NOT LISTED FOR SALE

342 Van Buren St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,492,000 - $1,956,000

4 Beds
3 Baths
2,239 Sq Ft
$768/Sq Ft Est. Value

Last Sold June 16, 2022

Last sale price $1,525,000 $681 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $10,836/month

17 Days on Market

Highlights

  • Mountain View
  • Traditional Architecture
  • 1-Story Property
  • Monterey High School Rated A
  • Forced Air Heating System

About This Home

As of June 2022

You can't beat this Monterey location. Walk to downtown, restaurants, parks, medical, walk/bike paths & close to the Wharf. Middlebury Institute of International Studies...within a few blocks, close to DLI. Front unit is a lovely 2 bedroom 2 bath with the charm you would expect from an Monterey home built in the 40's. The front unit has a large open kitchen, lots of natural light. The cozy backyard is perfect for entertaining & a barbecue with family or friends. The rear unit is newer construction than the front unit and very well maintained. This unit is elevated offering views & two decks. One deck off front of property & rear deck off a bedroom. Both units have interior laundry. This could be an owner occupied unit with rental income OR investment opportunity. These type of properties rarely come on the market. Sq.ft./lot size/age/schools not verified by listing office.

Last Agent to Sell the Property

Susan Lubin-Brownlie

Coldwell Banker/Gay Dales License #01069736 Listed on: 04/04/2022

Coldwell Banker/Gay Dales

Last Buyer's Agent

Chantel Henson

Vanco Real Estate Executives License #01271580

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,557

Year Built

  • 1943

Lot Details

  • 6,203 Sq Ft Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,239 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Parking

  • 5 Carport Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Floor Furnace

Listing and Financial Details

  • Total Actual Rent $57,825

Community Details

Overview

  • 2,239 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,080
  • Maintenance Expense $121
  • Manager Expense $4,632
  • Utility Expense $36
  • Trash Expense $75
  • Operating Expense $9,249

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,557

Year Built

1943

Lot Details

0

Listing Details

  • Zoning: R-3-6, MDR
  • Subclass: Duplex
  • Style: Traditional
  • Age: 79
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2239
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Living Sq Ft: 2239
  • Stories: 1

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • View: Mountains

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking
  • Carport Min: 5

Utilities

  • Heating System: Central Forced Air - Gas, Floor Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1424
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6201.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6201.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.94
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Landscape: 1080
  • Expense Maintenance: 121
  • Expense Management: 4632
  • Expenses Total: 9249
  • Expenses Utility: 36
  • Expense Trash: 75
  • Income Annual Rental: 57825
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance, Utilities
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Jun 8, 2022
Sold by
Marie J Ferrante Trust and Ferry Joseph P
Bought by
Khader Daniel Munir and Khader Sandra
Seller's Agent
Susan Lubin-Brownlie
Coldwell Banker/Gay Dales
Buyer's Agent
Chantel Henson
Vanco Real Estate Executives
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%
Current Estimated Value
$1,720,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,271
Avg. Annual Appreciation
3.88%

Purchase Details

Closed on
Sep 4, 2003
Sold by
Ferrante Marie J
Bought by
Ferrante Marie J and The Marie J Ferrante Trust
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
Khader Daniel Munir $1,525,000 Chicago Title
Ferrante Marie J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Khader Daniel Munir $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2022 06/16/22 Sold $1,525,000 +1.7% $681 / Sq Ft
04/22/2022 04/22/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $1,500,000 -- $670 / 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 $17,557 $1,653,342 $689,785 $963,557
2024 $17,557 $1,621,610 $676,260 $945,350
2023 $16,955 $1,555,500 $663,000 $892,500
2022 $3,465 $1,525,000 $650,000 $875,000
2021 $3,416 $299,287 $128,158 $171,129
2020 $3,291 $296,219 $126,844 $169,375
2019 $3,447 $290,411 $124,357 $166,054
2018 $4,189 $284,718 $121,919 $162,799
2017 $3,708 $279,136 $119,529 $159,607
2016 $3,023 $273,664 $117,186 $156,478
2015 $2,981 $269,554 $115,426 $154,128
2014 $2,932 $264,274 $113,165 $151,109
Source: Public Records

Agents Affiliated with this Home

  • Susan Lubin-Brownlie

    Seller's Agent in 2022

    Susan Lubin-Brownlie

    Coldwell Banker/Gay Dales

    (831) 320-3001

    2 in this area

    99 Total Sales

    Section Image
  • Chantel Henson

    Buyer's Agent in 2022

    Chantel Henson

    Vanco Real Estate Executives

    (831) 809-4100

    1 in this area

    122 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81885348

MLSListings

APN: 001-382-007-000

California Monterey County Monterey 93940 Old Town

342 Van Buren St, Monterey, CA

This home is located at 342 Van Buren St, Monterey, CA 93940 since 04 April 2022 and is currently estimated at $1,719,197, approximately $767 per square foot. This property was built in 1943. 342 Van Buren St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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