NOT LISTED FOR SALE

346 Pine Ave Pacific Grove, CA 93950

Estimated Value: $1,650,000 - $2,031,000

4 Beds
4 Baths
1,962 Sq Ft
$907/Sq Ft Est. Value

Last Sold October 03, 2019

Last sale price $1,495,000 $762 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,733/month

24 Days on Market

Highlights

  • Ocean View
  • Traditional Architecture
  • 2 Car Detached Garage
  • Robert Down Elementary School Rated A
  • Granite Countertops
  • Laundry Room

About This Home

As of October 2019

Be prepared to be impressed! 346-348 Pine Ave Pacific Grove is sure to please! This Duplex was taken down to the studs and redone inside and out with completion in 2017! During the project, from the street you could see the bay looking through the structure! No attention to detail was skipped or missed. 348, the Upper unit offers nearly 180 degree views of the Monterey Bay with a great balcony/deck across the entire unit. 346, the Lower unit offers water views as well, and offers a great outdoor deck space with views. Live in one, rent the other or use it for overflow for your family and friends.

Last Agent to Sell the Property

J.R. Rouse

Intero Real Estate Services License #01299649 Listed on: 08/09/2019

Intero Real Estate Services

Last Buyer's Agent

Richard Beale

Beale Properties License #00613671

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 3,598 Sq Ft Lot
  • Mostly Level

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Flat Roof Shape
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,962 Sq Ft Home
  • 2-Story Property
  • Storage Room
  • Tile Flooring
  • Ocean Views

Kitchen

  • Range Hood
  • Dishwasher
  • Granite Countertops

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $156,018

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,573
  • Insurance Expense $1,639
  • Maintenance Expense $685
  • Manager Expense $23,964
  • Other Expense $2,390
  • Utility Expense $7,483
  • Trash Expense $956
  • Operating Expense $50,283
  • Gross Income $156,018

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Countertop - Granite, Dishwasher, Hood Over Range, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 1962
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Flat / Low Pitch
  • View: Ocean
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Gas, Radiant
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0826
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00

Rental Info

  • Gross Rent Multiplier: 10.21
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1639
  • Expense Landscape: 1573
  • Expense Maintenance: 685
  • Expense Management: 23964
  • Expenses Other: 2390
  • Expenses Total: 50283
  • Expenses Utility: 7483
  • Expense Trash: 956
  • Income Annual Gross: 156018.00
  • Income Annual Rental: 156018
  • Income Gross Scheduled: 156018
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2019
Closed on
Sep 23, 2019
Sold by
Kranen Kevin J and Kranen Kathryn D
Bought by
Red Cypress Properties Llc
Seller's Agent
J.R. Rouse
Intero Real Estate Services
Buyer's Agent
Richard Beale
Beale Properties
List Price
$1,593,000
Sold Price
$1,495,000
Premium/Discount to List
-$98,000
-6.15%
Current Estimated Value
$1,779,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$284,974
Avg. Annual Appreciation
2.83%

Purchase Details

Listed on
Aug 26, 2015
Closed on
Feb 10, 2016
Sold by
Back Dieter P
Bought by
The Kevin & Kathryn Kranen Living Trust
Seller's Agent
Peggy Jones
The Jones Group-Coast & Country Real Estate
Buyer's Agent
Todd Beardsley
Menlo Atherton Realty
List Price
$1,100,000
Sold Price
$930,000
Premium/Discount to List
-$170,000
-15.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.01%

Purchase Details

Closed on
Oct 27, 2008
Sold by
Back Dieter P
Bought by
Back Dieter P and Dieter P Back Survivors Trust

Purchase Details

Closed on
Jun 21, 2005
Sold by
Signorella Maureen D
Bought by
Back Dieter P and Back Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1998
Sold by
Signorella Jack Milton
Bought by
Signorella Maureen Duffy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Red Cypress Properties Llc $1,495,000 Orange Coast Ttl Co Of Nocal
The Kevin & Kathryn Kranen Living Trust $930,000 Chicago Title Company
Back Dieter P -- None Available
Back Dieter P $1,150,000 Old Republic Title
Signorella Maureen Duffy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Back Dieter P $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2019 10/03/19 Sold $1,495,000 -6.2% $762 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $1,593,000 +71.3% $812 / Sq Ft
02/19/2016 02/19/16 Sold $930,000 -15.5% $462 / Sq Ft View Prior Sale
02/09/2016 02/09/16 Pending -- -- --
08/26/2015 08/26/15 For Sale $1,100,000 -- $547 / 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 $17,099 $1,634,998 $984,280 $650,718
2024 $17,099 $1,602,940 $964,981 $637,959
2023 $17,302 $1,571,510 $946,060 $625,450
2022 $16,951 $1,540,697 $927,510 $613,187
2021 $16,865 $1,510,488 $909,324 $601,164
2020 $16,526 $1,495,000 $900,000 $595,000
2019 $11,262 $1,028,538 $636,724 $391,814
2018 $11,038 $1,008,372 $624,240 $384,132
2017 $10,424 $948,600 $612,000 $336,600
2016 $10,449 $930,000 $600,000 $330,000
2015 $9,826 $875,000 $500,000 $375,000
2014 $8,980 $800,000 $450,000 $350,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81764082

MLSListings

APN: 006-265-008-000