NOT LISTED FOR SALE

1123 Balboa Ave Pacific Grove, CA 93950

Estimated Value: $3,104,000 - $4,231,000

4 Beds
3.5 Baths
2,457 Sq Ft
$1,504/Sq Ft Est. Value

Last Sold November 17, 2021

Last sale price $3,300,000 $1,343 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $22,012/month

22 Days on Market

Highlights

  • Wine Cellar
  • Fireplace in Primary Bedroom
  • Vaulted Ceiling
  • Robert Down Elementary School Rated A
  • Deck
  • 2-minute walk to Esplanade Park

About This Home

As of November 2021

Situated directly in the heart of the Pacific Grove Beach Tract neighborhood sits this immaculate Cape Cod style, beach house retreat. Boasting a spacious and wide-open floor plan concept, this masterpiece houses nearly 2,500 square feet of indoor living space with 4 bedrooms, 3.5 bathrooms and gorgeous views of the ocean from multiple rooms. Pride of ownership radiates throughout the entire home as every inch of the property has been meticulously maintained and updated with the highest quality finishes. Features include oak hardwood flooring, custom Andersen windows, travertine/marble kitchen counters, Bertazzoni 6 burner range, 4 fireplaces, complete house generator, solar panels, heated bathroom floors and towel racks, custom lined Roman shades and more! Located just a short walk from Lovers Point, Downtown PG and the MB Coastal Rec Trail, the location of this abode could not be any better! Do not miss this rare opportunity to own one of the nicest homes in a premier PG location.

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 09/20/2021

KW Coastal Estates

Last Buyer's Agent

Thomas Bristol

Sotheby’s International Realty License #01447566

Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,582

Year Built

  • 1997

Lot Details

  • 6,399 Sq Ft Lot
  • Gated Home
  • Wood Fence
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard Fenced

Parking

  • 2 Car Garage
  • Lighted Parking
  • Garage Door Opener
  • Secured Garage or Parking
  • Guest Parking
  • On-Street Parking

Home Design

  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,457 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Skylights in Kitchen
  • Circular Fireplace
  • Free Standing Fireplace
  • Gas Fireplace
  • Bay Window
  • Wine Cellar
  • Living Room with Fireplace
  • 4 Fireplaces
  • Dining Area
  • Den
  • Library
  • Solarium
  • Radiant Floor

Kitchen

  • Breakfast Area or Nook
  • Built-In Self-Cleaning Oven
  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Ice Maker
  • Dishwasher
  • Marble Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Washer and Dryer

Home Security

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

Eco-Friendly Details

  • Solar Heating System

Outdoor Features

  • Balcony
  • Deck
  • Enclosed Patio or Porch
  • Barbecue Area

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Master Meter
  • Power Generator
  • Water Filtration System

Community Details

  • Controlled Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,582

Year Built

1997

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1
  • Subclass: Single Family Home
  • Age: 24
  • Listing Class: Residential
  • Structure Sq Ft: 2457
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Family Room: No Family Room
  • Fireplace: Free Standing, Gas Burning, Living Room, Primary Bedroom
  • Dining Room: Breakfast Nook, Dining Area, Skylight
  • Kitchen: Cooktop - Gas, Countertop - Marble, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Ice Maker, Oven - Built-In, Oven - Gas, Oven - Self Cleaning, Oven Range - Built-In, Gas, Pantry, Refrigerator, Skylight
  • Fireplace: Yes
  • Living Sq Ft: 2457
  • Stories: 2
  • Security: Closed Circuit Monitoring (24-Hour), Controlled / Secured Access, Fire Alarm, Fire System - Sprinkler, Panic Alarm, Secured Garage / Parking, Security Alarm
  • Laundry: Inside, Upper Floor, Washer / Dryer
  • Additional Rooms: Den / Study / Office, Library, Solarium, Wine Cellar / Storage
  • Fireplaces Min: 4
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Block, Concrete Slab, Raised
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Deck, Drought Tolerant Plants, Fenced, Low Maintenance, Porch - Enclosed, Sprinklers - Auto
  • Fencing: Fenced Back, Gate, Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Guest / Visitor Parking, Lighted Parking Area, On Street, Room For Oversized Vehicle

Utilities

  • Cooling System: Ceiling Fan, Multi-Zone, Whole House / Attic Fan
  • Heating System: Central Forced Air, Fireplace, Radiant Floors, Solar
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Bay Window, High Ceiling, Security Gate, Skylight, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.1469
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6400.00

Multi Family

  • Utilities: Generator, Master Meter, Solar Panels - Owned

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2021
Closed on
Nov 9, 2021
Sold by
Skees Suzanne R and Skees Suzanne R
Bought by
Bell Brooks and Bell Sheri
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Thomas Bristol
Sotheby’s International Realty
List Price
$3,495,000
Sold Price
$3,300,000
Premium/Discount to List
-$195,000
-5.58%
Current Estimated Value
$3,694,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,483
Avg. Annual Appreciation
3.07%
Original Mortgage
$1,800,000
Outstanding Balance
$1,656,742
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$2,037,741

Purchase Details

Listed on
May 11, 2018
Closed on
Sep 12, 2018
Sold by
Chatwell Billy Wayne and Oster Christine J
Bought by
Prope Skees Suzanne R and Suzanne R Skees Separate Property Trust
Seller's Agent
J.R. Rouse
Sotheby’s International Realty
Buyer's Agent
Alistair Craft
Christie's International Real Estate Sereno
List Price
$2,448,000
Sold Price
$2,150,000
Premium/Discount to List
-$298,000
-12.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.77%

Purchase Details

Closed on
Apr 21, 1998
Sold by
Oster Christine J and Chatwell Billy W
Bought by
Chatwell Billy Wayne and Oster Christine J
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
Bell Brooks $3,300,000 Chicago Title Company
Prope Skees Suzanne R $2,150,000 Old Republic Title Co
Chatwell Billy Wayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bell Brooks $1,800,000
Previous Owner Chatwell Billy Wayne $717,000
Previous Owner Chatwell Billy Wayne $750,000
Previous Owner Chatwell Billy Wayne $261,400
Previous Owner Chatwell Bill $250,000
Previous Owner Chatwell Billy Wayne $302,000
Previous Owner Chatwell Billy Wayne $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2021 11/17/21 Sold $3,300,000 -5.6% $1,343 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $3,495,000 +62.6% $1,422 / Sq Ft
10/08/2018 10/08/18 Sold $2,150,000 -4.4% $875 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/16/2018 08/16/18 Price Changed $2,250,000 -4.2% $916 / Sq Ft
07/16/2018 07/16/18 Price Changed $2,349,000 -4.0% $956 / Sq Ft
05/11/2018 05/11/18 For Sale $2,448,000 -- $996 / 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 $22,582 $2,168,928 $1,323,047 $845,881
2024 $22,582 $2,126,401 $1,297,105 $829,296
2023 $22,816 $2,084,708 $1,271,672 $813,036
2022 $36,154 $2,043,833 $1,246,738 $797,095
2021 $24,753 $3,300,000 $2,000,000 $1,300,000
2020 $24,090 $2,193,000 $1,275,000 $918,000
2019 $23,320 $2,150,000 $1,250,000 $900,000
2018 $10,753 $984,126 $378,887 $605,239
2017 $10,579 $964,830 $371,458 $593,372
2016 $10,605 $945,913 $364,175 $581,738
2015 $10,433 $931,705 $358,705 $573,000
2014 $5,857 $520,237 $351,679 $168,558
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81863483

MLSListings

APN: 006-041-004-000