NOT LISTED FOR SALE

Estimated Value: $7,112,000 - $11,715,401

4 Beds
4.5 Baths
2,540 Sq Ft
$3,454/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $5,460,000 $2,150 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $52,319/month

17 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Living Room with Fireplace
  • Carmel River Elementary School Rated A+
  • English Cottage Architecture
  • Wood Flooring

About This Home

As of July 2018

Originally built in 1931, one of only 4 homes on Carmel Point at the time, this Hugh Comstock historical home has been exquisitely remodeled with no expense spared. Just moments from the beach in its coveted Carmel Point location, the gorgeous woodwork, gourmet kitchen, English gardens, separate guest house, ocean views, and meticulous attention to detail throughout make this an elegant, even magical retreat. Entering through the enclosed front courtyard with its magnificent outdoor stone fireplace for warm evening gatherings, you hear the sounds of crashing waves and smell the ocean air as you take in this enchanting Carmel cottage situated under a canopy of mature cypress trees. The home has 4 bedrooms and 4 bathrooms with a dramatic ocean-view master suite looking out onto crashing waves. Even the master bath soaking tub has a view of the sea for the ultimate in relaxation. The charm and soul of old Carmel combined with the new and modern comforts, make this a truly special home.

Last Agent to Sell the Property

Shelly Lynch

Carmel Realty Company License #01217466 Listed on: 06/11/2018

Co-Listed By

Marcus Miller

Helm Real Estate License #01327948

Last Buyer's Agent

Dana A. Bambace

Compass License #01731448

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $62,860

Year Built

  • Built in 1932

Lot Details

  • 7,100 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard
  • Zoning described as R1

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking

Property Views

  • Ocean
  • Bay
  • Mountain
  • Neighborhood

Home Design

  • English Cottage Architecture
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,540 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Wine Cellar
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub
  • Steam Shower
  • Walk-in Shower

Outdoor Features

  • Outdoor Fireplace
  • Fire Pit
  • Barbecue Area

Utilities

  • Forced Air Zoned Heating System
  • Wood Insert Heater
  • Sewer Within 50 Feet

Community Details

  • Courtyard

Listing and Financial Details

  • Assessor Parcel Number 009-442-006-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$62,860

Year Built

Built in 1932

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Country English
  • Age: 86
  • Listing Class: Residential
  • Structure Sq Ft: 2540
  • Year Built: 1932
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning, Gas Starter, Insert, Living Room, Wood Burning
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Microwave, Oven Range - Built-In, Refrigerator
  • Living Sq Ft: 2540
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood
  • Additional Rooms: Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Stall Shower - 2+, Steam Shower, Tub, Tub in Primary Bedroom
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shake
  • View: Bay, Mountains, Neighborhood, Ocean
  • Yard/Grounds: Back Yard, BBQ Area, Courtyard, Fire Pit, Outdoor Fireplace
  • Fencing: Fenced

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Off-Street Parking

Utilities

  • Heating System: Forced Air, Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected, Sewer in Street

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: Carmel Unified

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 009-442-006-000
  • Lot Acres: 0.1630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7100.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Carmel Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2018
Closed on
Jul 16, 2018
Sold by
Jill Ramieth Thor Geir and Jill Ramieth Carolyn
Bought by
Dermanouel Michael F and Dermanouel Melissa A
Seller's Agent
Shelly Lynch
Carmel Realty Company
Buyer's Agent
Dana A. Bambace
Compass
List Price
$5,750,000
Sold Price
$5,460,000
Premium/Discount to List
-$290,000
-5.04%
Current Estimated Value
$8,640,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,180,740
Avg. Annual Appreciation
7.13%

Purchase Details

Listed on
Jun 18, 2013
Closed on
Jan 23, 2014
Sold by
Baldwin Justin C and The Justin C Baldwin Trust
Bought by
The Ramleth Family Trust
Seller's Agent
Dennis Lunder
Dennis A. Lunder, Broker
List Price
$5,175,000
Sold Price
$5,000,000
Premium/Discount to List
-$175,000
-3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.98%

Purchase Details

Closed on
Sep 8, 2011
Sold by
Baldwin Justin C and Baldwin Deborah K
Bought by
Baldwin Justin C and Justin C Baldwin Trust

Purchase Details

Closed on
Jan 29, 1999
Sold by
Fredericksen Richard and Fredericksen Carole
Bought by
Fredericksen Richard E and Fredericksen Carole E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%

Purchase Details

Closed on
Jan 15, 1999
Sold by
Thompson John M and Polly Brittain 1988 Revocable
Bought by
Fredericksen Richard and Fredericksen Carole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.87%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Brittain Polly and Brittain Ruby Mae
Bought by
Thompson John M and Polly Brittain 1998 Revocable
Source: Public Records

Range of Values:

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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
Dermanouel Michael F $5,460,000 Chicago Title Co
The Ramleth Family Trust $5,000,000 Fidelity National Title Co
Baldwin Justin C -- None Available
Fredericksen Richard E -- First American Title
Fredericksen Richard $1,850,000 First American Title
Thompson John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baldwin Justin C $2,000,000
Previous Owner Baldwin Justin C $1,659,000
Previous Owner Fredericksen Richard E $150,000
Previous Owner Fredricksen Richard E $624,000
Previous Owner Fredericksen Richard E $624,000
Previous Owner Fredericksen Richard $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $5,460,000 -5.0% $2,150 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
06/11/2018 06/11/18 For Sale $5,750,000 +15.0% $2,264 / Sq Ft
01/27/2014 01/27/14 Sold $5,000,000 -2.9% $1,972 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
11/06/2013 11/06/13 Price Changed $5,150,000 -0.5% $2,032 / Sq Ft
06/18/2013 06/18/13 For Sale $5,175,000 -- $2,041 / 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 $62,860 $6,090,729 $4,796,729 $1,294,000
2024 $62,860 $5,971,304 $4,702,676 $1,268,628
2023 $62,658 $5,854,220 $4,610,467 $1,243,753
2022 $60,682 $5,739,432 $4,520,066 $1,219,366
2021 $59,964 $5,626,895 $4,431,438 $1,195,457
2020 $58,680 $5,569,200 $4,386,000 $1,183,200
2019 $57,550 $5,460,000 $4,300,000 $1,160,000
2018 $56,790 $5,386,847 $4,094,005 $1,292,842
2017 $55,570 $5,281,224 $4,013,731 $1,267,493
2016 $54,646 $5,177,672 $3,935,031 $1,242,641
2015 $53,825 $5,099,900 $3,875,924 $1,223,976
2014 $51,464 $4,833,235 $3,651,779 $1,181,456
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81709653

MLSListings

APN: 009-442-006-000