NOT LISTED FOR SALE
4 Beds
3 Baths
2,074 Sq Ft
3,202 Sq Ft Lot

Sale Details

Date Sold: July 24, 2023

Last sale price $1,250,000 $603 Per Sq Ft

49 Days on Market

Highlights

  • Park or Greenbelt View
  • Forced Air Heating System
  • Carpet
  • Robert Down Elementary School Rated A
  • Washer and Dryer
  • 1-minute walk to Caledonia Park

About This Home

As of July 2023

Ever dreamed of having a place of your own in Pacific Grove as a full-time residence or a weekend getaway? Here is your chance to own a home across the street from a quintessential small town park that looks like it was pulled from the pages of a book about charming Pacific Grove. The original Victorian houses two units plus s a detached unit in the back for a total of 3 units. Live in one unit and rent the other two or explore other options. Enjoy peeks of the water and the perfect location just steps from downtown and a couple blocks to the beach. Start planning your holiday card "From Beautiful Pacific Grove . . ."

Last Agent to Sell the Property

Amber Russell

Over the Moon Realty, Inc License #01795810 Listed on: 05/11/2023

Last Buyer's Agent

Justin McNabb

KW Thrive Santa Cruz License #01928930

KW Thrive Santa Cruz
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 3,202

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Permanent Foundation
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,074 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Oven or Range
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 3,202 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $47,029

Community Details

Overview

  • 2,074 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $900
  • Insurance Expense $3,088
  • Maintenance Expense $75
  • Utility Expense $2,299
  • Trash Expense $1,201
  • Operating Expense $8,230
  • Gross Income $47,029

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

3,202 Sq Ft Lot

Listing Details

  • Zoning: R-3-PGR
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2074
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Kitchen: Oven Range, Varies By Unit
  • Living Sq Ft: 2074
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Permanent, Raised
  • Roof: Composition
  • View: Park

Garage/Parking

  • Garage Parking Features: On Street

Utilities

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

Lot Info

  • Lot Acres: 0.0735
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.58
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3088
  • Expense Landscape: 900
  • Expense Maintenance: 75
  • Expenses Total: 8230
  • Expenses Utility: 2299
  • Expense Trash: 1201
  • Income Annual Gross: 47029.00
  • Income Annual Rental: 47029
  • Income Gross Scheduled: 47029
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

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
May 11, 2023
Closed on
Jul 17, 2023
Sold by
Bought by
Seller's Agent
Amber Russell
Over the Moon Realty, Inc
Buyer's Agent
Justin McNabb
KW Thrive Santa Cruz
List Price
$1,498,000
Sold Price
$1,250,000
Premium/Discount to List
-$248,000
-16.56%
Views
263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 8, 2021
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Old Republic Title Company
$1,250,000 Old Republic Title Company
-- None Available
-- --
-- --
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 $800,000
Closed $920,000
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
07/24/2023 07/24/23 Sold $1,250,000 0.0% $603 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/19/2023 06/19/23 Price Changed $1,250,000 -16.6% $603 / Sq Ft
06/10/2023 06/10/23 For Sale $1,498,000 0.0% $722 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,498,000 -- $722 / 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 $14,055 $1,301,400 $884,340 $417,060
2025 $13,380 $1,275,900 $867,000 $408,900
2024 $13,380 $1,250,000 $850,000 $400,000
2023 $683 $1,250,000 $850,000 $400,000
2022 $671 $46,906 $18,725 $28,181
2021 $668 $45,987 $18,358 $27,629
2020 $657 $46,416 $18,170 $28,246
2019 $640 $45,524 $17,814 $27,710
2018 $632 $44,650 $17,465 $27,185
2017 $623 $43,793 $17,123 $26,670
2016 $624 $42,953 $16,788 $26,165
2015 $615 $42,322 $16,536 $25,786
2014 $604 $41,512 $16,213 $25,299
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81927139

MLSListings

APN: 006-145-007

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