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703 Adobe Drive

703 Adobe Drive, Salinas, CA 93907
Property in Monterey
Sold Jan 10, 2018
$460,000
$360,000 by Envoy Mortgage Ltd
Mortgage Due Apr 01, 2051
Sold Mar 31, 2016
$425,000
$339,920 by Academy Mortgage Corp
Mortgage Due Apr 01, 2046
703 Adobe Drive in Salinas, CA was first built in 1984 and is 40 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 703 Adobe Drive has 1,425 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,560 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. For those who need parking, there is a garage. The garage is 480 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter 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. According to our sources, 703 Adobe Drive sold most recently in Dec 19, 2017 for a total of $460,000. If you work out the math, that's approximately a cost of $322.81 per sqft. Before that, the property was also sold for $425,000 in Mar 28, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,507 in taxes each year. 703 Adobe Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $503,076. If we break it down further, the land itself was valued at $251,538. Improvements to the property, however, were assessed at a total of $251,538. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,560
  • Total Building Area: 1,425
  • Gross Building Area: 1,425
  • Building Area: 1,425
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,425
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAUREL WEST UNIT NO 6
  • Land Acres: 0.174
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAUREL WEST UNIT NO 6 TRACT NO 970 LOT 6 BLK 11

Ownership

  • Current Owner : PEREZ JOSE ALBERTO
  • Previous Owner : EVANS AARON
  • Previous Owner 2: EVANS MERDITH
  • Owner Before Previous Owner: MINGLANA VENUS CALONIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salinas City Elementary School District
  • Census Tract: 001801

Geography

  • Subdivision Tract Number: 970
  • Parcel: 261-776-006-000
  • Block: 11
  • Lot: 6
  • Latitude: 36.6892
  • Longitude: -121.665

    Address

  • Full Address: 703 Adobe Dr
  • Address - House Number: 703
  • Address - Street Name: Adobe
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Salinas
  • Carrier Code: C026
  • 4-Digit Zip Code: 1948
  • Zip Code: 93907

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,507
  • Tax Rate Code Area: 005-015

    Appraisal Valuation

  • Standard Deviation: 0.2181
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 664,929
  • High Value: 810,005
  • Low Value: 519,852

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: ENVOY MORTGAGE LTD
  • First Open Lien Mortgage Recording Date: Mar 31, 2021
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $503,076
  • Assessed Land Value: $251,538
  • Assessed Improvements Value: $251,538

    Sales

  • Current Sale Contract Date: Dec 19, 2017
  • Current Sale Recording Date: Jan 10, 2018
  • Current Sale Transaction ID: 11362857112
  • Current Sale Price: $460,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2018000991
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Contract Date: Mar 28, 2016
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Jan 10, 2018
  • First Mortgage Loan Amount: $368,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

    Previous Mortgages

  • Previous Mortgage Lender: ACADEMY MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 31, 2016
  • Previous Mortgage Loan Amount: $339,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2046

About Salinas



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Frequently Asked Questions

What neighborhood is 703 Adobe Drive located in?
The 703 Adobe Drive is a located in the neighborhood of Monterey in Salinas, Salinas.
What is the average sales price for listings in 703 Adobe Drive?
The average sales price for units in 703 Adobe Drive is $0 currently.

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