NOT LISTED FOR SALE

717 Palma Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $954,000 - $1,212,000

5 Beds
4 Baths
3,089 Sq Ft
$343/Sq Ft Est. Value

Last Sold August 20, 2019

Last sale price $805,000 $261 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $6,339/month

22 Days on Market

Highlights

  • 3 Car Attached Garage
  • Tile Flooring
  • Forced Air Heating System

About This Home

As of August 2019

$58,500 Aggressive Price Reduction! MultiGenerational Home or Income Property. Single Story Front House '715 Palma Drive 2 bedrooms and 1 bathroom, a wood burning fireplace (no gas starter), single car garage with washer/dryer hookups, fenced backyard and located one block from Pizza, Doughnuts, Beauty Shop, Gym, and just a few blocks from Hartnell College. Attached Two Story Back House '717 Palma Drive 3 bedrooms and 2.5 bathrooms, a wood burning (gas starter) fireplace, oversized two car garage, laundry/mud room with washer/dryer hookups & half bathroom, landscaped backyard with reclaimed wood deck, covered patio, two bedrooms with full bath upstairs and Master Suite with Full Bath and a deck. This home has been in the family for 50 years and has served them well with life's many transitions. Newer roof, new heaters, new carpets in some rooms, new stove in 717 Palma Drive (back house). *Photos after the wood door-front unit 2b/1b & photos after the green door-back unit 3b/2.5b.

Last Agent to Sell the Property

Heidi Daniels

CENTURY 21 Masters License #01417914 Listed on: 06/17/2019

CENTURY 21 Masters

Last Buyer's Agent

Cesar Iracheta

Elite Realty License #01180121

Elite Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 8,198

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 3,089 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Range Hood
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Additional Features

  • 8,198 Sq Ft Lot
  • Forced Air Heating System

Community Details

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Parking

3

Listing Details

  • Zoning: Residential
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3089
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: Hood Over Range
  • Living Sq Ft: 3089
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1882
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8200.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 47.64

Multi Family

  • Utilities: Public Utilities
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2019
Closed on
Aug 14, 2019
Sold by
Knopf William E and Knopf Jana L
Bought by
Soria Alexandro Diego
Seller's Agent
Heidi Daniels
CENTURY 21 Masters
Buyer's Agent
Cesar Iracheta
Elite Realty
List Price
$857,500
Sold Price
$805,000
Premium/Discount to List
-$52,500
-6.12%
Current Estimated Value
$1,058,421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,421
Avg. Annual Appreciation
4.34%
Original Mortgage
$636,446
Outstanding Balance
$557,409
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$501,012

Purchase Details

Closed on
May 22, 2008
Sold by
Jones John Paul and Knopf Jana L
Bought by
Knopf William E and Knopf Jana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,250
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2004
Sold by
Jones John Paul and The Paul Jones Trust
Bought by
Jones John Paul and Knopf Jana Louise

Purchase Details

Closed on
Sep 25, 1997
Sold by
Jones Paul W
Bought by
Jones Paul W and The Paul Jones Trust
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
Soria Alexandro Diego $805,000 Chicago Title Company Salina
Knopf William E $290,000 First American Title Company
Jones John Paul -- --
Jones Paul W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soria Alexandro Diego $636,446
Previous Owner Knopf William E $326,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2019 08/20/19 Sold $805,000 +0.8% $261 / Sq Ft
07/10/2019 07/10/19 Pending -- -- --
07/03/2019 07/03/19 Price Changed $799,000 -6.8% $259 / Sq Ft
06/17/2019 06/17/19 For Sale $857,500 -- $278 / Sq Ft
Source: MLSListings

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 $10,061 $880,380 $453,860 $426,520
2024 $10,061 $863,118 $444,961 $418,157
2023 $9,722 $846,195 $436,237 $409,958
2022 $9,362 $829,604 $427,684 $401,920
2021 $8,993 $813,339 $419,299 $394,040
2020 $8,744 $805,000 $415,000 $390,000
2019 $5,271 $476,883 $300,261 $176,622
2018 $5,203 $467,533 $294,374 $173,159
2017 $5,919 $458,366 $288,602 $169,764
2016 $5,897 $449,380 $282,944 $166,436
2015 $5,684 $425,000 $150,000 $275,000
2014 $4,848 $395,000 $150,000 $245,000
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2019

    Heidi Daniels

    CENTURY 21 Masters

    Section Image

  • C

    Buyer's Agent in 2019

    Cesar Iracheta

    Elite Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81756840

MLSListings

APN: 016-085-003-000

California Monterey County Salinas 93901 South Salinas

717 Palma Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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