NOT LISTED FOR SALE

1072 1st St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $891,250 - $1,254,000

3 Beds
2 Baths
1,388 Sq Ft
$756/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $537,800 $387 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $6,320/month

30 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 1-Story Property
  • La Mesa Elementary School Rated A-
  • Level Lot

About This Home

As of November 2014

Charming Oak Grove Duplex just a block from the Monterey Bay, El Estero Lake and the popular Monterey Recreation Trail. Two bedrooms and 1 bath in the front main house with an attached 1 bedroom 1 bath in back. Detached 2 car garage w/ shared washer/dryer.

Last Agent to Sell the Property

Becky Jones

Shankle Real Estate License #01250885 Listed on: 01/17/2014

Shankle Real Estate

Last Buyer's Agent

Sharon swallow

Sotheby’s International Realty License #01467402

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,234

Year Built

  • 1942

Lot Details

  • 5,009

Parking

  • Covered Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 1,388 Sq Ft Home
  • 1-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $36,600

Community Details

Overview

  • 1,388 Sq Ft Building

Building Details

  • Operating Expense $6,153
  • Gross Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,234

Year Built

1942

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 72
  • Sale Price Per Sq Ft: 387.46
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1388
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 1388
  • Stories: 1
  • Laundry: In Garage
  • Flooring: Laminate, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Level
  • 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, Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 15.24

Multi Family

  • Expenses Total: 6153
  • Income Annual Gross: 36600.00
  • Income Annual Rental: 36600
  • Income Gross Scheduled: 36600
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2016
Sold by
Gaslter Gene G
Bought by
Galster Gene G and Galster Roxanne M
Total Days on Market
30
Current Estimated Value
$1,049,313

Purchase Details

Listed on
Jan 17, 2014
Closed on
Nov 12, 2014
Sold by
Hambley Richard M and Hambley Catherine M
Bought by
Galster Gene G
Seller's Agent
Becky Jones
Shankle Real Estate
Buyer's Agent
Sharon swallow
Sotheby’s International Realty
List Price
$557,800
Sold Price
$537,800
Premium/Discount to List
-$20,000
-3.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Original Mortgage
$130,000
Interest Rate
4.1%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 24, 2014
Sold by
Hambley Richard M and Hambley Catherine M
Bought by
Bradford Jana A

Purchase Details

Closed on
Dec 21, 2009
Sold by
Bradford John
Bought by
Bradford Jana

Purchase Details

Closed on
Apr 12, 2005
Sold by
Hambley Richard M and Hambley Catherine M
Bought by
Hambley Richard M and Hambley Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2005
Sold by
Freeman Randall and Lavagnino Thomas W
Bought by
Hambley Richard M and Hambley Catherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2005
Sold by
Bradford John
Bought by
Bradford Jana A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2000
Sold by
Freeman Randall B
Bought by
Lavagnino Thomas W

Purchase Details

Closed on
Jul 13, 2000
Sold by
Kenoyer Kevin Lee and Kenoyer Mary Lee
Bought by
Freeman Randall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
8.2%
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
Galster Gene G -- None Available
Galster Gene G $538,000 First American Title Company
Galster Gene G -- First American Title Company
Bradford Jana A -- First American Title Company
Bradford Jana -- None Available
Hambley Richard M -- --
Hambley Richard M $810,000 Old Republic Title
Bradford Jana A -- Old Republic Title
Lavagnino Thomas W -- --
Freeman Randall $429,000 Old Republic Title Company
Freeman Randall -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galster Gene G $406,500
Previous Owner Galster Gene G $130,000
Previous Owner Galster Gene G $270,000
Previous Owner Hambley Richard M $648,000
Previous Owner Bradford Jana A $80,950
Previous Owner Freeman Randall $176,000
Previous Owner Freeman Randall $380,500
Previous Owner Freeman Randall $100,000
Previous Owner Freeman Randall $14,000
Previous Owner Freeman Randall $86,000
Previous Owner Freeman Randall $50,000
Previous Owner Freeman Randall $388,000
Previous Owner Freeman Randall $321,000
Closed Freeman Randall $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2014 11/14/14 Sold $537,800 -3.6% $387 / Sq Ft
02/16/2014 02/16/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $557,800 -- $402 / 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 $7,234 $659,257 $490,338 $168,919
2024 $7,234 $646,331 $480,724 $165,607
2023 $6,894 $633,659 $471,299 $162,360
2022 $6,798 $621,235 $462,058 $159,177
2021 $6,699 $609,055 $452,999 $156,056
2020 $6,446 $602,811 $448,355 $154,456
2019 $6,761 $590,992 $439,564 $151,428
2018 $6,491 $579,405 $430,946 $148,459
2017 $6,013 $568,046 $422,497 $145,549
2016 $5,978 $556,909 $414,213 $142,696
2015 $5,893 $548,545 $407,992 $140,553
2014 $6,185 $575,000 $380,000 $195,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Becky Jones

    Shankle Real Estate

    Section Image

  • S

    Buyer's Agent in 2014

    Sharon swallow

    Sotheby’s International Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81401493

MLSListings

APN: 001-827-004-000

California Monterey County Monterey 93940 East Monterey

1072 1st St, Monterey, CA

This home is located at 1072 1st St, Monterey, CA 93940 since 17 January 2014 and is currently estimated at $1,049,313, approximately $755 per square foot. This property was built in 1942. 1072 1st St is a home located in Monterey County with nearby schools including La Mesa Elementary School, Monte Vista Elementary School, and Monterey High School.

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