NOT LISTED FOR SALE

Estimated Value: $1,331,000 - $1,739,000

3 Beds
2 Baths
1,597 Sq Ft
$927/Sq Ft Est. Value

Last Sold April 26, 2016

Last sale price $600,000 $376 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $9,337/month

1 Day on Market

Highlights

  • Bay View
  • Wood Flooring
  • 1 Car Attached Garage
  • Monterey High School Rated A
  • Cottage
  • 4-minute walk to Monterey Scholze Park Center

About This Home

As of April 2016

Two older homes built in 1938 on one lot in New Monterey. Homes are in need of repair. Beautiful bay views from both houses. Tenants have lived there for a very long time. Property is sold in as-is condition. Price includes 400 Beldon Street and 560 Drake Avenue, two dwellings. Both properties are on the historical registry in the city of Monterey.

Last Agent to Sell the Property

Mark Capito

Sotheby’s International Realty License #00797423 Listed on: 02/22/2016

Sotheby’s International Realty

Last Buyer's Agent

Debby Beck

Sotheby’s International Realty License #01747647

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,352

Year Built

  • Built in 1938

Lot Details

  • 5,793 Sq Ft Lot
  • Lot Sloped Down
  • Zoning described as Multi

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage
  • Fixer Upper
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,597 Sq Ft Home
  • Wood Burning Fireplace
  • Dining Room
  • Bay Views
  • Gas Cooktop
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 001-093-014

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,352

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage
  • Property Condition: Fixer Upper
  • Age: 78
  • Listing Class: Residential
  • Structure Sq Ft: 1597
  • Year Built: 1938
  • Zoning Description: Multi
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: No Formal Dining Room
  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 1597
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Hardwood, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter, Post and Pier, Wood Frame
  • Roof: Composition
  • View: Bay
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 001-093-014
  • Lot Acres: 0.1330
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5800.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2021
Sold by
Stirlen Shu Tin W and Shu Tin Stirlen 2017 Revocable
Bought by
Compton Bradley Dean and Werner Stephanie B
Current Estimated Value
$1,481,113

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$727,448
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$797,706

Purchase Details

Closed on
Feb 2, 2017
Sold by
Stirlen Shu Tin
Bought by
Stirlen Shu Tin W and Shu Tin Stirlen 2017 Revocable

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 28, 2016
Sold by
Greene Meredith
Bought by
Stirlen Shu Tin
Seller's Agent
Mark Capito
Sotheby’s International Realty
Buyer's Agent
Debby Beck
Sotheby’s International Realty
List Price
$640,000
Sold Price
$600,000
Premium/Discount to List
-$40,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Original Mortgage
$395,000
Interest Rate
3.68%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 18, 2016
Sold by
Morgane Melinda
Bought by
Greene Meredith
Seller's Agent
Mark Capito
Sotheby’s International Realty
Buyer's Agent
Debby Beck
Sotheby’s International Realty
List Price
$640,000
Sold Price
$600,000
Premium/Discount to List
-$40,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.68%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Feb 22, 2016
Closed on
Mar 14, 2016
Sold by
The Griego Family Limited Partnership
Bought by
Greene Meredith
Seller's Agent
Mark Capito
Sotheby’s International Realty
Buyer's Agent
Debby Beck
Sotheby’s International Realty
List Price
$640,000
Sold Price
$600,000
Premium/Discount to List
-$40,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 22, 2015
Sold by
Smith Holly and Griego Living Trust
Bought by
Greene Meredith

Purchase Details

Closed on
Jan 20, 2010
Sold by
Griego Daniel H and Griego Living Trust
Bought by
Griego Daniel H and Bypass Trust Of The Griego Liv

Purchase Details

Closed on
Jun 30, 1998
Sold by
Griego Daniel H and Griego Jeannette B
Bought by
The Griego Family Ltd Partnership

Purchase Details

Closed on
Jun 24, 1998
Sold by
Griego Jeannette B and Houghton Jeannette B
Bought by
Griego Daniel H and Griego Jeannette B

Purchase Details

Closed on
Nov 15, 1996
Sold by
Griego Jeannette B
Bought by
Griego Daniel H and Griego Jeannette B
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
Compton Bradley Dean $1,500,000 Chicago Title Company
Stirlen Shu Tin W -- None Available
Stirlen Shu Tin $600,000 Chicago Title Company
Greene Meredith -- Chicago Title Company
Greene Meredith -- Chicago Title Company
Greene Meredith -- None Available
Griego Daniel H -- None Available
The Griego Family Ltd Partnership -- --
Greene Meredith -- --
Griego Daniel H -- --
Griego Daniel H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Compton Bradley Dean $800,000
Previous Owner Stirlen Shu Tin $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2016 04/26/16 Sold $600,000 -6.3% $376 / Sq Ft
02/24/2016 02/24/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $640,000 -- $401 / 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 $17,352 $1,623,646 $1,407,161 $216,485
2024 $17,352 $1,591,811 $1,379,570 $212,241
2023 $16,998 $1,560,600 $1,352,520 $208,080
2022 $16,764 $1,530,000 $1,326,000 $204,000
2021 $7,303 $1,500,000 $1,300,000 $200,000
2020 $7,028 $649,457 $432,972 $216,485
2019 $7,373 $636,724 $424,483 $212,241
2018 $7,081 $624,240 $416,160 $208,080
2017 $6,561 $612,000 $408,000 $204,000
2016 $6,007 $558,387 $406,100 $152,287
2015 $1,334 $114,385 $50,340 $64,045
2014 $1,314 $112,145 $49,354 $62,791
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81561784

MLSListings

APN: 001-093-014-000