NOT LISTED FOR SALE

333 Branner Ave Monterey, CA 93940

Del Monte Beach Neighborhood

Estimated Value: $748,000 - $1,044,169

3 Beds
2 Baths
991 Sq Ft
$885/Sq Ft Est. Value

Sale Details

Date Sold: January 8, 2024

Last sale price $804,000 $811 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $5,474 / mo

43 Days on Market

Highlights

  • Tile Countertops
  • Shed
  • Grass Covered Lot
  • Monterey High School Rated A
  • Fenced
  • 1-Story Property

About This Home

As of January 2024

Two Monterey free-standing cottages on one parcel in Monterey. Live in one and rent the second. Perfect for a weekend home with rental income. Both foundations are newer. The last tenants rented the two-bedroom unit, 333 Branner, for $2050 and the one-bedroom unit, 335 Branner, for $1850. The property is fenced. The rear unit has a large private yard. Both units have washer-dryer hookups.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/09/2023

Last Buyer's Agent

Jackie Hesley

Napa River Realty License #01865493

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 4,125 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 991 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Range Hood
  • Tile Countertops
  • Formica Countertops

Outdoor Features

  • Shed

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $46,800

Community Details

Overview

  • 991 Sq Ft Building

Building Details

  • Gardener Expense $300
  • Insurance Expense $1,200
  • Maintenance Expense $3,000
  • Other Expense $1,000
  • Utility Expense $2,000
  • Operating Expense $16,500
  • Gross Income $45,396

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

4,125 Sq Ft Lot

Listing Details

  • Zoning: R-1-6
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 991
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Formica, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 991
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 545

Lot Info

  • Lot Acres: 0.0947
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4125.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4125.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 18.14

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 300
  • Expense Maintenance: 3000
  • Expenses Other: 1000
  • Expenses Total: 16500
  • Expenses Utility: 2000
  • Income Annual Gross: 45396.00
  • Income Annual Rental: 46800
  • Income Gross Scheduled: 46800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Dec 29, 2023
Sold by
Bought by
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Jackie Hesley
Napa River Realty
List Price
$849,000
Sold Price
$804,000
Premium/Discount to List
-$45,000
-5.3%
Views
160
Current Estimated Value
$877,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,042
Avg. Annual Appreciation
3.71%
Original Mortgage
$320,000
Outstanding Balance
$315,537
Interest Rate
8.13%
Mortgage Type
New Conventional
Estimated Equity
$561,505

Purchase Details

Closed on
Dec 28, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,750
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.63%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2004
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2003
Sold by
Bought by

Purchase Details

Closed on
Mar 31, 2002
Sold by
Bought by

Purchase Details

Closed on
Nov 15, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$804,000 Chicago Title
$785,000 Chicago Title
$275,000 Chicago Title Company
-- --
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $320,000
Previous Owner $588,750
Previous Owner $240,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/08/2024 01/08/24 Sold $804,000 -5.3% $811 / Sq Ft
11/22/2023 11/22/23 Pending -- -- --
10/09/2023 10/09/23 For Sale $849,000 -- $857 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,886 $820,080 $580,380 $239,700
2024 $8,886 $800,700 $561,000 $239,700
2023 $3,552 $785,000 $550,000 $235,000
2022 $3,504 $312,854 $255,974 $56,880
2021 $3,453 $306,720 $250,955 $55,765
2020 $3,325 $303,576 $248,382 $55,194
2019 $3,485 $297,624 $243,512 $54,112
2018 $3,348 $291,789 $238,738 $53,051
2017 $3,105 $286,068 $234,057 $52,011
2016 $3,050 $280,460 $229,468 $50,992
2015 $3,007 $276,249 $226,022 $50,227
2014 $2,984 $275,590 $275,590 $0
Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2024

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    1 in this area

    51 Total Sales

    Hap Albers
    Section Image

  • J

    Buyer's Agent in 2024

    Jackie Hesley

    Napa River Realty

    (707) 651-9565

    1 in this area

    13 Total Sales

    Jackie Hesley
    Section Image
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Map

Source: MLSListings

MLS Number: ML81944526

MLSListings

APN: 013-071-018-000

California Monterey County Monterey 93940 Del Monte Beach

333 Branner Ave, Monterey, CA

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