NOT LISTED FOR SALE

Estimated Value: $2,421,122 - $2,881,000

4 Beds
3.5 Baths
3,600 Sq Ft
$731/Sq Ft Est. Value

Last Sold July 01, 2015

Last sale price $1,620,000 $450 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $15,626/month

35 Days on Market

Highlights

  • Bay View
  • Solar Power System
  • Deck
  • Monterey High School Rated A
  • 2.65 Acre Lot
  • Marble Flooring

About This Home

As of July 2015

Custom-built, single level home above Monterey in the gated community of Bay Ridge. Beautiful 2.65 acre lot & 3625 sq ft, 4 bedrooms, 3.5 baths, & home office. Off the marble entry is living room, dining room & parlor, with high ceilings & beautiful views. There are 3 fireplaces. The gourmet kitchen has a granite dining bar, kitchen dining area, & extra vegetable sink. Master suite is sizable with his & hers closets, jetted tub, separate shower, & French doors to the views, gazebo & hot tub.

Last Agent to Sell the Property

Gayle Crusan

International Estates, Inc. License #01038531 Listed on: 05/01/2015

Last Buyer's Agent

Greg Kraft

Carmel Realty Company License #00618994

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,086

Year Built

  • Built in 1997

Lot Details

  • 2.65 Acre Lot
  • Mostly Level
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard Fenced
  • Zoning described as R1

Parking

  • 3 Car Attached Garage

Property Views

  • Bay
  • City Lights
  • Mountain
  • Hills

Home Design

  • Mediterranean Architecture
  • Combination Foundation
  • Wood Frame Construction
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights in Kitchen
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Formal Entry
  • Breakfast Room
  • Dining Area
  • Den
  • Storage Room
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Concrete Kitchen Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • In-Law or Guest Suite
  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Security Gate
  • Alarm System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Separate Meters
  • Propane
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, maintenance - common area, reserves, security service
  • Bay Ridge Association
  • Built by Bay Ridge
  • The community has rules related to credit or board approval, parking rules

Listing and Financial Details

  • Assessor Parcel Number 416-131-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,086

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Subclass: Single Family Home
  • Style: Mediterranean
  • Restrictions: Board / Park Approval, Neighborhood Approval, Parking Restrictions
  • Age: 18
  • Listing Class: Residential
  • Structure Sq Ft: 3600
  • Complex Name: Bay Ridge
  • Incorporated: Yes
  • Year Built: 1997
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Gas Starter, Wood Burning
  • Dining Room: Breakfast Bar, Breakfast Room, Dining Area
  • Kitchen: Countertop - Concrete, Countertop - Granite, Dishwasher, Garbage Disposal, Island, Island with Sink, Microwave, Oven - Built-In, Oven - Double, Oven - Electric, Pantry, Refrigerator, Skylight
  • Living Sq Ft: 3600
  • Stories: 1
  • Security: Fire Alarm, Fire System - Sprinkler, Security Alarm
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Marble
  • Additional Rooms: Attic, Den / Study / Office, Formal Entry, In-Law Unit, Laundry Room, Office Area, Storage
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Combination, Concrete Perimeter and Slab, Crawl Space
  • Roof: Tile
  • View: Bay, City Lights, Hills, Mountains
  • Yard/Grounds: Back Yard, Balcony / Patio, BBQ Area, Deck, Drought Tolerant Plants, Fenced, Low Maintenance
  • Fencing: Fenced Back
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air, Gas, Heating - 2+ Zones, Propane
  • Sewer/Septic System: Existing Septic

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Security Gate, Skylight

Condo/Co-op/Association

  • HOA Fees: 175
  • Association Fees Include: Common Area Electricity, Maintenance - Common Area, Reserves, Security Service
  • H O A Name Text: Bay Ridge
  • H O A Exist: Yes

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Parcel Number: 416-131-017
  • Lot Acres: 2.6500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 115434.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 115434.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet, Solar Power On Grid

Multi Family

  • Utilities: Individual Electric Meters, Propane On Site, Public Utilities, Solar
  • Second Unit Description: Gazebo Hot Tub

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2021
Sold by
Mott Richards Andrew and Mott Anne Tami
Bought by
Richards Family Trust
Current Estimated Value
$2,631,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2020
Sold by
Richards Andrew Mott and Richards Tami Anne
Bought by
Richards Andrew Mott and Richards Tami Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2015
Sold by
Richards Andrew M and Richards Tami A
Bought by
Richards Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 1, 2015
Closed on
Jun 25, 2015
Sold by
Ashokkumar Srinivasa K and Ashokkumar Vijayalakshimi
Bought by
Richards Andrew M and Richards Tami A
Seller's Agent
Gayle Crusan
International Estates, Inc.
Buyer's Agent
Greg Kraft
Carmel Realty Company
List Price
$1,729,000
Sold Price
$1,620,000
Premium/Discount to List
-$109,000
-6.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.99%

Purchase Details

Closed on
Oct 24, 2002
Sold by
Ashokkumar Srinivasa K and Ashokkumar Vijayalakshmi
Bought by
Ashokkumar Srinivasa K and Ashokkumar Vijayalakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$855,000
Interest Rate
5.99%

Purchase Details

Closed on
Dec 20, 2001
Sold by
Ashokkumar Srinivasa K and Ashokkumar Vijayalakshmi
Bought by
Ashokkumar Srinivasa K and Ashokkumar Vijayalakshmi
Source: Public Records

Range of Values:

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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
Richards Family Trust -- Unisource
Richards Andrew Mott -- Unisource
Richards Andrew Mott -- Unisource
Richards Andrew Mott -- Unisource
Richards Family Trust -- None Available
Richards Andrew M $1,620,000 First American Title Company
Ashokkumar Srinivasa K -- Old Republic Title
Ashokkumar Srinivasa K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richards Andrew Mott $210,000
Previous Owner Richards Andrew Mott $250,381
Previous Owner Ashokkumar Srinivasa K $855,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2015 07/01/15 Sold $1,620,000 -6.3% $450 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $1,729,000 -- $480 / 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 $20,086 $1,917,746 $591,896 $1,325,850
2024 $20,086 $1,880,144 $580,291 $1,299,853
2023 $19,881 $1,843,279 $568,913 $1,274,366
2022 $19,604 $1,807,137 $557,758 $1,249,379
2021 $19,316 $1,771,704 $546,822 $1,224,882
2020 $18,579 $1,753,539 $541,216 $1,212,323
2019 $19,514 $1,719,156 $530,604 $1,188,552
2018 $18,722 $1,685,448 $520,200 $1,165,248
2017 $17,324 $1,652,400 $510,000 $1,142,400
2016 $17,011 $1,620,000 $500,000 $1,120,000
2015 $8,376 $798,947 $385,638 $413,309
2014 -- $783,297 $378,084 $405,213
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81462922

MLSListings

APN: 416-131-017-000