NOT LISTED FOR SALE

291 Watson St Monterey, CA 93940

Old Town Neighborhood
3 Beds
5 Baths
2,437 Sq Ft
6,708 Sq Ft Lot

Last Sold February 03, 2017

Last sale price $1,079,000 $443 Per Sq Ft

118 Days on Market

Highlights

  • Bay View
  • Craftsman Architecture
  • Wood Flooring
  • Monterey High School Rated A
  • Vaulted Ceiling
  • Attic

About This Home

As of February 2017

An excellent investment property, a comfortable home plus two apartments with views of the Bay. Three car garage leading on back side of house allowing great privacy for both tenant and owner. Originally built in 1929 and has been owned by the same family since 1965. The home is well maintained with new carpets, wood flooring, and recently painted. The living room has the Monterey charm of the early thirties fireplace and granite countertops. There is one tenant in the studio currently on a month to month agreement, other two properties are ready for the next tenant or owner.

Last Agent to Sell the Property

Peter K. Scott

Cypress Realty License #01235542 Listed on: 09/29/2016

Co-Listed By

Dave Kaemmerling

Cypress Realty License #01406354

Last Buyer's Agent

Zach Goldman

KW Coastal Estates License #01389092

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1929

Lot Details

  • 6,708 Sq Ft Lot
  • Fenced
  • Drought Tolerant Landscaping
  • Grass Covered Lot

Parking

  • 3 Car Detached Garage
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking
  • Assigned Parking

Property Views

  • Bay
  • City Lights
  • Hills

Home Design

  • Triplex
  • Craftsman Architecture
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2,437 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Fireplace
  • Washer and Dryer
  • Attic

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $37,550

Community Details

Overview

  • 2,437 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $258
  • Insurance Expense $567
  • Maintenance Expense $579
  • Utility Expense $1,261
  • Trash Expense $118
  • Operating Expense $4,298
  • Gross Income $37,632

Property Details

Home Type

Multi-Family

Year Built

1929

Lot Details

0

Parking

3

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Style: Contemporary, Craftsman
  • Age: 87
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2437
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1929

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Cooktop - Gas, Countertop - Granite, Countertop - Solid Surface / Corian, Dishwasher, Hookups - Gas, Microwave, Oven - Gas, Refrigerator
  • Living Sq Ft: 2437
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Attic, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Bay, City Lights, Hills, Water
  • Yard/Grounds: Balcony / Patio, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 5
  • Garage Parking Features: Assigned Spaces, Detached Garage, Off-Street Parking, On Street, Uncovered Parking

Utilities

  • Heating System: Central Forced Air, Fireplace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Monterey Peninsula Unified
  • High School: Monterey High
  • High School: 545

Lot Info

  • Lot Acres: 0.1540
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6708.24
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6708.24

Green Features

  • Energy Features: Skylight

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 31.89
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 567
  • Expense Landscape: 258
  • Expense Maintenance: 579
  • Expenses Total: 4298
  • Expenses Utility: 1261
  • Expense Trash: 118
  • Income Annual Gross: 37632.00
  • Income Annual Rental: 37550
  • Income Gross Scheduled: 39200
  • Income Includes: Parking
  • Income Other: 1650
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Utilities
  • Vacancy Factor: 4

Range of Values:

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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 Change Sq Ft Price
02/03/2017 02/03/17 Sold $1,079,000 -13.7% $443 / Sq Ft
01/26/2017 01/26/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $1,250,000 0.0% $513 / Sq Ft
12/19/2016 12/19/16 Pending -- -- --
12/04/2016 12/04/16 For Sale $1,250,000 0.0% $513 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
09/29/2016 09/29/16 For Sale $1,250,000 -- $513 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Peter K. Scott

    Cypress Realty

    Section Image
  • Dave Kaemmerling

    Seller Co-Listing Agent in 2017

    Dave Kaemmerling

    Cypress Realty

    (831) 239-3222

    13 Total Sales

    Dave Kaemmerling
    Section Image

  • Z

    Buyer's Agent in 2017

    Zach Goldman

    KW Coastal Estates

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81626498

MLSListings

APN: 001-381-033

California Monterey County Monterey 93940 Old Town

291 Watson St, Monterey, CA

This home is located at 291 Watson St, Monterey, CA 93940 since 29 September 2016. This property was built in 1929. 291 Watson St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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