NOT LISTED FOR SALE

Estimated Value: $709,000 - $1,027,000

3 Beds
1.5 Baths
1,060 Sq Ft
$817/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $267,000 $252 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $5,662/month

151 Days on Market

Highlights

  • Community Beach Access
  • Attic
  • Enclosed Patio or Porch
  • Oceanside
  • Cottage
  • Air Conditioning

About This Home

As of September 2020

This large home is only steps from the beach in the private community, Monterey Beach. The large lot provides a roomy back yard that's perfect for entertaining. Spacious living room leads into a enclosed porch that can be separated by a sliding door for privacy so can double as a fourth bedroom. This home is on leased land which is $17,500 per year for 20 years on top of taxes. Leased land can provide additional tax benefits if the house is rented seasonally--prime weeks are currently $2800 per week, could be higher if home is updated. Other features include full size washer and dryer, eat in kitchen, large master bedroom with slider to back patio, paver driveway and enclosed outside shower. Home is currently in the X zone and preliminary maps show it stays.

Last Agent to Sell the Property

Angela Serio

Ocean Beach Sales License #0125329 Listed on: 03/13/2020

Last Buyer's Agent

Justin Smith

Richard I. Wood Agency License #0897635

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,384

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 40 x 103
  • Fenced
  • Land Lease

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Cottage
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,060 Sq Ft Home
  • 1-Story Property
  • Light Fixtures
  • Sliding Doors
  • Crawl Space
  • Attic

Kitchen

  • Electric Cooktop
  • Microwave

Flooring

  • Wall to Wall Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway with Pavers
  • Paver Block

Outdoor Features

  • Oceanside
  • Enclosed Patio or Porch

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: outside furniture and personal items
  • Assessor Parcel Number 08-00945-12-00018

Community Details

Recreation

  • Community Beach Access
  • Beach
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,384

Year Built

Built in 1968

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Ocean Block, Oceanside, Leased Land
  • Reso Association Amenities: Beach, Association, Playground
  • Inclusions: AC Units, Washer, Dryer, Electric Cooking, Light Fixtures, Microwave, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Cottage/Bungalow
  • Reso Interior Features: Attic, Sliding Door
  • New Construction: No
  • Year Built: 1968
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 40 x 103
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Interior Attic: Yes
  • Included Electric Cooking: Yes
  • Included Light Fixtures: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Number Appliances Included A C Units: Yes
  • Common Elements Playground: Yes
  • Parking Paver Block: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: Yes
  • Lot Description Leased Land: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bath Floor - LinoleumVinyl7: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: outside furniture and personal items
  • Exterior Features: Fence, Patio, Porch - Enclosed
  • Construction:Siding - Vinyl: Yes
  • Features Exterior:Porch Enclosed: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paver Block, Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric, Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 40 x 103
  • Parcel #: 08-00945-12-00018
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 10384.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2025
Sold by
Peggy S Adair Irrevocable Trust and Sawyer Otis S
Bought by
Merchant Tasneem
Current Estimated Value
$865,839

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Outstanding Balance
$511,506
Interest Rate
6.93%
Mortgage Type
New Conventional
Estimated Equity
$354,333

Purchase Details

Listed on
Mar 13, 2020
Closed on
Sep 8, 2020
Sold by
Rubel Robert J and Rubel Susan
Bought by
Merchant Moses and Merchant Tasneem
Seller's Agent
Angela Serio
Ocean Beach Sales
Buyer's Agent
Justin Smith
Richard I. Wood Agency
List Price
$289,900
Sold Price
$267,000
Premium/Discount to List
-$22,900
-7.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.18%

Purchase Details

Closed on
Sep 17, 2004
Sold by
Peggy S Adair Irrevocable Family Trust
Bought by
Peggy S Adair Irrevocable Family Trust and Sawyer Otis S
Source: Public Records

Range of Values:

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Average Value
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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
Merchant Tasneem $720,000 Kelly Title
Merchant Tasneem $720,000 Kelly Title
Merchant Moses $267,000 Surety Title
Merchant Moses $267,000 Surety Title
Peggy S Adair Irrevocable Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merchant Tasneem $515,000
Closed Merchant Tasneem $515,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2020 09/14/20 Sold $267,000 -7.9% $252 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $289,900 -- $273 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $12,126 $665,900 $547,000 $118,900
2024 $11,527 $665,900 $547,000 $118,900
2023 $11,136 $665,900 $547,000 $118,900
2022 $11,136 $667,200 $547,000 $120,200
2021 $10,902 $435,200 $351,000 $84,200
2020 $10,854 $435,200 $351,000 $84,200
2019 $10,384 $435,200 $351,000 $84,200
2018 $10,245 $435,200 $351,000 $84,200
2017 $10,158 $435,200 $351,000 $84,200
2016 $9,892 $435,200 $351,000 $84,200
2015 $9,518 $435,200 $351,000 $84,200
2014 $9,061 $435,200 $351,000 $84,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22010267

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00945-12-00018