NOT LISTED FOR SALE

404 Lighthouse Ave Pacific Grove, CA 93950

Estimated Value: $1,891,000 - $2,550,000

5 Beds
3 Baths
3,016 Sq Ft
$708/Sq Ft Est. Value

Last Sold January 28, 2016

Last sale price $1,160,000 $385 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $12,362/month

133 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Hydromassage or Jetted Bathtub
  • Robert Down Elementary School Rated A
  • Victorian Architecture
  • 3-minute walk to Berwick Park

About This Home

As of January 2016

Great opportunity to own 2 Pacific Grove homes on 1 lot in the heart of America's Last Hometown! Just 2 blocks from downtown Pacific Grove & the waterfront. This property has the flexibility you have been looking for, VRBO 1 or both, rent both or rent 1 and live in the other for a steady income, or you could reconfigure this home into one large single family residence with 5 bedrooms and 3 full bathrooms plus two kitchens! For those thinking of a major remodel, there appears to be plenty of water credits!

Last Agent to Sell the Property

Monterey Peninsula Home Team

Coldwell Banker Realty License #70000352 Listed on: 06/19/2015

Coldwell Banker Realty

Last Buyer's Agent

Mary Hagins

Best Homes & Investments, Inc. License #01747292

Property Details

Property Type

  • Other

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Kennel or Dog Run
  • Fenced
  • Lot Sloped Down
  • Sprinklers on Timer
  • Grass Covered Lot
  • Back Yard
  • Zoning described as R3

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • Skyline

Home Design

  • Victorian Architecture
  • Wood Frame Construction
  • Ceiling Insulation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,016 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Storage Room
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Plumbed For Ice Maker
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Dual Sinks
  • Low Flow Toliet
  • Hydromassage or Jetted Bathtub
  • Bathtub with Shower
  • Garden Bath
  • Walk-in Shower

Outdoor Features

  • Balcony

Utilities

  • Zoned Heating
  • Wall Furnace
  • Vented Exhaust Fan
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter
  • Satellite Dish

Community Details

Listing and Financial Details

  • Assessor Parcel Number 006-196-006-000

Property Details

Property Type

Other

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Style: Victorian
  • Listing Class: Residential
  • Structure Sq Ft: 3016
  • Incorporated: Yes
  • Year Built: 1920
  • Zoning Description: R3
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Gas Starter
  • Dining Room: Breakfast Bar, Dining "L", Dining Area, Dining Area in Living Room
  • Kitchen: 220 Volt Outlet, Countertop - Tile, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Ice Maker, Oven - Self Cleaning, Oven Range - Built-In, Gas, Oven Range - Electric
  • Living Sq Ft: 3016
  • Stories: 1
  • Laundry: Hookup - Washer/Dryer, Washer / Dryer
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: In-Law Unit, Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Shower and Tub, Skylight, Stall Shower, Sunken / Garden Tub, Tub with Jets
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition, Shingle
  • View: Bay
  • Yard/Grounds: Back Yard, Balcony / Patio, Dog Run / Kennel, Fenced, Low Maintenance, Sprinklers - Auto
  • Fencing: Fenced
  • Construction Type: Wood Frame

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric, Individual Room Controls, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Skylight, Walk-in Closet

Schools

  • High School: 560

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 006-196-006-000
  • Lot Acres: 0.1400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6100.00
  • Soil: Unknown

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Toilet, Skylight, Thermostat Controller

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Pacific Grove Unified
  • High School Text: Pacific Grove High
  • Middle School Text: Pacific Grove Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2018
Sold by
Hagins Mary
Bought by
Hagins Mary and Hagins Family Trust
Current Estimated Value
$2,135,346

Purchase Details

Listed on
Jun 19, 2015
Closed on
Jan 6, 2016
Sold by
Dougherty Joanne C
Bought by
Hagins Dennis and Hagins Mary
Seller's Agent
Monterey Peninsula Home Team
Coldwell Banker Realty
Buyer's Agent
Mary Hagins
Best Homes & Investments, Inc.
List Price
$1,348,000
Sold Price
$1,160,000
Premium/Discount to List
-$188,000
-13.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.31%
Original Mortgage
$914,000
Outstanding Balance
$726,447
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,408,899

Purchase Details

Closed on
Aug 5, 2015
Sold by
Dougherty Joanne C
Bought by
Dougherty Joanne C and 1996 Dougherty Family Trust

Purchase Details

Closed on
Mar 19, 2002
Sold by
Dougherty Timothy H and Dougherty Joanne
Bought by
Dougherty Timothy H and Dougherty Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.94%

Purchase Details

Closed on
Mar 1, 2002
Sold by
Dougherty Timothy H and Dougherty Joanne
Bought by
Dougherty Timothy H and Dougherty Joanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.94%

Purchase Details

Closed on
Jan 26, 2001
Sold by
Dougherty Timothy H and Dougherty Joanne C
Bought by
Dougherty Timothy H and Dougherty Joanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.24%

Purchase Details

Closed on
Oct 25, 1996
Sold by
Dougherty Timothy H and Dougherty Joanne
Bought by
Dougherty Timothy H and Dougherty Joanne C
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
Hagins Mary -- None Available
Hagins Dennis $1,160,000 Chicago Title Company
Dougherty Joanne C -- None Available
Dougherty Timothy H -- First American Title
Dougherty Timothy H -- First American Title
Dougherty Timothy H -- --
Dougherty Timothy H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hagins Dennis $914,000
Previous Owner Dougherty Timothy H $210,000
Previous Owner Dougherty Timothy H $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2016 01/28/16 Sold $1,160,000 -9.0% $385 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
09/02/2015 09/02/15 Price Changed $1,275,000 -5.4% $423 / Sq Ft
06/19/2015 06/19/15 For Sale $1,348,000 -- $447 / 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 $14,369 $1,373,199 $769,465 $603,734
2024 $14,369 $1,346,275 $754,378 $591,897
2023 $14,538 $1,319,879 $739,587 $580,292
2022 $14,243 $1,294,000 $725,086 $568,914
2021 $14,171 $1,268,628 $710,869 $557,759
2020 $13,886 $1,255,620 $703,580 $552,040
2019 $13,444 $1,231,001 $689,785 $541,216
2018 $13,175 $1,206,864 $676,260 $530,604
2017 $12,961 $1,183,200 $663,000 $520,200
2016 $3,489 $304,848 $89,253 $215,595
2015 $3,356 $300,270 $87,913 $212,357
2014 -- $294,389 $86,191 $208,198
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81469529

MLSListings

APN: 006-196-006-000