NOT LISTED FOR SALE

879 N Madeira Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $753,000 - $960,000

4 Beds
6 Baths
2,220 Sq Ft
$375/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $730,000 $329 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,247/month

19 Days on Market

Highlights

  • Granite Countertops
  • Ceiling Fan
  • Carpet

About This Home

As of July 2023

Charming Duplex is the perfect investment opportunity. 1 unit has been completely remodeled and features a large open living area with lots of light that flows into the dining area and kitchen. Kitchen has brand new cabinets and countertops with plenty of space. Each unit is 2 bedroom/2 bath with identical floor plans. Other unit is currently tenant occupied. Ample parking including a carport under each unit. Schedule a private showing today.

Last Agent to Sell the Property

Sergio Ceja

Remax Property Experts License #01891543 Listed on: 04/19/2023

Remax Property Experts

Last Buyer's Agent

Melanie Yu

KW Coastal Estates License #02098303

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,527

Year Built

  • 1981

Lot Details

  • 6,839 Sq Ft Lot

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof

Interior Spaces

  • 2,220 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Cooktop
  • Granite Countertops

Flooring

  • Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • 1 Carport Space
  • No Garage
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,527

Year Built

1981

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 42
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2220
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Granite
  • Living Sq Ft: 2220
  • Stories: 2
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Pillars / Posts / Piers
  • Roof: Shingle
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, No Garage, On Street
  • Carport Min: 1

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6840.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6840.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Income Includes: Rents, Storage Area
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Maintenance - Exterior, Services - Sewer, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2022
Closed on
Sep 22, 2022
Sold by
Lou Harrison Frost Trust
Bought by
Rubio Investments Llc
Seller's Agent
Terry Wecker
Custom House Realty and Property
Buyer's Agent
Terry Wecker
Custom House Realty and Property
List Price
$635,000
Sold Price
$570,000
Premium/Discount to List
-$65,000
-10.24%
Current Estimated Value
$832,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,490
Avg. Annual Appreciation
12.42%
Original Mortgage
$1,710,000
Outstanding Balance
$1,645,319
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
-$848,637

Purchase Details

Closed on
Mar 24, 2014
Sold by
Frost Lou Harrison
Bought by
Frost Lou Harrison and Lou Harrison Frost Trust

Purchase Details

Closed on
Jun 8, 2001
Sold by
Frost John W and Frost Helena Marie Anna
Bought by
Frost Lou Harrison

Purchase Details

Closed on
Mar 16, 2000
Sold by
Frost Lou Harrison and Frost John Warner
Bought by
Frost Lou Harrison
Source: Public Records

Range of Values:

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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
Rubio Investments Llc $1,710,000 Old Republic Title
Frost Lou Harrison -- None Available
Frost Lou Harrison $71,500 --
Frost Lou Harrison -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubio Investments Llc $1,710,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $730,000 +0.1% $329 / Sq Ft
05/09/2023 05/09/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $729,000 +27.9% $328 / Sq Ft
10/14/2022 10/14/22 Sold $570,000 -10.2% $257 / Sq Ft
09/18/2022 09/18/22 Pending -- -- --
09/07/2022 09/07/22 For Sale $635,000 -- $286 / 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 $8,527 $744,600 $326,400 $418,200
2024 $8,527 $730,000 $320,000 $410,000
2023 $2,389 $730,000 $320,000 $410,000
2022 $2,300 $199,214 $34,862 $164,352
2021 $2,210 $195,309 $34,179 $161,130
2020 $2,149 $193,307 $33,829 $159,478
2019 $2,133 $189,517 $33,166 $156,351
2018 $2,104 $185,802 $32,516 $153,286
2017 $2,106 $182,160 $31,879 $150,281
2016 $2,107 $178,589 $31,254 $147,335
2015 $2,125 $175,907 $30,785 $145,122
2014 $1,985 $172,462 $30,182 $142,280
Source: Public Records

Agents Affiliated with this Home

  • Sergio Ceja

    Seller's Agent in 2023

    Sergio Ceja

    RE/MAX

    (831) 801-9878

    32 in this area

    155 Total Sales

    Sergio Ceja
    Section Image

  • M

    Buyer's Agent in 2023

    Melanie Yu

    KW Coastal Estates

    Section Image

  • T

    Seller's Agent in 2022

    Terry Wecker

    Custom House Realty and Property

    Section Image
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Map

Source: MLSListings

MLS Number: ML81925262

MLSListings

APN: 004-603-016-000

California Monterey County Salinas 93905 East Salinas

879 N Madeira Ave, Salinas, CA

This home is located at 879 N Madeira Ave, Salinas, CA 93905 since 19 April 2023 and is currently estimated at $832,490, approximately $374 per square foot. This property was built in 1981. 879 N Madeira Ave is a home located in Monterey County with nearby schools including El Gabilan Elementary School, Natividad Elementary School, and Loma Vista Elementary School.

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