Dani M. Wilcox
KW Coastal Estates
(831) 273-6963
55 Total Sales
2 in East Monterey
$550K - $1.3M Price Range
1221 5th St Monterey, CA 93940
East Monterey Neighborhood
5
Beds
5
Baths
2,145
Sq Ft
5,990
Sq Ft Lot
Highlights
- 3 Car Attached Garage
- Tile Flooring
- Forced Air Heating System
- Monterey High School Rated A
About This Home
As of August 2024Great investment opportunity to own a a tri-plex in a highly desirable rental area. Blessed with a great location that is close to NPS and downtown vacancies do not last long. Each unit has it's own garage. All apartments have washer dryer hookups and are on separate water meters. This property has been maintained well and will provide steady income.
Last Agent to Sell the Property
First City Real Estate, Inc. License #00874135 Listed on: 06/14/2024
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Property Details
Home Type
- Multi-Family
Year Built
- 1965
Lot Details
- 5,990
Parking
- 3 Car Attached Garage
Home Design
- 2,145 Sq Ft Home
- Triplex
- Wood Frame Construction
- Composition Roof
- Concrete Perimeter Foundation
Flooring
- Carpet
- Laminate
- Tile
- Slate Flooring
- Vinyl
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Additional Features
- Washer and Dryer Hookup
- 5,990 Sq Ft Lot
Listing and Financial Details
- Total Actual Rent $89,760
Community Details
Overview
Building Details
- 3 Leased Units
- Gardener Expense $1,500
- Insurance Expense $2,400
- Maintenance Expense $590
- Manager Expense $5,435
- Other Expense $440
- Utility Expense $1,896
- Operating Expense $25,796
- Gross Income $88,862
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 14, 2024
Closed on
Aug 5, 2024
Sold by
Meleyco Kenneth M
Bought by
Seller's Agent
Geary Engles
First City Real Estate, Inc.
Buyer's Agent
Michael Singh
Singh Real Estate
List Price
$1,695,000
Sold Price
$1,500,000
Premium/Discount to List
-$195,000
-11.5%
Views
35
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$881,727
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 27, 2024
Sold by
Meleyco Ann L
Bought by
Meleyco Kenneth N
Purchase Details
Closed on
May 7, 2014
Sold by
Meleyco Kenneth N and Meleyco Ann L
Bought by
Meleyco Kenneth and Meleyco Ann L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.35%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 20, 2003
Sold by
Perkins Robert T and Perkins Mara B
Bought by
Meleyco Kenneth N and Meleyco Ann L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,500
Interest Rate
4.75%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 5, 1999
Sold by
Romara Energy Inc
Bought by
Perkins Robert T and Perkins Mara B
Purchase Details
Closed on
Mar 4, 1997
Sold by
Rierson Rose Marie and Beavers Anita Jean
Bought by
Romara Energy Inc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in East Monterey, CA
-
Dani M. Wilcox
-
Dean Provence
Dean Provence
Responds QuicklySotheby’s International Realty
(831) 275-6442
71 Total Sales
8 in East Monterey
$124K - $3.3M Price Range
-
David Eakin
David Eakin
Carmel Valley Realty Company
(209) 314-1927
6 Total Sales
1 in East Monterey
$2,450,000 Price
-
Christian Haun
Christian Haun
Responds QuicklyeXp Realty of California Inc
(831) 264-0671
56 Total Sales
1 in East Monterey
$439,000 Price
-
Young Seon Myong
Young Seon Myong
Sotheby’s International Realty
(831) 574-2265
20 Total Sales
1 in East Monterey
$477,000 Price
-
Joe Gallagher
Joe Gallagher
Sotheby’s International Realty
(831) 250-1666
32 Total Sales
1 in East Monterey
$487,000 Price
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 |
|---|---|---|---|
| $1,500,000 | Old Republic Title | ||
| Meleyco Kenneth N | -- | First American Title | |
| Meleyco Kenneth | -- | Chicago Title Company | |
| Meleyco Kenneth N | -- | Chicago Title Company | |
| Meleyco Kenneth N | -- | Stewart Title | |
| Perkins Robert T | -- | -- | |
| Romara Energy Inc | $169,500 | Old Republic Title Company |
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 |
|---|---|---|---|
| Open | $900,000 | ||
| Previous Owner | Meleyco Kenneth N | $540,000 | |
| Previous Owner | Meleyco Kenneth | $417,000 | |
| Previous Owner | Meleyco Kenneth N | $609,000 | |
| Previous Owner | Meleyco Kenneth N | $615,500 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/15/2024 08/15/24 | Sold | $1,500,000 | -11.5% | $699 / Sq Ft |
| 07/02/2024 07/02/24 | Pending | -- | -- | -- |
| 06/14/2024 06/14/24 | For Sale | $1,695,000 | -- | $790 / Sq Ft |
Source: MLSListings
Tax 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.
| 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 |
|---|---|---|---|---|
| 2026 | $17,557 | $1,530,000 | $1,020,000 | $510,000 |
| 2025 | $13,944 | $1,500,000 | $1,000,000 | $500,000 |
| 2024 | $13,944 | $1,260,127 | $803,909 | $456,218 |
| 2023 | $13,535 | $1,235,420 | $788,147 | $447,273 |
| 2022 | $13,350 | $1,211,197 | $772,694 | $438,503 |
| 2021 | $13,157 | $1,187,449 | $757,544 | $429,905 |
| 2020 | $12,661 | $1,175,274 | $749,777 | $425,497 |
| 2019 | $12,694 | $1,100,000 | $550,000 | $550,000 |
| 2018 | $11,870 | $1,050,000 | $500,000 | $550,000 |
| 2017 | $9,794 | $915,000 | $400,000 | $515,000 |
| 2016 | $8,757 | $815,000 | $400,000 | $415,000 |
| 2015 | $8,078 | $750,000 | $350,000 | $400,000 |
| 2014 | $8,095 | $750,000 | $350,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
Geary Engles
GE
Seller's Agent in 2024
Geary Engles
First City Real Estate, Inc.
(831) 656-1214
1 in this area
7 Total Sales
-
Michael Singh
Buyer's Agent in 2024
Michael Singh
Singh Real Estate
(831) 261-1801
1 in this area
37 Total Sales
Map
Source: MLSListings
MLS Number: ML81969647
APN: 001-839-013
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