NOT LISTED FOR SALE

Estimated Value: $6,356,556 - $6,757,000

6.63 Acres
$988,956 Price per Acre
288,803 Sq Ft Lot

Last Sold March 07, 2014

Last sale price $850,000

Est. 671% increase in value since last sale

Current estimated payment $38,551/month

322 Days on Market

About This Lot

As of March 2014

Just a short drive or stroll to the club house this lot enjoys a panorama of views from the Salinas Valley over to the Monterey Bay with glimpses of city lights and the landing of planes at the airport. A flat level building pad with plenty of room for a large single or two story home this lot enjoys some of the better views available at a less than view price.

Last Agent to Sell the Property

Jamal Noorzoy

Alain Pinel Realtors License #01119622 Listed on: 04/16/2013

Last Buyer's Agent

Robin Stelle

Coldwell Banker Realty License #01812100

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $43,817

Lot Details

Property Views

  • Ocean
  • Bay
  • Mountain

Utilities

  • Septic Permit Required
  • Sewer Not Available

Property Details

Property Type

Land

Est. Annual Taxes

$43,817

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Unimproved Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Bay, Mountains, Ocean

Utilities

  • Sewer/Septic System: Sewer Not Available, Septic Required

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Number: 89
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7.00
  • Lot Size Area Min Search: 7.00
  • Maximum Lot Size: 7.00
  • Parcel Access: City Street, Private Road

Rental Info

  • Lease Amount: 995000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2013
Closed on
Feb 18, 2014
Sold by
Coast Capital Income Fund Llc
Bought by
John & Elizabeth Turner Trust
Seller's Agent
Jamal Noorzoy
Alain Pinel Realtors
Buyer's Agent
Robin Stelle
Coldwell Banker Realty
List Price
$1,195,000
Sold Price
$850,000
Premium/Discount to List
-$345,000
-28.87%
Current Estimated Value
$6,556,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,706,778
Avg. Annual Appreciation
19.26%

Purchase Details

Closed on
Mar 26, 2009
Sold by
Monterra Ranch Properties Llc
Bought by
Coast Capital Income Fund Llc

Purchase Details

Closed on
Oct 15, 2008
Sold by
Cwn Llc
Bought by
Monterra Ranch Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$820,000
Interest Rate
5.9%
Mortgage Type
Unknown

Purchase Details

Closed on
May 14, 2008
Sold by
Monterra Ranch Properties Llc
Bought by
Cwn Llc

Purchase Details

Closed on
Feb 17, 2004
Sold by
Cwn Llc
Bought by
Monterra Ranch Properties Llc
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
John & Elizabeth Turner Trust $850,000 First American Title Company
Coast Capital Income Fund Llc $1,472,317 First American Title Company
Monterra Ranch Properties Llc -- Accommodation
Cwn Llc -- Accommodation
Monterra Ranch Properties Llc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monterra Ranch Properties Llc $820,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2014 03/07/14 Sold $850,000 -28.9% --
03/04/2014 03/04/14 Pending -- -- --
04/16/2013 04/16/13 For Sale $1,195,000 -- --
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 $43,817 $4,179,646 $1,041,979 $3,137,667
2024 $43,817 $4,097,694 $1,021,549 $3,076,145
2023 $43,371 $4,017,348 $1,001,519 $3,015,829
2022 $42,771 $3,938,578 $981,882 $2,956,696
2021 $42,144 $3,861,352 $962,630 $2,898,722
2020 $40,610 $3,821,760 $952,760 $2,869,000
2019 $25,451 $2,234,079 $934,079 $1,300,000
2018 $13,132 $1,176,764 $915,764 $261,000
2017 $9,451 $897,808 $897,808 $0
2016 $9,281 $880,204 $880,204 $0
2015 -- $866,983 $866,983 $0
2014 -- $850,000 $850,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81312477

MLSListings

APN: 259-092-028-000