NOT LISTED FOR SALE

24700 Bit Rd Monterey, CA 93940

Laguna Seca/Ryan Ranch Neighborhood

Estimated Value: $1,817,000 - $2,235,000

2 Beds
2.5 Baths
1,792 Sq Ft
$1,119/Sq Ft Est. Value

Last Sold September 01, 2016

Last sale price $935,000 $522 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $11,969/month

136 Days on Market

Highlights

  • 19.11 Acre Lot
  • Open to Family Room
  • Forced Air Heating System
  • Monterey High School Rated A
  • Guest Parking
  • Dining Area

About This Home

As of September 2016

Sited on 19+ acres just off Hwy 68 half way between Salinas and Monterey you will find a residential / commercial property really worth considering. Zoned commercial, the current owners live in the 2BR, 2.5BA, 1,700+ SF home and operate a day-care business. Plans for a new 4,200+ SF, Eric Miller designed home are also included. If you haven't yet, consider the possibilities where you can...live and make a living in the sunshine.

Last Agent to Sell the Property

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 01/28/2016

Coldwell Banker Realty

Last Buyer's Agent

Cicily Sterling

Alain Pinel Realtors License #01921334

Alain Pinel Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,474

Year Built

  • Built in 1971

Lot Details

  • 19.11 Acre Lot
  • Zoning described as RDR

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,792 Sq Ft Home
  • 1-Story Property
  • Dining Area
  • Open to Family Room

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 2 Parking Spaces
  • No Garage
  • Guest Parking
  • Off-Street Parking

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Utilities

  • Forced Air Heating System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 416-193-013-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,474

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 45
  • Listing Class: Residential
  • Structure Sq Ft: 1792
  • Incorporated: Yes
  • Year Built: 1971
  • Zoning Description: RDR
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Dining Area
  • Living Sq Ft: 1792
  • Stories: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • Horse Property: Possible

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Guest / Visitor Parking, No Garage, Off-Street Parking, Parking Area, Room for Oversized Vehicle

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Septic Connected

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 416-193-013-000
  • Lot Acres: 19.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 832432.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 832432.00

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2017
Sold by
Kernite 1031 Llc
Bought by
Lee Lawrence E
Current Estimated Value
$2,004,477

Purchase Details

Listed on
Jan 28, 2016
Closed on
Aug 30, 2016
Sold by
Pompey Eric Maurice and Pompey Rebekah Therese
Bought by
Kernite 1031 Llc
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Cicily Sterling
Alain Pinel Realtors
List Price
$1,088,000
Sold Price
$935,000
Premium/Discount to List
-$153,000
-14.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%

Purchase Details

Closed on
Apr 1, 2012
Sold by
Meador J Douglas and Meador Luann
Bought by
Pompey Eric Maurice and Pompey Rebekah Therese

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,128
Interest Rate
3.91%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 8, 1999
Sold by
Meador James Douglas and Meador Luann
Bought by
Meador J Douglas and Meador Luann

Purchase Details

Closed on
May 14, 1999
Sold by
Warren Family Investment Partnership
Bought by
Meador James Douglas and Meador Luann

Purchase Details

Closed on
Aug 2, 1995
Sold by
The Warren Family Investment Partnership
Bought by
Warren Walter G and Warren Loretta K

Purchase Details

Closed on
Nov 12, 1993
Sold by
Warren Walter G and Warren Loretta R
Bought by
The Warren Family Investment Partnership
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
Lee Lawrence E $1,087,000 Chicago Title Company
Kernite 1031 Llc $935,000 Chicago Title Company
Pompey Eric Maurice $705,000 Chicago Title Company
Meador J Douglas -- --
Meador James Douglas $549,000 Stewart Title
Warren Family Investment Partnership -- Stewart Title
Warren Walter G -- Stewart Title
The Warren Family Investment Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pompey Eric Maurice $687,128
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2016 09/01/16 Sold $935,000 -6.0% $522 / Sq Ft
06/13/2016 06/13/16 Pending -- -- --
04/28/2016 04/28/16 Price Changed $995,000 -8.5% $555 / Sq Ft
01/28/2016 01/28/16 For Sale $1,088,000 -- $607 / 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 $16,474 $1,566,348 $580,292 $986,056
2024 $16,474 $1,535,636 $568,914 $966,722
2023 $16,307 $1,505,526 $557,759 $947,767
2022 $16,081 $1,476,007 $546,823 $929,184
2021 $15,847 $1,447,066 $536,101 $910,965
2020 $14,266 $1,340,229 $530,604 $809,625
2019 $12,138 $1,063,774 $520,200 $543,574
2018 $10,655 $953,700 $510,000 $443,700
2017 $9,861 $935,000 $500,000 $435,000
2016 $7,835 $748,031 $530,519 $217,512
2015 $7,722 $736,796 $522,551 $214,245
2014 $7,585 $722,364 $512,315 $210,049
Source: Public Records

Agents Affiliated with this Home

  • Tim Allen

    Seller's Agent in 2016

    Tim Allen

    Coldwell Banker Realty

    (831) 214-1990

    14 in this area

    347 Total Sales

    Tim Allen
    Section Image

  • C

    Buyer's Agent in 2016

    Cicily Sterling

    Alain Pinel Realtors

    Section Image
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Map

Source: MLSListings

MLS Number: ML81548718

MLSListings

APN: 416-193-013-000

California Monterey County Monterey 93940 Laguna Seca/Ryan Ranch

24700 Bit Rd, Monterey, CA

This home is located at 24700 Bit Rd, Monterey, CA 93940 since 28 January 2016 and is currently estimated at $2,004,477, approximately $1,118 per square foot. This property was built in 1971. 24700 Bit Rd is a home located in Monterey County with nearby schools including Foothill Elementary School, Monte Vista Elementary School, and Monterey High School.

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