NOT LISTED FOR SALE

Estimated Value: $553,000 - $732,000

11.66 Acres
$56,208 Price per Acre
507,910 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $695,000

Est. 6% decrease in value since last sale

Current estimated payment $3,854/month

160 Days on Market

Highlights

  • 11.66 Acre Lot
  • Secluded Lot
  • Views
  • Washington Elementary School Rated A-

About This Lot

As of April 2024

Very Desirable, Private and Secluded Setting Relish the magnificent and expansive Pacific Ocean and Monterey Bay views from one of the last lots available in Bay Ridge. Enjoy spectacular sunsets and the twinkling lights of the bay at your feet, high above the fog line in this sunny and warm location. This is one of the larger lots in the neighborhood at 11.66 acres allowing for privacy and serenity for years to come. New homes here enjoy all of the peace, privacy and tranquility of fine estate living yet just minutes away from the hustle and bustle of the peninsula cities, restaurants and night life. Premium building sites of this grandeur are virtually unavailable anywhere on the Monterey Peninsula. Image your dream residence in this dramatic setting.

Last Agent to Sell the Property

Gayle Crusan

International Estates, Inc. License #01038531 Listed on: 10/08/2023

Co-Listed By

Gigi Di Giovanni

International Estates, Inc. License #01164907

Last Buyer's Agent

Laura Ciucci

Sotheby’s International Realty License #01135238

Sotheby’s International Realty

Property Details

Property Type

  • Land

Lot Details

  • 11.66 Acre Lot
  • Secluded Lot
  • Lot Sloped Up

Additional Features

  • Property Views

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include insurance - common area, maintenance - common area, maintenance - road, reserves
  • Bay Ridge HOA
  • The community has rules related to parking rules

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Residential Lot
  • Restrictions: Parking Restrictions
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Architectural Review Committee, Design Review Required
  • Special Features: None
  • Property Sub Type: LotsLands

Condo/Co-op/Association

  • HOA Fees: 225
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area, Maintenance - Road, Reserves
  • HOA Exist: Yes
  • H O A Name Text: Bay Ridge HOA

Lot Info

  • Lot Description: Grade - Sloped Up, Grade - Varies, Private / Secluded, Views
  • Lot Acres: 11.6600
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 507909.60
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 507909.60
  • Parcel Access: Accessible, Paved Road

Multi Family

  • Utilities: Electricity - Available At Street

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2024
Sold by
Shin Michael Dongsik and Shin Mayra Yadira
Bought by
De Blas Shin Family Trust and Shin
Current Estimated Value
$655,385

Purchase Details

Listed on
Oct 8, 2023
Closed on
Mar 25, 2024
Sold by
Sattah Mario Prayuth
Bought by
Shin Michael D and Shin Mayra Yadira
Seller's Agent
Gayle Crusan
International Estates, Inc.
Buyer's Agent
Laura Ciucci
Sotheby’s International Realty
List Price
$719,000
Sold Price
$695,000
Premium/Discount to List
-$24,000
-3.34%
Views
209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.45%

Purchase Details

Listed on
Nov 25, 2019
Closed on
Apr 20, 2021
Sold by
Bay Ridge 4 Investors Llc
Bought by
Sattah Mario Prayuth
Seller's Agent
Gayle Crusan
International Estates, Inc.
Buyer's Agent
Bill Carmichael
Big Block Realty, Inc
List Price
$430,000
Sold Price
$418,000
Premium/Discount to List
-$12,000
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.60%

Purchase Details

Closed on
Oct 10, 2002
Sold by
Alexander John A and Alexander Elizabeth B
Bought by
Bay Ridge 4 Investors Llc
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
De Blas Shin Family Trust -- None Listed On Document
Shin Michael D $695,000 First American Title
Sattah Mario Prayuth $418,000 First American Title Company
Bay Ridge 4 Investors Llc -- Old Republic Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/16/2024 04/16/24 Sold $695,000 -3.3% --
03/17/2024 03/17/24 Pending -- -- --
10/08/2023 10/08/23 For Sale $719,000 +72.0% --
04/23/2021 04/23/21 Sold $418,000 -2.8% -- View Prior Sale
03/01/2021 03/01/21 Pending -- -- --
05/16/2020 05/16/20 For Sale $430,000 +2.9% --
05/16/2020 05/16/20 Off Market $418,000 -- --
11/25/2019 11/25/19 For Sale $430,000 -- --
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 $4,924 $708,900 $708,900 --
2024 $4,924 $695,000 $695,000 --
2023 $4,748 $434,887 $434,887 $0
2022 $4,783 $426,360 $426,360 --
2021 $2,305 $418,000 $418,000 $0
2020 $2,255 $208,072 $208,072 $0
2019 $2,246 $203,993 $203,993 $0
2018 $2,199 $199,994 $199,994 $0
2017 $3,614 $317,919 $196,073 $121,846
2016 $3,504 $311,686 $192,229 $119,457
2015 -- $307,005 $189,342 $117,663
2014 -- $300,993 $185,634 $115,359
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81944431

MLSListings

APN: 416-133-040-000