NOT LISTED FOR SALE

426 Cortes St Monterey, CA 93940

East Monterey Neighborhood
3 Beds
3 Baths
2,646 Sq Ft
6,913 Sq Ft Lot

Last Sold August 13, 2018

Last sale price $811,000 $307 Per Sq Ft

33 Days on Market

Highlights

  • Storage Room
  • Monterey High School Rated A
  • 2-minute walk to Jack's Park

About This Home

As of August 2018

Have you ever wanted to get your morning cup of coffee at the East Village Coffee Lounge, take a stroll to The Wharf, walk to get your work-out on at the Monterey Sports Center, or just be in the hub of all that is downtown Monterey? Then this is the opportunity for you. Situated within walking distance to all that is Monterey, sits this home with a duplex and plenty of storage. Bring your imagination and love of Monterey and see all the potential this property has to offer the next fortunate owner.

Last Agent to Sell the Property

Lucie Campos

Coldwell Banker Realty License #01345594 Listed on: 05/25/2018

Coldwell Banker Realty

Last Buyer's Agent

Lucie Campos

Coldwell Banker Realty License #01345594 Listed on: 05/25/2018

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 6,913 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,646 Sq Ft Home
  • Storage Room
  • No Kitchen Appliances

Utilities

  • Wall Furnace
  • Not Connected to Sewer
  • Sewer Within 50 Feet

Community Details

  • 2,646 Sq Ft Building
  • 3 Leased Units

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2646
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Kitchen: No Appliances
  • Living Sq Ft: 2646
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Not Connected

Lot Info

  • Lot Acres: 0.1587
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6915.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6915.00

Rental Info

  • Gross Rent Multiplier: 293.82
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Meters: Separate Gas
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2020
Sold by
Cesario Kevin Joseph
Bought by
Monterey Pm Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,000
Outstanding Balance
$421,397
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2019
Sold by
Cesario Kevin J
Bought by
Monterey Pm Investments Llc

Purchase Details

Closed on
Aug 18, 2019
Sold by
Monterey Pm Investments Llc
Bought by
Cesario Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2019
Sold by
Cesario Jennifer M
Bought by
Cesario Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2018
Closed on
Aug 4, 2018
Sold by
Randazzo Saunsdra
Bought by
Monterey Pm Investment Llc
Seller's Agent
Lucie Campos
Coldwell Banker Realty
Buyer's Agent
Lucie Campos
Coldwell Banker Realty
List Price
$999,000
Sold Price
$811,000
Premium/Discount to List
-$188,000
-18.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$843,750
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 22, 2004
Sold by
Macaluso George and Macaluso Phyllis
Bought by
Dorio Angelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 11, 2000
Sold by
Albert Edward J and Albert Lorraine C
Bought by
Albert Edward J and Albert Lorraine C

Purchase Details

Closed on
May 6, 1999
Sold by
Russo Rose
Bought by
Russo Rose Marie

Purchase Details

Closed on
Sep 30, 1994
Sold by
Macaluso Phyllis
Bought by
Macaluso George and Macaluso Phyllis
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Monterey Pm Investments Llc -- Old Republic Title Company
Cesario Kevin Joseph -- Old Republic Title Company
Cesario Kevin Joseph -- Old Republic Title Company
Monterey Pm Investments Llc -- None Available
Cesario Kevin J -- Fidelity National Title Co
Cesario Kevin J -- Fidelity National Title Co
Monterey Pm Investment Llc $811,000 Chciago Title Co
Dorio Angelo $540,000 Stewart Title
Albert Edward J -- --
Albert Edward J -- --
Russo Rose Marie -- --
Macaluso George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cesario Kevin Joseph $479,000
Previous Owner Cesario Kevin J $477,750
Previous Owner Monterey Pm Investment Llc $843,750
Previous Owner Dorio Angelo $540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2018 08/13/18 Sold $811,000 -18.8% $307 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $999,000 -- $378 / 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 $342 $27,886 $27,886 --
2024 $318 $27,340 $27,340 --
2023 $315 $26,804 $26,804 $0
2022 $310 $26,279 $26,279 --
2021 $306 $25,764 $25,764 $0
2020 $295 $25,500 $25,500 $0
2019 $307 $25,000 $25,000 $0
2018 $859 $75,019 $75,019 $0
2017 $796 $73,549 $73,549 $0
2016 $782 $72,107 $72,107 $0
2015 -- $71,024 $71,024 $0
2014 -- $69,633 $69,633 $0
Source: Public Records

Agents Affiliated with this Home

  • Lucie Campos

    Seller's Agent in 2018

    Lucie Campos

    Coldwell Banker Realty

    (831) 596-6118

    1 in this area

    133 Total Sales

    Lucie Campos
    Section Image
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Map

Source: MLSListings

MLS Number: ML81707206

MLSListings

APN: 001-712-004-000

California Monterey County Monterey 93940 East Monterey

426 Cortes St, Monterey, CA

Not Listed for Sale

MultiFamily

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