P
Seller's Agent in 2021
Pete Ruiz
KW Coastal Estates
321 Central Ave Pacific Grove, CA 93950
Estimated Value: $3,234,274
--
Bed
10
Baths
4,454
Sq Ft
$726/Sq Ft
Est. Value
Highlights
- Ocean View
- Guest Parking
- 3-minute walk to Berwick Park
- Robert Down Elementary School Rated A
- Forced Air Heating System
About This Home
As of October 2021This lovely lodging is a rare and multifaceted gem. Located one block from Ocean View Boulevard, the coastline Recreation Trail, and the City Center of Pacific Groves shops and restaurants, this home offers 10 bedrooms and 10 bathrooms, living room, formal dining room, kitchen, and sunroom. The property is dually zoned as Residential or Commercial use and is currently licensed as a B&B or Inn. The main house boasts 5 bedrooms, there are 5 additional rooms with individual entrances from the courtyard, also included are separate living quarters for on-sight management or owners quarters above the garage. The surrounding property is lush and green with garden areas for rest and relaxation. The property could qualify as an assisted living facility, multigenerational home, boarding & student housing or could continue to be operated as a B&B/Inn. This is an incredibly unique and rare opportunity to own a home and with a multitude of uses and zoning in the heart of downtown Pacific Grove!
Last Agent to Sell the Property
Pete Ruiz
KW Coastal Estates License #70010112 Listed on: 06/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $32,556
Year Built
- 1997
Lot Details
- 7,200 Sq Ft Lot
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,454 Sq Ft Home
- Ocean Views
Parking
- 2 Parking Spaces
- Guest Parking
- Off-Street Parking
Utilities
- Forced Air Heating System
- Sewer Within 50 Feet
Community Details
Overview
Building Details
- 2 Leased Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2021
Closed on
Oct 6, 2021
Sold by
Y & N Old St Angela Llc
Bought by
Liu Ying
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
John Filighera
John Filighera & Associates
List Price
$2,950,000
Sold Price
$2,900,000
Premium/Discount to List
-$50,000
-1.69%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,274
Avg. Annual Appreciation
2.36%
Original Mortgage
$1,670,000
Outstanding Balance
$439,642
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$2,739,177
Purchase Details
Closed on
Mar 13, 2014
Sold by
Mckneely Jerry Augustus and Mckneely Dianne Kathleen
Bought by
Y & N Old St Angela Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,465,000
Interest Rate
4.29%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Feb 23, 2007
Sold by
Mckneely Jerry A and Mckneely Dianne K
Bought by
Mckneely Jerry Augustus and Mckneely Dianne Kathleen
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,471,000
Interest Rate
6.21%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 22, 2004
Sold by
Shaefer Lewis H and Kuslis Susan L
Bought by
Mckneely Jerry A and Mckneely Dianne K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,710,000
Interest Rate
5.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 23, 1995
Sold by
Old Saint Angela Investors
Bought by
Shaefer Lewis H and Kuslis Susan L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Interest Rate
5.5%
Mortgage Type
Commercial
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Liu Ying | $2,900,000 | Chicago Title Company | |
| Y & N Old St Angela Llc | $2,245,000 | North American Title Co Inc | |
| Mckneely Jerry Augustus | -- | First American Title Co | |
| Mckneely Jerry A | $1,975,000 | First American Title | |
| Shaefer Lewis H | $695,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Liu Ying | $1,670,000 | |
| Previous Owner | Y & N Old St Angela Llc | $1,465,000 | |
| Previous Owner | Mckneely Jerry Augustus | $1,471,000 | |
| Previous Owner | Mckneely Jerry A | $1,710,000 | |
| Previous Owner | Shaefer Lewis H | $175,000 | |
| Previous Owner | Shaefer Lewis H | $2,000,000 | |
| Previous Owner | Shaefer Lewis H | $1,350,000 | |
| Previous Owner | Shaefer Lewis H | $486,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/08/2021 10/08/21 | Sold | $2,900,000 | -1.7% | $651 / Sq Ft |
| 08/05/2021 08/05/21 | Pending | -- | -- | -- |
| 06/28/2021 06/28/21 | For Sale | $2,950,000 | -- | $662 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $32,556 | $3,114,506 | $1,273,449 | $1,841,057 |
| 2024 | $32,556 | $3,017,160 | $1,248,480 | $1,768,680 |
| 2023 | $33,214 | $2,958,000 | $1,224,000 | $1,734,000 |
| 2022 | $32,555 | $2,900,000 | $1,200,000 | $1,700,000 |
| 2021 | $25,952 | $2,900,000 | $1,200,000 | $1,700,000 |
| 2020 | $25,502 | $2,280,668 | $616,491 | $1,664,177 |
| 2019 | $24,749 | $2,240,452 | $604,403 | $1,636,049 |
| 2018 | $24,300 | $2,200,478 | $592,552 | $1,607,926 |
| 2017 | $24,380 | $2,200,489 | $580,934 | $1,619,555 |
| 2016 | $24,470 | $2,160,059 | $569,544 | $1,590,515 |
| 2015 | $24,188 | $2,137,270 | $560,989 | $1,576,281 |
| 2014 | $24,032 | $2,126,349 | $682,251 | $1,444,098 |
Source: Public Records
Agents Affiliated with this Home
-
-
John Filighera
J
Buyer's Agent in 2021
John Filighera
John Filighera & Associates
(831) 645-1000
1 in this area
16 Total Sales
Map
Source: MLSListings
MLS Number: ML81851189
APN: 006-204-015-000
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