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1042 Polk Street

1042 Polk Street, Salinas, CA 93906
Property in Monterey
Sold Jun 11, 2019
$470,000
$312,000 by General Mortgage Capital Corp
Mortgage Due Jul 01, 2049
1042 Polk Street has been categorized by the local assessors in Salinas, CA as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1042 Polk Street has 1,698 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,000 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a custom style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of wood shake/ shingles. The exterior walls of the building are made of wood siding. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Jun 3, 2019 for $470,000. That's $276.80 per sqft. 1042 Polk Street was last assessed in 2023. The total value of the property was assessed at $503,931. Specifically, the land the property is located on was valued at $268,048. While improvements on the property were assessed at a total of $235,883. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $5,595. The initial tax year of delinquency was in 2019. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Custom
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,698
  • Gross Building Area: 1,698
  • Building Area: 1,698
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,698
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAUREL PARK ADD 1
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAUREL PARK ADD 1 LOT 27 BLK 2

Ownership

  • Current Owner : WANG TONY T
  • Current Owner 2: FENG LAN
  • Previous Owner : THE BLAIR FAMILY TRUST
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Salinas City Elementary School District
  • Census Tract: 000400

Geography

  • Parcel: 003-533-005-000
  • Block: 2
  • Lot: 27
  • Latitude: 36.6939
  • Longitude: -121.66

    Address

  • Full Address: 1042 Polk St
  • Address - House Number: 1042
  • Address - Street Name: Polk
  • Address - Suffix Type: St
  • State: CA
  • City Name: Salinas
  • Carrier Code: C011
  • 4-Digit Zip Code: 3519
  • Zip Code: 93906

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,595
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 005-015

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 725,356
  • High Value: 883,123
  • Low Value: 567,588

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Open Lien Mortgage Recording Date: Jun 11, 2019
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $312,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $503,931
  • Assessed Land Value: $268,048
  • Assessed Improvements Value: $235,883

    Sales

  • Current Sale Contract Date: Jun 03, 2019
  • Current Sale Recording Date: Jun 11, 2019
  • Current Sale Transaction ID: 11618509775
  • Current Sale Price: $470,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2019023889

    Last Sale Mortgage

  • First Mortgage Lender: GENERAL MORTGAGE CAPITAL CORP
  • First Mortgage Transaction Date: Jun 11, 2019
  • First Mortgage Loan Amount: $312,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2049

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1042 Polk Street located in?
The 1042 Polk Street is a located in the neighborhood of Monterey in Salinas, Salinas.
What is the average sales price for listings in 1042 Polk Street?
The average sales price for units in 1042 Polk Street is $0 currently.

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