NOT LISTED FOR SALE

431 Watson St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $802,000 - $1,306,000

4 Beds
3 Baths
2,139 Sq Ft
$485/Sq Ft Est. Value

Sale Details

Date Sold: June 10, 2016

Last sale price $935,000 $437 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,974 / mo

About This Home

As of June 2016

This home is located at 431 Watson St, Monterey, CA 93940 since 10 June 2016 and is currently estimated at $1,036,536, approximately $484 per square foot. This property was built in 1949. 431 Watson St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

Last Agent to Sell the Property

Mario Torrente

Shankle Real Estate License #00515075 Listed on: 06/10/2016

Co-Listed By

Michelle Russell

Shankle Real Estate License #01944339

Last Buyer's Agent

Mario Torrente

Shankle Real Estate License #00515075 Listed on: 06/10/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 6,011 Sq Ft Lot

Home Design

  • 2,139 Sq Ft Home
  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 2 Parking Spaces
  • 3 Carport Spaces

Utilities

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

Listing and Financial Details

  • Total Actual Rent $52,413

Community Details

Overview

  • 2,139 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $500
  • Insurance Expense $1,500
  • Maintenance Expense $630
  • Manager Expense $4,000
  • Utility Expense $1,300
  • Trash Expense $700
  • Operating Expense $19,850
  • Gross Income $51,365

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

6,011 Sq Ft Lot

Listing Details

  • Zoning: R-3-6
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2139
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 2139

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.92
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 500
  • Expense Maintenance: 630
  • Expense Management: 4000
  • Expenses Total: 19850
  • Expenses Utility: 1300
  • Expense Trash: 700
  • Income Annual Gross: 51365.00
  • Income Annual Rental: 52413
  • Income Gross Scheduled: 52413
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2025
Sold by
Bought by
Current Estimated Value
$1,036,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$600,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$436,536

Purchase Details

Closed on
Apr 15, 2025
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2007
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
7.13%

Purchase Details

Closed on
Mar 19, 2001
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
-- Chicago Title Company
$935,000 Old Republic Title Company
-- None Available
-- Old Republic Title Company
-- Old Republic Title Company
-- Old Republic Title Company
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Previous Owner $325,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/10/2016 06/10/16 Sold $935,000 -0.4% $437 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $939,000 -- $439 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,571 $414,322 $236,756 $177,566
2024 $4,571 $406,199 $232,114 $174,085
2023 $4,424 $398,235 $227,563 $170,672
2022 $4,364 $390,427 $223,101 $167,326
2021 $4,301 $382,773 $218,727 $164,046
2020 $4,141 $378,849 $216,485 $162,364
2019 $4,341 $371,422 $212,241 $159,181
2018 $4,171 $364,140 $208,080 $156,060
2017 $3,867 $357,000 $204,000 $153,000
2016 $3,180 $291,207 $181,044 $110,163
2015 $3,136 $286,834 $178,325 $108,509
2014 $3,083 $281,216 $174,832 $106,384
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mario Torrente

    Shankle Real Estate

    Section Image

  • M

    Seller Co-Listing Agent in 2016

    Michelle Russell

    Shankle Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81590058

MLSListings

APN: 001-393-029-000

California Monterey County Monterey 93940 Old Town

431 Watson St, Monterey, CA

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