NOT LISTED FOR SALE

208 Pine Ave Pacific Grove, CA 93950

Estimated Value: $1,127,000 - $1,381,000

2 Beds
2 Baths
1,479 Sq Ft
$836/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $1,014,000 $686 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $7,667/month

14 Days on Market

Highlights

  • Wood Flooring
  • Tile Countertops
  • Ceiling Fan
  • Robert Down Elementary School Rated A
  • Shed
  • Washer and Dryer

About This Home

As of October 2021

This centrally located PG duplex boasts 740Sq Ft per unit on a 3600Sq Ft Lot. These 1-bedroom / 1-bath units feature oversized living room, dining area, full size kitchen w/gas range, refrigerator and pantry. Relax and wind-down in the oversized bedroom with full size bath. Each unit has its own separate enclosed laundry area that includes their own washer and dryer, dual pane windows, carport parking, back yard and rear storage for each unit. These units have plenty of room to expand into two-bedroom units (permits needed). Unit 208 features awesome antique Wedgewood gas stove w/proofer, hardwood floors and 2/bd closets. Unit 206 has hardwood beneath carpet. Close to all PG & Monterey hot spots, trails, shops and more.

Last Agent to Sell the Property

Regina Shaw

Intero Real Estate Services License #01428652 Listed on: 07/30/2021

Intero Real Estate Services

Last Buyer's Agent

Andrew Phillips

Phillips Real Estate License #02061112

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,454

Year Built

  • 1949

Lot Details

  • 3,598 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Home Design

  • Duplex
  • Raised Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,479 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • No Garage
  • Assigned Parking

Outdoor Features

  • Shed

Listing and Financial Details

  • Total Actual Rent $42,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $480
  • Insurance Expense $936
  • Other Expense $840
  • Trash Expense $240
  • Operating Expense $8,496
  • Gross Income $42,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,454

Year Built

1949

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 72
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1479
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Countertop - Tile, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1479
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Assigned Spaces, Carport, No Garage
  • Carport Min: 2

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified

Lot Info

  • 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
  • Gross Rent Multiplier: 23.43
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 936
  • Expense Landscape: 480
  • Expenses Other: 840
  • Expenses Total: 8496
  • Expense Trash: 240
  • Income Annual Gross: 42600.00
  • Income Annual Rental: 42600
  • Income Gross Scheduled: 42600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Brown Kyle and Brown Gina
Bought by
Lynch Domenika
Current Estimated Value
$1,210,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,400
Outstanding Balance
$17,401
Interest Rate
6.78%
Estimated Equity
$1,173,414

Purchase Details

Listed on
Jul 30, 2021
Closed on
Oct 5, 2021
Sold by
Borba Bradley A and Borba Bridget L
Bought by
Brown Kyle and Brown Gina
Seller's Agent
Regina Shaw
Intero Real Estate Services
Buyer's Agent
Andrew Phillips
Phillips Real Estate
List Price
$998,000
Sold Price
$1,014,000
Premium/Discount to List
$16,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$548,450
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2006
Sold by
Borba Bradley A and Borba Bridget L
Bought by
Borba Bradley A and Borba Bridget L

Purchase Details

Closed on
Mar 28, 2006
Sold by
Borba Bradley A
Bought by
Borba Bradley A and Borba Bridget L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
1.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2006
Sold by
Borba Sharon
Bought by
Borba Bradley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
1.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2005
Sold by
Knight Knight David F David F
Bought by
Borba Bradley A and Borba Sharon

Purchase Details

Closed on
May 6, 2005
Sold by
Knight David F and Knight Marie B
Bought by
Knight David F and Knight Marie B
Source: Public Records

Range of Values:

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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
Lynch Domenika $1,166,500 Chicago Title
Brown Kyle $1,014,000 First American Title Company
Borba Bradley A -- Chicago Title Co
Borba Bradley A -- Chicago Title Co
Borba Bradley A -- Chicago Title Co
Borba Bradley A -- --
Knight David F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynch Domenika $61,400
Open Lynch Domenika $929,850
Previous Owner Brown Kyle $548,450
Previous Owner Borba Bradley A $578,000
Previous Owner Borba Bradley A $675,000
Previous Owner Borba Bradley A $279,000
Previous Owner Knight David F $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $1,014,000 +1.6% $686 / Sq Ft
08/14/2021 08/14/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $998,000 -- $675 / 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 $12,454 $1,189,524 $765,000 $424,524
2024 $12,454 $1,166,200 $750,000 $416,200
2023 $11,427 $1,166,200 $750,000 $416,200
2022 $11,196 $1,014,000 $650,000 $364,000
2021 $6,859 $608,100 $435,743 $172,357
2020 $6,722 $601,865 $431,275 $170,590
2019 $6,510 $590,065 $422,819 $167,246
2018 $6,382 $578,496 $414,529 $163,967
2017 $6,279 $567,153 $406,401 $160,752
2016 $6,294 $556,033 $398,433 $157,600
2015 $6,193 $547,682 $392,449 $155,233
2014 $6,064 $536,955 $384,762 $152,193
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81856293

MLSListings

APN: 006-248-007-000