NOT LISTED FOR SALE

Estimated Value: $1,229,000 - $1,385,000

0.11 Acre
$11,402,439 Price per Acre
5,001 Sq Ft Lot

Last Sold August 16, 2023

Last sale price $1,250,000 $580 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,409/month

864 Days on Market

Highlights

  • Ocean View
  • Monterey High School Rated A
  • 2-minute walk to Spray Ave. Tot Lot

About This Lot

As of August 2023

This a once-in-a-lifetime opportunity to purchase one of two lots available in this picturesque beachside community. Located steps from the sand on one of the most sought-after streets in the desirable Del Monte Beach neighborhood. Directly across from beach access and a quaint walking path. This lot is close to all the local amenities. Come and enjoy the Monterey beach lifestyle. Please read all agent remarks and contact the agent for questions.

Last Agent to Sell the Property

Cicily Sterling

The Agency License #01921334 Listed on: 02/05/2021

The Agency

Last Buyer's Agent

Mark Salcido

Keller Williams Property Team License #01404718

Keller Williams Property Team

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,403

Lot Details

  • 5,001 Sq Ft Lot
  • Lot Sloped Up
  • Mostly Level

Additional Features

  • Ocean Views
  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$13,403

Lot Details

0

Listing Details

  • Zoning: R 1
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: Design Review Required, Have Building Plans
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Sloped Up
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00
  • Soil: Sandy, Unknown
  • Parcel Access: Paved Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Aug 14, 2023
Sold by
Hoang Chi K
Bought by
Advanced Mc Holdings Llc
Seller's Agent
Cicily Sterling
The Agency
Buyer's Agent
Mark Salcido
Keller Williams Property Team
List Price
$1,525,000
Sold Price
$1,250,000
Premium/Discount to List
-$275,000
-18.03%
Total Days on Market
864
Views
83
Current Estimated Value
$1,309,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,000
Avg. Annual Appreciation
2.15%
Original Mortgage
$1,400,000
Outstanding Balance
$1,374,845
Interest Rate
6.81%
Mortgage Type
Construction
Estimated Equity
-$74,512

Purchase Details

Listed on
Mar 12, 2014
Closed on
May 5, 2014
Sold by
Burbank Russell K and Cedar Funding Inc
Bought by
Le Tuan N and Hoang Chi K
Seller's Agent
RECIP
Out of Area Office
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
May 1, 2013
Sold by
Frederick Carol P
Bought by
Burbank Russell and Bankruptcy Estate Of Cedar Fun

Purchase Details

Closed on
Feb 20, 2007
Sold by
Frederick Carol P
Bought by
Ultiprf
Source: Public Records

Range of Values:

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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
Advanced Mc Holdings Llc $1,250,000 Wfg National Title
Le Tuan N $550,000 First American Title Company
Burbank Russell $1,357,790 Lps Default Title & Closing
Ultiprf -- Financial Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Advanced Mc Holdings Llc $1,400,000
Previous Owner Ultiprf Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2023 08/16/23 Sold $1,250,000 -18.0% $580 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $1,525,000 +22.0% $707 / Sq Ft
02/24/2021 02/24/21 Off Market $1,250,000 -- --
02/05/2021 02/05/21 For Sale $1,100,000 +100.0% $510 / Sq Ft
05/20/2014 05/20/14 Sold $550,000 0.0% $255 / Sq Ft
04/29/2014 04/29/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $550,000 -- $255 / 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
2024 $13,403 $1,250,000 $1,250,000 --
2023 $7,027 $648,040 $648,040 $0
2022 $6,930 $635,334 $635,334 --
2021 $6,829 $622,877 $622,877 $0
2020 $6,569 $616,491 $616,491 $0
2019 $6,898 $604,403 $604,403 $0
2018 $6,620 $592,552 $592,552 $0
2017 $6,126 $580,934 $580,934 $0
2016 $6,017 $569,544 $569,544 $0
2015 -- $560,989 $560,989 $0
2014 -- $602,724 $602,724 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81828600

MLSListings

APN: 011-591-010-000