NOT LISTED FOR SALE

1120 Sinex Ave Pacific Grove, CA 93950

Estimated Value: $1,219,000 - $1,598,602

2 Beds
2 Baths
979 Sq Ft
$1,450/Sq Ft Est. Value

Sale Details

Date Sold: September 27, 2019

Last sale price $928,000 $948 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,455 / mo

13 Days on Market

Highlights

  • 0.5 Acre Lot
  • Secluded Lot
  • Balcony
  • Robert Down Elementary School Rated A
  • Cottage
  • Laundry Room

About This Home

As of September 2019

VERY LARGE P.G. LOT WITH 2 CABINS ZONED DUPLEX This heavenly lot and location with devilish structures needs your help! Unusually large and beautiful ½ acre flat lot near Asilomar and Beach. It is not historical per City Committee. There are 2 structures on the property, both with kitchens, that are in, frankly, dilapidated condition! There are some outbuildings. There is obviously big upside potential - large, all useable lot, zoned for a duplex, attractive setting, close to beach. Please check with City regarding outside chance of lot split. The sales price reflects only a 3% total commission.

Last Agent to Sell the Property

Patrick Norris

Monterey Coast Realty License #01961932 Listed on: 08/01/2019

Co-Listed By

Barbara Ehrenpreis

Carmel Realty Company License #01136716

Last Buyer's Agent

Barbara Ehrenpreis

Carmel Realty Company License #01136716

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1921

Lot Details

  • 21,702 Sq Ft Lot
  • Back and Front Yard Fenced
  • Secluded Lot
  • Level Lot
  • Grass Covered Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Zoning described as R2B3

Home Design

  • Cottage
  • Rustic Architecture
  • Bungalow
  • Cabin
  • Fixer Upper
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 979 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Laundry Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Shed

Additional Homes

  • 300 SF Accessory Dwelling Unit

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 006-572-006-000

Home Details

Home Type

Single Family

Year Built

Built in 1921

Lot Details

0.5 Acres

Listing Details

  • Subclass: Single Family Home
  • Style: Bungalow, Cabin, Cottage, Rustic
  • Property Condition: Fixer Upper
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 300
  • Structure Sq Ft: 979
  • Incorporated: Yes
  • Year Built: 1921
  • Zoning Description: R2B3
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Living Sq Ft: 979
  • Stories: 1
  • Laundry: In Utility Room, Inside
  • Flooring: Carpet, Laminate
  • Additional Rooms: Laundry Room
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance, Storage Shed / Structure
  • Fencing: Fenced Back, Fenced Front, Wood
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, No Garage, Off-Street Parking, On Street, Parking Area

Utilities

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

Lot Info

  • Lot Description: Grade - Level, Possible Lot Split, Private / Secluded, Regular
  • Parcel Number: 006-572-006-000
  • Lot Acres: 0.4982
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 21700.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 21700.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Second Unit Description: Little cabin

MLS Schools

  • High School District Text: Pacific Grove Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2019
Closed on
Sep 6, 2019
Sold by
City National Bank
Bought by
Terrazzino Joseph A
Seller's Agent
Patrick Norris
Monterey Coast Realty
Buyer's Agent
Barbara Ehrenpreis
Carmel Realty Company
List Price
$979,000
Sold Price
$928,000
Premium/Discount to List
-$51,000
-5.21%
Current Estimated Value
$1,419,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,401
Avg. Annual Appreciation
6.60%
Original Mortgage
$682,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 1, 2019
Closed on
Sep 4, 2019
Sold by
Graves Tamara
Bought by
Terrazzino Joseph A
Seller's Agent
Patrick Norris
Monterey Coast Realty
Buyer's Agent
Barbara Ehrenpreis
Carmel Realty Company
List Price
$979,000
Sold Price
$928,000
Premium/Discount to List
-$51,000
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$682,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 31, 2015
Sold by
City National Bank
Bought by
City National Bank and The Bridges Larson Foundation

Purchase Details

Closed on
Apr 10, 1995
Sold by
Koblin Ronald R
Bought by
Koblin Ronald R and Bridges Charitable Remainder Unitrust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Terrazzino Joseph A $928,000 Old Republic Title Company
Terrazzino Joseph A -- Old Republic Title Company
City National Bank -- None Available
Koblin Ronald R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed Terrazzino Joseph A $682,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $928,000 -5.2% $948 / Sq Ft
08/15/2019 08/15/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $979,000 -- $1,000 / Sq Ft
Source: MLSListings

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 $10,623 $1,014,900 $984,280 $30,620
2024 $10,623 $995,001 $964,981 $30,020
2023 $10,746 $975,492 $946,060 $29,432
2022 $10,528 $956,365 $927,510 $28,855
2021 $10,475 $937,614 $909,324 $28,290
2020 $10,264 $928,000 $900,000 $28,000
2019 $6,977 $636,724 $477,543 $159,181
2018 $6,839 $624,240 $468,180 $156,060
2017 $6,728 $612,000 $459,000 $153,000
2016 $4,959 $439,330 $366,114 $73,216
2015 $4,879 $432,732 $360,615 $72,117
2014 $4,777 $424,257 $353,552 $70,705
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Patrick Norris

    Monterey Coast Realty

    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Barbara Ehrenpreis

    Carmel Realty Company

    Section Image
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Map

Source: MLSListings

MLS Number: ML81762871

MLSListings

APN: 006-572-006-000

California Monterey County Pacific Grove 93950

1120 Sinex Ave, Pacific Grove, CA

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