NOT LISTED FOR SALE

942 Del Monte Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $619,953 - $687,000

4 Beds
2 Baths
1,628 Sq Ft
$401/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $455,000 $279 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,017/month

85 Days on Market

About This Home

As of July 2020

NICE UPDATED DUPLEX. BOTH UNITS 2 BEDROOM 1 BATH. ROOF AND ELECTRICAL PANEL BEEN UPDATED WITHIN LAST 2 YEARS, PAINT INSIDE & OUT.

Last Agent to Sell the Property

Fernando Carrillo

Remax Property Experts License #01762241 Listed on: 03/09/2020

Remax Property Experts

Last Buyer's Agent

Sergio Ceja

Remax Property Experts License #01891543

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,454

Year Built

  • 1946

Lot Details

  • 5,467 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

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

Interior Spaces

  • 1,628 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 1,628 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Operating Expense $5,200
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,454

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: CR
  • Subclass: Duplex
  • Age: 74
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1628
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1628
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab, Pillars / Posts / Piers
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 2

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1255
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5468.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5468.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.92
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expenses Total: 5200
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Gas
  • Number Of Buildings: 11
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Jul 21, 2020
Sold by
Chavez Jose N and Chavez Guadalupe
Bought by
Ceja Avalos Armando
Seller's Agent
Fernando Carrillo
Remax Property Experts
Buyer's Agent
Sergio Ceja
Remax Property Experts
List Price
$479,000
Sold Price
$455,000
Premium/Discount to List
-$24,000
-5.01%
Current Estimated Value
$653,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,477
Avg. Annual Appreciation
7.20%
Original Mortgage
$386,750
Outstanding Balance
$343,581
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$309,896

Purchase Details

Closed on
Dec 13, 2004
Sold by
Harper Juanita
Bought by
Chavez Jose N and Chavez Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
5.7%
Mortgage Type
Commercial
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
Ceja Avalos Armando $455,000 Old Republic Title Company
Chavez Jose N $400,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ceja Avalos Armando $386,750
Previous Owner Chavez Jose N $346,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $455,000 -2.2% $279 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/28/2020 05/28/20 Price Changed $465,000 -2.9% $286 / Sq Ft
04/09/2020 04/09/20 For Sale $479,000 0.0% $294 / Sq Ft
03/18/2020 03/18/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $479,000 -- $294 / 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 $6,454 $492,505 $346,377 $146,128
2024 $6,454 $482,849 $339,586 $143,263
2023 $6,337 $473,382 $332,928 $140,454
2022 $5,702 $464,100 $326,400 $137,700
2021 $5,706 $455,000 $320,000 $135,000
2020 $6,382 $509,810 $286,768 $223,042
2019 $6,589 $499,815 $281,146 $218,669
2018 $6,212 $490,016 $275,634 $214,382
2017 $6,450 $480,409 $270,230 $210,179
2016 $6,118 $470,990 $264,932 $206,058
2015 $6,065 $463,916 $260,953 $202,963
2014 $5,844 $454,830 $255,842 $198,988
Source: Public Records

Agents Affiliated with this Home

  • Fernando Carrillo

    Seller's Agent in 2020

    Fernando Carrillo

    RE/MAX

    (831) 229-6705

    10 in this area

    60 Total Sales

    Fernando Carrillo
    Section Image
  • Sergio Ceja

    Buyer's Agent in 2020

    Sergio Ceja

    RE/MAX

    (831) 801-9878

    34 in this area

    146 Total Sales

    Sergio Ceja
    Section Image
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Map

Source: MLSListings

MLS Number: ML81786051

MLSListings

APN: 004-383-020-000

California Monterey County Salinas 93905 East Salinas

942 Del Monte Ave, Salinas, CA

This home is located at 942 Del Monte Ave, Salinas, CA 93905 since 09 March 2020 and is currently estimated at $653,477, approximately $401 per square foot. This property was built in 1946. 942 Del Monte Ave is a home located in Monterey County with nearby schools including Dr. Martin Luther King, Jr. Academy, La Paz Middle School, and Alisal High School.

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