NOT LISTED FOR SALE

Estimated Value: $2,404,797 - $2,749,000

3 Beds
2 Baths
1,524 Sq Ft
$1,706/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $1,772,500 $1,163 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $15,132/month

27 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • 2 Fireplaces
  • Carmel River Elementary School Rated A
  • Wood Flooring
  • High Ceiling

About This Home

As of November 2020

Located in the prestigious Yankee Point neighborhood in Carmel Highlands, this spacious 3 bedroom/2 bathroom home enjoys exquisite views of the ocean and Yankee Point/Otter Cove through its large southwest facing windows. 19-foot ceilings and skylights throughout provide a light and bright feel, and comfortable indoor/outdoor living spaces allow for the ideal Carmel lifestyle so many are actively seeking. Notable features include lovingly manicured gardens with meandering paths, a home office, hot tub, detached finished garage with preliminary plans for a guest house, and 3 ocean view balconies perfect for spotting whales, watching sunsets, and the distant procession of squid-boats at night. Just a short scenic stroll to two rarely used, pristine beaches, and a 10-minute drive to all the shops and restaurants in Carmel, this wonderful retreat is ready for its new owners to enjoy for years to come.

Last Agent to Sell the Property

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 09/08/2020

Coldwell Banker Realty

Last Buyer's Agent

Srividya Shankar

Compass License #01906289

Compass

Home Details

Home Type

  • Single Family

Year Built

  • 1988

Lot Details

  • 0.39

Parking

  • 2 Car Garage
  • Guest Parking

Property Views

  • Ocean
  • Skyline

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,524 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Skylights
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Formal Entry
  • Wine Cellar
  • Separate Family Room
  • Dining Room

Kitchen

  • Built-In Oven
  • Gas Oven

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Propane
  • Septic Tank

Additional Features

  • Balcony
  • 0.39 Acre Lot

Home Details

Home Type

Single Family

Year Built

1988

Lot Details

0

Parking

2

Listing Details

  • Zoning: LDR/1-D(26)(CZ)
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1524
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Starter, Wood Burning
  • Dining Room: Dining Area, No Formal Dining Room
  • Kitchen: Oven - Built-In, Oven - Electric, Oven Range - Gas, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1524
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Stone
  • Additional Rooms: Formal Entry, Laundry Room, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Skylight, Stall Shower, Tub

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Ocean, Water
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Detached Garage, Guest / Visitor Parking, Room For Oversized Vehicle

Utilities

  • Heating System: Central Forced Air, Propane
  • Sewer/Septic System: Septic Tank / Pump

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Skylight, Walk-In Closet

Lot Info

  • Lot Acres: 0.3857
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 16800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 16800.00

Multi Family

  • Utilities: Propane On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2021
Sold by
Chandrashekhar Shaji
Bought by
Chandrashekhar Shaji and Chandrashekhar Living Trust
Current Estimated Value
$2,600,699

Purchase Details

Listed on
Sep 8, 2020
Closed on
Nov 11, 2020
Sold by
Davis Stephen P and Davis Yolanda
Bought by
Chandrashekhar Shaji
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Srividya Shankar
Compass
List Price
$1,795,000
Sold Price
$1,772,500
Premium/Discount to List
-$22,500
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$1,418,000
Outstanding Balance
$1,261,819
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,338,880

Purchase Details

Closed on
Apr 3, 2006
Sold by
Earhart Michael J and The Michael Earhart Living Tru
Bought by
Davis Stephen P and Davis Yolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 10, 2003
Sold by
Gullard J Michael and Gullard Pamela K
Bought by
Earhart Michael J and Castro Lawrence E

Purchase Details

Closed on
Dec 20, 2001
Sold by
Gullard J Michael and Gullard Pamela K
Bought by
Gullard J Michael and Gullard Pamela K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Chandrashekhar Shaji -- None Available
Chandrashekhar Shaji $1,772,500 Chicago Title Company
Davis Stephen P $1,530,000 First American Title Co
Earhart Michael J $1,018,000 First American Title
Gullard J Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandrashekhar Shaji $1,418,000
Previous Owner Davis Stephen P $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $1,772,500 -1.3% $1,163 / Sq Ft
10/06/2020 10/06/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $1,795,000 -- $1,178 / 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 $19,527 $1,918,608 $1,298,917 $619,691
2024 $19,527 $1,880,990 $1,273,449 $607,541
2023 $19,425 $1,844,109 $1,248,480 $595,629
2022 $18,785 $1,807,950 $1,224,000 $583,950
2021 $18,599 $1,772,500 $1,200,000 $572,500
2020 $21,005 $2,032,007 $1,249,607 $782,400
2019 $20,602 $1,992,164 $1,225,105 $767,059
2018 $20,218 $1,953,103 $1,201,084 $752,019
2017 $19,799 $1,914,808 $1,177,534 $737,274
2016 $19,484 $1,877,264 $1,154,446 $722,818
2015 -- $1,384,000 $851,000 $533,000
2014 -- $1,451,000 $892,000 $559,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81809799

MLSListings

APN: 243-153-003-000