NOT LISTED FOR SALE

305 Lobos Ave Pacific Grove, CA 93950

Estimated Value: $1,008,000 - $1,562,540

2 Beds
2 Baths
1,431 Sq Ft
$935/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $765,000 $535 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $8,053/month

8 Days on Market

Highlights

  • Wood Flooring
  • Robert Down Elementary School Rated A
  • Bungalow

About This Home

As of August 2016

Quaint and adorable duplex on a quiet street in the heart of Pacific Grove. Sunny open back yard, close to shopping, stroll to downtown and parks. Spacious design with large bedrooms and living rooms, hardwood floors and nice window outlooks! Each has an attached 1 car separated garage. Tenants are long term and keep the units tidy. Not many duplex properties available in town, hurry fast!

Last Agent to Sell the Property

Sam Piffero

Sotheby’s International Realty License #00690879 Listed on: 05/25/2016

Sotheby’s International Realty

Co-Listed By

Aisha A. Krechuniak

Sotheby’s International Realty License #01186400

Last Buyer's Agent

Katy Cowley

Cowley Properties License #01946911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,308

Year Built

  • 1949

Lot Details

  • 3,615

Parking

  • 2 Car Garage

Home Design

  • 1,431 Sq Ft Home
  • Duplex
  • Bungalow
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Vinyl

Additional Features

  • 3,615 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $22,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $787
  • Maintenance Expense $1,477
  • Utility Expense $834
  • Operating Expense $4,288
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,308

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Style: Bungalow
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1431
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 1431
  • Security: Fire Alarm
  • Flooring: Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Concrete

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.0830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 34.87
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 787
  • Expense Maintenance: 1477
  • Expenses Total: 4288
  • Expenses Utility: 834
  • Income Annual Gross: 22800.00
  • Income Annual Rental: 22800
  • Income Gross Scheduled: 22800
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 26, 2016
Sold by
Falge Michael Francis
Bought by
Croft Colleen L
Seller's Agent
Sam Piffero
Sotheby’s International Realty
Buyer's Agent
Katy Cowley
Cowley Properties
List Price
$795,000
Sold Price
$765,000
Premium/Discount to List
-$30,000
-3.77%
Current Estimated Value
$1,338,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,135
Avg. Annual Appreciation
6.32%

Purchase Details

Closed on
Apr 27, 2009
Sold by
Falge Richard A
Bought by
Falge Richard A and Falge Family Trust

Purchase Details

Closed on
Oct 23, 2006
Sold by
Falge Richard A and Falge Berit
Bought by
Falge Richard A and Falge Berit
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
Croft Colleen L $765,000 Chicago Title Company
Falge Richard A -- None Available
Falge Richard A -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2016 08/08/16 Sold $765,000 -3.8% $535 / Sq Ft
06/03/2016 06/03/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $795,000 -- $556 / 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 $9,308 $887,842 $638,320 $249,522
2024 $9,308 $870,434 $625,804 $244,630
2023 $9,454 $853,368 $613,534 $239,834
2022 $9,263 $836,636 $601,504 $235,132
2021 $9,216 $820,232 $589,710 $230,522
2020 $9,032 $811,823 $583,664 $228,159
2019 $8,746 $795,906 $572,220 $223,686
2018 $8,572 $780,300 $561,000 $219,300
2017 $8,434 $765,000 $550,000 $215,000
2016 $1,209 $98,947 $31,800 $67,147
2015 $1,190 $97,462 $31,323 $66,139
2014 $1,167 $95,554 $30,710 $64,844
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81587445

MLSListings

APN: 006-307-011-000