NOT LISTED FOR SALE

Estimated Value: $2,108,208 - $3,011,000

6 Beds
6 Baths
4,098 Sq Ft
$595/Sq Ft Est. Value

Last Sold June 21, 2021

Last sale price $1,500,000 $366 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $14,170/month

9 Days on Market

Highlights

  • Ocean View
  • 2.5 Acre Lot
  • 3 Fireplaces
  • Monterey High School Rated A
  • Vaulted Ceiling
  • Formal Dining Room

About This Home

As of June 2021

This hilltop home offers sweeping, panoramic views of the Monterey Bay, all the way to Santa Cruz and down the coast towards Point Lobos! This modern concept boasts 360 degrees of windows to give this spacious home a sunny and bright feel. With 6 bedrooms and 6 bathrooms this home is perfect for a large family or for hosting guests. The house features: hardwood and tile floors, high beam ceilings, multi-level living spaces, a large formal dining room, and a master suite with a grand walk-in closet & over-sized tub in the master bath. The lower level offers a smaller scale kitchen & dining room, additional bedrooms, home gym and more! The house sits atop 2.5 acres with top of the world, breathtaking views of the Pacific Ocean AND the vintage rolling hills that California is famous for. Come and see this incredible view for yourself as this one will not last long!

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 06/03/2021

KW Coastal Estates

Last Buyer's Agent

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 06/03/2021

KW Coastal Estates

Home Details

Home Type

  • Single Family

Year Built

  • 1983

Lot Details

  • 2.5

Property Views

  • Ocean
  • City Lights
  • Mountain
  • Valley

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 4,098 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Separate Family Room
  • Formal Dining Room

Kitchen

  • Open to Family Room
  • Double Self-Cleaning Oven

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Balcony
  • 2.5 Acre Lot

Home Details

Home Type

Single Family

Year Built

1983

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 4098
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1983

Interior Features

  • Family Room: Kitchen / Family Room Combo, Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Oven - Double, Oven - Self Cleaning
  • Fireplace: Yes
  • Living Sq Ft: 4098
  • Stories: 2
  • Laundry: Inside, Washer / Dryer
  • Additional Rooms: Laundry Room
  • Fireplaces Min: 3
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • Foundation: Concrete Block
  • Roof: Shingle
  • View: City Lights, Mountains, Ocean, Valley
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Parking Area, Uncovered Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight, Vaulted Ceiling

Lot Info

  • Lot Acres: 2.5000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 108900.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 108900.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Jun 18, 2021
Sold by
Patel Jay and The Jay Patel Revocable Living
Bought by
Grabel Edward F and Grabel Oak Kyoung
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$995,000
Sold Price
$1,500,000
Premium/Discount to List
$505,000
50.75%
Current Estimated Value
$2,438,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$938,802
Avg. Annual Appreciation
11.22%

Purchase Details

Closed on
Sep 29, 2016
Sold by
Kjay Revocable Living Trust
Bought by
Jay Patel Revocable Living Trust

Purchase Details

Closed on
Dec 1, 2012
Sold by
Patel Jay and Patel Sarla J
Bought by
Kjay Revocable Living Trust

Purchase Details

Closed on
Nov 1, 2012
Sold by
Patel Jayanti V and Patel Sarla J
Bought by
Patel Jay and Patel Sarla J
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
Grabel Edward F $1,500,000 Chicago Title Company
Jay Patel Revocable Living Trust -- None Available
Kjay Revocable Living Trust -- None Available
Patel Jay -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2021 06/21/21 Sold $1,500,000 +50.8% $366 / Sq Ft
06/13/2021 06/13/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $995,000 -- $243 / 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 $17,000 $1,623,646 $757,701 $865,945
2024 $17,000 $1,591,811 $742,845 $848,966
2023 $16,826 $1,560,600 $728,280 $832,320
2022 $16,592 $1,530,000 $714,000 $816,000
2021 $4,757 $1,500,000 $700,000 $800,000
2020 $4,577 $427,531 $60,021 $367,510
2019 $4,805 $419,149 $58,845 $360,304
2018 $4,613 $410,932 $57,692 $353,240
2017 $4,270 $402,875 $56,561 $346,314
2016 $4,194 $394,976 $55,452 $339,524
2015 $4,133 $389,045 $54,620 $334,425
2014 $4,061 $381,426 $53,551 $327,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81847099

MLSListings

APN: 416-191-018-000