NOT LISTED FOR SALE

883 N Madeira Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $675,000 - $809,768

4 Beds
3 Baths
1,660 Sq Ft
$449/Sq Ft Est. Value

Sale Details

Date Sold: May 17, 2023

Last sale price $720,000 $434 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,771 / mo

About This Home

As of May 2023

This Duplex is a great investment opportunity. Whether you're looking to generate income from renting both units or live in one and rent the other, this duplex investment property offers endless possibilities, with off-street parking. Schedule a showing today.

Last Agent to Sell the Property

Sergio Ceja

Remax Property Experts License #01891543 Listed on: 03/08/2023

Remax Property Experts

Last Buyer's Agent

Sergio Ceja

Remax Property Experts License #01891543 Listed on: 03/08/2023

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1981

Lot Details

  • 9,496 Sq Ft Lot

Home Design

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

Interior Spaces

  • 1,660 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 2 Parking Spaces
  • 1 Carport Space

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Community Details

Overview

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Year Built

1981

Lot Details

9,496 Sq Ft Lot

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1660
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Living Sq Ft: 1660
  • Stories: 2

Exterior Features

  • Foundation: Pillars / Posts / Piers, Raised
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 1

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.2180
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9495.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9495.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Number Of Leased: 1

Multi Family

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

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

Listed on
Mar 8, 2023
Closed on
May 15, 2023
Sold by
Bought by
Seller's Agent
Sergio Ceja
Remax Property Experts
Buyer's Agent
Sergio Ceja
Remax Property Experts
List Price
$720,000
Sold Price
$720,000
Views
13
Current Estimated Value
$744,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,692
Avg. Annual Appreciation
1.09%
Original Mortgage
$706,959
Outstanding Balance
$686,904
Interest Rate
6.28%
Mortgage Type
FHA
Estimated Equity
$57,788

Purchase Details

Listed on
Sep 7, 2022
Closed on
Sep 22, 2022
Sold by
Bought by
Seller's Agent
Terry Wecker
Custom House Realty and Property
Buyer's Agent
Terry Wecker
Custom House Realty and Property
List Price
$665,000
Sold Price
$570,000
Premium/Discount to List
-$95,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.58%
Original Mortgage
$1,710,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 2000
Sold by
Bought by
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

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
$720,000 Old Republic Title Company
$1,710,000 Old Republic Title
-- None Available
-- --
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
Open $706,959
Previous Owner $1,710,000
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 Prior Sale
05/17/2023 05/17/23 Sold $720,000 0.0% $434 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $720,000 +26.3% $434 / Sq Ft
10/14/2022 10/14/22 Sold $570,000 -14.3% $343 / Sq Ft View Prior Sale
09/18/2022 09/18/22 Pending -- -- --
09/07/2022 09/07/22 For Sale $665,000 -- $401 / 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
2025 $9,261 $749,088 $332,928 $416,160
2024 $9,261 $734,400 $326,400 $408,000
2023 $2,344 $720,000 $320,000 $400,000
2022 $2,253 $194,413 $34,862 $159,551
2021 $2,165 $190,602 $34,179 $156,423
2020 $2,106 $188,649 $33,829 $154,820
2019 $2,087 $184,951 $33,166 $151,785
2018 $2,057 $181,325 $32,516 $148,809
2017 $2,058 $177,771 $31,879 $145,892
2016 $2,060 $174,286 $31,254 $143,032
2015 $2,077 $171,669 $30,785 $140,884
2014 $1,940 $168,307 $30,182 $138,125
Source: Public Records

Agents Affiliated with this Home

  • Sergio Ceja

    Seller's Agent in 2023

    Sergio Ceja

    RE/MAX

    (831) 801-9878

    30 in this area

    139 Total Sales

    Sergio Ceja
    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: ML81920939

MLSListings

APN: 004-603-017-000

California Monterey County Salinas 93905 East Salinas

883 N Madeira Ave, Salinas, CA

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