NOT LISTED FOR SALE

1186 3rd St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $962,000 - $1,012,808

3 Beds
2 Baths
1,270 Sq Ft
$782/Sq Ft Est. Value

Last Sold December 27, 2024

Last sale price $1,000,000 $787 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $6,001/month

74 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Washer and Dryer
  • La Mesa Elementary School Rated A-
  • Tile Flooring
  • Grass Covered Lot

About This Home

As of December 2024

New price on the this gem! Located within walking distance to Postgraduate Naval Academy, El Estero Park,Monterey Bay Park and Dennis the Menace Playground ! The front unit offers two bedrooms, one bath. The rear unit offers one bed and one bath. Great opportunity to live in one unit and rent out the other! Side yard offers a spacious patio area. Driveway parking. Dont miss this one!

Last Agent to Sell the Property

Karen Fink

Compass License #01449854 Listed on: 09/14/2024

Compass

Last Buyer's Agent

Rhonda Mohr

Sotheby’s International Realty License #02120365

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 3,999 Sq Ft Lot
  • Mostly Level
  • Grass Covered Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,270 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 1 Parking Space
  • 1 Carport Space
  • No Garage
  • Off-Site Parking

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 1,270 Sq Ft Building

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

3,999 Sq Ft Lot

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1270
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 1270
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Deck, Low Maintenance

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: No Garage, Off-Site Parking
  • Carport Min: 1

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0918
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Individual Electric Meters, Public Utilities
  • Meters: Separate Electric
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Dec 20, 2024
Sold by
Aarr Revocable Trust and Raja Rajani
Bought by
Quan Jennifer and Wagner Garett
Seller's Agent
Karen Fink
Compass
Buyer's Agent
Rhonda Mohr
Sotheby’s International Realty
List Price
$1,275,000
Sold Price
$1,000,000
Premium/Discount to List
-$275,000
-21.57%
Views
96
Current Estimated Value
$993,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,298
Avg. Annual Appreciation
-0.55%
Original Mortgage
$400,000
Outstanding Balance
$396,848
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$596,854

Purchase Details

Closed on
Feb 12, 2024
Sold by
Raja Rajani
Bought by
Aarr Revocable Trust and Raja

Purchase Details

Closed on
Dec 16, 2023
Sold by
Govindan Raja and Govindan Rajani
Bought by
Raja Rajani

Purchase Details

Closed on
Mar 29, 2018
Sold by
Palva John and Paiva Shelly
Bought by
Rajani Govindan Raja and Rajani Raja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2017
Sold by
Burney Christopher Douglas and Estate Of Dennis Burney
Bought by
Paiva John and Paiva Shelly

Purchase Details

Closed on
Aug 10, 2010
Sold by
Williby Richard C and Williby Mark E
Bought by
Burney Dennis D

Purchase Details

Closed on
May 8, 2009
Sold by
Williby Richard C and The Charlotte E Williby Trust
Bought by
Williby Richard C and Williby Mark E

Purchase Details

Closed on
Oct 16, 2008
Sold by
Williby Charlotte E and Willoughby Charlotte E
Bought by
Williby Charlotte E and The Charlotte E Williby 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
Quan Jennifer $1,000,000 Chicago Title
Aarr Revocable Trust -- None Listed On Document
Raja Rajani -- None Listed On Document
Rajani Govindan Raja $860,000 Old Republic Title Co
Paiva John $610,000 Old Republic Title Company
Burney Dennis D -- None Available
Williby Richard C -- None Available
Williby Charlotte E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quan Jennifer $400,000
Previous Owner Rajani Govindan Raja $610,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2024 12/27/24 Sold $1,000,000 -9.0% $787 / Sq Ft
11/27/2024 11/27/24 Pending -- -- --
11/26/2024 11/26/24 Price Changed $1,099,000 -6.5% $865 / Sq Ft
11/14/2024 11/14/24 Price Changed $1,175,999 -5.9% $926 / Sq Ft
10/31/2024 10/31/24 Price Changed $1,249,999 -2.0% $984 / Sq Ft
09/14/2024 09/14/24 For Sale $1,275,000 -- $1,004 / 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 $10,584 $1,000,000 $700,000 $300,000
2024 $10,584 $959,343 $557,758 $401,585
2023 $10,298 $940,533 $546,822 $393,711
2022 $10,157 $922,092 $536,100 $385,992
2021 $10,010 $904,013 $525,589 $378,424
2020 $10,043 $894,744 $520,200 $374,544
2019 $10,109 $877,200 $510,000 $367,200
2018 $6,922 $610,000 $450,000 $160,000
2017 $4,955 $391,612 $197,973 $193,639
2016 $4,171 $383,935 $194,092 $189,843
2015 -- $378,169 $191,177 $186,992
2014 $4,828 $370,763 $187,433 $183,330
Source: Public Records

Agents Affiliated with this Home

  • Karen Fink

    Seller's Agent in 2024

    Karen Fink

    Compass

    (408) 461-1425

    1 in this area

    41 Total Sales

    Karen Fink
    Section Image
  • Rhonda Mohr

    Buyer's Agent in 2024

    Rhonda Mohr

    Sotheby’s International Realty

    (831) 293-4935

    2 in this area

    14 Total Sales

    Rhonda Mohr
    Section Image
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Map

Source: MLSListings

MLS Number: ML81978297

MLSListings

APN: 001-835-007-000

California Monterey County Monterey 93940 East Monterey

1186 3rd St, Monterey, CA

Not Listed for Sale

MultiFamily

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