$440,000
SOLD MAR 6, 2014
5 Beds
-- Bath
2,211 Sq Ft
0.34 Acres

Recently Sold

$199 Per Sq Ft

12% Below List Price

90 Days on Market

Highlights

  • Neighborhood Views
  • Forced Air Heating System
  • Vinyl Flooring
  • Guest Parking
  • Washer and Dryer
  • 1-Story Property

About This Home

As of June 2019

BACK ON MARKET!!REDUCED!!Fell through at no fault of prop.Hurry!!Great Invest.Prop.This 3/2-2/2 duplex is located in a quiet neighborhood yet close to shpping.This prop has newer roof,siding,water heater,furnaces& W/D in both units.Sits on lrg lot.Ea unit has a Fireplace & 2 car garage.Lrg driveway lends to extra prking.Both units are rented/buyer will assume mnth to mnth.All appliances convey.

Last Agent to Sell the Property

Kim Houchin

Park Place Realty License #01708076 Listed on: 11/12/2013

Last Buyer's Agent

Damon Raike

Raike & Co., Damon License #00150833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,974

Year Built

  • 1985

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,211 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Neighborhood Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Parking

  • Garage
  • Private Parking
  • Garage Door Opener
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $37,380
  • The owner pays for water

Community Details

Overview

  • 2,211 Sq Ft Building

Building Details

  • Insurance Expense $1,109
  • Operating Expense $4,353
  • Gross Income $37,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,974

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: Res
  • Subclass: Duplex
  • Age: 29
  • Inspections Reports: Fault Zone, Roof, Flood Zone
  • Sale Price Per Sq Ft: 199.00
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2211
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2211
  • Stories: 1
  • Security: Fire Alarm
  • Laundry: 220 Volt Outlet, Washer/Dryer - Some Units, Gas Hookup, Laundry Area - In All Units, In Garage
  • Flooring: Carpet - Area, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Guest / Visitor Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Location: Court
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14810.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 14810.00
  • Lot Size Area Min Search: 14810.00
  • Maximum Lot Size: 14810.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet, Weather Stripped Door(s), Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.04

Multi Family

  • Expense Insurance: 1109
  • Expenses Total: 4353
  • Expense Water Sewer: 60
  • Income Annual Gross: 37380.00
  • Income Annual Rental: 37380
  • Income Gross Scheduled: 37380
  • Income Includes: Laundry
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water, Insurance, Maintenance - Repair, Fee - Property Tax
  • Owner Pays: Water
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric, Services - Trash Removal

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:

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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 Type Sale Price Title Company
Grant Deed $608,000 Chicago Title Salinas
Grant Deed $440,000 Chicago Title Company
Grant Deed $275,000 Chicago Title Company
Trustee Deed $248,400 Accommodation
Interfamily Deed Transfer -- Fidelity Title
Grant Deed $428,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,296,000 New Conventional
Previous Owner $306,000 New Conventional
Previous Owner $308,000 New Conventional
Previous Owner $80,000 New Conventional
Previous Owner $431,250 New Conventional
Previous Owner $299,600 No Value Available
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

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Map

Source: MLSListings

MLS Number: ML81340862

MLSListings

APN: 261-261-015-000