NOT LISTED FOR SALE

1059 Hoffman Ave Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $785,247 - $1,224,000

4 Beds
1 Bath
1,100 Sq Ft
$960/Sq Ft Est. Value

Last Sold March 01, 2012

Last sale price $400,000 $364 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $5,817/month

15 Days on Market

Highlights

  • Bay View
  • Tennis Courts
  • 2-minute walk to Oak Newton Park
  • Monterey High School Rated A

About This Home

As of March 2012

Rare OCEAN VIEW DOUBLE PARCELS investment on New Monterey hillside -Two homes on two legal ocean view, corner lots -Both are 2 bedroom 1 bath homes -Washer hookups for extra water credits -Building sizes: 550 ft2 each -Lot sizes: 2,500 ft2 each (5,000 ft2 total) -Buy both. Keep as income property or renovate & resell -$425,000 for both -Great for personal resident or investment. Seller Retired.

Last Agent to Sell the Property

Ben Nurse

The Jacana Group License #01760604 Listed on: 02/06/2012

Last Buyer's Agent

Maureen Mason

Coldwell Banker Realty License #00977430

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,860

Year Built

  • 1906

Lot Details

  • 2,483

Parking

  • Private Parking

Property Views

  • Bay
  • Neighborhood

Home Design

  • Duplex
  • Slab Foundation
  • Ceiling Insulation
  • Floor Insulation
  • Shingle Roof

Interior Spaces

  • Low Flow Toliet
  • 1,100 Sq Ft Home
  • Laminate Flooring
  • Oven or Range

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $19,200

Community Details

Overview

  • 2 Units
  • 1,100 Sq Ft Building

Recreation

  • Tennis Courts

Building Details

  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,860

Year Built

1906

Lot Details

0

Listing Details

  • Zoning: Multi
  • Subclass: Duplex
  • Age: 106
  • Inspections Reports: Geological/Flood, Pest Control, Property Inspection
  • Sale Price Per Sq Ft: 363.64
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1100
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1906

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1100
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Carpet - Area, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • View: Bay, Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Tennis Court / Facility

Schools

  • School District: Monterey Peninsula Unified
  • Elementary School: Monte Vista Elementary
  • High School: Monterey High
  • High School: 545
  • Elementary School: 544

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Low Flow Toilet, Ceiling Insulation, Walls Insulated, Insulation - Floor

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.14
  • Min Rent2 Bed1 Bath: 800

Multi Family

  • Income Annual Gross: 19200.00
  • Income Annual Rental: 19200
  • Income Gross Scheduled: 19200
  • Income Includes: Lease
  • Maximum Rent2 Bed1 Bath: 800
  • Maximum Size2 Bed1 Bath: 550
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair, Fee - Property Tax
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal
  • Min Size2 Bed1 Bath: 550

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
Feb 22, 2012
Sold by
Roberson Clyde W and Roberson Dorothy
Bought by
Britz Martin and Britz Deborah A
Seller's Agent
Ben Nurse
The Jacana Group
Buyer's Agent
Maureen Mason
Coldwell Banker Realty
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$1,056,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,312
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
Jan 13, 2011
Sold by
Roberson Clyde W and Roberson Dorothy W
Bought by
Roberson Clyde W and Roberson Dorothy

Purchase Details

Closed on
May 7, 2007
Sold by
Roberson Clyde W and Roberson Dorothy W
Bought by
Roberson Clyde W and Roberson Dorothy W
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Britz Martin $400,000 Chicago Title Company
Roberson Clyde W -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2012 03/01/12 Sold $400,000 -5.9% $364 / Sq Ft
02/21/2012 02/21/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $425,000 -- $386 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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 $2,860 $251,198 $125,599 $125,599
2024 $2,860 $246,274 $123,137 $123,137
2023 $2,663 $241,446 $120,723 $120,723
2022 $2,626 $236,712 $118,356 $118,356
2021 $2,587 $232,072 $116,036 $116,036
2020 $2,490 $229,694 $114,847 $114,847
2019 $2,610 $225,192 $112,596 $112,596
2018 $2,507 $220,778 $110,389 $110,389
2017 $2,323 $216,450 $108,225 $108,225
2016 $2,281 $212,206 $106,103 $106,103
2015 $2,249 $209,020 $104,510 $104,510
2014 $2,210 $204,926 $102,463 $102,463
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2012

    Ben Nurse

    The Jacana Group

    (831) 224-0625

    5 Total Sales

    Ben Nurse
    Section Image

  • M

    Buyer's Agent in 2012

    Maureen Mason

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81204613

MLSListings

APN: 001-141-015-000

California Monterey County Monterey 93940 New Monterey

1059 Hoffman Ave, Monterey, CA

This home is located at 1059 Hoffman Ave, Monterey, CA 93940 since 06 February 2012 and is currently estimated at $1,056,312, approximately $960 per square foot. This property was built in 1906. 1059 Hoffman Ave is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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