NOT LISTED FOR SALE

38525 Highway 1 Carmel, CA 93923

Estimated Value: $3,173,075 - $3,757,000

4 Beds
3 Baths
3,009 Sq Ft
$1,174/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $2,050,000 $681 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $21,127/month

287 Days on Market

Highlights

  • Ocean View
  • Wine Cellar
  • Deck
  • Captain Cooper Elementary School Rated A-
  • Custom Home
  • Secluded Lot

About This Home

As of September 2020

Welcome to the beautiful California coastline, offering views of arguably the most exquisite sceneries in the country. Positioned at what was once Smith Ranch, this John Matthems custom designed home sits above Rocky Creek Bridge overlooking the Pacific Ocean. With plenty of room to enjoy the natural landscape and tranquility of the waves crashing below. Enjoy sunsets to the west or step into the backyard to enjoy your very own garden. Located within close proximity to Highway 1 and only 12 miles south of Rio Road, once you enter the gates you cannot help but enjoy the privacy and calmness of the surrounding nature. Simply put, a true oasis for someone looking to enjoy the beauty of nature and everything the California coastline has to offer.

Last Agent to Sell the Property

Helen Pastorino

Pertria License #00612357 Listed on: 11/22/2019

Last Buyer's Agent

Kris Klair

Exit Realty Consultants License #01424183

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,577

Year Built

  • 1998

Lot Details

  • 1.59 Acre Lot
  • West Facing Home
  • Partially Fenced Property
  • Secluded Lot
  • Lot Has A Rolling Slope
  • Back Yard

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Skyline
  • Mountain

Home Design

  • Custom Home
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,009 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Double Pane Windows
  • Wine Cellar
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room

Kitchen

  • Breakfast Area or Nook
  • Open to Family Room
  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Marble Bathroom Countertops
  • Dual Sinks
  • Jetted Tub in Primary Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry Tub

Home Security

  • Security Gate
  • Alarm System

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Zoned Heating System
  • Vented Exhaust Fan
  • Heating System Uses Propane
  • 220 Volts
  • Propane
  • Well
  • Septic Tank

Additional Features

  • Farm Animals Allowed
  • Horses Potentially Allowed on Property

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,577

Year Built

1998

Lot Details

0

Parking

2

Listing Details

  • Zoning: Residential/Watershed & Scenic Conservation
  • Subclass: Single Family Home
  • Style: Custom
  • Age: 21
  • Listing Class: Residential
  • Structure Sq Ft: 3009
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1998

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Fireplace: Family Room, Living Room, Wood Burning
  • Dining Room: Breakfast Bar, Breakfast Nook, Formal Dining Room
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Island, Microwave, Oven - Electric, Refrigerator, Trash Compactor
  • Fireplace: Yes
  • Living Sq Ft: 3009
  • Stories: 1
  • Security: Security Alarm
  • Bedrooms: Ground Floor Bedroom, More Than One Primary Bedroom On Ground Floor
  • Laundry: In Utility Room, Tub / Sink
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Bonus / Hobby Room, Laundry Room, Wine Cellar / Storage
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Marble, Primary - Tub With Jets, Oversized Tub, Shower Over Tub - 1, Skylight, Stall Shower - 2+, Tub In Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Mountains, Ocean
  • Yard/Grounds: Back Yard, Deck, Storage Shed / Structure
  • Horse Property: Possible
  • Fencing: Partial Fencing
  • Property Faces: West
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage, Room For Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas, Heating - 2+ Zones, Propane
  • Sewer/Septic System: Septic Connected

Association/Amenities

  • Amenities Miscellaneous: Built-In Vacuum, High Ceiling, Security Gate, Skylight, Walk-In Closet, Wet Bar

Schools

  • School District: Carmel Unified
  • Elementary School: Captain Cooper Elementary
  • Middle School: Carmel Middle
  • High School: Carmel High
  • High School: 497
  • Elementary School: 510
  • Middle School: 511

Lot Info

  • Lot Description: Farm Animals (Permitted), Grade - Rolling, Private / Secluded, Views
  • Lot Acres: 1.5900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 69260.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 69260.00

