NOT LISTED FOR SALE

402 Watson St Unit 7 Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $689,459 - $790,000

2 Beds
2 Baths
920 Sq Ft
871 Sq Ft Lot

Last Sold September 24, 2018

Last sale price $503,000 $547 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,479/month

79 Days on Market

Highlights

  • Baseboard Heating
  • Monterey High School Rated A
  • Dining Area

About This Home

As of September 2018

Light and bright 2 bedroom, 2 bath townhouse, walking distance to downtown Monterey and the wharf. Property has two reserved parking spaces, in unit washer-dryer hook ups, fenced patio and gas fireplace & two private & serene balconies.

Last Agent to Sell the Property

Bill Phillips

Phillips Real Estate License #00625289 Listed on: 05/14/2018

Last Buyer's Agent

Stacey Pear

Douglas Elliman of California, Inc. License #02047985

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,057

Year Built

  • Built in 1982

Lot Details

  • 871

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 920 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Baseboard Heating
  • Separate Meters
  • Individual Gas Meter

Community Details

  • Property has a Home Owners Association
  • Association fees include common area gas, exterior painting, fencing, garbage, landscaping / gardening, management fee, sewer, unit coverage insurance
  • 10 Units
  • Sumaya Condominiums Association
  • Built by Sumaya

Listing and Financial Details

  • Assessor Parcel Number 001-394-007-000

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,057

Year Built

Built in 1982

Lot Details

0

Parking

2

Listing Details

  • Subclass: Condominium
  • Age: 36
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 10
  • Structure Sq Ft: 920
  • Complex Name: Sumaya
  • Year Built: 1982
  • Zoning Description: 2G
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Living Sq Ft: 920
  • Stories: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Common Parking Area, Covered Parking

Utilities

  • Heating System: Baseboard, Electric
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 385
  • Association Fees Include: Common Area Gas, Exterior Painting, Fencing, Garbage, Landscaping / Gardening, Management Fee, Sewer, Unit Coverage Insurance
  • H O A Name Text: Sumaya Condominiums
  • H O A Exist: Yes

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-394-007-000
  • Lot Acres: 0.0200
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 869.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 869.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2018
Closed on
Sep 12, 2018
Sold by
Harrison Jon and Harrison Michelle
Bought by
Carli Alessio G and The Alessio G Carli Living Tru
Seller's Agent
Bill Phillips
Phillips Real Estate
Buyer's Agent
Stacey Pear
Douglas Elliman of California, Inc.
List Price
$509,000
Sold Price
$503,000
Premium/Discount to List
-$6,000
-1.18%
Current Estimated Value
$735,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,115
Avg. Annual Appreciation
6.39%

Purchase Details

Closed on
Oct 24, 2013
Sold by
Lair Michelle M
Bought by
Harrison Jon and Harrison Michelle

Purchase Details

Closed on
Aug 15, 2005
Sold by
Austin Pamela L and Austin Stephen D
Bought by
Lair Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 18, 1999
Sold by
Maita Loretta and Spence Albert R
Bought by
Spence Albert R and Maita Loretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.05%

Purchase Details

Closed on
Oct 4, 1996
Sold by
Wells John A and Wells Susan J
Bought by
Maita Loretta and Spence Albert R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,800
Interest Rate
8.37%
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
Carli Alessio G $503,000 Chicago Title Co Salina
Harrison Jon -- None Available
Lair Michelle M -- First American Title
Spence Albert R -- Old Republic Title
Maita Loretta -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lair Michelle M $468,000
Previous Owner Spence Albert R $107,000
Previous Owner Maita Loretta $110,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2018 09/24/18 Sold $503,000 -1.2% $547 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
05/14/2018 05/14/18 For Sale $509,000 -- $553 / 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 $6,057 $561,100 $250,989 $310,111
2024 $6,057 $550,099 $246,068 $304,031
2023 $5,873 $539,314 $241,244 $298,070
2022 $5,792 $528,740 $236,514 $292,226
2021 $5,707 $518,374 $231,877 $286,497
2020 $5,491 $513,060 $229,500 $283,560
2019 $5,764 $503,000 $225,000 $278,000
2018 $4,941 $440,000 $273,000 $167,000
2017 $4,665 $440,000 $273,000 $167,000
2016 $4,514 $425,000 $263,000 $162,000
2015 $4,222 $397,000 $246,000 $151,000
2014 $3,513 $329,000 $204,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Bill Phillips

    Seller's Agent in 2018

    Bill Phillips

    Phillips Real Estate

    (831) 372-8092

    28 Total Sales

    Bill Phillips
    Section Image

  • S

    Buyer's Agent in 2018

    Stacey Pear

    Douglas Elliman of California, Inc.

    Section Image
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Map

Source: MLSListings

MLS Number: ML81705425

MLSListings

APN: 001-394-007-000

California Monterey County Monterey 93940 Old Town

402 Watson St Unit 7, Monterey, CA

This home is located at 402 Watson St Unit 7, Monterey, CA 93940 since 14 May 2018 and is currently estimated at $735,115, approximately $799 per square foot. This property was built in 1982. 402 Watson St Unit 7 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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