NOT LISTED FOR SALE

201 Dunecrest Ave Monterey, CA 93940

Del Monte Beach Neighborhood
8 Beds
7 Baths
4,000 Sq Ft
7,092 Sq Ft Lot

Last Sold March 22, 2022

Last sale price $3,277,000 $819 Per Sq Ft

7 Days on Market

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • 2-minute walk to Spray Ave. Tot Lot
  • Monterey High School Rated A
  • Carpet

About This Home

As of March 2022

LOCATION-LOCATION-LOCATION! Completely renovated 4-plex with permits and ocean views in the Del Monte Beach neighborhood. Steps from the sand/surf/walking-bike trail leading to downtown Monterey / Cannery Row, Restaurants, shops, brewery's! All 4 units have,-brand-new flooring, appliances, lighting, Milgard windows/sliders, bathrooms and kitchens cabinets with soft closing doors/drawers, cortz countertops in all kitchens and bathrooms, interior and exterior paint. each units has its own washer/dryer hook ups(NOT SHARED). Each unit has a 1 car garage space.

Last Agent to Sell the Property

Jerid K. Kiedrowski

Christie's International Real Estate Sereno License #01442064 Listed on: 02/04/2022

Christie's International Real Estate Sereno

Last Buyer's Agent

Michele Altman

Sotheby’s International Realty License #01310623

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 7,092

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 7,092 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $153,600

Community Details

Overview

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $6,000
  • Maintenance Expense $4,608
  • Manager Expense $7,680
  • Operating Expense $50,233
  • Gross Income $148,992

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0

Parking

4

Listing Details

  • Zoning: RM3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Living Sq Ft: 4000
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1628
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7092.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7092.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 18.20

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 6000
  • Expense Landscape: 1200
  • Expense Maintenance: 4608
  • Expense Management: 7680
  • Expenses Total: 50233
  • Income Annual Gross: 148992.00
  • Income Annual Rental: 153600
  • Income Gross Scheduled: 153600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Vacancy Factor: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2022 03/22/22 Sold $3,277,000 +17.2% $819 / Sq Ft
02/12/2022 02/12/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $2,795,000 -- $699 / 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 $37,098 $3,478,777 $1,273,449 $2,205,328
2024 $37,098 $3,409,390 $1,248,480 $2,160,910
2023 $36,347 $3,342,540 $1,224,000 $2,118,540
2022 $19,021 $3,277,000 $1,200,000 $2,077,000
2021 $3,422 $1,695,000 $500,000 $1,195,000
2020 $3,298 $290,453 $80,328 $210,125
2019 $3,450 $284,782 $78,753 $206,029
2018 $3,320 $279,222 $77,209 $202,013
2017 $3,087 $273,772 $75,696 $198,076
2016 $3,035 $268,428 $74,212 $194,216
2015 $2,994 $264,415 $73,098 $191,317
2014 $2,946 $259,260 $71,667 $187,593
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jerid K. Kiedrowski

    Sereno Group

    Section Image
  • Michele Altman

    Buyer's Agent in 2022

    Michele Altman

    Sotheby’s International Realty

    (831) 214-2545

    1 in this area

    32 Total Sales

    Michele Altman
    Section Image
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Map

Source: MLSListings

MLS Number: ML81877090

MLSListings

APN: 011-441-022

California Monterey County Monterey 93940 Del Monte Beach

201 Dunecrest Ave, Monterey, CA

Not Listed for Sale

MultiFamily

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