NOT LISTED FOR SALE

422 Laurel Ave Pacific Grove, CA 93950

Estimated Value: $1,250,957 - $1,350,000

3 Beds
2 Baths
872 Sq Ft
$1,496/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $990,000 $1,135 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,788/month

2 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Formal Dining Room
  • Robert Down Elementary School Rated A
  • Marble Countertops
  • Balcony

About This Home

As of March 2021

Be part of heritage Pacific Grove in this historical gem. Nestled in a quiet, charming neighborhood just a few blocks to downtown Pacific Grove and the Ocean View Blvd, this home offers close proximity to the amenities of downtown, top rated schools, and the tranquility of the sea. A partial ocean view will delight from the top floor splashed with natural light. Updated kitchen, bathroom and new engineered hardwood floors throughout. With coveted private parking and ample storage, 2 bedrooms on the upper level and 335 sq ft studio on a separate meter on the ground floor offer both living and income opportunity.

Last Agent to Sell the Property

Zak Freedman

Sotheby’s International Realty License #01956633 Listed on: 02/08/2021

Sotheby’s International Realty

Last Buyer's Agent

Michelle Russell

Shankle Real Estate License #70010200

Shankle Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,140

Year Built

  • 1900

Lot Details

  • 1,999 Sq Ft Lot
  • Wood Fence
  • Grass Covered Lot
  • Back Yard

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 872 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • Separate Family Room
  • Formal Dining Room
  • Wood Flooring
  • Bay Views
  • Washer and Dryer

Kitchen

  • Freezer
  • Marble Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,140

Year Built

1900

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 872
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Family Room: Separate Family Room
  • Dining Room: Dining Area, Formal Dining Room
  • Kitchen: Countertop - Marble, Freezer, Oven Range - Built-In, Gas, Refrigerator
  • Living Sq Ft: 872
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Shower And Tub

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Bay
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Low Maintenance
  • Fencing: Wood
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Bay Window

Schools

  • High School: 560

Lot Info

  • Lot Acres: 0.0459
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2000.00

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 29, 2021
Sold by
Chun Deborah
Bought by
Mcconnell Matthew and Mcconnell Abigail
Seller's Agent
Zak Freedman
Sotheby’s International Realty
Buyer's Agent
Michelle Russell
Shankle Real Estate
List Price
$990,000
Sold Price
$990,000
Current Estimated Value
$1,304,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,239
Avg. Annual Appreciation
6.20%
Original Mortgage
$792,000
Outstanding Balance
$712,761
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$591,478

Purchase Details

Listed on
May 11, 2016
Closed on
Sep 27, 2016
Sold by
Banks Leroy Y
Bought by
Chun Deborah
Seller's Agent
Winston Williams
Synergy Prime
Buyer's Agent
Winston Williams
Synergy Prime
List Price
$750,000
Sold Price
$680,000
Premium/Discount to List
-$70,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.75%
Original Mortgage
$417,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2015
Sold by
Banks George M
Bought by
Banks Leroy Y
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcconnell Matthew $990,000 Chicago Title Company
Chun Deborah $680,000 First American Title Company
Banks Leroy Y -- First American Title Company
Banks Leroy Y -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcconnell Matthew $792,000
Previous Owner Chun Deborah $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2021 03/31/21 Sold $990,000 0.0% $1,135 / Sq Ft
02/11/2021 02/11/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $990,000 +45.6% $1,135 / Sq Ft
10/07/2016 10/07/16 Sold $680,000 +0.7% $780 / Sq Ft View Prior Sale
08/30/2016 08/30/16 Pending -- -- --
08/17/2016 08/17/16 Price Changed $675,000 -10.0% $774 / Sq Ft
08/15/2016 08/15/16 For Sale $750,000 0.0% $860 / Sq Ft
08/05/2016 08/05/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $750,000 0.0% $860 / Sq Ft
06/07/2016 06/07/16 Price Changed $750,000 -6.3% $860 / Sq Ft
05/21/2016 05/21/16 Pending -- -- --
05/11/2016 05/11/16 For Sale $800,000 -- $917 / 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 $11,140 $1,071,606 $757,701 $313,905
2024 $11,140 $1,050,595 $742,845 $307,750
2023 $11,280 $1,029,996 $728,280 $301,716
2022 $11,050 $1,009,800 $714,000 $295,800
2021 $8,177 $990,000 $700,000 $290,000
2020 $8,013 $721,621 $530,604 $191,017
2019 $7,759 $707,472 $520,200 $187,272
2018 $7,605 $693,600 $510,000 $183,600
2017 $7,481 $680,000 $500,000 $180,000
2016 $389 $26,818 $10,836 $15,982
2015 $383 $26,416 $10,674 $15,742
2014 $376 $25,899 $10,465 $15,434
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81828907

MLSListings

APN: 006-275-005-000