NOT LISTED FOR SALE

1620 Kimball Ave Seaside, CA 93955

Estimated Value: $1,137,000 - $1,377,000

6 Beds
4 Baths
2,758 Sq Ft
$467/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $1,190,000 $431 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $8,081/month

29 Days on Market

Highlights

  • Ocean View
  • 0.54 Acre Lot
  • 5 Car Attached Garage
  • Monterey High School Rated A
  • Contemporary Architecture
  • Storage Room

About This Home

As of October 2021

This property consists of two separate homes. The main property has Bay and City Lights view from upstairs. The large main home offers 4 Bedrooms, 3 baths and a 3 car garage. It is located in an excellent area of Seaside, and at the end of its own cul de sac for quietness. The second house is a charming 2 bedroom, 1 bath with a brick, semi-circle fireplace. There are 5 delineated extra parking spaces on the property, which can be used by both tenants. The road accessing the property is subject to a road agreement shared by the homeowners of said road.

Last Agent to Sell the Property

Victor Lourenco

Shankle Real Estate License #00522462 Listed on: 07/19/2021

Last Buyer's Agent

Kristy R. Cosmer & Trisha Hanson

Sotheby’s International Realty License #01727653

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,113

Year Built

  • 1976

Lot Details

  • 0.54 Acre Lot

Parking

  • 5 Car Attached Garage

Property Views

  • Ocean
  • City Lights

Home Design

  • Duplex
  • Contemporary Architecture
  • Flat Roof Shape
  • Wood Frame Construction
  • Rolled or Hot Mop Roof

Interior Spaces

  • 2,758 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Washer and Dryer Hookup
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $53,400

Community Details

Overview

  • 2,758 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $3,090
  • Insurance Expense $1,864
  • Maintenance Expense $1,199
  • Operating Expense $12,953
  • Gross Income $51,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,113

Year Built

1976

Lot Details

0

Parking

5

Listing Details

  • Zoning: Residential
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 45
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2758
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Living Sq Ft: 2758
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Crawl Space, Wood Frame
  • Roof: Flat / Low Pitch, Rolled Composition
  • View: City Lights, Ocean

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer In Street

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.5400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 23522.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 23522.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 24.34
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1864
  • Expense Landscape: 3090
  • Expense Maintenance: 1199
  • Expenses Total: 12953
  • Income Annual Gross: 51798.00
  • Income Annual Rental: 53400
  • Income Gross Scheduled: 53400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Oct 5, 2021
Sold by
Sanghavi Swapnesh H and Sanghavi Shefaali
Bought by
Hwang Ted Chi Che and Chen Shang Wei
Seller's Agent
Victor Lourenco
Shankle Real Estate
Buyer's Agent
Kristy R. Cosmer & Trisha Hanson
Sotheby’s International Realty
List Price
$1,300,000
Sold Price
$1,190,000
Premium/Discount to List
-$110,000
-8.46%
Current Estimated Value
$1,286,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,902
Avg. Annual Appreciation
1.99%
Original Mortgage
$750,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 27, 2002
Sold by
Sanghavi Swapnesh H
Bought by
Sanghavi Swapnesh H and Sanghavi Shefaali S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,000
Interest Rate
5.5%

Purchase Details

Closed on
Jan 30, 2001
Sold by
Sanghavi Shefaali S
Bought by
Sanghavi Swapnesh H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,800
Interest Rate
6.5%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Maximov Ilco and Maximov Gertrud
Bought by
Sanghavi Swapnesh H and Sanghavi Shepaali S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
2.9%
Source: Public Records

Range of Values:

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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
Hwang Ted Chi Che $1,190,000 Chicago Title Company
Sanghavi Swapnesh H -- First American Title
Sanghavi Swapnesh H -- Old Republic Title
Sanghavi Swapnesh H $445,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hwang Ted Chi Che $750,000
Previous Owner Sanghavi Swapnesh H $382,000
Previous Owner Sanghavi Swapnesh H $387,800
Previous Owner Sanghavi Swapnesh H $356,000
Closed Sanghavi Swapnesh H $44,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2021 10/14/21 Sold $1,190,000 -8.5% $431 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $1,300,000 -- $471 / 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 $15,113 $1,262,837 $530,604 $732,233
2024 $15,113 $1,238,076 $520,200 $717,876
2023 $14,500 $1,213,800 $510,000 $703,800
2022 $13,097 $1,190,000 $500,000 $690,000
2021 $7,065 $1,190,000 $500,000 $690,000
2020 $6,800 $625,373 $210,796 $414,577
2019 $7,133 $613,112 $206,663 $406,449
2018 $6,851 $601,091 $202,611 $398,480
2017 $6,350 $589,306 $198,639 $390,667
2016 $6,238 $577,752 $194,745 $383,007
2015 $6,150 $569,074 $191,820 $377,254
2014 $6,046 $557,928 $188,063 $369,865
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2021

    Victor Lourenco

    Shankle Real Estate

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Map

Source: MLSListings

MLS Number: ML81854312

MLSListings

APN: 012-422-026-000

California Monterey County Seaside 93955

1620 Kimball Ave, Seaside, CA

This home is located at 1620 Kimball Ave, Seaside, CA 93955 since 19 July 2021 and is currently estimated at $1,286,902, approximately $466 per square foot. This property was built in 1976. 1620 Kimball Ave is a home located in Monterey County with nearby schools including Del Rey Woods Elementary School, Monte Vista Elementary School, and Monterey High School.

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