NOT LISTED FOR SALE

1187 W Franklin St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $977,000 - $1,120,669

3 Beds
2 Baths
1,383 Sq Ft
$757/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $875,000 $633 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $5,989/month

2 Days on Market

Highlights

  • 2 Car Detached Garage
  • Eat-In Kitchen
  • 1-Story Property
  • Monterey High School Rated A
  • Forced Air Heating System

About This Home

As of May 2024

Great fixer opportunity. Three bedroom, two bathroom house in upper old town at the top of Franklin. Large yard. Detached two car garage is plumed for water and gas.

Last Agent to Sell the Property

Steve Cardinalli

Cardinalli Real Estate License #01739549 Listed on: 05/07/2024

Last Buyer's Agent

Kelvin Brown

Vanco Real Estate Executives License #01858137

Vanco Real Estate Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,951

Year Built

  • Built in 1944

Lot Details

  • 9,801 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,383 Sq Ft Home
  • 1-Story Property
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 001-252-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,951

Year Built

Built in 1944

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 80
  • Listing Class: Residential
  • Structure Sq Ft: 1383
  • Year Built: 1944
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Eat in Kitchen
  • Living Sq Ft: 1383
  • Stories: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter, Post and Pier
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-252-002-000
  • Lot Acres: 0.2250
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9800.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
May 10, 2024
Sold by
Aiello Family Trust and Aiello Salvatore J
Bought by
Huynh Tony and Ho Kimanh Thi
Seller's Agent
Steve Cardinalli
Cardinalli Real Estate
Buyer's Agent
Kelvin Brown
Vanco Real Estate Executives
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%
Views
6
Current Estimated Value
$1,046,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,667
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Apr 29, 2020
Sold by
Aiello Salvatore J and Aiello Sylvia A
Bought by
Aiello Salvatore J and Aiello Sylvia A

Purchase Details

Closed on
Jan 27, 2003
Sold by
Muir Kenneth T and Muir Victoria
Bought by
Aiello Salvatore J and Aiello Sylvia A
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
Huynh Tony $875,000 Old Republic Title Company
Aiello Salvatore J -- None Available
Aiello Salvatore J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aiello Sylvia A $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold $875,000 -2.8% $633 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $900,000 -- $651 / 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 $4,951 $892,500 $765,000 $127,500
2024 $4,951 $875,000 $750,000 $125,000
2023 $4,788 $433,062 $287,495 $145,567
2022 $4,723 $424,571 $281,858 $142,713
2021 $4,655 $416,247 $276,332 $139,915
2020 $4,480 $411,980 $273,499 $138,481
2019 $4,698 $403,903 $268,137 $135,766
2018 $4,513 $395,984 $262,880 $133,104
2017 $4,183 $388,221 $257,726 $130,495
2016 $4,109 $380,610 $252,673 $127,937
2015 $4,051 $374,894 $248,878 $126,016
2014 $3,982 $367,551 $244,003 $123,548
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Steve Cardinalli

    Cardinalli Real Estate

    (831) 375-0984

    3 in this area

    21 Total Sales

    Steve Cardinalli
    Section Image

  • K

    Buyer's Agent in 2024

    Kelvin Brown

    Vanco Real Estate Executives

    Section Image
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Map

Source: MLSListings

MLS Number: ML81964699

MLSListings

APN: 001-252-002-000

California Monterey County Monterey 93940 Old Town

1187 W Franklin St, Monterey, CA

This home is located at 1187 W Franklin St, Monterey, CA 93940 since 07 May 2024 and is currently estimated at $1,046,667, approximately $756 per square foot. This property was built in 1944. 1187 W Franklin St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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