M
Seller's Agent in 2021
Mike Miller
Monterey Coast Realty
1501 David Ave Monterey, CA 93940
New Monterey NeighborhoodEstimated Value: $1,090,000 - $1,362,000
3
Beds
2
Baths
1,404
Sq Ft
$859/Sq Ft
Est. Value
Highlights
- Bay View
- Wood Flooring
- 1 Car Attached Garage
- Monterey High School Rated A
- Formal Dining Room
- Breakfast Bar
About This Home
As of July 2021This classic, single-level ranch is situated on a spacious corner lot with peeks of Monterey Bay. Lovingly maintained by its long-time owner, this charming 1404sf home is ready for your inspired renewal. Located in a desirable New Monterey neighborhood, the home is centrally located to all the Peninsulas amenities. The 5600sf lot allows for further expansion should one aspire to add to the current 3bd/2ba timeless footprint. The open kitchen is roomy and flows seamlessly into a large dining area, living room with sit-up bar & back patio for indoor/outdoor entertaining. Great light shines through large windows filling the house with warmth. A fenced, low maintenance backyard is great for relaxing in the sun, while the front-yard offers many possibilities for the aspiring gardener. Other highlights include a large gas fireplace, oversized 1-car garage, newer composite roof & gas heater. Come get inspired by the opportunity to renew this gem with the fresh, sophistication of today.
Last Agent to Sell the Property
Mike Miller
Monterey Coast Realty License #01889700 Listed on: 05/17/2021
Co-Listed By
Linda Miller
Carmel Realty Company License #01833714
Home Details
Home Type
- Single Family
Year Built
- 1963
Lot Details
- 5,602 Sq Ft Lot
- Northwest Facing Home
- Fenced
- Mostly Level
Parking
- 1 Car Attached Garage
Property Views
- Bay
- Neighborhood
Home Design
- Pillar, Post or Pier Foundation
- Composition Roof
- Stucco
Interior Spaces
- 1,404 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Separate Family Room
- Formal Dining Room
Kitchen
- Breakfast Bar
- Electric Oven
- Electric Cooktop
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
- 2 Full Bathrooms
- Bathtub with Shower
- Walk-in Shower
Laundry
- Laundry in Utility Room
- Washer and Dryer
Outdoor Features
- Shed
Utilities
- Forced Air Heating System
- Separate Meters
- Individual Gas Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 17, 2021
Closed on
Jul 13, 2021
Sold by
Lal Bidya Mati and The Jai Lal And Bidya Lal Fami
Bought by
Gallagher Rose Dawn and Gallagher Joseph Patrick
Seller's Agent
Mike Miller
Monterey Coast Realty
Buyer's Agent
Joe Gallagher
Sotheby’s International Realty
List Price
$945,000
Sold Price
$879,750
Premium/Discount to List
-$65,250
-6.9%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$325,998
Avg. Annual Appreciation
7.36%
Original Mortgage
$579,000
Outstanding Balance
$525,353
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$680,395
Purchase Details
Closed on
Apr 14, 2016
Sold by
Lal Bidya Mati and Jai Lal & Bidya Lal Family Tru
Bought by
Lal Lal Bidya Mati Bidya Mati and Lal Jai
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.59%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Apr 7, 1998
Sold by
Lal Jai and Lal Bidya
Bought by
Lal Jai and Lal Bidya Mati
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.07%
Purchase Details
Closed on
Mar 7, 1996
Sold by
Lal Jai and Lal Bidya
Bought by
Lal Jai and Lal Bidya Mati
Purchase Details
Closed on
Dec 18, 1991
Sold by
Lal Jai and Lal Bidya
Bought by
Lal Jai and Lal Bidya
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gallagher Rose Dawn | $880,000 | Chicago Title Company | |
| Lal Lal Bidya Mati Bidya Mati | -- | First American Title | |
| Lal Jai | -- | First American Title | |
| Lal Jai | -- | -- | |
| Lal Jai | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gallagher Rose Dawn | $579,000 | |
| Previous Owner | Lal Lal Bidya Mati Bidya Mati | $938,250 | |
| Previous Owner | Lal Jai | $108,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/19/2021 07/19/21 | Sold | $879,750 | -1.7% | $627 / Sq Ft |
| 06/17/2021 06/17/21 | Pending | -- | -- | -- |
| 06/03/2021 06/03/21 | Price Changed | $895,000 | -5.3% | $637 / Sq Ft |
| 05/17/2021 05/17/21 | For Sale | $945,000 | -- | $673 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $10,019 | $933,596 | $488,155 | $445,441 |
| 2024 | $10,019 | $915,291 | $478,584 | $436,707 |
| 2023 | $9,805 | $897,345 | $469,200 | $428,145 |
| 2022 | $9,670 | $879,750 | $460,000 | $419,750 |
| 2021 | $3,110 | $879,750 | $460,000 | $419,750 |
| 2020 | $2,995 | $272,064 | $111,423 | $160,641 |
| 2019 | $3,138 | $266,731 | $109,239 | $157,492 |
| 2018 | $3,016 | $261,502 | $107,098 | $154,404 |
| 2017 | $2,798 | $256,376 | $104,999 | $151,377 |
| 2016 | $2,749 | $251,350 | $102,941 | $148,409 |
| 2015 | $2,636 | $247,575 | $101,395 | $146,180 |
| 2014 | $2,591 | $242,726 | $99,409 | $143,317 |
Source: Public Records
Agents Affiliated with this Home
-
-
L
Seller Co-Listing Agent in 2021
Linda Miller
Carmel Realty Company
-
Joe Gallagher
Buyer's Agent in 2021
Joe Gallagher
Sotheby’s International Realty
(831) 917-1631
6 in this area
42 Total Sales
Map
Source: MLSListings
MLS Number: ML81844261
APN: 001-177-004-000
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