NOT LISTED FOR SALE

325 Watson St Monterey, CA 93940

Old Town Neighborhood
6 Beds
-- Bath
2,300 Sq Ft
1918 Built

Last Sold November 21, 2012

Last sale price $760,000 $330 Per Sq Ft

4 Days on Market

Highlights

  • Deck
  • Balcony
  • Carpet
  • Monterey High School Rated A
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of November 2012

Great investment opportunity. Front house is a two bedroom, one bathroom with large laundry room, rear deck and extra storage. Each unit in the duplex is a two bedroom and one bathroom. Each unit has large oversized one car garage.

Last Agent to Sell the Property

Steve Cardinalli

Cardinalli Real Estate License #01739549 Listed on: 10/31/2012

Last Buyer's Agent

Steve Cardinalli

Cardinalli Real Estate License #01739549 Listed on: 10/31/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1918

Parking

  • Private Parking

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Ceiling Insulation
  • Composition Roof

Interior Spaces

  • Low Flow Shower
  • 2,300 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $4,650

Community Details

Overview

  • 3 Units
  • 2,300 Sq Ft Building

Building Details

  • Gardener Expense $300
  • Insurance Expense $1,400
  • Maintenance Expense $1,200
  • Manager Expense $1,450
  • Operating Expense $10,727
  • Gross Income $59,242

Property Details

Home Type

Multi-Family

Year Built

1918

Lot Details

0

Listing Details

  • Zoning: res
  • Subclass: Triplex
  • Inspections Reports: Fault Zone
  • Sale Price Per Sq Ft: 330.43
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1918

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2300
  • Stories: 1
  • Laundry: Gas Hookup, In Garage, Laundry Area - In Unit
  • Flooring: Carpet - Area, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Foundation Pillars
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00

Green Features

  • Energy Features: Low Flow Shower, Ceiling Insulation, Walls Insulated

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 13.65

Multi Family

  • Expense Insurance: 1400
  • Expense Landscape: 300
  • Expense Maintenance: 1200
  • Expense Management: 1450
  • Expenses Total: 10727
  • Expense Water Sewer: 340
  • Income Annual Gross: 59242.00
  • Income Annual Rental: 4650
  • Income Gross Scheduled: 60451
  • Income Laundry: 55800
  • Income Other: 1
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Services - Sewer
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 1209
  • Vacancy Factor: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
11/21/2012 11/21/12 Sold $760,000 -7.9% $330 / Sq Ft
11/04/2012 11/04/12 Pending -- -- --
10/31/2012 10/31/12 For Sale $825,000 -- $359 / 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 $10,642 $968,928 $490,025 $478,903
2024 $10,642 $949,930 $480,417 $469,513
2023 $10,266 $931,305 $470,998 $460,307
2022 $10,126 $913,045 $461,763 $451,282
2021 $9,980 $895,143 $452,709 $442,434
2020 $9,606 $885,966 $448,068 $437,898
2019 $10,076 $868,595 $439,283 $429,312
2018 $9,677 $851,565 $430,670 $420,895
2017 $8,967 $834,869 $422,226 $412,643
2016 $8,515 $790,578 $416,094 $374,484
2015 $8,395 $778,703 $409,844 $368,859
2014 $8,252 $763,450 $401,816 $361,634
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2012

    Steve Cardinalli

    Cardinalli Real Estate

    (831) 375-0984

    3 in this area

    21 Total Sales

    Steve Cardinalli
    Section Image
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Map

Source: MLSListings

MLS Number: ML81239785

MLSListings

APN: 001-381-038

California Monterey County Monterey 93940 Old Town

325 Watson St, Monterey, CA

Not Listed for Sale

MultiFamily

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