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487 East Market Street

487 East Market Street, Salinas, CA 93905
Commercial in Monterey
1 Units For Sale
Unit for sale at 487 E Market ST, SALINAS, CA 93905

$1,950,000

  • Commercial
  • 5,040 ft²
487 E Market ST, SALINAS, CA 93905 Listing by Ofelia Serrano

487 East Market Street has been categorized by the local assessors in Salinas, CA as a unknown type of property. The building on the property was first built in 1942 and is 82 years old. Residents will have access to 2 full bathrooms. There are 3 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, 487 East Market Street has 5,040 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 26,136 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a unknown.

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 unknown control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of unknown by the local assessor. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,329 in taxes each year. 487 East Market Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $96,899. If we break it down further, the land itself was valued at $24,661. Improvements to the property, however, were assessed at a total of $72,238. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200726
07/26/2020
Loft
-
5040 ft²
$2,799,900
bedrooms
Loft
bathrooms
-
square feet
5040 ft²
-
-
-
Ofelia Serrano
Remax Property Experts

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 26,136
  • Total Building Area: 5,040
  • Gross Building Area: 5,040
  • Building Area: 5,040
  • Building Area Measurement: unknown

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 5,040
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: RANCHO EL SAUSAL
  • Land Acres: 0.6
  • Legal Description 1: VOL 17 SUR MAPS PG 2 LOT B .608 AC

Ownership

  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salinas City Elementary School District
  • Census Tract: 000502

Geography

  • Assessors Map Reference: 235-C1
  • Parcel: 004-011-032-000
  • Block: 608
  • Lot: B
  • Latitude: 36.6777
  • Longitude: -121.639

    Address

  • Full Address: 487 E Market St
  • Address - House Number: 487
  • Street Direction: E
  • Address - Street Name: Market
  • Address - Suffix Type: St
  • State: CA
  • City Name: Salinas
  • Carrier Code: C033
  • 4-Digit Zip Code: 2527
  • Zip Code: 93905

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,329
  • Tax Rate Code Area: 005-037

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $96,899
  • Assessed Land Value: $24,661
  • Assessed Improvements Value: $72,238

About Salinas



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Frequently Asked Questions

What neighborhood is 487 East Market Street located in?
The 487 East Market Street is a commercial located in the neighborhood of Monterey in Salinas, Salinas.
How many listings are currently for sale in 487 East Market Street?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 487 East Market Street?
The average sales price for units in 487 East Market Street is $1,950,000 , or $387/sqft. currently.

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