NOT LISTED FOR SALE

355 Monroe St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,138,507 - $1,534,000

5 Beds
3 Baths
1,976 Sq Ft
$706/Sq Ft Est. Value

Last Sold May 10, 2016

Last sale price $849,000 $430 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $8,088/month

12 Days on Market

Highlights

  • Wood Flooring
  • Spanish Architecture
  • 2 Car Attached Garage
  • Monterey High School Rated A
  • Fireplace
  • Washer and Dryer

About This Home

As of May 2016

2 separate homes in the heart of Monterey. Both on one parcel, separately metered, recent upgrades on both units. This is one of the most solid rental markets on the Peninsula for investors. Properties such as these do not come available too often. Many possibilities for an investor, live in one, rent the other. Washer/dryer included in the front house. The washer/dryer in place is the tenants, the one that is included is in the basement. No warranty on either of them.

Last Agent to Sell the Property

James Poulos

A & D Property Management License #00495065 Listed on: 04/09/2016

Last Buyer's Agent

Steve Cardinalli

Cardinalli Real Estate License #01739549

Property Details

Home Type

  • Multi-Family

Year Built

  • 1931

Lot Details

  • 5,184 Sq Ft Lot
  • Fenced

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Duplex
  • Spanish Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 1,976 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,240

Community Details

Overview

  • 1,976 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,170
  • Maintenance Expense $4,000
  • Manager Expense $2,957
  • Utility Expense $615
  • Operating Expense $8,742
  • Gross Income $40,973

Property Details

Home Type

Multi-Family

Year Built

1931

Lot Details

5,184 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: r
  • Subclass: Duplex
  • Style: Spanish
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1931

Interior Features

  • Living Sq Ft: 1976
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Raised
  • Roof: Flat / Low Pitch
  • Yard/Grounds: Fenced
  • Construction Type: Masonry

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Gate / Door Opener

Utilities

  • Heating System: Fireplace, Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1190
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5201.06
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5201.06

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.10
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Landscape: 1170
  • Expense Maintenance: 4000
  • Expense Management: 2957
  • Expenses Total: 8742
  • Expenses Utility: 615
  • Income Annual Gross: 40973.00
  • Income Annual Rental: 42240
  • Income Gross Scheduled: 42240
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2016
Closed on
May 4, 2016
Sold by
Troia Josephine L
Bought by
Aiello Gus Peter and The Aiello Family Trust B
Seller's Agent
James Poulos
A & D Property Management
Buyer's Agent
Steve Cardinalli
Cardinalli Real Estate
List Price
$849,000
Sold Price
$849,000
Current Estimated Value
$1,394,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,377
Avg. Annual Appreciation
5.21%

Purchase Details

Closed on
May 11, 2011
Sold by
Troia Marie
Bought by
Troia Marie and Troia Living Survivors Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2011
Sold by
Troia Marie
Bought by
Troia Marie and Troia Josephine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2008
Sold by
Troia Marie
Bought by
Troia Marie and Troia Living Survivors Trust

Purchase Details

Closed on
Nov 29, 2007
Sold by
Troia Marie A and Troia Josephine L
Bought by
Troia Josephine L and Troia Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2006
Sold by
Troia Josephine L and Troia Marie
Bought by
Troia Josephine L and Troia Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2003
Sold by
Troia Marie A and Troia Josephine L
Bought by
Troia Josephine L and Josephine Troia Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2001
Sold by
Troia Andrew and Troia Marie
Bought by
Troia Josephine L and Josephine Troia Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Aug 20, 2001
Sold by
Troia Andrew V and Troia Marie
Bought by
Troia Andrew V and Troia Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Aug 10, 2001
Sold by
Troia Josephine L
Bought by
Troia Josephine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Jun 18, 2001
Sold by
Troia Andrew and Troia Marie
Bought by
Troia Andrew V and Troia Marie

Purchase Details

Closed on
Jun 22, 1999
Sold by
Troia Josephine
Bought by
Troia Josephine L and Josephine Troia Living Trust
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

Date Buyer Sale Price Title Company
Aiello Gus Peter $849,000 First American Title Company
Troia Marie -- None Available
Troia Marie -- Servicelink
Troia Marie -- None Available
Troia Josephine L -- Chicago Title Company
Troia Marie A -- Chicago Title Company
Troia Josephine L -- First American Title Co
Troia Marie -- First American Title Co
Troia Josephine L -- First American Title Co
Troia Josephine L -- --
Troia Marie A -- Chicago Title
Troia Josephine L -- Old Republic Title Company
Troia Andrew V -- Old Republic Title Company
Troia Josephine L -- Old Republic Title Company
Troia Andrew V -- --
Troia Josephine L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Troia Marie $400,000
Previous Owner Troia Marie A $396,000
Previous Owner Troia Josephine L $390,000
Previous Owner Troia Marie A $360,000
Previous Owner Troia Andrew V $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2016 05/10/16 Sold $849,000 0.0% $430 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $849,000 -- $430 / Sq Ft
Source: MLSListings

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 $10,862 $1,005,036 $473,516 $531,520
2024 $10,862 $985,331 $464,232 $521,099
2023 $10,561 $966,012 $455,130 $510,882
2022 $10,416 $947,071 $446,206 $500,865
2021 $10,265 $928,502 $437,457 $491,045
2020 $9,877 $918,982 $432,972 $486,010
2019 $10,367 $900,964 $424,483 $476,481
2018 $9,952 $883,299 $416,160 $467,139
2017 $9,216 $865,980 $408,000 $457,980
2016 $2,869 $261,416 $72,109 $189,307
2015 $2,829 $257,490 $71,026 $186,464
2014 $2,782 $252,447 $69,635 $182,812
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    James Poulos

    A & D Property Management

    Section Image

  • S

    Buyer's Agent in 2016

    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: ML81579433

MLSListings

APN: 001-375-006-000

California Monterey County Monterey 93940 Old Town

355 Monroe St, Monterey, CA

Not Listed for Sale

MultiFamily

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