NOT LISTED FOR SALE
5 Beds
4 Baths
2,335 Sq Ft
5,401 Sq Ft Lot

Last Sold November 18, 2016

Last sale price $1,355,000 $580 Per Sq Ft

19 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Double Pane Windows
  • Monterey High School Rated A
  • 3 Car Attached Garage
  • Forced Air Heating System

About This Home

As of November 2016

Great investment property in Monterey! Home with Duplex situated in a quiet residential neighborhood with amazing ocean and harbor views; only a short stroll to wharf, downtown shops & restaurants. Main home offers 3 bedrooms, 2 bathrooms, updated kitchen & separate butlers pantry/fish kitchen, large family room, with expansive ocean views. The home also features a bonus room/office below house. Duplex is located behind the home featuring 2 nicely updated 1 bedroom, 1 bath units with incredible views. This property also offers a 3 car garage, mature landscaping, beautiful fruit trees & an automatic irrigation system. Additionally, this home is fully fenced and outdoor security lighting with copper pagoda lights which illuminate walkways. This property is in amazing condition, with too many extras to list. Come take advantage of this rare investment opportunity in the heart of Monterey!

Last Agent to Sell the Property

Kimberly Ward

KW Coastal Estates License #01976643 Listed on: 10/11/2016

KW Coastal Estates

Last Buyer's Agent

Doug McKenzie

Coldwell Banker Realty License #01912189

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1945

Lot Details

  • 5,401

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Marina
  • Bay

Home Design

  • Triplex
  • Shingle Roof
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,335 Sq Ft Home
  • Double Pane Windows

Flooring

  • Wood
  • Tile

Additional Features

  • 5,401 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

  • 2,335 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,019
  • Maintenance Expense $413
  • Other Expense $1,920
  • Utility Expense $2,160
  • Trash Expense $600
  • Operating Expense $13,663
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Year Built

1945

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3-R6
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2335
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Interior Features

  • Living Sq Ft: 2335
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle, Tar And Gravel
  • View: Bay, Marina, Ocean

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5401.44
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5401.44

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.33
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1019
  • Expense Landscape: 1800
  • Expense Maintenance: 413
  • Expenses Other: 1920
  • Expenses Total: 13663
  • Expenses Utility: 2160
  • Expense Trash: 600
  • Income Annual Gross: 60000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Maintenance, Services - Gardener, Services - Trash Removal, Utilities

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/18/2016 11/18/16 Sold $1,355,000 0.0% $580 / Sq Ft
11/18/2016 11/18/16 Sold $1,355,000 -3.2% $978 / Sq Ft View Prior Sale
10/31/2016 10/31/16 Pending -- -- --
10/31/2016 10/31/16 Pending -- -- --
10/11/2016 10/11/16 For Sale $1,399,999 0.0% $600 / Sq Ft
10/10/2016 10/10/16 For Sale $1,399,999 -- $1,011 / 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 $16,975 $1,572,589 $580,292 $992,297
2024 $16,975 $1,541,755 $568,914 $972,841
2023 $16,542 $1,511,525 $557,759 $953,766
2022 $16,315 $1,481,888 $546,823 $935,065
2021 $16,079 $1,452,832 $536,101 $916,731
2020 $15,472 $1,437,936 $530,604 $907,332
2019 $16,239 $1,409,742 $520,200 $889,542
2018 $15,589 $1,382,100 $510,000 $872,100
2017 $14,438 $1,355,000 $500,000 $855,000
2016 $5,834 $535,171 $206,363 $328,808
2015 $5,752 $527,133 $203,264 $323,869
2014 $5,655 $516,808 $199,283 $317,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81628023

MLSListings

APN: 001-381-019