NOT LISTED FOR SALE

1093 3rd St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $876,000 - $1,356,000

4 Beds
3 Baths
1,551 Sq Ft
$752/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $758,000 $489 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $7,152/month

6 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Laundry Room
  • La Mesa Elementary School Rated A-
  • Tile Countertops
  • Fenced

About This Home

As of March 2017

High Rental Demand Area. Well maintained 3 bedroom, 2 bath home in prime location. Freshly painted inside and out. Windows in main house replaced. 1 bedroom, 1 bath unit included in square footage

Last Agent to Sell the Property

Maria Betts

Shankle Real Estate License #00796167 Listed on: 02/16/2017

Shankle Real Estate

Last Buyer's Agent

J.R. Rouse

JR Rouse Real Estate License #01299649

JR Rouse Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,547

Year Built

  • 1941

Lot Details

  • 3,920 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Shower
  • 1,551 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Tile Countertops
  • Formica Countertops

Flooring

  • Wood
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 1,551 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $56
  • Insurance Expense $129
  • Maintenance Expense $171
  • Manager Expense $119
  • Other Expense $38
  • Utility Expense $974
  • Trash Expense $122
  • Operating Expense $2,065
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,547

Year Built

1941

Lot Details

0

Parking

1

Listing Details

  • Zoning: R 2
  • Subclass: Duplex
  • Style: Traditional
  • Age: 76
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1551
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Tile, Oven - Gas, Refrigerator
  • Living Sq Ft: 1551
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Fenced
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.40
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.40

Green Features

  • Energy Features: Low Flow Shower

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.36
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 129
  • Expense Landscape: 56
  • Expense Maintenance: 171
  • Expense Management: 119
  • Expenses Other: 38
  • Expenses Total: 2065
  • Expenses Utility: 974
  • Expense Trash: 122
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2020
Sold by
Watt Andrew N and Watt Cathleen A
Bought by
Watt Andrew N and Watt Cathleen A
Current Estimated Value
$1,166,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,000
Outstanding Balance
$334,181
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$822,244

Purchase Details

Listed on
Feb 16, 2017
Closed on
Mar 21, 2017
Sold by
Harreli Janice and The Sbranti Family Trust
Bought by
Watt Andrew N and Watt Cathleen A
Seller's Agent
Maria Betts
Shankle Real Estate
Buyer's Agent
J.R. Rouse
JR Rouse Real Estate
List Price
$769,000
Sold Price
$758,000
Premium/Discount to List
-$11,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.14%
Original Mortgage
$400,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 13, 2002
Sold by
Sbranti Frank P
Bought by
Sbranti Frank P and The Sbranti Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Watt Andrew N -- Stewart Title Of Ca Inc
Watt Andrew N -- Stewart Title Of California
Watt Andrew N $758,000 Old Republic Title Company
Sbranti Frank P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watt Andrew N $373,000
Closed Watt Andrew N $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Sold $758,000 -1.4% $489 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
02/16/2017 02/16/17 For Sale $769,000 -- $496 / 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 $9,547 $879,718 $464,232 $415,486
2024 $9,547 $862,470 $455,130 $407,340
2023 $9,259 $845,559 $446,206 $399,353
2022 $9,132 $828,980 $437,457 $391,523
2021 $9,000 $812,727 $428,880 $383,847
2020 $8,660 $804,395 $424,483 $379,912
2019 $9,089 $788,623 $416,160 $372,463
2018 $8,726 $773,160 $408,000 $365,160
2017 $5,655 $527,044 $332,871 $194,173
2016 $5,555 $516,711 $326,345 $190,366
2015 $5,477 $508,950 $321,443 $187,507
2014 $5,383 $498,981 $315,147 $183,834
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Maria Betts

    Shankle Real Estate

    Section Image

  • J

    Buyer's Agent in 2017

    J.R. Rouse

    JR Rouse Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81639131

MLSListings

APN: 001-831-004-000

California Monterey County Monterey 93940 East Monterey

1093 3rd St, Monterey, CA

This home is located at 1093 3rd St, Monterey, CA 93940 since 16 February 2017 and is currently estimated at $1,166,637, approximately $752 per square foot. This property was built in 1941. 1093 3rd 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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