NOT LISTED FOR SALE

1252 5th St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $966,000 - $1,229,000

4 Beds
2 Baths
1,550 Sq Ft
$713/Sq Ft Est. Value

Last Sold January 06, 2015

Last sale price $620,000 $400 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,426/month

94 Days on Market

Highlights

  • Neighborhood Views
  • Level Lot
  • 1-Story Property
  • La Mesa Elementary School Rated A-
  • Wall to Wall Carpet

About This Home

As of January 2015

Super clean Oak Grove neighborhood duplex with two 2 bedroom, 1 bath units, each with great rental history. Each unit features an modern open kitchen design with built in appliances, in unit laundry, off street parking with a carport and are walking distance to the NPS, Downtown and the beach

Last Agent to Sell the Property

Monterey Peninsula Home Team

Coldwell Banker Realty License #70000352 Listed on: 08/08/2014

Coldwell Banker Realty

Last Buyer's Agent

Judy Midgley

Sotheby’s International Realty License #00645017

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • Level Lot

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $28,680
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 1,550 Sq Ft Building

Building Details

  • Gardener Expense $840
  • Insurance Expense $702
  • Maintenance Expense $1,260
  • Manager Expense $1,515
  • Trash Expense $428
  • Operating Expense $7,751
  • Gross Income $28,680

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

4,008 Sq Ft Lot

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1550
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 1550
  • Stories: 1
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • 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

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 21.79

Multi Family

  • Expense Insurance: 702
  • Expense Landscape: 840
  • Expense Maintenance: 1260
  • Expense Management: 1515
  • Expenses Total: 7751
  • Expense Trash: 428
  • Expense Water Sewer: 518
  • Income Annual Gross: 28680.00
  • Income Annual Rental: 28680
  • Income Gross Scheduled: 28680
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Fee - Property Management, Fee - Property Tax, Services - Sewer, Supplies, Miscellaneous/Other
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2016
Sold by
Young Charles T and Young Debbra
Bought by
The Young Revocable Trust 2005
Current Estimated Value
$1,104,745

Purchase Details

Listed on
Aug 8, 2014
Closed on
Dec 16, 2014
Sold by
Cutino Orazio Raymond P and The Orazio Raymond P Cutino Li
Bought by
Young Charles T and Young Debbra
Seller's Agent
Monterey Peninsula Home Team
Coldwell Banker Realty
Buyer's Agent
Judy Midgley
Sotheby’s International Realty
List Price
$645,000
Sold Price
$620,000
Premium/Discount to List
-$25,000
-3.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$465,000
Outstanding Balance
$356,712
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$748,033

Purchase Details

Closed on
May 10, 2012
Sold by
Cutino Orazio P
Bought by
Cutino Orazio Raymond P and Orazio Raymond P Cutino Living

Purchase Details

Closed on
Sep 9, 2011
Sold by
Cutino Arnold Jeannette R and Cutino John P
Bought by
Cutino Orazio P

Purchase Details

Closed on
Jan 6, 2011
Sold by
Cutino Orazio P
Bought by
Cutino Orazio Raymond P and Orazio Raymond P Cutino Living

Purchase Details

Closed on
Sep 6, 2006
Sold by
Cutino Catherina and Cutino Family Trust
Bought by
Cutino Catherina P and Cutino John P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
The Young Revocable Trust 2005 -- None Available
Young Charles T $620,000 Chicago Title
Cutino Orazio Raymond P -- None Available
Cutino Orazio P -- None Available
Cutino Orazio Raymond P -- None Available
Cutino Catherina P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Charles T $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2015 01/06/15 Sold $620,000 -3.9% $400 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
08/08/2014 08/08/14 For Sale $645,000 -- $416 / 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 $8,135 $745,140 $480,737 $264,403
2024 $8,135 $730,530 $471,311 $259,219
2023 $7,874 $716,207 $462,070 $254,137
2022 $7,766 $702,164 $453,010 $249,154
2021 $7,654 $688,397 $444,128 $244,269
2020 $7,367 $681,340 $439,575 $241,765
2019 $7,729 $667,981 $430,956 $237,025
2018 $7,422 $654,884 $422,506 $232,378
2017 $6,876 $642,044 $414,222 $227,822
2016 $6,754 $629,455 $406,100 $223,355
2015 -- $233,216 $101,395 $131,821
2014 $2,543 $228,648 $99,409 $129,239
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Monterey Peninsula Home Team

    Coldwell Banker Realty

    Section Image

  • J

    Buyer's Agent in 2015

    Judy Midgley

    Sotheby’s International Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81428933

MLSListings

APN: 001-843-014-000

California Monterey County Monterey 93940 East Monterey

1252 5th St, Monterey, CA

Not Listed for Sale

MultiFamily

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