NOT LISTED FOR SALE

Estimated Value: $1,086,000 - $1,253,000

2 Beds
2 Baths
1,159 Sq Ft
$1,005/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $910,000 $785 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $6,910/month

27 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • Back Yard
  • Robert Down Elementary School Rated A
  • 2 Car Detached Garage
  • 1-Story Property

About This Home

As of July 2022

This charming Pacific Grove duplex is within blocks of the beach, restaurants, shops and top rated schools. With great income potential, these 1 bed and 1 bath units feature a spacious layout with original kitchen, bathroom, and hardwood floors. Each unit has it's own laundry hook-ups, a detached garage, and an additional off street parking space. There is a large shared back yard with plenty of room to garden, or sit and enjoy the sunshine.

Last Agent to Sell the Property

Jahre Carver

Monterey Coast Realty License #02081353 Listed on: 06/06/2022

Last Buyer's Agent

Annette Boggs

Above and Beyond Real Estate License #01317801

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 3,598 Sq Ft Lot
  • Mostly Level
  • Back Yard

Parking

  • 2 Car Detached Garage
  • Uncovered Parking
  • Assigned Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,159 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Gas Cooktop
  • Attic

Flooring

  • Wood
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $32,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Parking

2

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1159
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 1159
  • Stories: 1
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Attic

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Concrete, Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Detached Garage, Uncovered Parking

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • High School: 560

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0826
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 31.42
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Income Annual Gross: 32400.00
  • Income Annual Rental: 32400
  • Income Gross Scheduled: 32400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 5, 2022
Sold by
Conneau Family Trust
Bought by
Fung Darlene and Perry Marguerite
Seller's Agent
Jahre Carver
Monterey Coast Realty
Buyer's Agent
Annette Boggs
Above and Beyond Real Estate
List Price
$1,018,000
Sold Price
$910,000
Premium/Discount to List
-$108,000
-10.61%
Current Estimated Value
$1,164,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,328
Avg. Annual Appreciation
7.38%

Purchase Details

Closed on
Jul 25, 2019
Sold by
Conneau Ann M and Conneau Jeffrey
Bought by
Conneau Jeffrey M and Conneau Ann M

Purchase Details

Closed on
Apr 17, 2019
Sold by
Conneau Ann M
Bought by
Conneau Ann M and Conneau Jeffrey

Purchase Details

Closed on
Oct 24, 2000
Sold by
Springer 1992 Revocable Trust
Bought by
Springer Elizabeth M and Springer Family 1992 Trust B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
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

Purchase History

Date Buyer Sale Price Title Company
Fung Darlene $910,000 First American Title
Conneau Jeffrey M -- None Available
Conneau Ann M -- None Available
Springer Elizabeth M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $910,000 -10.6% $785 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $1,018,000 0.0% $878 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $1,018,000 -- $878 / 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 $9,923 $946,764 $520,200 $426,564
2024 $9,923 $928,200 $510,000 $418,200
2023 $10,068 $910,000 $500,000 $410,000
2022 $822 $910,000 $500,000 $410,000
2021 $817 $63,320 $21,907 $41,413
2020 $803 $62,672 $21,683 $40,989
2019 $780 $61,444 $21,258 $40,186
2018 $768 $60,241 $20,842 $39,399
2017 $757 $59,061 $20,434 $38,627
2016 $758 $57,904 $20,034 $37,870
2015 $747 $57,036 $19,734 $37,302
2014 $733 $55,920 $19,348 $36,572
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81895037

MLSListings

APN: 006-264-003-000