NOT LISTED FOR SALE

Estimated Value: $1,385,189 - $1,893,000

2 Beds
2 Baths
877 Sq Ft
$1,817/Sq Ft Est. Value

Last Sold January 19, 2016

Last sale price $1,008,000 $1,149 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $9,382/month

60 Days on Market

Highlights

  • Bay View
  • High Ceiling
  • Cottage
  • Robert Down Elementary School Rated A
  • Granite Countertops
  • 1-minute walk to Berwick Park

About This Home

As of January 2016

Amazing location & literally steps to some of the most beautiful coastline in the world. This cottage has been tastefully remodeled on a double corner lot making it truly a rare find. Close to all this historic community has to offer-Lovers Point Beach, Monterey Bay Aquarium, Cannery Row, miles of Coastal Recreational Trail, fine dining, quaint shops, the local market and theater, coffee houses, & book stores, each where the owners will know you by name. Pacific Grove is like stepping back in time.

Last Agent to Sell the Property

Linda Guy

Sotheby’s International Realty License #00875231 Listed on: 10/05/2015

Last Buyer's Agent

Patty Amarante

Santa Cruz Estates License #00632466

Santa Cruz Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,483

Year Built

  • Built in 1918

Lot Details

  • Wood Fence
  • Back Yard
  • Zoning described as R1

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Bungalow
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 877 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Double Pane Windows
  • Family or Dining Combination
  • Den
  • Tile Flooring
  • Bay Views

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Zoned Heating
  • Separate Meters
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number 006-218-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,483

Year Built

Built in 1918

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Bungalow, Cottage
  • Listing Class: Residential
  • Structure Sq Ft: 877
  • Year Built: 1918
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Breakfast Bar, Dining Area in Family Room, No Formal Dining Room
  • Kitchen: Countertop - Granite, Dishwasher, Hookups - Gas, Oven Range - Gas
  • Living Sq Ft: 877
  • Stories: 1
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Tile
  • Additional Rooms: Den / Study / Office, Laundry Room
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Shower and Tub, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter, Foundation Pillars
  • Roof: Composition
  • View: Bay
  • Yard/Grounds: Back Yard, Fenced
  • Fencing: Fenced, Wood
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Electric, Individual Room Controls
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Description: Corners Marked - No
  • Parcel Number: 006-218-002
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3575.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3575.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet, Tankless Water Heater

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Pacific Grove Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Jan 7, 2016
Sold by
English Joe G and English Sharon J
Bought by
Ridgley Kenneth T and Ridgley Alexandra
Seller's Agent
Linda Guy
Sotheby’s International Realty
Buyer's Agent
Patty Amarante
Santa Cruz Estates
List Price
$1,177,000
Sold Price
$1,008,000
Premium/Discount to List
-$169,000
-14.36%
Current Estimated Value
$1,593,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$585,797
Avg. Annual Appreciation
4.80%
Original Mortgage
$750,000
Outstanding Balance
$579,557
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,014,240

Purchase Details

Closed on
Aug 6, 2009
Sold by
Pak Chong Rae
Bought by
English Joe G and English Sharon J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,000
Interest Rate
5.3%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 1, 2003
Sold by
Bohrman David L
Bought by
Pak Chong Rea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
5.5%
Mortgage Type
Unknown
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
Ridgley Kenneth T $1,008,000 Old Republic Title Company
English Joe G $765,000 Chicago Title Company
Pak Chong Rea $725,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ridgley Kenneth T $750,000
Previous Owner English Joe G $612,000
Previous Owner Pak Chong Rea $543,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2016 01/19/16 Sold $1,008,000 -4.0% $1,149 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
11/23/2015 11/23/15 Price Changed $1,049,995 -4.3% $1,197 / Sq Ft
11/11/2015 11/11/15 Price Changed $1,097,000 -6.8% $1,251 / Sq Ft
10/05/2015 10/05/15 For Sale $1,177,000 -- $1,342 / 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 $12,483 $1,193,262 $887,845 $305,417
2024 $12,483 $1,169,866 $870,437 $299,429
2023 $12,621 $1,146,928 $853,370 $293,558
2022 $12,365 $1,124,440 $836,638 $287,802
2021 $12,302 $1,102,393 $820,234 $282,159
2020 $12,054 $1,091,090 $811,824 $279,266
2019 $11,670 $1,069,697 $795,906 $273,791
2018 $11,437 $1,048,723 $780,300 $268,423
2017 $11,251 $1,028,160 $765,000 $263,160
2016 $9,346 $834,158 $583,367 $250,791
2015 $9,195 $821,629 $574,605 $247,024
2014 $9,003 $805,536 $563,350 $242,186
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81517596

MLSListings

APN: 006-218-002-000