual Rental: 48600
  • Income Gross Scheduled: 48600
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 22, 2024
Sold by
Oliveira Manuel and Oliveira Mary Lou
Bought by
Manuel Oliveira And Mary Lou Oliveira Revocab and Oliveira
Seller's Agent
Melinda M. Fike
Intero Real Estate Services
Buyer's Agent
Tony Azevedo
CENTURY 21 Masters
List Price
$825,000
Sold Price
$850,500
Premium/Discount to List
$25,500
3.09%
Views
62
Current Estimated Value
$947,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,830
Avg. Annual Appreciation
6.28%

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 19, 2024
Sold by
2019 John M Lemaster Revocable Trust
Bought by
Oliveira Manuel and Oliveira Mary Lou
Seller's Agent
Melinda M. Fike
Intero Real Estate Services
Buyer's Agent
Tony Azevedo
CENTURY 21 Masters
List Price
$825,000
Sold Price
$850,500
Premium/Discount to List
$25,500
3.09%
Views
62

Purchase Details

Closed on
Apr 22, 2019
Sold by
Lemaste John M and Le Master John Michael
Bought by
Lemaster John M and 2019 John M Lemaster Revocable
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
Manuel Oliveira And Mary Lou Oliveira Revocab -- None Listed On Document
Oliveira Manuel $850,500 First American Title
Lemaster John M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2024 03/21/24 Sold $850,500 +3.1% $465 / Sq Ft
03/07/2024 03/07/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $825,000 -- $451 / 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 $4,911 $867,510 $392,700 $474,810
2024 $4,911 $850,500 $385,000 $465,500
2023 $4,746 $411,405 $140,331 $271,074
2022 $4,568 $403,339 $137,580 $265,759
2021 $4,389 $395,432 $134,883 $260,549
2020 $4,267 $391,378 $133,500 $257,878
2019 $4,237 $383,705 $130,883 $252,822
2018 $4,184 $376,182 $128,317 $247,865
2017 $4,187 $368,806 $125,801 $243,005
2016 $4,191 $361,576 $123,335 $238,241
2015 $4,227 $356,146 $121,483 $234,663
2014 $3,695 $327,000 $112,000 $215,000
Source: Public Records

Agents Affiliated with this Home

  • Melinda M. Fike

    Seller's Agent in 2024

    Melinda M. Fike

    Intero Real Estate Services

    (831) 262-9139

    10 in this area

    33 Total Sales

    Melinda M. Fike
    Section Image

  • T

    Buyer's Agent in 2024

    Tony Azevedo

    CENTURY 21 Masters

    Section Image
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Map

Source: MLSListings

MLS Number: ML81955906

MLSListings

APN: 016-086-017-000

California Monterey County Salinas 93901 South Salinas

622 Ambrose Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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