NOT LISTED FOR SALE

379 Larkin St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,270,790 - $1,604,000

3 Beds
3 Baths
1,931 Sq Ft
$750/Sq Ft Est. Value

Last Sold November 16, 2012

Last sale price $525,000 $272 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $8,031/month

5 Days on Market

Highlights

  • Bay View
  • Deck
  • Wall to Wall Carpet
  • Monterey High School Rated A
  • Forced Air Heating System

About This Home

As of November 2012

This is your opportunity for a great rental income unit in Old Town, walk to downtown and MIIS. The upstairs unit features a bay view, 2 bedrooms, 2 baths. The downstairs unit is a 1 bedroom, 1 bath currently used as the owners weekend get away. Downstairs recently completely remodeled, slight bay view from deck. Off street parking owners 2 car garage w/ laundry. Tenant single carport, 5600 SF lot

Last Agent to Sell the Property

Todd Porteous

Coldwell Banker Realty License #01455658 Listed on: 09/21/2012

Coldwell Banker Realty

Last Buyer's Agent

Mario Torrente

Shankle Real Estate License #00515075

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 5,619

Property Views

  • Bay
  • City Lights

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,931 Sq Ft Home
  • 3-Story Property
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Lot Sloped Down

Listing and Financial Details

  • Total Actual Rent $1,700
  • The owner pays for electric, garbage, services - gardener/landscaping, gas, water

Community Details

Overview

  • 1,931 Sq Ft Building

Building Details

  • Insurance Expense $100
  • Maintenance Expense $100
  • Utility Expense $50
  • Operating Expense $1,228
  • Gross Income $1,700

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

5,619 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 271.88
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1931
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Varies By Unit, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 1931
  • Stories: 3
  • Laundry: In Garage
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum

Exterior Features

  • Roof: Tar And Gravel
  • View: Bay, City Lights
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5600.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5600.00
  • Lot Size Area Min Search: 5600.00
  • Maximum Lot Size: 5600.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 334.71

Multi Family

  • Expense Insurance: 100
  • Expense Maintenance: 100
  • Expenses Total: 1228
  • Expenses Utility: 50
  • Expense Water Sewer: 40
  • Income Annual Gross: 1700.00
  • Income Annual Rental: 1700
  • Income Gross Scheduled: 1700
  • Income Includes: Lease
  • Maximum Building Height: 3
  • Meters: Master Electric, Master Gas, Master Water
  • Minimum Building Height: 3
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Water, Insurance
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Gas, Water
  • Tenant Expenses: Cable Tv

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2012
Closed on
Nov 8, 2012
Sold by
Kelly William H and Kelly Nancy L
Bought by
Villalpando John D and Villalpando Josephine R
Seller's Agent
Todd Porteous
Coldwell Banker Realty
Buyer's Agent
Mario Torrente
Shankle Real Estate
List Price
$569,000
Sold Price
$525,000
Premium/Discount to List
-$44,000
-7.73%
Current Estimated Value
$1,448,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$923,448
Avg. Annual Appreciation
7.92%

Purchase Details

Closed on
Sep 19, 2003
Sold by
Kelly William H and Kelly Nancy L
Bought by
Kelly William H and Kelly Nancy L

Purchase Details

Closed on
Jun 13, 2000
Sold by
Kelly Nancy Lynne and Berger Benjamin David
Bought by
Kelly William H and Kelly Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.08%
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
Villalpando John D -- First American Title Company
Kelly William H -- --
Kelly William H -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelly William H $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2012 11/16/12 Sold $525,000 -7.7% $272 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
09/21/2012 09/21/12 For Sale $569,000 -- $295 / 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 $7,100 $646,490 $246,282 $400,208
2024 $7,100 $633,814 $241,453 $392,361
2023 $6,837 $621,387 $236,719 $384,668
2022 $6,743 $609,204 $232,078 $377,126
2021 $6,646 $597,260 $227,528 $369,732
2020 $6,396 $591,136 $225,195 $365,941
2019 $6,710 $579,546 $220,780 $358,766
2018 $6,444 $568,183 $216,451 $351,732
2017 $5,971 $557,043 $212,207 $344,836
2016 $5,865 $546,122 $208,047 $338,075
2015 $5,782 $537,919 $204,922 $332,997
2014 $5,683 $527,383 $200,908 $326,475
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Todd Porteous

    Coldwell Banker Realty

    Section Image

  • M

    Buyer's Agent in 2012

    Mario Torrente

    Shankle Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81234928

MLSListings

APN: 001-382-036-000

California Monterey County Monterey 93940 Old Town

379 Larkin St, Monterey, CA

Not Listed for Sale

MultiFamily

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