NOT LISTED FOR SALE

1070 Lighthouse Ave Pacific Grove, CA 93950

Estimated Value: $1,735,000 - $2,016,760

4 Beds
3 Baths
1,712 Sq Ft
$1,089/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $1,435,000 $838 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $11,157/month

37 Days on Market

Highlights

  • Ocean View
  • 0.26 Acre Lot
  • Bonus Room
  • Robert Down Elementary School Rated A
  • Deck
  • Formal Dining Room

About This Home

As of January 2021

This tastefully updated, Mid Century Modern Pacific Grove home offers two legal units on an oversized, ocean view lot. The main house features a bright and spacious open floor plan with floor to ceiling windows and hardwood floors throughout. The main house also features: two generously sized bedrooms, 2 full bathrooms, large living room with cozy fireplace, formal dining room and chefs kitchen. The detached, spacious guest unit offers one bedroom and one full bathroom; great for family, renters, or guests. A separate bonus room provides a nice additional space that can be utilized as an office, game room, or storage. Enjoy a multitude of private, outdoor spaces including an oversized deck, secluded courtyard, and beautiful ocean views! The property offers R4 zoning has further development potential and upside!

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 11/03/2020

KW Coastal Estates

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Home Details

Home Type

  • Single Family

Year Built

  • 1949

Lot Details

  • 0.26 Acre Lot
  • Fenced
  • Back Yard

Parking

  • 1 Car Detached Garage

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,712 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Laundry Room

Kitchen

  • Gas Cooktop
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System

Home Details

Home Type

Single Family

Year Built

1949

Lot Details

0.26 Acres

Parking

1

Listing Details

  • Zoning: R-3
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1712
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1949

Interior Features

  • Fireplace: Living Room, Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Tile, Garbage Disposal, Oven Range - Built-In, Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1712
  • Stories: 1
  • Laundry: Inside
  • Additional Rooms: Bonus / Hobby Room, Laundry Room
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar And Gravel
  • View: Neighborhood, Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2590
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11282.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11282.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2020
Closed on
Jan 16, 2021
Sold by
Desai Jayesh and Rezai Mohammad
Bought by
Mandhani Arvind and Decker Karen E
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,495,000
Sold Price
$1,435,000
Premium/Discount to List
-$60,000
-4.01%
Current Estimated Value
$1,863,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,940
Avg. Annual Appreciation
5.20%
Original Mortgage
$950,000
Outstanding Balance
$847,878
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$1,016,062

Purchase Details

Closed on
Feb 26, 2020
Sold by
Assar Fatemeh
Bought by
Rezai Mohammad

Purchase Details

Closed on
Dec 7, 2016
Sold by
Desai Masum
Bought by
Desai Jayesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2016
Sold by
Desai Jayesh
Bought by
Desai Jayesh and Rezai Mohammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 11, 2016
Closed on
Sep 22, 2016
Sold by
Kenyon Claudia and Arnold Lex K
Bought by
Desai Jayesh and Rezai Mohammad
Seller's Agent
Kay Casey
Referral Realty-BV
Buyer's Agent
Tami Monasmith
Vanco Real Estate Executives
List Price
$899,999
Sold Price
$825,000
Premium/Discount to List
-$74,999
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%

Purchase Details

Closed on
Dec 22, 2015
Sold by
Kenyon Claudia
Bought by
The Claudia Kenyon Charitable Foundation

Purchase Details

Closed on
Apr 4, 2005
Sold by
Kenyon Claudia
Bought by
Kenyon Claudia and The Claudia Kenyon Revocable Trust

Purchase Details

Closed on
May 21, 2001
Sold by
Gibilterra Charles A and Gibilterra Alice M
Bought by
Kenyon Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.15%

Purchase Details

Closed on
Dec 14, 2000
Sold by
Weir J Michael
Bought by
Gibilterra Charles A and Gibilterra Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.38%

Purchase Details

Closed on
Apr 28, 1995
Sold by
Stern Stella D
Bought by
Weir J Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mandhani Arvind $1,435,000 Chicago Title Company
Rezai Mohammad -- Chicago Title Company
Desai Jayesh -- Chicago Title Company
Desai Jayesh -- Old Republic Title Company
Desai Jayesh -- Accommodation
Desai Jayesh -- Old Republic Title Company
Rezai Mohammad -- Old Republic Title Company
Desai Jayesh $825,000 North American Title Co Inc
The Claudia Kenyon Charitable Foundation -- None Available
Kenyon Claudia -- --
Kenyon Claudia $750,000 Chicago Title Co
Gibilterra Charles A $650,000 Chicago Title Co
Weir J Michael $329,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mandhani Arvind $950,000
Previous Owner Desai Jayesh $417,000
Previous Owner Kenyon Claudia $350,000
Previous Owner Gibilterra Charles A $400,000
Previous Owner Weir J Michael $112,500
Closed Weir J Michael $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/22/2021 01/22/21 Sold $1,435,000 -4.0% $838 / Sq Ft
12/10/2020 12/10/20 Pending -- -- --
11/03/2020 11/03/20 For Sale $1,495,000 +81.2% $873 / Sq Ft
09/28/2016 09/28/16 Sold $825,000 -8.3% $482 / Sq Ft View Prior Sale
09/08/2016 09/08/16 Pending -- -- --
08/18/2016 08/18/16 For Sale $899,999 0.0% $526 / Sq Ft
07/26/2016 07/26/16 Pending -- -- --
06/22/2016 06/22/16 Price Changed $899,999 -10.0% $526 / Sq Ft
04/22/2016 04/22/16 Price Changed $999,900 -9.1% $584 / Sq Ft
01/11/2016 01/11/16 For Sale $1,100,000 -- $643 / Sq Ft
Source: MLSListings

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 $16,237 $1,553,287 $1,028,309 $524,978
2024 $16,237 $1,522,832 $1,008,147 $514,685
2023 $16,422 $1,492,974 $988,380 $504,594
2022 $16,088 $1,463,700 $969,000 $494,700
2021 $9,903 $1,435,000 $950,000 $485,000
2020 $9,704 $875,495 $636,724 $238,771
2019 $9,396 $858,330 $624,240 $234,090
2018 $9,209 $841,500 $612,000 $229,500
2017 $9,059 $825,000 $600,000 $225,000
2016 $10,650 $950,000 $700,000 $250,000
2015 $10,529 $940,323 $777,338 $162,985
2014 $10,309 $921,905 $762,112 $159,793
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81816121

MLSListings

APN: 006-122-007-000

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