NOT LISTED FOR SALE

Estimated Value: $910,000 - $1,252,000

5 Beds
4 Baths
2,211 Sq Ft
$461/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $608,000 $275 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,209/month

7 Days on Market

Highlights

  • 0.34 Acre Lot
  • Forced Air Heating System
  • 1-Story Property
  • 2 Car Attached Garage
  • Vinyl Flooring

About This Home

As of June 2019

Great Duplex Rental Property!! Located in nice neighborhood near shopping, each has attached two car garage and large backyard. Units are 3 Bedroom 2 Bath / 2 Bedroom 2 Bath, each with a fireplace.

Last Agent to Sell the Property

Joe Denning

Buyers Real Estate, Inc. License #01098790 Listed on: 05/16/2019

Last Buyer's Agent

Fabian Coria

Elite Realty License #01424400

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,974

Year Built

  • 1985

Lot Details

  • 0.34

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,211 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Additional Features

  • 0.34 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $41,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $800
  • Maintenance Expense $695
  • Manager Expense $3,726
  • Other Expense $590
  • Operating Expense $11,254
  • Gross Income $41,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,974

Year Built

1985

Lot Details

0

Parking

2

Listing Details

  • Zoning: r2
  • Subclass: Duplex
  • Age: 34
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2211
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 2211
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.3400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14810.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14810.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.99
  • Number Of Leased: 2

Multi Family

  • Utilities: Natural Gas
  • Expense Insurance: 800
  • Expense Maintenance: 695
  • Expense Management: 3726
  • Expenses Other: 590
  • Expenses Total: 11254
  • Income Annual Gross: 41400.00
  • Income Annual Rental: 41400
  • Income Gross Scheduled: 41400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Jun 6, 2019
Sold by
Kwak Young In and Kwak Young
Bought by
Deanda Enrique
Seller's Agent
Joe Denning
Buyers Real Estate, Inc.
Buyer's Agent
Fabian Coria
Elite Realty
List Price
$579,000
Sold Price
$608,000
Premium/Discount to List
$29,000
5.01%
Current Estimated Value
$1,019,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,469
Avg. Annual Appreciation
7.23%

Purchase Details

Listed on
Nov 12, 2013
Closed on
Feb 25, 2014
Sold by
Carlton Edward D
Bought by
Kwak Young and Lee Dong W
Seller's Agent
Kim Houchin
Park Place Realty
Buyer's Agent
Damon Raike
Raike & Co., Damon
List Price
$499,000
Sold Price
$440,000
Premium/Discount to List
-$59,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$308,000
Interest Rate
4.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2010
Sold by
Wachovia Mortgage Fsb
Bought by
Carlton Edward D

Purchase Details

Closed on
Dec 15, 2009
Sold by
Gonzales Margarita
Bought by
Wachovia Mortgage Fsb and World Savings Bank Fsb

Purchase Details

Closed on
May 7, 2004
Sold by
Gonzales Jose Luis
Bought by
Gonzales Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$431,250
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2002
Sold by
Schlaak James R and Schlaak Rose M
Bought by
Gonzales Jose Luis and Gonzales Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,600
Interest Rate
5.86%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Deanda Enrique $608,000 Chicago Title Salinas
Kwak Young $440,000 Chicago Title Company
Carlton Edward D $275,000 Chicago Title Company
Wachovia Mortgage Fsb $248,400 Accommodation
Gonzales Margarita -- Fidelity Title
Gonzales Jose Luis $428,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kwak Young In $1,296,000
Previous Owner Kwak Young $306,000
Previous Owner Kwak Young $308,000
Previous Owner Carlton Edward D $80,000
Previous Owner Gonzales Margarita $431,250
Previous Owner Gonzales Jose Luis $299,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2019 06/10/19 Sold $608,000 +5.0% $275 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $579,000 +31.6% $262 / Sq Ft
03/06/2014 03/06/14 Sold $440,000 -11.8% $199 / Sq Ft
02/10/2014 02/10/14 Pending -- -- --
11/12/2013 11/12/13 For Sale $499,000 -- $226 / 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 $7,974 $678,231 $334,654 $343,577
2024 $7,974 $664,934 $328,093 $336,841
2023 $7,347 $651,897 $321,660 $330,237
2022 $7,274 $639,115 $315,353 $323,762
2021 $7,150 $626,584 $309,170 $317,414
2020 $6,831 $620,160 $306,000 $314,160
2019 $5,287 $483,517 $175,823 $307,694
2018 $5,443 $474,037 $172,376 $301,661
2017 $5,501 $464,744 $168,997 $295,747
2016 $5,336 $455,633 $165,684 $289,949
2015 $5,291 $448,790 $163,196 $285,594
2014 $3,247 $280,157 $105,298 $174,859
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81752407

MLSListings

APN: 261-261-015-000