NOT LISTED FOR SALE

211 Lighthouse Ave Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $1,389,334 - $1,541,000

4 Beds
4 Baths
2,000 Sq Ft
$733/Sq Ft Est. Value

Last Sold April 15, 2022

Last sale price $1,325,000 $662 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,231/month

84 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • 3-minute walk to Monterey Scholze Park Center
  • Monterey High School Rated A
  • Forced Air Heating System

About This Home

As of April 2022

VIEWS PANORAMIC VIEWS Amazing mixed use property, duplex (legal non conforming) front house 1932 Monterey style cottage and 1970's era 3 story "townhouse" style home in back with panoramic views.

Last Agent to Sell the Property

Erik Berry

Erik Berry, Broker License #01235328 Listed on: 11/30/2021

Last Buyer's Agent

Erik Berry

Erik Berry, Broker License #01235328 Listed on: 11/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,977

Year Built

  • 1983

Lot Details

  • 4,792

Parking

  • 2 Car Garage
  • 1 Carport Space

Property Views

  • Ocean
  • Marina
  • Panoramic

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • 3-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Horse Property
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $66,900

Community Details

Overview

  • 2,000 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,200
  • Maintenance Expense $1,200
  • Operating Expense $19,900
  • Gross Income $66,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,977

Year Built

1983

Lot Details

0

Parking

2

Listing Details

  • Zoning: Mixed use
  • Subclass: Duplex
  • Age: 38
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1983

Interior Features

  • Living Sq Ft: 2000
  • Stories: 3

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Composition
  • View: Marina, Ocean, Panoramic, Water
  • Horse Property: Yes

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Carport, Common Parking Area
  • Carport Min: 1

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4793.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4793.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.41
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Maintenance: 1200
  • Expenses Total: 19900
  • Income Annual Gross: 66900.00
  • Income Annual Rental: 66900
  • Income Gross Scheduled: 66900
  • Income Includes: Owners Unit Rental
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Mar 4, 2022
Sold by
Haskell Berry Jr Trust
Bought by
Sangha Gurlaljit Singh and Johal Simeen Kaur
Seller's Agent
Erik Berry
Erik Berry, Broker
Buyer's Agent
Erik Berry
Erik Berry, Broker
List Price
$1,750,000
Sold Price
$1,325,000
Premium/Discount to List
-$425,000
-24.29%
Current Estimated Value
$1,465,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,167
Avg. Annual Appreciation
2.79%
Original Mortgage
$993,750
Outstanding Balance
$930,185
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$523,569

Purchase Details

Closed on
Apr 13, 2000
Sold by
Berry Marilynn A
Bought by
Berry Marilyn A
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
Sangha Gurlaljit Singh $1,325,000 Chicago Title
Berry Marilyn A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sangha Gurlaljit Singh $993,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2022 04/15/22 Sold $1,325,000 -11.6% $663 / Sq Ft
02/23/2022 02/23/22 Pending -- -- --
01/19/2022 01/19/22 Price Changed $1,499,000 -14.3% $750 / Sq Ft
11/30/2021 11/30/21 For Sale $1,750,000 -- $875 / 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 $14,977 $1,406,100 $663,255 $742,845
2024 $14,977 $1,378,530 $650,250 $728,280
2023 $14,832 $1,351,500 $637,500 $714,000
2022 $5,117 $1,325,000 $625,000 $700,000
2021 $4,968 $440,964 $177,458 $263,506
2020 $4,786 $436,444 $175,639 $260,805
2019 $5,011 $427,888 $172,196 $255,692
2018 $4,817 $419,499 $168,820 $250,679
2017 $4,471 $411,274 $165,510 $245,764
2016 $4,393 $403,211 $162,265 $240,946
2015 $4,331 $397,155 $159,828 $237,327
2014 $4,258 $389,377 $156,698 $232,679
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Erik Berry

    Erik Berry, Broker

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Map

Source: MLSListings

MLS Number: ML81871312

MLSListings

APN: 001-052-007-000

California Monterey County Monterey 93940 New Monterey

211 Lighthouse Ave, Monterey, CA

This home is located at 211 Lighthouse Ave, Monterey, CA 93940 since 30 November 2021 and is currently estimated at $1,465,167, approximately $732 per square foot. This property was built in 1983. 211 Lighthouse Ave is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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