NOT LISTED FOR SALE

218 Alder St Pacific Grove, CA 93950

Estimated Value: $1,430,000 - $1,753,000

2 Beds
2 Baths
1,200 Sq Ft
$1,290/Sq Ft Est. Value

Last Sold June 05, 2017

Last sale price $849,000 $708 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,285/month

33 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Breakfast Room
  • Robert Down Elementary School Rated A
  • Cottage
  • 4-minute walk to George Washington Park

About This Home

As of June 2017

Nestled amongst a wooded area and adjacent to Washington Park; take a stroll along the many paths running through the peaceful foliage which highlight the natural beauty of the Peninsula. This magical home is light and bright and features 2 bedrooms, 2 bathrooms, a comfortable living room, cozy dining area with brick fireplace, a delightful kitchen, a master bedroom suite that is ideal for relaxing, built-ins throughout the home, a single-car garage, wonderful patio area and a peek of the bay.

Last Agent to Sell the Property

Lucie Campos

Coldwell Banker Realty License #01345594 Listed on: 03/17/2017

Coldwell Banker Realty

Last Buyer's Agent

Sally Tuttle

Douglas Elliman of California, Inc. License #01856639

Douglas Elliman of California, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,241

Year Built

  • Built in 1941

Lot Details

  • 3,615 Sq Ft Lot
  • Back and Front Yard Fenced
  • Level Lot
  • Sprinklers on Timer

Parking

  • 1 Car Detached Garage

Property Views

  • Bay
  • Skyline

Home Design

  • Cottage
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Separate Family Room
  • Breakfast Room
  • Dining Area
  • Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 006-346-003-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,241

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Age: 76
  • Listing Class: Residential
  • Structure Sq Ft: 1200
  • Incorporated: Yes
  • Year Built: 1941
  • Zoning Description: SFR
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning, Gas Starter
  • Dining Room: Breakfast Room, Dining Area, Eat in Kitchen
  • Kitchen: Dishwasher, Garbage Disposal, Hood Over Range, Microwave, Oven - Gas, Oven - Self Cleaning, Oven Range, Oven Range - Gas, Refrigerator, Warming Drawer
  • Living Sq Ft: 1200
  • Stories: 1
  • Laundry: Hookup - Electric, Gas Hookup, Hookup - Washer/Dryer
  • Flooring: Hardwood, Tile
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Granite, Shower and Tub, Skylight, Stall Shower, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay, City Lights
  • Yard/Grounds: Fenced, Sprinklers - Auto
  • Fencing: Fenced Back, Fenced Front
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 006-346-003-000
  • Lot Acres: 0.0830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Pacific Grove Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2017
Closed on
May 11, 2017
Sold by
Burgess Vicki Lynn
Bought by
Gibbs Michael E and Gibbs Peggy J
Seller's Agent
Lucie Campos
Coldwell Banker Realty
Buyer's Agent
Sally Tuttle
Douglas Elliman of California, Inc.
List Price
$859,000
Sold Price
$849,000
Premium/Discount to List
-$10,000
-1.16%
Current Estimated Value
$1,547,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$698,430
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
Feb 2, 2010
Sold by
Burgess Vicki Lynn
Bought by
Burgess Vicki Lynn and Vicki Lynn Burgess Revocable Trut

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2005
Sold by
Burgess Vicki Lynn
Bought by
Burgess Vicki Lynn and Vicki Lynn Burgess Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2005
Sold by
Grumbecker Richard D and Meagher Mary Ann
Bought by
Burgess Vicki Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 1993
Sold by
Nelson Robert R and Flint Janet M
Bought by
Grumbecker Richard D and Meagher Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,000
Interest Rate
7.09%
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
Gibbs Michael E $849,000 Chicago Title Company
Burgess Vicki Lynn -- Chicago Title Company
Burgess Vicki Lynn -- First American Title
Burgess Vicki Lynn $750,000 First American Title
Grumbecker Richard D $222,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burgess Vickl Lynn $215,000
Previous Owner Burgess Vicki Lynn $192,000
Previous Owner Burgess Vicki Lynn $205,000
Previous Owner Burgess Vicki Lynn $520,000
Previous Owner Grumbecker Richard D $437,500
Previous Owner Grumbecker Richard D $250,000
Previous Owner Grumbecker Richard D $149,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2017 06/05/17 Sold $849,000 -1.2% $708 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $859,000 -- $716 / 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 $10,241 $985,331 $696,348 $288,983
2024 $10,241 $966,012 $682,695 $283,317
2023 $10,375 $947,071 $669,309 $277,762
2022 $10,179 $928,502 $656,186 $272,316
2021 $10,188 $910,297 $643,320 $266,977
2020 $9,984 $900,964 $636,724 $264,240
2019 $9,666 $883,299 $624,240 $259,059
2018 $9,474 $865,980 $612,000 $253,980
2017 $8,440 $768,000 $512,000 $256,000
2016 $7,116 $632,000 $421,000 $211,000
2015 $6,507 $578,000 $385,000 $193,000
2014 $5,932 $527,000 $351,000 $176,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81642789

MLSListings

APN: 006-346-003-000