NOT LISTED FOR SALE

1080 Paloma Rd Monterey, CA 93940

Estimated Value: $965,701 - $1,076,000

3 Beds
2 Baths
2,050 Sq Ft
$499/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $800,000 $390 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,113/month

35 Days on Market

Highlights

  • Wood Burning Stove
  • Traditional Architecture
  • Main Floor Bedroom
  • Monterey High School Rated A
  • Wood Flooring
  • Neighborhood Views

About This Home

As of December 2021

Welcome home to 1080 Paloma Rd. This two-story property offers 2 bedrooms, 1 bath on the main level with a finished basement on the lower level offer, another bedroom with exterior entrance and the 2nd bath, bonus/family room, office, workshop, craft room, laundry room. Great location with easy access to shopping, golfing, and the coastline. Property is a diamond in the rough. Livable, but offers you the opportunity to update it to your liking with your taste. Ask your REALTOR to schedule a showing today.

Last Agent to Sell the Property

Team Rouse

Sotheby’s International Realty License #70010204 Listed on: 09/30/2021

Last Buyer's Agent

The Debby Beck Group

Platinum One Real Estate License #70010203

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,957

Year Built

  • 1952

Lot Details

  • 5,201 Sq Ft Lot
  • Partially Fenced Property
  • Lot Sloped Down
  • Hillside Location

Home Design

  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,050 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Laundry Room
  • Utility Room
  • Neighborhood Views
  • Finished Basement

Kitchen

  • Gas Oven
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Parking

  • 1 Carport Space
  • On-Street Parking

Utilities

  • Wall Furnace

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,957

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: SFR
  • Subclass: Single Family Home
  • Style: Traditional
  • Listing Class: Residential
  • Structure Sq Ft: 2050
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Fireplace: Living Room, Wood Burning
  • Dining Room: Dining "L", Dining Area In Living Room
  • Kitchen: Countertop - Formica, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 2050
  • Stories: 2
  • Bedrooms: More Than One Bedroom On Ground Floor
  • Flooring: Carpet, Vinyl / Linoleum, Wood
  • Additional Rooms: Basement - Finished, Den / Study / Office, Laundry Room, Storage, Utility Room
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Shower Over Tub - 1, Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Neighborhood
  • Fencing: Partial Fencing

Garage/Parking

  • Garage Parking Features: Carport, On Street
  • Carport Min: 1

Utilities

  • Heating System: Stove - Wood, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Hillside, Grade - Sloped Down
  • Lot Acres: 0.1194
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5200.00
  • Soil: Unknown

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Nov 29, 2021
Sold by
Oneal Marian and Anselmo Charles
Bought by
Shrestha Bijay and Shrestha Niki Jonchhe
Seller's Agent
Team Rouse
Sotheby’s International Realty
Buyer's Agent
The Debby Beck Group
Platinum One Real Estate
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Current Estimated Value
$1,023,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,425
Avg. Annual Appreciation
6.54%
Original Mortgage
$600,000
Outstanding Balance
$551,695
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$471,730

Purchase Details

Closed on
Jul 25, 2006
Sold by
Cranfield John G and Cranfield Catherine L
Bought by
Oneal Marian and Anselmo Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
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
Shrestha Bijay $800,000 Old Republic Title Company
Oneal Marian $720,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shrestha Bijay $600,000
Previous Owner Oneal Marian $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2021 12/06/21 Sold $800,000 -5.8% $390 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $849,000 -- $414 / 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 $8,957 $848,965 $371,422 $477,543
2024 $8,957 $832,320 $364,140 $468,180
2023 $8,962 $816,000 $357,000 $459,000
2022 $8,839 $800,000 $350,000 $450,000
2021 $8,326 $800,000 $350,000 $450,000
2020 $8,636 $800,000 $500,000 $300,000
2019 $9,138 $791,000 $494,000 $297,000
2018 $8,523 $753,000 $471,000 $282,000
2017 $6,696 $624,000 $390,000 $234,000
2016 $6,559 $610,000 $381,000 $229,000
2015 $6,278 $583,000 $364,000 $219,000
2014 $5,373 $496,000 $310,000 $186,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81864944

MLSListings

APN: 012-532-015-000