NOT LISTED FOR SALE

3168 Palmero Way Pebble Beach, CA 93953

Estimated Value: $3,907,000 - $4,840,000

4 Beds
4.5 Baths
3,236 Sq Ft
$1,362/Sq Ft Est. Value

Last Sold December 22, 2016

Last sale price $2,300,000 $711 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $26,095/month

233 Days on Market

Highlights

  • Ocean View
  • 1.94 Acre Lot
  • Traditional Architecture
  • Carmel River Elementary School Rated A+
  • Deck
  • Wood Flooring

About This Home

As of December 2016

Set on an expansive nearly 2 acre ocean view lot in the most sought after area of Pebble Beach, this traditional Palmero Way estate is filled with old world charm from a bygone era. Conveniently located close to The Lodge, the property seamlessly blends classic and elegant sophistication. With 3 bedrooms and 3 1/2 baths in the main residence, and 1 bedroom and 1 full bath in the guest house, there are a multitude of ways to reimagine and transform space. Come and explore a spectacular ocean view remodel opportunity in a spectacular Pebble Beach location.

Last Agent to Sell the Property

Adam Moniz

Sotheby’s International Realty License #01885594 Listed on: 03/21/2016

Sotheby’s International Realty

Last Buyer's Agent

Courtney Adamski

Carmel Realty Company License #01444609

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,018

Year Built

  • Built in 1948

Lot Details

  • 1.94 Acre Lot
  • Lot Sloped Down
  • Zoning described as LDR

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Wood Shingle Roof
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,236 Sq Ft Home
  • 2-Story Property
  • 5 Fireplaces
  • Wood Burning Fireplace
  • Separate Family Room
  • Formal Dining Room
  • Library
  • Ocean Views
  • Washer and Dryer

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Corian Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathtub with Shower

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Assessor Parcel Number 008-341-035-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,018

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Traditional
  • Property Condition: Fixer Upper
  • Age: 68
  • Listing Class: Residential
  • Structure Sq Ft: 3236
  • Incorporated: Yes
  • Year Built: 1948
  • Zoning Description: LDR
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Solid Surface / Corian, Exhaust Fan, Freezer, Garbage Disposal, Ice Maker, Microwave, Oven - Double, Refrigerator
  • Living Sq Ft: 3236
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Guest House, Library
  • Fireplaces Min: 5
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Shower and Tub, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter and Slab
  • Roof: Slate, Wood Shakes / Shingles
  • View: Ocean
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Carmel Unified

Lot Info

  • Lot Description: Grade - Sloped Down, Views
  • Parcel Number: 008-341-035-000
  • Lot Acres: 1.9390
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 84475.91
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 84475.91

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
Mar 21, 2016
Closed on
Nov 23, 2016
Sold by
Whiting Carole and The Carole Whiting Living Trus
Bought by
Selker Mark D and Selker Linda Y
Seller's Agent
Adam Moniz
Sotheby’s International Realty
Buyer's Agent
Courtney Adamski
Carmel Realty Company
List Price
$3,199,000
Sold Price
$2,300,000
Premium/Discount to List
-$899,000
-28.1%
Current Estimated Value
$4,302,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,002,081
Avg. Annual Appreciation
7.65%
Original Mortgage
$1,600,000
Outstanding Balance
$1,300,727
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$3,044,914

Purchase Details

Closed on
Oct 28, 2015
Sold by
Morgan Cathy R
Bought by
Morgan Cathy R and Cathy R Morgan Living Trust

Purchase Details

Closed on
Jan 8, 2015
Sold by
Whiting Carole
Bought by
Whiting Carole and Carole Whiting Living Trust

Purchase Details

Closed on
Jun 25, 2014
Sold by
Millard Paula
Bought by
Watts Timothy Grant

Purchase Details

Closed on
Nov 23, 2012
Sold by
Vitt Karl H and Vitt Survivors Trust
Bought by
Watts Timothy Grant and Whiting Carole

Purchase Details

Closed on
Nov 4, 2008
Sold by
Vitt Karl H and Vitt Qualified Personal Reside
Bought by
Watts Timothy Grants and Whiting Carole

Purchase Details

Closed on
Nov 4, 2005
Sold by
Vitt Karl H and Vitt Survivors Trust
Bought by
Vitt Karl H and Vitt Survivors Trust

Purchase Details

Closed on
Sep 7, 2005
Sold by
Vitt Karl H and 1992 Vitt Revocable Trust
Bought by
Vitt Karl H and Vitt Survivors Trust
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
Selker Mark D $2,300,000 Chicago Title Company
Morgan Cathy R -- None Available
Whiting Carole -- None Available
Watts Timothy Grant $400,000 None Available
Watts Timothy Grant -- None Available
Watts Timothy Grants -- None Available
Vitt Karl H -- --
Vitt Karl H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Selker Mark D $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2016 12/22/16 Sold $2,300,000 -8.0% $711 / Sq Ft
11/10/2016 11/10/16 Pending -- -- --
10/24/2016 10/24/16 Price Changed $2,499,000 -2.0% $772 / Sq Ft
09/13/2016 09/13/16 Price Changed $2,549,000 -11.5% $788 / Sq Ft
07/05/2016 07/05/16 Price Changed $2,879,000 -10.0% $890 / Sq Ft
03/21/2016 03/21/16 For Sale $3,199,000 -- $989 / 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 $28,018 $2,669,342 $2,205,110 $464,232
2024 $28,018 $2,617,003 $2,161,873 $455,130
2023 $27,831 $2,565,690 $2,119,484 $446,206
2022 $26,892 $2,515,383 $2,077,926 $437,457
2021 $26,575 $2,466,063 $2,037,183 $428,880
2020 $25,986 $2,440,778 $2,016,295 $424,483
2019 $25,455 $2,392,920 $1,976,760 $416,160
2018 $24,960 $2,346,000 $1,938,000 $408,000
2017 $24,428 $2,300,000 $1,900,000 $400,000
2016 $7,893 $703,605 $499,839 $203,766
2015 -- $693,037 $492,331 $200,706
2014 -- $236,571 $113,154 $123,417
Source: Public Records

Agents Affiliated with this Home

  • Adam Moniz

    Seller's Agent in 2016

    Adam Moniz

    Sotheby’s International Realty

    (831) 601-3320

    1 in this area

    15 Total Sales

    Section Image
  • Courtney Adamski

    Buyer's Agent in 2016

    Courtney Adamski

    Carmel Realty Company

    (831) 915-3913

    2 in this area

    21 Total Sales

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Map

Source: MLSListings

MLS Number: ML81566233

MLSListings

APN: 008-341-035-000

California Monterey County Pebble Beach 93953

3168 Palmero Way, Pebble Beach, CA

This home is located at 3168 Palmero Way, Pebble Beach, CA 93953 since 21 March 2016 and is currently estimated at $4,408,884, approximately $1,362 per square foot. This property was built in 1948. 3168 Palmero Way is a home located in Monterey County with nearby schools including Carmel River Elementary School, Carmel Middle School, and Carmel High School.

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