NOT LISTED FOR SALE

642 Terrace St Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $496,000 - $537,658

2 Beds
1 Bath
852 Sq Ft
$611/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $445,000 $522 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $3,124/month

23 Days on Market

About This Home

As of June 2023

This home is an As-Is fixer upper. This would be a great investment property, it has been a duplex for as long as anyone can remember. Or you can live here and rent out the ADU in the back.

Last Agent to Sell the Property

Steve Malvini

Malvini Real Estate Group License #01198227 Listed on: 05/06/2023

Last Buyer's Agent

Steve Malvini

Malvini Real Estate Group License #01198227 Listed on: 05/06/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 5,502 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Raised Foundation
  • Shake Roof

Interior Spaces

  • 852 Sq Ft Home
  • 1-Story Property
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 004-082-047-000

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

5,502 Sq Ft Lot

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 852
  • Year Built: 1937
  • Zoning Description: R-1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 852
  • Stories: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Raised
  • Roof: Shake

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Parcel Number: 004-082-047-000
  • Lot Acres: 0.1263
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Salinas Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2025
Sold by
Gonzalez Reyes Artemio Margarito and Perez Cruz Maximina
Bought by
Reyes Artemio Margarito Go and Cruz Maximina Perez
Current Estimated Value
$520,415

Purchase Details

Listed on
May 6, 2023
Closed on
Jun 5, 2023
Sold by
Salinas Residential Rentals
Bought by
Go Reyes Artemio Margarito and Perez Cruz Maximina
Seller's Agent
Steve Malvini
Malvini Real Estate Group
Buyer's Agent
Steve Malvini
Malvini Real Estate Group
List Price
$499,000
Sold Price
$445,000
Premium/Discount to List
-$54,000
-10.82%
Views
237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.99%

Purchase Details

Closed on
Dec 8, 2014
Sold by
Yasin Fayk
Bought by
Salinas Residential Rentals Llc

Purchase Details

Closed on
Sep 22, 2009
Sold by
Wachovia Mortgage Fsb
Bought by
Ysin Fayk

Purchase Details

Closed on
Aug 27, 2009
Sold by
Martinez Ricardo and Martinez Fernando
Bought by
Wachovia Mortgage Fsb and World Savings Bank Fsb

Purchase Details

Closed on
Dec 30, 2003
Sold by
Corona Esperanza
Bought by
Martinez Ricardo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
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
Reyes Artemio Margarito Go -- None Listed On Document
Go Reyes Artemio Margarito $445,000 Chicago Title
Salinas Residential Rentals Llc -- None Available
Ysin Fayk $200,000 Chicago Title Company
Wachovia Mortgage Fsb $60,033 Accommodation
Martinez Ricardo -- Chicago Title
Martinez Ricardo -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinez Ricardo $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $445,000 -10.8% $522 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/06/2023 05/06/23 For Sale $499,000 -- $586 / Sq Ft
Source: MLSListings

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 $5,315 $462,978 $275,706 $187,272
2024 $5,315 $453,900 $270,300 $183,600
2023 $1,472 $445,000 $265,000 $180,000
2022 $1,416 $121,624 $60,812 $60,812
2021 $1,361 $119,240 $59,620 $59,620
2020 $1,324 $118,018 $59,009 $59,009
2019 $1,312 $115,704 $57,852 $57,852
2018 $1,293 $113,436 $56,718 $56,718
2017 $1,294 $111,212 $55,606 $55,606
2016 $1,295 $109,032 $54,516 $54,516
2015 $1,306 $107,396 $53,698 $53,698
2014 $1,221 $105,294 $52,647 $52,647
Source: Public Records

Agents Affiliated with this Home

  • Steve Malvini

    Seller's Agent in 2023

    Steve Malvini

    Malvini Real Estate Group

    (831) 206-4919

    5 in this area

    22 Total Sales

    Steve Malvini
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Map

Source: MLSListings

MLS Number: ML81927338

MLSListings

APN: 004-082-047-000

California Monterey County Salinas 93905 East Salinas

642 Terrace St, Salinas, CA

Not Listed for Sale

Detached

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