NOT LISTED FOR SALE

Estimated Value: $3,069,744 - $5,238,000

1.43 Acres
$2,852,403 Price per Acre
62,291 Sq Ft Lot

Last Sold April 26, 2021

Last sale price $530,000

Est. 670% increase in value since last sale

Current estimated payment $23,023/month

528 Days on Market

Highlights

  • 1.43 Acre Lot
  • Hilly Lot
  • Views
  • Monterey High School Rated A

About This Lot

As of April 2021

Opportunity to build your dream home in one of Monterey's most desirable gated communities. This 1.43 acre lot comes with two sets of plans already approved by the Monterra Design review board. The plans call for a 4 bedroom, 4.5 bath, 4,684 sqft residence designed by Jun Sillano. Ask agent for the status of the permits and a second set of plans for a smaller home if buyer desires.

Last Agent to Sell the Property

Ben Zoller

Monterey Coast Realty License #01967810 Listed on: 10/10/2019

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,761

Lot Details

  • 1.43 Acre Lot
  • Hilly Lot

Utilities

  • Gas Available at Street
  • Community Sewer or Septic

Additional Features

  • Property Views

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include insurance - common area, maintenance - common area
  • Monterra Association

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$16,761

Lot Details

0

Listing Details

  • Zoning: RDR/B-6 UR D-S
  • Subclass: Residential Lot
  • Restrictions: Height Restrictions, Neighborhood Approval
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Approved Building Plan, Have Building Plans
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Community Sewer / Septic

Condo/Co-op/Association

  • HOA Fees: 376
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area
  • HOA Exist: Yes
  • H O A Name Text: Monterra

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Hilly, Views
  • Lot Acres: 1.4300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 62290.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 62290.80
  • Parcel Access: Paved Road, Private Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Apr 20, 2021
Sold by
Gallino Anthony V
Bought by
Mccoy Jason and Mccoy Andrea
Seller's Agent
Ben Zoller
Monterey Coast Realty
Buyer's Agent
RECIP
Out of Area Office
List Price
$590,000
Sold Price
$530,000
Premium/Discount to List
-$60,000
-10.17%
Current Estimated Value
$4,078,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,548,936
Avg. Annual Appreciation
58.68%
Original Mortgage
$410,000
Outstanding Balance
$370,477
Interest Rate
3.05%
Mortgage Type
Seller Take Back
Estimated Equity
$3,708,459

Purchase Details

Listed on
Mar 12, 2014
Closed on
Apr 1, 2016
Sold by
City Of Salinas Deferred Compensation Pl
Bought by
Gallino Anthony V
Seller's Agent
Mike Jashinski
Sotheby’s International Realty
Buyer's Agent
Mike Jashinski
Sotheby’s International Realty
List Price
$535,000
Sold Price
$475,000
Premium/Discount to List
-$60,000
-11.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.19%
Original Mortgage
$356,250
Interest Rate
3.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 5, 2009
Sold by
Monterra Ranch Properties Llc
Bought by
Kever Thomas L

Purchase Details

Closed on
Dec 21, 2004
Sold by
Monterra Ranch Properties Llc
Bought by
Hardy Kenneth L and Hardy Stephanie
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mccoy Jason $530,000 Chicago Title Company
Gallino Anthony V $475,000 Chicago Title Company
Kever Thomas L $100,000 First American Title Company
Hardy Kenneth L -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccoy Jason $410,000
Previous Owner Gallino Anthony V $356,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2021 04/26/21 Sold $530,000 -10.2% --
03/22/2021 03/22/21 Pending -- -- --
10/10/2019 10/10/19 For Sale $590,000 +24.2% --
04/08/2016 04/08/16 Sold $475,000 -11.2% --
02/24/2016 02/24/16 Pending -- -- --
03/12/2014 03/12/14 For Sale $535,000 -- --
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 $16,761 $1,688,688 $573,688 $1,115,000
2024 $16,761 $1,677,440 $562,440 $1,115,000
2023 $7,372 $1,551,412 $551,412 $1,000,000
2022 $5,895 $678,600 $540,600 $138,000
2021 $5,694 $530,000 $530,000 $0
2020 $5,477 $514,154 $514,154 $0
2019 $5,753 $504,073 $504,073 $0
2018 $5,520 $494,190 $494,190 $0
2017 $5,109 $484,500 $484,500 $0
2016 $6,486 $614,619 $614,619 $0
2015 $6,393 $605,387 $605,387 $0
2014 $6,281 $593,529 $593,529 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81814625

MLSListings

APN: 259-101-078-000