NOT LISTED FOR SALE

129 15th St Pacific Grove, CA 93950

Estimated Value: $1,774,000 - $2,385,402

4 Beds
3 Baths
2,158 Sq Ft
$936/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $1,359,000 $630 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $12,406/month

62 Days on Market

Highlights

  • Bay View
  • Deck
  • High Ceiling
  • Robert Down Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Berwick Park

About This Home

As of May 2016

Almost like new--only 8+ yrs old. Just a short block to the Bay & close to downtown historic PG for shopping & dining. This outstanding, well designed duplex features a 2 story unit with 3 bedrooms/1.5 baths-1455 sq ft-with Bay view deck & attached two car garage. There is also a spacious 1 bedroom/1 bath unit, accessed by private back stairs, approximately 660 sq ft. with a covered parking space. Both units have vaulted ceilings in the living room, tall French doors & clerestory windows allow light to pour in. Both living rooms also feature a fireplace with marble surround & ample space for dining. There is a breakfast bar in the 1/1. The kitchens have gleaming stainless appliances, granite countertops,custom cabinets. The bathrooms in both units have granite vanity tops, tile floors. This beautiful structure offers fabulous investment income. Live in one, rent one or until you are ready for full time--then the 2 units could be easily combined to create a spectacular home!

Last Agent to Sell the Property

Peggy Jones

The Jones Group-Coast & Country Real Estate License #01299648 Listed on: 02/16/2016

Last Buyer's Agent

Linda Michaels

Premier Realty Associates License #01872760

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,826

Year Built

  • 2007

Lot Details

  • 4,922 Sq Ft Lot
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Secured Garage or Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,158 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Double Pane Windows
  • Bay Views
  • Fire Sprinkler System

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet
  • Low Flow Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $59,160

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,275
  • Insurance Expense $1,673
  • Other Expense $992
  • Utility Expense $613
  • Trash Expense $454
  • Operating Expense $15,869
  • Gross Income $59,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,826

Year Built

2007

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Age: 9
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2158
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2007

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Refrigerator
  • Living Sq Ft: 2158
  • Stories: 2
  • Security: Fire System - Sprinkler, Secured Garage / Parking
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Bay
  • Yard/Grounds: Deck, Low Maintenance, Sprinklers - Auto

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking, Varies By Unit
  • Carport Min: 1

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Inverted Floor Plan, Walk-In Closet

Schools

  • School District: Pacific Grove Unified
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Middle School: 561

Lot Info

  • Lot Acres: 0.1130
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4922.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4922.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Security Deposit
  • Gross Rent Multiplier: 23.58
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1673
  • Expense Landscape: 2275
  • Expenses Other: 992
  • Expenses Total: 15869
  • Expenses Utility: 613
  • Expense Trash: 454
  • Income Annual Gross: 59160.00
  • Income Annual Rental: 59160
  • Income Gross Scheduled: 59160
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2016
Closed on
May 11, 2016
Sold by
Enea Properties Company Llc
Bought by
Davis Robert W and The Robert W Davis Family Trust
Seller's Agent
Peggy Jones
The Jones Group-Coast & Country Real Estate
Buyer's Agent
Linda Michaels
Premier Realty Associates
List Price
$1,395,000
Sold Price
$1,359,000
Premium/Discount to List
-$36,000
-2.58%
Current Estimated Value
$2,019,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,467
Avg. Annual Appreciation
4.11%

Purchase Details

Closed on
Jan 15, 2010
Sold by
St Michael Investments Lp
Bought by
Enea Properties Company Llc

Purchase Details

Closed on
Dec 17, 2004
Sold by
St Michael Investments Lp
Bought by
St Michael Investments Lp

Purchase Details

Closed on
May 25, 2004
Sold by
Holman Building Associates Lp
Bought by
St Michael Investments
Source: Public Records

Range of Values:

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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
Davis Robert W $1,359,000 Chicago Title Company
Enea Properties Company Llc -- Accommodation
St Michael Investments Lp -- First American Title
St Michael Investments $550,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner St Michael Investments Lp $810,000
Previous Owner St Michael Investments Lp $969,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $1,359,000 -2.6% $630 / Sq Ft
04/19/2016 04/19/16 Pending -- -- --
02/16/2016 02/16/16 For Sale $1,395,000 -- $646 / 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 $16,826 $1,608,774 $947,036 $661,738
2024 $16,826 $1,577,230 $928,467 $648,763
2023 $17,064 $1,546,305 $910,262 $636,043
2022 $16,719 $1,515,986 $892,414 $623,572
2021 $16,635 $1,486,262 $874,916 $611,346
2020 $16,301 $1,471,023 $865,945 $605,078
2019 $15,783 $1,442,180 $848,966 $593,214
2018 $15,468 $1,413,903 $832,320 $581,583
2017 $15,217 $1,386,180 $816,000 $570,180
2016 $11,125 $987,334 $609,693 $377,641
2015 $10,141 $900,000 $525,000 $375,000
2014 $9,584 $850,000 $500,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81550991

MLSListings

APN: 006-182-015-000