$775,500 EMV

5 Beds   3 Baths   Multi-Family
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Pico Blanco St
Salinas, CA 93901

Overview

This possible Bankruptcy asset is located at Pico Blanco St, Salinas, CA 93901. It has 5 Beds 3 Baths. This property has an estimated market value of $775,500.
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Status: Active
Listing ID: 60813874
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Learn about Pico Blanco St in Salinas, CA

This property features 5 bedrooms and 3 bathrooms, perfect for investment and/or your personal residence. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Salinas, specifically for Pico Blanco St and comparable listings. Based on this expert analysis, the estimated market value is $775,500. If purchased for rental purposes, the monthly rental rate could range between $1,980 and $2,420, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Pico Blanco St are updated daily along with others in Salinas, California, ensuring you have the most current and accurate information.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Find out more about this property on Pico Blanco St
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What is the city of Salinas, CA like?

Salinas, California, known as the 'Salad Bowl of the World,' boasts a vibrant agricultural economy that influences its local culture and community. With a rich history in farming, residents enjoy fresh produce and a strong connection to their agricultural roots.

The city offers a variety of amenities including shopping centers, restaurants, and parks that enhance everyday living. Residents find themselves enjoying outdoor festivals, local farmers' markets, and recreational activities along the Salinas River.

Education is a priority in Salinas, with access to several reputable public and private schools, as well as community colleges and universities that provide an array of educational opportunities. This focus on education supports a diverse community filled with families and professionals.

Nearby Schools

There are 5 schools in the area. Nearby schools include Salinas High School and North Salinas High School.

Salinas High School
North Salinas High School
Washington Middle School
Lincoln Elementary School
Salinas Adult School

Nearby Attractions

There are plenty of activities near this property like Salinas Public Library, Natividad Medical Center, and more.

Salinas Public Library
Natividad Medical Center
Salinas Sports Complex
Community Safety Center
Boys & Girls Club of Salinas

What kind of public transportation is there?


Public transportation options include: Monterey-Salinas Transit provides bus services throughout the region., Salinas Airport Shuttle offers transportation services to the airport., Amtrak station in nearby Salinas connects to wider rail services.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Hartnell College Park, Salinas River Riverside Park and more.

Hartnell College Park
Salinas River Riverside Park
Natividad Creek Park
Cesar Chavez Park
Mount Toro Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Xfinity
AT&T
Sparklight
Consolidated Communications
Rental Chart
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for Pico Blanco St in Salinas California
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Property Information

Public Records

Bankruptcy

The property located at Pico Blanco St in Salinas, CA is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 23-50973. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 08-31-2023. This listing at Pico Blanco St in Salinas, California is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. We highly recommend that you first contact Devin Derham-burk (court-appointed receiver / trustee) listed below (scroll down) under "Legal/Bankruptcy Information" sections to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee, like Devin Derham-burk, will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. Devin Derham-burk is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy a house that's part of a bankruptcy filing for sale in Salinas, CA can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach Devin Derham-burk to pursue your deal.

Contact Devin Derham-burk to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Legal Information

Bankruptcy Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Pico Blanco St located in Salinas, CA is $2,200/month. Comparable homes around Pico Blanco St that are rentals have monthly ranges starting as low as $1,980 per month and as high as $2,420 per month. An owner looking to use this property as an investment could bring a return in the area of $1,980 - $2,420 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
08/31/23   Bankruptcy

Similar Homes Nearby Salinas, CA


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Pico Blanco St
Salinas, CA 93901

5 Beds   3 Baths   Multi-Family

$775,500 EMV

Status: Active Listing ID: 60813874

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Pico-Blanco-St-Salinas-CA-93901/60813874_lid

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