Seller's Agent in 2024
Jim Lowell
The Agency
(831) 902-0777
1 in this area
16 Total Sales
1003 W Franklin St Monterey, CA 93940
Old Town NeighborhoodEstimated Value: $1,567,000 - $1,955,357
4
Beds
2.5
Baths
3,027
Sq Ft
$572/Sq Ft
Est. Value
Highlights
- Bay View
- Solar Power System
- Craftsman Architecture
- Monterey High School Rated A
- 0.29 Acre Lot
- Wood Flooring
About This Home
As of March 2024Sitting high on the hill and watching over Old Town Monterey for more than a century, this classic 1916 Craftsman home on an oversized lot is awaiting its new owner. Walking in the front door to the main level you are greeted by a huge living room that has hosted many get togethers. Also on the main level you will find a formal dining room, spacious kitchen with eating area, family room, a bedroom and a full bath. Upstairs there are three more bedrooms, a full bathroom, walk-in closet and laundry area. Owned by the same family for over 50 years, this residence offers over 3,000 square feet of living space and a 600 square foot unfinished basement. A three car detached garage sits at the back of the large 1/4 acre+ lot and there is plenty of additional parking space on the paver driveway. The house is also equipped with a leased solar system to keep energy costs down. Enjoy fantastic views of the Monterey Bay and city lights from the second floor as well as views from the main level and sunny deck. Some tree trimming will add to the already wonderful views. Located within walking distance to downtown Monterey, this spectacular property offers a unique opportunity for new owners to add their personal touches and enjoy life in this grand property on the hill.
Home Details
Home Type
- Single Family
Year Built
- Built in 1916
Lot Details
- 12,798 Sq Ft Lot
- Zoning described as R-1-6
Parking
- 3 Car Detached Garage
- On-Street Parking
- Off-Street Parking
Property Views
- Bay
- Mountain
- Neighborhood
Home Design
- Craftsman Architecture
- Wood Frame Construction
- Shingle Roof
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,027 Sq Ft Home
- 2-Story Property
- Wet Bar
- High Ceiling
- 2 Fireplaces
- Wood Burning Fireplace
- Separate Family Room
- Formal Dining Room
- Unfinished Basement
Kitchen
- Double Oven
- Gas Cooktop
- Dishwasher
- Tile Countertops
- Disposal
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- Bathtub with Shower
Laundry
- Laundry on upper level
- Dryer
- Washer
Additional Features
- Solar Power System
- Forced Air Heating System
Listing and Financial Details
- Assessor Parcel Number 001-341-004-000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 30, 2024
Closed on
Mar 28, 2024
Sold by
Bought by
Seller's Agent
Jim Lowell
The Agency
Buyer's Agent
Mike Meza
Sotheby’s International Realty
List Price
$1,795,000
Sold Price
$1,750,000
Premium/Discount to List
-$45,000
-2.51%
Views
89
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,911
Avg. Annual Appreciation
-0.50%
Original Mortgage
$1,487,500
Outstanding Balance
$1,463,079
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$268,010
Purchase Details
Closed on
Nov 19, 2021
Sold by
Bought by
Purchase Details
Closed on
Feb 14, 2014
Sold by
Bought by
Purchase Details
Closed on
Feb 16, 2012
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,250
Interest Rate
3.83%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,750,000 | Chicago Title Company | ||
| -- | -- | ||
| -- | None Available | ||
| -- | None Available | ||
| -- | First American Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,487,500 | ||
| Previous Owner | $360,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/29/2024 03/29/24 | Sold | $1,750,000 | -2.5% | $578 / Sq Ft |
| 02/05/2024 02/05/24 | Pending | -- | -- | -- |
| 01/30/2024 01/30/24 | For Sale | $1,795,000 | -- | $593 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,898 | $1,785,000 | $816,000 | $969,000 |
| 2024 | $3,898 | $1,750,000 | $800,000 | $950,000 |
| 2023 | $3,787 | $336,599 | $151,849 | $184,750 |
| 2022 | $1,638 | $330,000 | $148,872 | $181,128 |
| 2021 | $1,614 | $141,163 | $60,840 | $80,323 |
| 2020 | $1,557 | $139,717 | $60,217 | $79,500 |
| 2019 | $1,623 | $136,979 | $59,037 | $77,942 |
| 2018 | $1,563 | $134,294 | $57,880 | $76,414 |
| 2017 | $1,455 | $131,662 | $56,746 | $74,916 |
| 2016 | $1,429 | $129,082 | $55,634 | $73,448 |
| 2015 | $1,409 | $127,144 | $54,799 | $72,345 |
| 2014 | $1,386 | $124,654 | $53,726 | $70,928 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Lowell
-
Mike Meza
Buyer's Agent in 2024
Mike Meza
Sotheby’s International Realty
(831) 578-4601
3 in this area
53 Total Sales
Map
Source: MLSListings
MLS Number: ML81952817
APN: 001-341-004-000
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