NOT LISTED FOR SALE

178 7th St Montara, CA 94037

Estimated Value: $1,292,000 - $1,757,864

2 Beds
2 Baths
2,800 Sq Ft
$558/Sq Ft Est. Value

Last Sold January 04, 2016

Last sale price $825,000 $295 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $9,641/month

100 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Tile Flooring
  • Deck
  • Balcony
  • 1-minute walk to Gray Whale Cove State Beach

About This Home

As of January 2016

Contemporary ocean view duplex. Zoned R2 & C1. Two legal one bedroom units with private patios and ocean views.Downstairs has an open floor plan with Italian polished concrete tiles in the kitchen. The living area has natural light and whitewashed floors creating a beach interior. Upstairs has the sense of peaceful ocean retreat. Key investment space. Architectural drawings available for building potential. Rear lot included. Charming home with so much potential. Lower unit rents for $2500-Upper unit-$1900.

Last Agent to Sell the Property

Taryn Smith

Corcoran Global Living License #01390002 Listed on: 08/08/2015

Last Buyer's Agent

Chad Elkin

Chad Mitchell Associates Inc. License #01426967

Property Details

Home Type

  • Multi-Family

Year Built

  • 1934

Lot Details

  • Kennel or Dog Run
  • Fenced
  • Drought Tolerant Landscaping
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Electric Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Concrete
  • Tile

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Heating Available

Community Details

Property Details

Home Type

Multi-Family

Year Built

1934

Lot Details

0

Listing Details

  • Subclass: Duplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Kitchen: Oven - Electric, Refrigerator
  • Living Sq Ft: 2800
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Concrete, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • View: Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Deck, Dog Run / Kennel, Drought Tolerant Plants, Fenced

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7637.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7637.00

Multi Family

  • Utilities: Public Utilities
  • Income Includes: Rents
  • Meters: Master Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Loan - Mortgage, Utilities - Electric, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2019
Sold by
Sandhu Jasbir
Bought by
Khimani Anish
Current Estimated Value
$1,546,465

Purchase Details

Closed on
Feb 2, 2018
Sold by
Sandhu Mandeep
Bought by
Sandhu Jasbir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2018
Sold by
Ridgegate Apartments Inc
Bought by
Sandhu Jasbir

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2015
Closed on
Dec 21, 2015
Sold by
Clement Michele
Bought by
Ridgegate Apartments Inc
Seller's Agent
Taryn Smith
Corcoran Global Living
Buyer's Agent
Chad Elkin
Chad Mitchell Associates Inc.
List Price
$899,000
Sold Price
$825,000
Premium/Discount to List
-$74,000
-8.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.57%

Purchase Details

Closed on
Feb 18, 1999
Sold by
Clement Jo Ann L and Clement Michele
Bought by
Clement Michele

Purchase Details

Closed on
Sep 25, 1997
Sold by
Bessie Marshall and Hanlay Milton Hanlay
Bought by
Gonzales Gia and Murphy John Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
10%
Mortgage Type
Purchase Money Mortgage
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
Khimani Anish -- Stewart Title Guaranty Co
Sandhu Jasbir -- Old Republic Title Co
Sandhu Jasbir $1,100,000 Old Republic Title Co
Ridgegate Apartments Inc $825,000 Old Republic Title Company
Clement Michele -- --
Clement Michele -- --
Gonzales Gia $220,000 Old Republic Title Ins Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandhu Jasbir $500,000
Previous Owner Gonzales Gia $165,000
Closed Gonzales Gia $11,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2016 01/04/16 Sold $825,000 -8.2% $295 / Sq Ft
11/16/2015 11/16/15 Pending -- -- --
08/08/2015 08/08/15 For Sale $899,000 -- $321 / 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 $18,656 $1,338,617 $572,705 $765,912
2023 $18,656 $1,286,639 $550,467 $736,172
2022 $17,838 $1,261,412 $539,674 $721,738
2021 $17,465 $1,236,680 $529,093 $707,587
2020 $17,444 $1,224,000 $523,668 $700,332
2019 $15,921 $1,122,000 $924,120 $197,880
2018 $11,920 $858,330 $676,260 $182,070
2017 $10,863 $841,500 $663,000 $178,500
2016 $5,909 $419,796 $258,235 $161,561
2015 $5,794 $413,492 $254,357 $159,135
2014 $5,903 $405,393 $249,375 $156,018
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    Taryn Smith

    Corcoran Global Living

  • C

    Buyer's Agent in 2016

    Chad Elkin

    Chad Mitchell Associates Inc.

See All Agents

Map

Source: MLSListings

MLS Number: ML81499094

MLSListings

APN: 036-054-140

California San Mateo County Montara 94037

178 7th St, Montara, CA

Not Listed for Sale

MultiFamily

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