NOT LISTED FOR SALE

704 Sherman Cir Unit 2 Salinas, CA 93907

Boronda Neighborhood

Estimated Value: $578,000 - $602,540

2 Beds
1 Bath
985 Sq Ft
$597/Sq Ft Est. Value

Last Sold May 04, 2018

Last sale price $340,000 $345 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,440/month

35 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Wood Burning Fireplace
  • Bathtub with Shower
  • Dining Room
  • 1-Story Property

About This Home

As of May 2018

Perfect for an investor or first time home buyer who is not afraid to roll up their sleeves and put in some work. This detached home features 2 bedrooms, 1 bathroom and is full of potential. It is located in a well establish and quiet neighborhood. Tenants have occupied the property for about 14 years.

Last Agent to Sell the Property

Jose Raul Ramirez

Remax Property Experts License #01710762 Listed on: 02/13/2018

Remax Property Experts

Last Buyer's Agent

Lisa Sandoval

Ildelisa Sandoval, Broker License #01329312

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1978

Lot Details

  • 5,001 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 985 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 261-721-057-000

Home Details

Home Type

Single Family

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 985
  • Year Built: 1978
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room, Wood Burning
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 985
  • Stories: 1
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower over Tub - 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Parcel Number: 261-721-057-000
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Salinas Union High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
May 3, 2018
Sold by
Fatima Vaca Efrain and Fatima Carlos Vaca
Bought by
Paredes Antonia and Pardes Jose Melchor
Seller's Agent
Jose Raul Ramirez
Remax Property Experts
Buyer's Agent
Lisa Sandoval
Ildelisa Sandoval, Broker
List Price
$355,000
Sold Price
$340,000
Premium/Discount to List
-$15,000
-4.23%
Current Estimated Value
$588,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,135
Avg. Annual Appreciation
7.38%
Original Mortgage
$289,000
Outstanding Balance
$249,125
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$339,010

Purchase Details

Closed on
Aug 19, 2005
Sold by
Carlos Vaca Fatima
Bought by
Fatima Vaca Efrain and Fatima Carlos Vaca

Purchase Details

Closed on
Jun 8, 2005
Sold by
Vaca Efrain
Bought by
Carlos Vaca Fatima

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 1996
Sold by
Carlos Monica
Bought by
Fatima Vaca Efrain and Fatima Carlos Vaca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
8.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 20, 1996
Sold by
Fagan Janet H and Kohara Reiko
Bought by
Fatima Vaca Efrain and Fatima Carlos Vaca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,400
Interest Rate
8.09%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 31, 1995
Sold by
Kohara Kazuo
Bought by
Kohara Reiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
10.25%

Purchase Details

Closed on
Dec 29, 1994
Sold by
Kohara Jack I and Fagan Janet H
Bought by
Fagan Janet H and Kohara Reiko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
10.25%
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
Paredes Antonia $340,000 Old Republic Title Co
Fatima Vaca Efrain -- First American Title Co
Carlos Vaca Fatima -- First American Title
Fatima Vaca Efrain -- --
Fatima Vaca Efrain $123,000 Stewart Title
Kohara Reiko -- First American Title Co
Fagan Janet H -- First American Title Co
Fagan Janet H -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paredes Antonia $289,000
Previous Owner Carlos Vaca Fatima $308,000
Previous Owner Fatima Vaca Efrain $98,400
Previous Owner Fagan Janet H $96,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $340,000 0.0% $345 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
03/13/2018 03/13/18 Price Changed $340,000 -4.2% $345 / Sq Ft
02/13/2018 02/13/18 For Sale $355,000 -- $360 / 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 $4,371 $386,857 $227,563 $159,294
2024 $4,371 $379,272 $223,101 $156,171
2023 $4,222 $371,836 $218,727 $153,109
2022 $4,062 $364,546 $214,439 $150,107
2021 $3,901 $357,399 $210,235 $147,164
2020 $3,792 $353,736 $208,080 $145,656
2019 $3,764 $346,800 $204,000 $142,800
2018 $2,022 $179,564 $87,592 $91,972
2017 $2,024 $176,044 $85,875 $90,169
2016 $2,025 $172,593 $84,192 $88,401
2015 $2,042 $170,002 $82,928 $87,074
2014 $1,907 $166,673 $81,304 $85,369
Source: Public Records

Agents Affiliated with this Home

  • Jose Raul Ramirez

    Seller's Agent in 2018

    Jose Raul Ramirez

    RE/MAX

    (831) 320-1023

    15 Total Sales

    Jose Raul Ramirez
    Section Image

  • L

    Buyer's Agent in 2018

    Lisa Sandoval

    Ildelisa Sandoval, Broker

    (831) 809-0951

    4 Total Sales

    Lisa Sandoval
    Section Image
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Map

Source: MLSListings

MLS Number: ML81692424

MLSListings

APN: 261-721-057-000

California Monterey County Salinas 93907 Boronda

704 Sherman Cir Unit 2, Salinas, CA

Not Listed for Sale

Detached

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