NOT LISTED FOR SALE

Estimated Value: $579,238 - $718,000

3 Beds
2 Baths
922 Sq Ft
$719/Sq Ft Est. Value

Sale Details

Date Sold: December 22, 2023

Last sale price $550,000 $597 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $4,160 / mo

133 Days on Market

About This Home

As of December 2023

Right now this is the only duplex available in East Salinas. This is a great opportunity for an investor or someone who would like to buy a home and have the advantage of a tenant helping to "pay the mortgage". Property sold as-is.

Last Agent to Sell the Property

Steve Malvini

Malvini Real Estate Group License #01198227 Listed on: 06/21/2023

Last Buyer's Agent

Miguel Amaya Amaya

KW Coastal Estates License #02077749

KW Coastal Estates

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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Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 7,401

Parking

  • Uncovered Parking

Home Design

  • Duplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 922 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,401 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $32,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Operating Expense $2,692
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

7,401 Sq Ft Lot

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 922
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 922
  • Stories: 1

Exterior Features

  • Foundation: Raised
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1699
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.87
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 2692
  • Income Annual Gross: 32400.00
  • Income Annual Rental: 32400
  • Income Gross Scheduled: 32400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: All Expenses

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Reyes Flor Martinez
Bought by
Current Estimated Value
$645,945

Purchase Details

Listed on
Jun 21, 2023
Closed on
Dec 19, 2023
Sold by
Salinas Residential Rentals Llc
Bought by
Reyes Flor Martinez
Seller's Agent
Steve Malvini
Malvini Real Estate Group
Buyer's Agent
Miguel Amaya Amaya
KW Coastal Estates
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%
Views
472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$357,500
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2014
Sold by
Yasin Fayk
Bought by
Salinas Residential Rentals Llc

Purchase Details

Closed on
Mar 1, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Yasin Fayk

Purchase Details

Closed on
Jun 12, 2009
Sold by
Ramirez Jose Andres
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Oct 27, 2006
Sold by
Ramirez Jose Andres
Bought by
Ramirez Jose Andres and Ramirez Ausencio A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 14, 2006
Sold by
Ramirez John and Ramirez Sandra
Bought by
Ramirez Jose Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
6.62%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 8, 2002
Sold by
Ruggs Mary E
Bought by
Ramirez John and Ramirez Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
8.75%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Salinas, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
Reyes Flor Martinez $550,000 Chicago Title
Salinas Residential Rentals Llc -- None Available
Yasin Fayk $85,000 Lsi Title Agency
Federal Home Loan Mortgage Corporation $199,104 None Available
Ramirez Jose Andres -- None Available
Ramirez Jose Andres $430,000 Old Republic Title Company
Ramirez John $190,000 Old Republic Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $357,500
Previous Owner Yasin Fayk $800,000
Previous Owner Ramirez Jose Andres $344,000
Previous Owner Ramirez John $270,000
Previous Owner Ramirez John $60,000
Previous Owner Ramirez John $43,000
Previous Owner Ramirez John $142,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/22/2023 12/22/23 Sold $550,000 -5.0% $597 / Sq Ft
11/02/2023 11/02/23 Pending -- -- --
08/08/2023 08/08/23 Price Changed $579,000 -3.3% $628 / Sq Ft
06/21/2023 06/21/23 For Sale $599,000 -- $650 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,156 $572,220 $270,504 $301,716
2025 $7,358 $561,000 $265,200 $295,800
2024 $7,358 $550,000 $260,000 $290,000
2023 $1,878 $550,000 $260,000 $290,000
2022 $1,693 $133,788 $60,812 $72,976
2021 $1,693 $131,166 $59,620 $71,546
2020 $1,674 $129,822 $59,009 $70,813
2019 $1,725 $127,277 $57,852 $69,425
2018 $1,626 $124,782 $56,718 $68,064
2017 $1,686 $122,336 $55,606 $66,730
2016 $1,601 $119,938 $54,516 $65,422
2015 $1,588 $118,138 $53,698 $64,440
2014 $1,532 $115,825 $52,647 $63,178
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81932571

MLSListings

APN: 004-332-023-000

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