NOT LISTED FOR SALE

Estimated Value: $773,099 - $1,034,000

5 Beds
3 Baths
2,758 Sq Ft
$320/Sq Ft Est. Value

Last Sold April 17, 2019

Last sale price $625,000 $227 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $5,349/month

2 Days on Market

Highlights

  • Contemporary Architecture
  • Forced Air Heating System
  • Carpet
  • 2 Car Attached Garage

About This Home

As of April 2019

Excellent opportunity to own a large home with separate apartment for extended family or to supplement your mortgage payment or income. Front house has 3 + very large den, or bonus, or rec room, or 4th bedroom. This 2 story home is over 2000 sq ft (per county). The 2nd unit is built over the garage, with 2 bedrooms and a bathroom. All in South Salinas near tons of shopping and schools. Both units are currently rented.

Last Agent to Sell the Property

Sheryl Warner

Century 21 A Property Shoppe License #01097673 Listed on: 04/03/2019

Century 21 A Property Shoppe

Last Buyer's Agent

Alfred Ramirez

Ramirez Properties License #01095452

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 5,201 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces
  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,758 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $38,940

Community Details

Overview

  • 2,758 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Operating Expense $9,456
  • Gross Income $38,940

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Parking

2

Listing Details

  • Zoning: MultiR
  • Subclass: Multiple Dwellings / Structures
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2758
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Living Sq Ft: 2758
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Carport, On Street
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Acres: 0.1194
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.38
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 1000
  • Expenses Total: 9456
  • Income Annual Gross: 38940.00
  • Income Annual Rental: 38940
  • Income Gross Scheduled: 38940
  • Income Includes: Rents
  • Meters: Separate Other
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2019
Closed on
Apr 15, 2019
Sold by
Addison Douglas T and Addison Betty L
Bought by
Martin Ouita
Seller's Agent
Sheryl Warner
Century 21 A Property Shoppe
Buyer's Agent
Alfred Ramirez
Ramirez Properties
List Price
$599,000
Sold Price
$625,000
Premium/Discount to List
$26,000
4.34%
Current Estimated Value
$882,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,525
Avg. Annual Appreciation
5.22%

Purchase Details

Closed on
Sep 22, 2003
Sold by
Haney Kirk L
Bought by
Addison Douglas T and Addison Betty L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2002
Sold by
Haney Kirk
Bought by
Haney Kirk L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 2002
Sold by
Williamson Jack Alden and Williamson Martha Jane
Bought by
Haney Kirk L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 7, 1996
Sold by
Mar Kenneth and Mar Quong Lee
Bought by
Mar Kenneth and Mar Choi Yeit
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Martin Ouita $625,000 Old Republic Title Company
Addison Douglas T $569,000 Stewart Title
Haney Kirk L -- --
Haney Kirk -- Stewart Title
Haney Kirk L $485,000 Stewart Title
Mar Kenneth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Addison Douglas T $413,100
Previous Owner Haney Kirk L $363,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2019 04/17/19 Sold $625,000 +4.3% $227 / Sq Ft
04/06/2019 04/06/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $599,000 -- $217 / 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 $7,984 $697,194 $223,101 $474,093
2024 $7,984 $683,525 $218,727 $464,798
2023 $7,715 $670,124 $214,439 $455,685
2022 $7,429 $656,985 $210,235 $446,750
2021 $7,136 $644,104 $206,113 $437,991
2020 $6,939 $637,500 $204,000 $433,500
2019 $7,999 $725,225 $254,913 $470,312
2018 $7,173 $645,000 $245,000 $400,000
2017 $6,534 $575,000 $200,000 $375,000
2016 $6,669 $575,000 $200,000 $375,000
2015 $4,534 $380,000 $150,000 $230,000
2014 $4,091 $360,000 $100,000 $260,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81745401

MLSListings

APN: 002-433-008-000