NOT LISTED FOR SALE

1075 6th St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $932,255 - $1,285,000

3 Beds
2 Baths
1,491 Sq Ft
$741/Sq Ft Est. Value

Last Sold August 11, 2017

Last sale price $715,000 $480 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $6,934/month

108 Days on Market

Highlights

  • Double Pane Windows
  • Laundry Room
  • Washer and Dryer
  • La Mesa Elementary School Rated A-
  • Forced Air Heating System
  • Grass Covered Lot

About This Home

As of August 2017

Sought after Monterey Oak Grove duplex located near Lake El Estero, NPS, MPC, Monterey Wharf, beach, and hiking trails. Property features main house of 884-sq.ft and separate guest house of 607-sq.ft. Both updated interiors and kitchens, new roofs, laundry rooms, lots of windows for light, and single level. Great location and fantastic rental history. Photos currently back house only. Front house photos to follow.

Last Agent to Sell the Property

Laura Garcia

Sotheby’s International Realty License #01367403 Listed on: 01/05/2017

Last Buyer's Agent

Janet Lee Leighton

Park Place Realty License #01703796

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,775

Year Built

  • 1925

Lot Details

  • 3,703 Sq Ft Lot
  • Mostly Level
  • Grass Covered Lot

Home Design

  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,491 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Stove
  • Microwave
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 2 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $41,940

Community Details

Overview

  • 1,491 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,006
  • Other Expense $720
  • Utility Expense $1,680
  • Trash Expense $292
  • Operating Expense $10,098
  • Gross Income $41,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,775

Year Built

1925

Lot Details

0

Listing Details

  • Zoning: R3-6
  • Subclass: Duplex
  • Age: 92
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1491
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Cooktop - Gas, Countertop - Laminate, Microwave, Oven Range - Electric, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1491
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage, Off-Street Parking, On Street, Varies By Unit

Utilities

  • Heating System: Central Forced Air - Gas, Stove Heater
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0850
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3700.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Security Deposit
  • Gross Rent Multiplier: 17.29
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1006
  • Expenses Other: 720
  • Expenses Total: 10098
  • Expenses Utility: 1680
  • Expense Trash: 292
  • Income Annual Gross: 41940.00
  • Income Annual Rental: 41940
  • Income Gross Scheduled: 41940
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Rent Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2017
Sold by
Lyon Yvonne A
Bought by
Lyon Willis Y and Lyon Yvonne A
Total Days on Market
108
Current Estimated Value
$1,105,064

Purchase Details

Closed on
Dec 20, 2017
Sold by
Lyon Yvonne A
Bought by
Lyon Willis Y and Lyon Yvonne A

Purchase Details

Listed on
Jan 5, 2017
Closed on
Aug 7, 2017
Sold by
Lyon Willis Y
Bought by
Lyon Yvonne A
Seller's Agent
Laura Garcia
Sotheby’s International Realty
Buyer's Agent
Janet Lee Leighton
Park Place Realty
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%

Purchase Details

Closed on
Sep 27, 2012
Sold by
Towle Bradley S and Towle Leanna M
Bought by
Towle Bradley S and Towle Leanna M

Purchase Details

Closed on
Jul 12, 2005
Sold by
Jameson Robert N and Jameson Robert N
Bought by
Towle Bradley S and Towle Leanna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,250
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac
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
Lyon Willis Y -- None Available
Lyon Willis Y -- None Available
Lyon Yvonne A -- Chicago Title Company
Lyon Yvonne A $715,000 Chicago Title Company
Towle Bradley S -- None Available
Towle Bradley S $625,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Towle Bradley S $406,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $715,000 -1.4% $480 / Sq Ft
04/24/2017 04/24/17 Pending -- -- --
04/21/2017 04/21/17 For Sale $725,000 0.0% $486 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
03/03/2017 03/03/17 Price Changed $725,000 -3.2% $486 / Sq Ft
01/05/2017 01/05/17 For Sale $749,000 -- $502 / 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
2024 $8,775 $797,593 $557,758 $239,835
2023 $8,551 $781,955 $546,822 $235,133
2022 $8,434 $766,623 $536,100 $230,523
2021 $8,311 $751,592 $525,589 $226,003
2020 $7,997 $743,886 $520,200 $223,686
2019 $8,393 $729,300 $510,000 $219,300
2018 $8,057 $715,000 $500,000 $215,000
2017 $7,678 $721,541 $577,234 $144,307
2016 $7,541 $707,394 $565,916 $141,478
2015 $6,941 $650,000 $400,000 $250,000
2014 $6,428 $600,000 $350,000 $250,000
Source: Public Records

Agents Affiliated with this Home

  • Laura Garcia

    Seller's Agent in 2017

    Laura Garcia

    Sotheby’s International Realty

    Section Image
  • Janet Lee Leighton

    Buyer's Agent in 2017

    Janet Lee Leighton

    Park Place Realty

    (831) 206-7233

    16 Total Sales

    Janet Lee Leighton
    Section Image
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Map

Source: MLSListings

MLS Number: ML81634796

MLSListings

APN: 001-841-008-000

California Monterey County Monterey 93940 East Monterey

1075 6th St, Monterey, CA

This home is located at 1075 6th St, Monterey, CA 93940 since 05 January 2017 and is currently estimated at $1,105,064, approximately $741 per square foot. This property was built in 1925. 1075 6th 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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