NOT LISTED FOR SALE

1241 2nd St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $871,662 - $1,410,000

4 Beds
2 Baths
1,256 Sq Ft
$846/Sq Ft Est. Value

Last Sold September 23, 2014

Last sale price $679,000 $541 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,256/month

30 Days on Market

Highlights

  • Neighborhood Views
  • Cottage
  • Eat-In Kitchen
  • La Mesa Elementary School Rated A-
  • Breakfast Room
  • Tile Flooring

About This Home

As of September 2014

Two charming,legal rentals, separately metered, in desired and sunny Oak Grove neighborhood. Live in one and rent the other or rent both! Both units, newly painted and tastefully refreshed, boasting new flooring, appliances, lighting, window shades and bathroom amenities. Laundry inside both units. Off street parking is a bonus. Ideally located and minutes to beach, wharf and town.

Last Agent to Sell the Property

Olga Menendez

Alain Pinel Realtors License #70005802 Listed on: 07/21/2014

Last Buyer's Agent

Mark Ryan

Coldwell Banker Realty License #70000270

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1915

Lot Details

  • Fenced
  • Level Lot
  • Zoning described as R-3-6

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,256 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Breakfast Room
  • Dining Room
  • Utility Room
  • Neighborhood Views
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Barbecue Area

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-825-012

Home Details

Home Type

Single Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage/Bungalow
  • Sale Price Per Sq Ft: 540.61
  • Listing Class: Residential
  • Structure Sq Ft: 1256
  • Incorporated: Yes
  • Map Book Page: 81
  • Map Side Coordinate: 4
  • Map Top Coordinate: C
  • Thomas Bros Page: 81
  • Thomas Brothers: C4
  • Year Built: 1915
  • Zoning Description: R-3-6
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Dining Room: No Formal Dining Room, Breakfast Room, Eat in Kitchen
  • Kitchen: Dishwasher, Oven Range
  • Living Sq Ft: 1256
  • Stories: 1
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Carpet - Area, Tile, Laminate
  • Additional Rooms: Utility Room, Basement - Partial
  • Maximum Bathrooms: 2
  • Minimum Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: BBQ Area, Fenced

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s)

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 001-825-012
  • List Price per Sq Ft: 540.61
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4000.00
  • Lot Size Area Min Search: 4000.00
  • Maximum Lot Size: 4000.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2015
Sold by
Palumbi Stephen R and Roberts Mary L
Bought by
Roberts Palumbi Living Trust
Current Estimated Value
$1,062,166

Purchase Details

Listed on
Jul 21, 2014
Closed on
Sep 11, 2014
Sold by
Ives Frances I and The Dominic Lazzarino Living T
Bought by
Palumbi Stephen R and Roberts Mary L
Seller's Agent
Olga Menendez
Alain Pinel Realtors
Buyer's Agent
Mark Ryan
Coldwell Banker Realty
List Price
$679,000
Sold Price
$679,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$479,000
Outstanding Balance
$366,163
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$696,003

Purchase Details

Closed on
Apr 3, 2013
Sold by
Ives Frances I and The Dominic N Lazzarino Living
Bought by
Ives Frances I

Purchase Details

Closed on
Nov 13, 1998
Sold by
Lazzarino Dominic
Bought by
Lazzarino Dominic and Dominic Lazzarino Trust
Source: Public Records
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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
Roberts Palumbi Living Trust -- None Available
Palumbi Stephen R $679,000 First American Title Company
Ives Frances I -- None Available
Lazzarino Dominic -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbi Stephen R $479,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2014 09/25/14 Off Market $679,000 -- --
09/23/2014 09/23/14 Sold $679,000 0.0% $541 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
08/20/2014 08/20/14 Off Market $679,000 -- --
08/11/2014 08/11/14 For Sale $679,000 0.0% $541 / Sq Ft
08/07/2014 08/07/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $679,000 -- $541 / 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 $8,879 $816,046 $600,920 $215,126
2024 $8,879 $800,046 $589,138 $210,908
2023 $8,611 $784,360 $577,587 $206,773
2022 $8,493 $768,981 $566,262 $202,719
2021 $8,370 $753,904 $555,159 $198,745
2020 $8,055 $746,175 $549,467 $196,708
2019 $8,452 $731,545 $538,694 $192,851
2018 $8,115 $717,202 $528,132 $189,070
2017 $7,518 $703,140 $517,777 $185,363
2016 $7,385 $689,354 $507,625 $181,729
2015 -- $679,000 $500,000 $179,000
2014 $1,239 $105,073 $27,904 $77,169
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2014

    Olga Menendez

    Alain Pinel Realtors

    Section Image

  • M

    Buyer's Agent in 2014

    Mark Ryan

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81426327

MLSListings

APN: 001-825-012-000

California Monterey County Monterey 93940 East Monterey

1241 2nd St, Monterey, CA

Not Listed for Sale

Detached

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