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487 Reservation Road

487 Reservation Road, Marina, CA 93933
Property in Monterey
487 Reservation Road has been categorized by the local assessors in Marina, CA as a industrial type of property. The building on the property was first built in 1980 and is 44 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 487 Reservation Road has 62,270 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 95,832 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 $49,909 in taxes each year. 487 Reservation Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,514,500. If we break it down further, the land itself was valued at $809,001. Improvements to the property, however, were assessed at a total of $3,705,499. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 6
  • Total Rooms: 1
  • Bedroom Count: 0
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 95,832
  • Total Building Area: 62,270
  • Gross Building Area: 62,270
  • Building Area: 62,270
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 62,270
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Land Acres: 2.2
  • Standard Land Use Code: Lumberyard, building materials
  • Legal Description 1: VOL 26 SUR MAPS PG 23 PAR 1; 2.20 AC.

Ownership

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

Neighborhood

  • School District Name: Monterey Peninsula Unified School District
  • Census Tract: 014302

Geography

  • Parcel: 032-121-044-000
  • Latitude: 36.6783
  • Longitude: -121.779

    Address

  • Full Address: 487 Reservation Rd
  • Address - House Number: 487
  • Address - Street Name: Reservation
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Marina
  • Carrier Code: C005
  • 4-Digit Zip Code: 3430
  • Zip Code: 93933

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $49,909
  • Tax Rate Code Area: 012-007

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $6,000,000
  • First Open Lien Mortgage Lender: PRUDENTIAL MORTGAGE CAPITAL CO
  • First Open Lien Mortgage Recording Date: Apr 09, 2015
  • First Open Lien Mortgage Loan Amount: $6,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,514,500
  • Assessed Land Value: $809,001
  • Assessed Improvements Value: $3,705,499

About Marina



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Frequently Asked Questions

What neighborhood is 487 Reservation Road located in?
The 487 Reservation Road is a located in the neighborhood of Monterey in Marina, Marina.
What is the average sales price for listings in 487 Reservation Road?
The average sales price for units in 487 Reservation Road is $0 currently.

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