NOT LISTED FOR SALE

Estimated Value: $1,087,000 - $1,464,000

3 Beds
2 Baths
1,165 Sq Ft
$1,054/Sq Ft Est. Value

Last Sold November 29, 2023

Last sale price $1,050,000 $901 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $7,393/month

11 Days on Market

Highlights

  • Craftsman Architecture
  • Park or Greenbelt View
  • Bathtub with Shower
  • Monterey High School Rated A
  • Open to Family Room
  • 1-minute walk to Oak Newton Park

About This Home

As of November 2023

Darling home in the heart of Monterey just several blocks up from Cannery Row. This is a great neighborhood with a lovely park in walking distance. Cute single level 3/2 with large garage and on demand hot water. Easy to care for front & rear yard with a greenhouse and pavers. This would be a great family, vacation or retirement home with easy access to shopping and amenities.

Last Agent to Sell the Property

Erika Reid

Bailey Properties License #01446351 Listed on: 10/20/2023

Last Buyer's Agent

Doug Toby

KW Coastal Estates License #01239501

KW Coastal Estates

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Grass Covered Lot
  • Back Yard Fenced

Parking

  • 2 Car Garage
  • Off-Street Parking

Property Views

  • Park or Greenbelt
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,165 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Laundry in Garage

Kitchen

  • Open to Family Room
  • Built-In Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 001-151-009-000

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Craftsman
  • Listing Class: Residential
  • Structure Sq Ft: 1165
  • Year Built: 1960
  • Zoning Description: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Living Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: Cooktop - Electric, Oven - Built-In, Refrigerator
  • Living Sq Ft: 1165
  • Stories: 1
  • Bedrooms: More than One Bedroom on Ground Floor
  • Laundry: In Garage
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Full on Ground Floor, Shower and Tub, Shower over Tub - 1, Stall Shower
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Neighborhood, Park
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance
  • Fencing: Fenced Back
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 001-151-009-000
  • Lot Acres: 0.1700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7405.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7405.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 25, 2024
Sold by
Favalora Michael Joseph and Favalora Eileen
Bought by
Favalora Family Trust and Favalora
Current Estimated Value
$1,227,712

Purchase Details

Listed on
Oct 20, 2023
Closed on
Nov 21, 2023
Sold by
Rae Yuan Trust
Bought by
Favalora Michael Joseph and Favalora Eileen
Seller's Agent
Erika Reid
Bailey Properties
Buyer's Agent
Doug Toby
KW Coastal Estates
List Price
$999,999
Sold Price
$1,050,000
Premium/Discount to List
$50,001
5%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$655,000
Interest Rate
7.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2009
Sold by
Yuan Rae
Bought by
Yuan Rae and The Rae Yuan Trust

Purchase Details

Closed on
May 2, 2005
Sold by
Yuan Rae
Bought by
Yuan Rae and Rae Yuan Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Favalora Family Trust -- None Listed On Document
Favalora Family Trust -- None Listed On Document
Favalora Michael Joseph $1,055,000 Old Republic Title Company
Yuan Rae -- None Available
Yuan Rae -- None Available
Yuan Rae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Favalora Michael Joseph $655,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2023 11/29/23 Sold $1,050,000 +5.0% $901 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $999,999 -- $858 / 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 $11,514 $1,076,100 $765,000 $311,100
2024 $11,514 $1,055,000 $750,000 $305,000
2023 $2,902 $260,030 $208,033 $51,997
2022 $2,863 $254,932 $203,954 $50,978
2021 $2,821 $249,934 $199,955 $49,979
2020 $2,716 $247,372 $197,905 $49,467
2019 $2,846 $242,523 $194,025 $48,498
2018 $2,736 $237,769 $190,221 $47,548
2017 $2,463 $233,108 $186,492 $46,616
2016 $2,419 $228,538 $182,836 $45,702
2015 $2,383 $225,106 $180,090 $45,016
2014 $2,342 $220,698 $176,563 $44,135
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81945450

MLSListings

APN: 001-151-009-000