NOT LISTED FOR SALE

69 N Madeira Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $550,000 - $788,000

6 Beds
4 Baths
1,980 Sq Ft
$347/Sq Ft Est. Value

Last Sold May 17, 2017

Last sale price $405,000 $205 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $4,266/month

216 Days on Market

Highlights

  • Double Pane Windows
  • Fenced
  • Grass Covered Lot
  • ENERGY STAR Qualified Appliances
  • Level Lot
  • 4-minute walk to La Paz Park

About This Home

As of May 2017

Selling price offers a positive cash flow for investors with long term tenants. New windows, paint furnace, plumbing placed in units. Two 3 bedroom units with on site parking.

Last Agent to Sell the Property

Trina Coffman-Gomez

Allegiance Realty Services License #01349020 Listed on: 06/08/2016

Last Buyer's Agent

Hui Wang

Shen's Management & Sales Inc License #01849118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,408

Year Built

  • 1986

Lot Details

  • 6,011 Sq Ft Lot
  • Fenced
  • Level Lot
  • Grass Covered Lot

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Flooring
  • ENERGY STAR Qualified Appliances

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $30,360

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,100
  • Maintenance Expense $4,000
  • Other Expense $500
  • Utility Expense $756
  • Operating Expense $9,066
  • Gross Income $30,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,408

Year Built

1986

Lot Details

0

Listing Details

  • Zoning: 2
  • Subclass: Duplex
  • Age: 30
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1986

Interior Features

  • Living Sq Ft: 1980
  • Stories: 1
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, Common Parking Area, On Street
  • Carport Min: 2

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Green Features

  • Energy Features: Double Pane Windows, Energy Star Appliances, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.34
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1100
  • Expense Maintenance: 4000
  • Expenses Other: 500
  • Expenses Total: 9066
  • Expenses Utility: 756
  • Income Annual Gross: 30360.00
  • Income Annual Rental: 30360
  • Income Gross Scheduled: 30360
  • Income Includes: Rents
  • Meters: Master Gas, Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2016
Closed on
May 2, 2017
Sold by
Gomez Herbert
Bought by
Nguyen Jetson and Nguyen Danyan
Seller's Agent
Trina Coffman-Gomez
Allegiance Realty Services
Buyer's Agent
Hui Wang
Shen's Management & Sales Inc
List Price
$405,000
Sold Price
$405,000
Current Estimated Value
$690,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,660
Avg. Annual Appreciation
6.67%
Original Mortgage
$283,500
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2015
Sold by
Gomez Trina
Bought by
Gomez Herbert

Purchase Details

Closed on
Jul 20, 1999
Sold by
Enomoto Jerry
Bought by
Gomez Herbert and Gomez Trina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,375
Interest Rate
8.92%
Source: Public Records

Range of Values:

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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
Nguyen Jetson $405,000 First American Title Company
Gomez Herbert -- First American Title Co Er S
Gomez Herbert $176,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nguyen Jetson $275,500
Closed Nguyen Jetson $283,500
Previous Owner Gomez Herbert $417,000
Previous Owner Gomez Herbert $235,000
Previous Owner Gomez Herbert $225,000
Previous Owner Gomez Herbert $217,500
Previous Owner Gomez Herbert $132,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2017 05/17/17 Sold $405,000 0.0% $205 / Sq Ft
01/11/2017 01/11/17 Pending -- -- --
12/23/2016 12/23/16 For Sale $405,000 0.0% $205 / Sq Ft
12/23/2016 12/23/16 Price Changed $405,000 0.0% $205 / Sq Ft
12/16/2016 12/16/16 Off Market $405,000 -- --
06/23/2016 06/23/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $345,000 -- $174 / 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 $5,408 $470,032 $174,085 $295,947
2024 $5,408 $460,817 $170,672 $290,145
2023 $5,227 $451,782 $167,326 $284,456
2022 $5,033 $442,925 $164,046 $278,879
2021 $4,835 $434,241 $160,830 $273,411
2020 $4,701 $429,789 $159,181 $270,608
2019 $4,668 $421,362 $156,060 $265,302
2018 $4,610 $413,100 $153,000 $260,100
2017 $2,686 $233,728 $92,696 $141,032
2016 $2,688 $229,146 $90,879 $138,267
2015 -- $225,705 $89,514 $136,191
2014 -- $221,285 $87,761 $133,524
Source: Public Records

Agents Affiliated with this Home

  • Trina Coffman-Gomez

    Seller's Agent in 2017

    Trina Coffman-Gomez

    Allegiance Realty Services

    (408) 670-4846

    12 Total Sales

    Section Image

  • H

    Buyer's Agent in 2017

    Hui Wang

    Shen's Management & Sales Inc

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Map

Source: MLSListings

MLS Number: ML81589557

MLSListings

APN: 003-081-005-000

California Monterey County Salinas 93905 East Salinas

69 N Madeira Ave, Salinas, CA

This home is located at 69 N Madeira Ave, Salinas, CA 93905 since 08 June 2016 and is currently estimated at $687,857, approximately $347 per square foot. This property was built in 1986. 69 N Madeira Ave is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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