NOT LISTED FOR SALE

24663 Cabrillo St Carmel, CA 93923

Carmel Woods Neighborhood

Estimated Value: $1,886,000 - $2,304,000

3 Beds
2 Baths
2,133 Sq Ft
$983/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $1,700,000 $797 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $12,737/month

49 Days on Market

About This Home

As of January 2022

Great investment opportunity in downtown Carmel-by-The-Sea. There are 3 separate structures on the property. The one unit in the back is currently split and setup as one 2b 1ba and 1/1 units, but can be easily converted to a 3/2ba unit. Other two units are set up as a 2b/1ba.and a legally converted garage rented as a studio, They are older units needing updates yet very livable. Only back unit is available to be shown - other two units are currently tenant occupied but will be vacant within 60 days. Professional photos for the other two units coming as soon as they are vacant. Current photos show the back unit.

Last Agent to Sell the Property

John Davi

Davi Properties Group License #00626920 Listed on: 09/03/2021

Co-Listed By

Michael Davi

Davi Properties Group License #02038325

Last Buyer's Agent

Vilia Gilles

Sotheby’s International Realty License #00883948

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 0.27 Acre Lot

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,133 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Parking Space
  • On-Street Parking
  • Off-Street Parking

Community Details

  • 2,133 Sq Ft Building
  • 2 Leased Units

Listing and Financial Details

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: Residental
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2133
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 2133
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11761.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11761.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2021
Closed on
Dec 15, 2021
Sold by
Maria Vargas Administrative Trust
Bought by
Tyler Family Trust
Seller's Agent
John Davi
Davi Properties Group
Buyer's Agent
Vilia Gilles
Sotheby’s International Realty
List Price
$1,999,000
Sold Price
$1,700,000
Premium/Discount to List
-$299,000
-14.96%
Current Estimated Value
$2,097,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,576
Avg. Annual Appreciation
5.45%
Original Mortgage
$1,360,000
Outstanding Balance
$1,252,675
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$844,901

Purchase Details

Closed on
May 12, 2021
Sold by
Coe Graham and Yang Li
Bought by
Kleinkopf Kenneth S and The Maria Vargas Administrativ

Purchase Details

Closed on
Aug 28, 2019
Sold by
Coe Graham
Bought by
Coe Graham and Yang Li

Purchase Details

Closed on
Oct 23, 1998
Sold by
Vargas Maria E
Bought by
Vargas Maria E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tyler Family Trust $1,700,000 First American Title
Kleinkopf Kenneth S $1,300,000 First American Title Company
Coe Graham -- None Available
Coe Graham -- None Available
Vargas Maria E -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyler Family Trust $1,360,000
Previous Owner Vargas Maria E $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2022 01/27/22 Sold $1,700,000 -15.0% $797 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
09/03/2021 09/03/21 For Sale $1,999,000 -- $937 / 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 $21,222 $1,804,053 $1,591,812 $212,241
2024 $21,222 $1,768,680 $1,560,600 $208,080
2023 $21,220 $1,734,000 $1,530,000 $204,000
2022 $16,900 $1,700,000 $1,500,000 $200,000
2021 $18,953 $1,300,000 $1,200,000 $100,000
2020 $18,530 $1,530,000 $1,224,000 $306,000
2019 $3,622 $94,510 $33,166 $61,344
2018 $3,432 $92,658 $32,516 $60,142
2017 $3,217 $90,842 $31,879 $58,963
2016 $3,033 $89,061 $31,254 $57,807
2015 $2,804 $87,724 $30,785 $56,939
2014 $2,610 $86,006 $30,182 $55,824
Source: Public Records

Agents Affiliated with this Home

  • John Davi

    Seller's Agent in 2022

    John Davi

    Davi Properties Group

    (831) 646-9988

    2 in this area

    13 Total Sales

    John Davi
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Michael Davi

    Davi Properties Group

    Section Image
  • Vilia Gilles

    Buyer's Agent in 2022

    Vilia Gilles

    Sotheby’s International Realty

    (831) 760-7091

    1 in this area

    53 Total Sales

    Vilia Gilles
    Section Image
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Map

Source: MLSListings

MLS Number: ML81861542

MLSListings

APN: 009-084-002-000

California Monterey County Carmel 93923 Carmel Woods

24663 Cabrillo St, Carmel, CA

Not Listed for Sale

MultiFamily

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