NOT LISTED FOR SALE

355 Monroe St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,135,247 - $1,509,000

5 Beds
3 Baths
1,976 Sq Ft
$679/Sq Ft Est. Value

Sale Details

Date Sold: May 10, 2016

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

Est. 58% increase in value since last sale

Current estimated payment $8,142 / mo

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

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
Apr 9, 2016
Closed on
May 4, 2016
Sold by
Bought by
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
$1,341,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,312
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
May 11, 2011
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
$400,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2011
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
$400,000
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 2007
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
$396,000
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2006
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
$390,000
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 3, 2003
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
$360,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 22, 2001
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
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Aug 20, 2001
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
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Aug 10, 2001
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
$220,000
Interest Rate
7.21%

Purchase Details

Closed on
Jun 18, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 22, 1999
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
$849,000 First American Title Company
-- None Available
-- Servicelink
-- None Available
-- Chicago Title Company
-- Chicago Title Company
-- First American Title Co
-- First American Title Co
-- First American Title Co
-- --
-- Chicago Title
-- Old Republic Title Company
-- Old Republic Title Company
-- Old Republic 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
Previous Owner $400,000
Previous Owner $396,000
Previous Owner $390,000
Previous Owner $360,000
Previous Owner $220,000
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
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

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 $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

    16 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

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