NOT LISTED FOR SALE

Estimated Value: $2,019,000 - $2,362,773

4 Beds
4 Baths
3,164 Sq Ft
$676/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $1,550,000 $490 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $12,687/month

59 Days on Market

Highlights

  • Bay View
  • Hilly Lot
  • Forced Air Heating System
  • Robert Down Elementary School Rated A
  • 4 Car Attached Garage
  • Washer and Dryer

About This Home

As of February 2021

Beautiful Duplex built in 1991 has 2 bedrooms and 2 full bathrooms. Each unit has a two oversized car garages. Great location close to water, downtown PG and Cannery Row. Unit B recently remodeled and ready for new owner/tenant.

Last Agent to Sell the Property

Steven Hunt

Sotheby’s International Realty License #01953808 Listed on: 09/29/2020

Sotheby’s International Realty

Last Buyer's Agent

Giulio Benetti

KW Coastal Estates License #01958095

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,545

Year Built

  • 1991

Lot Details

  • 3,598 Sq Ft Lot
  • Hilly Lot
  • Back Yard

Parking

  • 4 Car Attached Garage

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,164 Sq Ft Home
  • Bay Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $500
  • Insurance Expense $2,400
  • Operating Expense $18,900
  • Gross Income $82,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,545

Year Built

1991

Lot Details

0

Parking

4

Listing Details

  • Zoning: Multi Family
  • Subclass: Duplex
  • Age: 29
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3164
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1991

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 3164
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Description: Grade - Hilly
  • Lot Acres: 0.0826
  • 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: 18.99
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2400
  • Expense Landscape: 500
  • Expenses Total: 18900
  • Income Annual Gross: 82320.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Feb 9, 2021
Sold by
Mcreynolds Larry D and Mcreynolds Mary P
Bought by
Jajoo Vijay and Kwatra Vandhana
Seller's Agent
Steven Hunt
Sotheby’s International Realty
Buyer's Agent
Giulio Benetti
KW Coastal Estates
List Price
$1,595,000
Sold Price
$1,550,000
Premium/Discount to List
-$45,000
-2.82%
Current Estimated Value
$2,140,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590,258
Avg. Annual Appreciation
7.11%
Original Mortgage
$1,007,500
Outstanding Balance
$914,767
Interest Rate
3.62%
Mortgage Type
New Conventional
Estimated Equity
$1,225,491

Purchase Details

Closed on
Mar 31, 2003
Sold by
Mcreynolds Larry D and Mcreynolds Mary P
Bought by
Mcreynolds Larry D and Mcreynolds Mary P
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jajoo Vijay $1,550,000 Chicago Title Company
Mcreynolds Larry D -- --
Mcreynolds Larry D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jajoo Vijay $1,007,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $1,550,000 -2.8% $490 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $1,595,000 -- $504 / 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 $17,545 $1,677,768 $974,188 $703,580
2024 $17,545 $1,644,872 $955,087 $689,785
2023 $17,739 $1,612,620 $936,360 $676,260
2022 $17,379 $1,581,000 $918,000 $663,000
2021 $8,141 $1,550,000 $900,000 $650,000
2020 $7,978 $717,432 $329,852 $387,580
2019 $7,725 $703,366 $323,385 $379,981
2018 $7,572 $689,576 $317,045 $372,531
2017 $7,449 $676,056 $310,829 $365,227
2016 $7,467 $662,801 $304,735 $358,066
2015 $7,347 $652,846 $300,158 $352,688
2014 $7,194 $640,059 $294,279 $345,780
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81813229

MLSListings

APN: 006-256-012-000