NOT LISTED FOR SALE

400 Drake Ave Unit 9 Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $1,044,897 - $1,208,000

2 Beds
1.5 Baths
1,200 Sq Ft
610 Sq Ft Lot

Last Sold March 21, 2017

Last sale price $770,000 $642 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,947/month

79 Days on Market

Highlights

  • Ocean View
  • Vaulted Ceiling
  • Loft
  • Monterey High School Rated A
  • Marble Bathroom Countertops
  • 3-minute walk to Monterey Scholze Park Center

About This Home

As of March 2017

For the discriminating Buyer this Stunning, high end, turn-key penthouse with panoramic Monterey Bay views is just a stroll to Cannery Row. This completely remodeled 2 bedroom, 1.5 bath unit with loft and custom office, high end appliances, custom Alder wood cabinets, custom granite surfaces throughout, a Murphy Bed, remote control window coverings, steam shower, soaking tub, Carrera Marble floors in bathroom and is being offered completely furnished. Just bring your suitcase, sit back and enjoy the views.

Last Agent to Sell the Property

Tim Allen

Coldwell Banker Realty License #00891159 Listed on: 11/08/2016

Coldwell Banker Realty

Last Buyer's Agent

Connie Erickson

Coldwell Banker Realty License #01400809

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,546

Year Built

  • Built in 1986

Lot Details

  • 610

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Bay
  • Panoramic
  • Downtown
  • Mountain

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • 1 Fireplace
  • Den
  • Loft
  • Tile Flooring
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • Marble Bathroom Countertops
  • Dual Sinks
  • Bathtub
  • Steam Shower
  • Walk-in Shower

Utilities

  • Radiant Heating System
  • Separate Meters
  • 220 Volts

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, exterior painting
  • Presidio Hills Association

Listing and Financial Details

  • Assessor Parcel Number 001-995-009-000

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,546

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 30
  • Listing Class: Residential
  • Structure Sq Ft: 1200
  • Year Built: 1986
  • Zoning Description: Condo
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Eat in Kitchen
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Oven Range - Electric
  • Living Sq Ft: 1200
  • Laundry: Washer / Dryer
  • Flooring: Tile
  • Additional Rooms: Loft, Office Area
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Marble, Stall Shower, Steam Shower, Tub, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Bay, City Lights, Downtown, Mountains, Ocean, Panoramic

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Radiant
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight, Vaulted Ceiling

Condo/Co-op/Association

  • HOA Fees: 300
  • Association Fees Include: Common Area Electricity, Exterior Painting
  • H O A Name Text: Presidio Hills
  • H O A Exist: Yes

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Views
  • Parcel Number: 001-995-009-000
  • Lot Acres: 0.0140
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 624.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 624.00

Multi Family

  • Utilities: Individual Electric Meters

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2016
Closed on
Mar 1, 2017
Sold by
Fishman Robert and Nenadovic Fishman Nada
Bought by
Zausen Joan I and Ohlmer Ted J
Seller's Agent
Tim Allen
Coldwell Banker Realty
Buyer's Agent
Connie Erickson
Coldwell Banker Realty
List Price
$850,000
Sold Price
$770,000
Premium/Discount to List
-$80,000
-9.41%
Current Estimated Value
$1,130,974

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,974
Avg. Annual Appreciation
5.00%
Original Mortgage
$577,500
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 23, 2009
Sold by
Fishman Robert and Nenadovic Fishman Nada
Bought by
Fishman Robert and Nenadovic Fishman Nada

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
5.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2005
Sold by
Fishman Robert G and Fishman Nada
Bought by
Fishman Robert G and Fishman Nada

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.62%
Mortgage Type
Fannie Mae Freddie Mac
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
Zausen Joan I $770,000 Old Republic Title Company
Fishman Robert -- First American Title Company
Fishman Robert G -- --
Fishman Robert G $627,500 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zausen Joan I $534,000
Closed Zausen Joan I $577,500
Previous Owner Fishman Robert $129,250
Previous Owner Fishman Robert $400,000
Previous Owner Fishman Robert G $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2017 03/21/17 Sold $770,000 -9.4% $642 / Sq Ft
01/27/2017 01/27/17 Pending -- -- --
11/08/2016 11/08/16 For Sale $850,000 -- $708 / 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 $9,546 $893,645 $348,173 $545,472
2024 $9,546 $876,124 $341,347 $534,777
2023 $9,360 $858,946 $334,654 $524,292
2022 $9,231 $842,105 $328,093 $514,012
2021 $9,097 $825,594 $321,660 $503,934
2020 $8,752 $817,129 $318,362 $498,767
2019 $9,188 $801,108 $312,120 $488,988
2018 $8,819 $785,400 $306,000 $479,400
2017 $5,602 $526,000 $231,000 $295,000
2016 $5,600 $525,000 $230,000 $295,000
2015 $5,287 $495,000 $217,000 $278,000
2014 $4,317 $402,000 $176,000 $226,000
Source: Public Records

Agents Affiliated with this Home

  • Tim Allen

    Seller's Agent in 2017

    Tim Allen

    Coldwell Banker Realty

    (831) 214-1990

    2 in this area

    352 Total Sales

    Tim Allen
    Section Image

  • C

    Buyer's Agent in 2017

    Connie Erickson

    Coldwell Banker Realty

    Section Image

  • G

    Buyer's Agent in 2017

    Grace Stolzoff

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81631277

MLSListings

APN: 001-995-009-000

California Monterey County Monterey 93940 New Monterey

400 Drake Ave Unit 9, Monterey, CA

This home is located at 400 Drake Ave Unit 9, Monterey, CA 93940 since 08 November 2016 and is currently estimated at $1,130,974, approximately $942 per square foot. This property was built in 1986. 400 Drake Ave Unit 9 is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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