NOT LISTED FOR SALE

685 Hamilton Ave Seaside, CA 93955

Estimated Value: $615,030 - $1,062,000

3 Beds
2 Baths
1,200 Sq Ft
$664/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $570,000 $475 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,525/month

10 Days on Market

Highlights

  • 2 Car Attached Garage
  • Secured Garage or Parking
  • Carpet
  • Monterey High School Rated A

About This Home

As of September 2016

Property is being sold in conjunction with Lot 011-331-010. Combined property is a total of 7636 sq ft and includes a 2 car garage with extra storage on lot 011-331-010. Lot 011-331-009 is zoned as a Duplex and contains two units. The main house is 2 bedrooms, 1 bath and offers a fireplace, living room with dining area, clean kitchen and two generously sized bedrooms. The property offers updated exterior siding, patio, fences and landscaping, laminate flooring, bathroom update and new paint, newer roofs, electrical and plumbing. The second unit has it's owner driveway and offers a 1 bedroom, 1 bath unit with kitchen and full bathroom. Laundry room joins this unit. Main house is used and a rental and back house as a vacation home for current owners. Lots of potential with these two lots. First showings Wednesday at 12pm and again at 5pm.

Last Agent to Sell the Property

Audrey wardwell

36 North Properties License #01746254 Listed on: 07/15/2016

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 3,703

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Secured Garage or Parking
  • Off-Street Parking

Home Design

  • 1,200 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Vinyl

Additional Features

  • Washer and Dryer Hookup
  • 3,703 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $23,700

Community Details

Overview

  • 1,200 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $840
  • Insurance Expense $1,200
  • Maintenance Expense $300
  • Manager Expense $1,422
  • Operating Expense $4,227
  • Gross Income $23,463

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Living Sq Ft: 1200
  • Security: Secured Garage / Parking
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking
  • Carport Min: 1

Utilities

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

Lot Info

  • Lot Acres: 0.0850
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3715.67
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3715.67

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.38
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 840
  • Expense Maintenance: 300
  • Expense Management: 1422
  • Expenses Total: 4227
  • Income Annual Gross: 23463.00
  • Income Annual Rental: 23700
  • Income Gross Scheduled: 23700
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 3
  • Tenant Expenses: All Expenses
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2016
Closed on
Sep 1, 2016
Sold by
Marotto Ronald Raymond and Marotto Sandra H
Bought by
Low Jeremiah and Low Ashley
Seller's Agent
Audrey wardwell
36 North Properties
Buyer's Agent
RECIP
Out of Area Office
List Price
$649,000
Sold Price
$570,000
Premium/Discount to List
-$79,000
-12.17%
Current Estimated Value
$797,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,258
Avg. Annual Appreciation
3.65%
Original Mortgage
$456,000
Outstanding Balance
$364,235
Interest Rate
3.43%
Mortgage Type
New Conventional
Estimated Equity
$433,023

Purchase Details

Closed on
Jun 12, 1998
Sold by
Marotto Ronald R and Frank T Marotto 1990 Trust
Bought by
Marotto Ronald Raymond and Marotto Sandra H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Low Jeremiah $570,000 First American Title Company
Marotto Ronald Raymond -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Low Jeremiah $456,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $570,000 -12.2% $475 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
07/15/2016 07/15/16 For Sale $649,000 -- $541 / 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 $4,322 $406,199 $232,114 $174,085
2024 $4,322 $398,235 $227,563 $170,672
2023 $4,332 $390,427 $223,101 $167,326
2022 $4,272 $382,773 $218,727 $164,046
2021 $4,211 $375,269 $214,439 $160,830
2020 $4,054 $371,422 $212,241 $159,181
2019 $4,250 $364,140 $208,080 $156,060
2018 $4,083 $357,000 $204,000 $153,000
2017 $3,785 $350,000 $200,000 $150,000
2016 $471 $34,475 $4,326 $30,149
2015 -- $33,959 $4,262 $29,697
2014 -- $33,295 $4,179 $29,116
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Audrey wardwell

    36 North Properties

    (831) 320-7116

    2 in this area

    20 Total Sales

    Audrey wardwell
    Section Image

  • R

    Buyer's Agent in 2016

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81595347

MLSListings

APN: 011-331-009-000

California Monterey County Seaside 93955

685 Hamilton Ave, Seaside, CA

Not Listed for Sale

MultiFamily

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