NOT LISTED FOR SALE

Estimated Value: $956,390 - $1,040,000

2 Beds
1 Bath
708 Sq Ft
$1,410/Sq Ft Est. Value

Last Sold November 08, 2024

Last sale price $955,000 $1,349 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,787/month

65 Days on Market

Highlights

  • Cottage
  • Laundry in Utility Room
  • Partial crossed fence
  • Monterey High School Rated A
  • Walk-in Shower
  • 4-minute walk to Monterey Scholze Park Center

About This Home

As of November 2024

Nestled in the heart of a prime commercial zone in the Cannery Row district of Monterey, this charming 1924 cottage offers a unique blend of historic allure and future development potential. With 2 bedrooms, 1 bath, and 708 sq ft of cozy living space, this property is perfect as a coastal retreat or an investment opportunity. Just a block from the Pacific Ocean, and a short walk to the iconic Monterey Bay Aquarium; the location is unbeatable. Water available with the property enables future expansion, making this a rare find. The mixed-use commercial zone allows for numerous development options. Surrounded by vibrant boutiques, exquisite dining, and the lively atmosphere of Cannery Row, this cottage is priced for an As-Is sale. Do not miss out on this rare opportunity in a premier destination.

Last Agent to Sell the Property

Robin Stelle

Coldwell Banker Realty License #01812100 Listed on: 08/16/2024

Coldwell Banker Realty

Last Buyer's Agent

Brianna Coulter

Sotheby’s International Realty License #02133228

Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • 2,749 Sq Ft Lot
  • Partial crossed fence
  • Level Lot
  • Zoning described as C-2

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 708 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Laundry in Utility Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Walk-in Shower

Parking

  • 1 Parking Space
  • Off-Street Parking

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 001-025-008-000

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Listing Class: Residential
  • Structure Sq Ft: 708
  • Year Built: 1924
  • Zoning Description: C-2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area
  • Living Sq Ft: 708
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom
  • Laundry: In Utility Room
  • Flooring: Carpet, Vinyl / Linoleum
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Stall Shower

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Fencing: Fenced, Partial Cross Fenced
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 001-025-008-000
  • Lot Acres: 0.0631
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2750.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Nov 7, 2024
Sold by
Patricia Lee Compton Family Trust and Compton David A
Bought by
Scott E Donaldson Living Trust and Donaldson
Seller's Agent
Robin Stelle
Coldwell Banker Realty
Buyer's Agent
Brianna Coulter
Sotheby’s International Realty
List Price
$1,100,000
Sold Price
$955,000
Premium/Discount to List
-$145,000
-13.18%
Views
130
Current Estimated Value
$998,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,195
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Jun 18, 2020
Sold by
Compton David Adrian and Compton Lisa Anne
Bought by
Compton David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2019
Sold by
Irrevocabl Baughman Jeanne R
Bought by
Compton David A

Purchase Details

Closed on
Mar 17, 2011
Sold by
Markham Juanita Rae
Bought by
Irrevocabl Baughman Jeanne R

Purchase Details

Closed on
Apr 25, 1997
Sold by
Markham Juanita
Bought by
Markham Juanita Rae
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
Scott E Donaldson Living Trust $955,000 Chicago Title
Scott E Donaldson Living Trust $955,000 Chicago Title
Compton David A -- Chicago Title Company
Compton David Adrian -- Chicago Title Company
Compton David A $580,000 Old Republic Title Co
Irrevocabl Baughman Jeanne R -- None Available
Markham Juanita Rae -- None Available
Markham Juanita Rae -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Compton David Adrian $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $955,000 -13.2% $1,349 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $1,100,000 -- $1,554 / 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 $6,879 $955,000 $700,000 $255,000
2024 $6,879 $955,000 $700,000 $255,000
2023 $6,680 $609,680 $525,588 $84,092
2022 $6,588 $597,727 $515,283 $82,444
2021 $6,493 $586,008 $505,180 $80,828
2020 $6,248 $580,000 $500,000 $80,000
2019 $649 $49,419 $43,520 $5,899
2018 $628 $48,451 $42,667 $5,784
2017 $587 $47,502 $41,831 $5,671
2016 $577 $46,571 $41,011 $5,560
2015 $570 $45,872 $40,395 $5,477
2014 $562 $44,974 $39,604 $5,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81977029

MLSListings

APN: 001-025-008-000