NOT LISTED FOR SALE

24815 Torres St Carmel, CA 93923

Carmel Woods Neighborhood

Estimated Value: $1,886,000 - $2,711,390

4 Beds
4 Baths
2,400 Sq Ft
$971/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $921,624 $384 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $13,321/month

20 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Carmel River Elementary School Rated A+
  • Neighborhood Views
  • 4-minute walk to Forest Hill Park

About This Home

As of June 2014

The Carmel Duplex is a very unique property providing income from one or both units giving the owner the option of making one unit a primary residence or a cost-effective 2nd home. This duplex is one of three building complex located in private off-street setting just outside the city limits. Ideal location,close to the village,across from the tennis courts and walking paths in Forest Hill Park.

Last Agent to Sell the Property

Pat Strnad Crs

Coldwell Banker Realty License #00917089 Listed on: 05/01/2014

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,430

Year Built

  • 1985

Lot Details

  • 4,008

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,400 Sq Ft Home
  • 3-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Parking

  • Garage
  • Private Parking
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Lot Sloped Up

Listing and Financial Details

  • Total Actual Rent $46,500

Community Details

Overview

  • 2,400 Sq Ft Building

Building Details

  • Insurance Expense $1,300
  • Manager Expense $4,656
  • Other Expense $1,000
  • Operating Expense $13,684
  • Gross Income $46,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,430

Year Built

1985

Lot Details

0

Listing Details

  • Zoning: MDR2
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 384.01
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2400
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2400
  • Stories: 3
  • Laundry: Laundry Area - In All Units
  • Flooring: Hardwood - Partial, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Guest / Visitor Parking, Off-Street Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4000.00
  • Lot Size Area Min Search: 4000.00
  • Maximum Lot Size: 4000.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 20.20

Multi Family

  • Expense Insurance: 1300
  • Expense Management: 4656
  • Expenses Other: 1000
  • Expenses Total: 13684
  • Income Annual Gross: 46500.00
  • Income Annual Rental: 46500
  • Income Gross Scheduled: 46500
  • Income Includes: Lease
  • Maximum Building Height: 3
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 3
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Association
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2014
Closed on
Jun 16, 2014
Sold by
Olsen Stephen
Bought by
Kramer Ruth M and Ruth M Kramer Trust
Seller's Agent
Pat Strnad Crs
Coldwell Banker Realty
List Price
$939,500
Sold Price
$921,624
Premium/Discount to List
-$17,876
-1.9%
Current Estimated Value
$2,331,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,409,474
Avg. Annual Appreciation
8.51%

Purchase Details

Closed on
Sep 4, 2001
Sold by
Olsen Stephen R and Olsen Linda K
Bought by
Olsen Stephen and Olsen Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
6.1%

Purchase Details

Closed on
Mar 4, 1994
Sold by
Garcy Thomas M and Garcy Lorraine M
Bought by
Olsen Stephen R and Olsen Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,600
Interest Rate
7.15%
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
Kramer Ruth M $922,000 First American Title Company
Olsen Stephen -- First American Title
Olsen Stephen R $389,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Stephen $455,000
Previous Owner Olsen Stephen R $317,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2014 06/20/14 Sold $921,624 -1.9% $384 / Sq Ft
05/21/2014 05/21/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $939,500 -- $391 / 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 $13,430 $1,129,772 $520,987 $608,785
2024 $13,430 $1,107,621 $510,772 $596,849
2023 $13,458 $1,085,904 $500,757 $585,147
2022 $13,187 $1,064,613 $490,939 $573,674
2021 $12,821 $1,043,739 $481,313 $562,426
2020 $12,536 $1,033,038 $476,378 $556,660
2019 $12,278 $1,012,784 $467,038 $545,746
2018 $11,968 $992,927 $457,881 $535,046
2017 $11,625 $973,458 $448,903 $524,555
2016 $11,353 $954,371 $440,101 $514,270
2015 $11,071 $940,037 $433,491 $506,546
2014 $6,946 $550,382 $207,951 $342,431
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Pat Strnad Crs

    Coldwell Banker Realty

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Map

Source: MLSListings

MLS Number: ML81414816

MLSListings

APN: 009-131-022-000

California Monterey County Carmel Carmel Woods

24815 Torres St, Carmel, CA

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