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Skylight

Multi Family

  • Utilities: Propane On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 22, 2024
Sold by
Ds & Ak Bains Family Trust and Bains D
Bought by
Bains Family Properties Lp
Current Estimated Value
$3,532,269

Purchase Details

Closed on
Feb 13, 2021
Sold by
Bains Devinder S and Bains Amrit K
Bought by
Bains D S D and Bains K A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Nov 22, 2019
Closed on
Sep 18, 2020
Sold by
West Shirley A and The Shirley And Peter West Tru
Bought by
Bains Devinder S and Bains Amrit K
Seller's Agent
Helen Pastorino
Pertria
Buyer's Agent
Kris Klair
Exit Realty Consultants
List Price
$2,595,000
Sold Price
$2,050,000
Premium/Discount to List
-$545,000
-21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.74%

Purchase Details

Closed on
Nov 4, 2019
Sold by
West Shirley A
Bought by
West Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$970,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2019
Sold by
West Shirley A
Bought by
West Shirley A

Purchase Details

Closed on
Dec 24, 2015
Sold by
West Shirley A
Bought by
The Bypass Trust Of The Shirley & Peter

Purchase Details

Closed on
Oct 26, 2012
Sold by
West Peter J and West Shirley A
Bought by
West Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
West Peter J and West Shirley A
Bought by
West Peter J and West Shirley A

Purchase Details

Closed on
Jun 14, 2004
Sold by
West Peter J and West Shirley A
Bought by
West Peter J and West Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,060
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2004
Sold by
West Peter J and West Shirley A
Bought by
West Peter J and West Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,060
Interest Rate
5.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 1999
Sold by
West Peter J and West Shirley A
Bought by
West Peter J and West Shirley A

Purchase Details

Closed on
Dec 5, 1996
Sold by
Schaffer Bauman Vesta and Schaffer Chennault Irene
Bought by
West Peter J and West Shirley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.9%
Mortgage Type
Seller Take Back
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
Bains Family Properties Lp -- None Listed On Document
Bains Family Properties Lp -- None Listed On Document
Bains D S D -- None Available
Bains Devinder S $2,050,000 North American Title Co Inc
West Shirley A -- Old Republic Title Company
West Shirley A -- Old Republic Title Company
The Bypass Trust Of The Shirley & Peter -- None Available
West Shirley A -- Accommodation
West Shirley A -- Old Republic Title Company
West Peter J -- --
West Peter J -- --
West Peter J -- Fidelity Title
West Peter J -- Fidelity Title
West Peter J -- --
West Peter J $400,000 First American Title
Schaffer Bauman Vesta -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bains Devinder S $1,000,000
Previous Owner West Shirley A $970,000
Previous Owner West Shirley A $60,000
Previous Owner West Shirley A $740,000
Previous Owner West Peter J $250,000
Previous Owner West Peter J $327,060
Previous Owner West Peter J $200,000
Previous Owner West Peter J $350,000
Previous Owner West Peter J $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $2,050,000 -14.4% $681 / Sq Ft
09/05/2020 09/05/20 Pending -- -- --
07/20/2020 07/20/20 Price Changed $2,395,000 -7.7% $796 / Sq Ft
11/22/2019 11/22/19 For Sale $2,595,000 -- $862 / 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 $22,577 $2,218,983 $1,298,917 $920,066
2024 $22,577 $2,175,475 $1,273,449 $902,026
2023 $22,460 $2,132,820 $1,248,480 $884,340
2022 $21,720 $2,091,000 $1,224,000 $867,000
2021 $21,505 $2,050,000 $1,200,000 $850,000
2020 $1,883 $178,237 $67,147 $111,090
2019 $1,847 $174,743 $65,831 $108,912
2018 $1,815 $171,318 $64,541 $106,777
2017 $1,778 $167,960 $63,276 $104,684
2016 $1,677 $164,668 $62,036 $102,632
2015 $1,667 $162,196 $61,105 $101,091
2014 $1,707 $159,020 $59,909 $99,111
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81776183

MLSListings

APN: 418-111-003-000