NOT LISTED FOR SALE
4 Beds
1 Bath
1,817 Sq Ft
7,841 Sq Ft Lot

Sale Details

Date Sold: July 8, 2013

Last sale price $610,000 $336 Per Sq Ft

9 Days on Market

Highlights

  • Neighborhood Views
  • Level Lot
  • 1-Story Property
  • Monterey High School Rated A
  • Wall to Wall Carpet

About This Home

As of July 2013

Two homes on one 8,000 square foot lot. Good income producer, or live in one rent the other. Tenants pay all utilities, except sewer. Laundry area in both units. Garage is small and is used as storage by tenants. Located right across the street from the Monterey High School tennis courts off Pacific St. Just a short stroll to downtown Monterey & Fishermans Wharf.

Last Agent to Sell the Property

Terry Wecker

Don Gruber Real Estate License #00548546 Listed on: 05/20/2013

Last Buyer's Agent

Arleen Hardenstein

Sotheby’s International Realty License #01710953

Property Details

Home Type

  • Multi-Family

Year Built

  • 1908

Lot Details

  • 7,841

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,817 Sq Ft Home
  • 1-Story Property
  • Wall to Wall Carpet
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Parking

  • Covered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $39,900
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2 Units
  • 1,817 Sq Ft Building

Building Details

  • Gardener Expense $720
  • Insurance Expense $1,085
  • Maintenance Expense $600
  • Manager Expense $2,793
  • Other Expense $200
  • Operating Expense $6,825
  • Gross Income $39,900

Property Details

Home Type

Multi-Family

Year Built

1908

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Zoning: MFD
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 335.72
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1817
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1908

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1817
  • Stories: 1
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units, Laundry Area - In Unit
  • Flooring: Carpet - Wall To Wall, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 545

Lot Info

  • Lot Description: Grade - Level
  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8000.00
  • Lot Size Area Min Search: 8000.00
  • Maximum Lot Size: 8000.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 15.91
  • Min Rent2 Bed1 Bath: 1650

Multi Family

  • Expense Insurance: 1085
  • Expense Landscape: 720
  • Expense Maintenance: 600
  • Expense Management: 2793
  • Expenses Other: 200
  • Expenses Total: 6825
  • Expense Water Sewer: 542
  • Income Annual Gross: 39900.00
  • Income Annual Rental: 39900
  • Income Gross Scheduled: 39900
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Maximum Rent2 Bed1 Bath: 1675
  • Maximum Size2 Bed1 Bath: 977
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Min Size2 Bed1 Bath: 840
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2013 07/08/13 Sold $610,000 -3.9% $336 / Sq Ft
05/29/2013 05/29/13 Pending -- -- --
05/20/2013 05/20/13 For Sale $635,000 -- $349 / Sq Ft
Source: MLSListings

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 $8,203 $747,765 $245,166 $502,599
2024 $8,203 $733,104 $240,359 $492,745
2023 $7,945 $718,731 $235,647 $483,084
2022 $7,836 $704,639 $231,027 $473,612
2021 $7,723 $690,824 $226,498 $464,326
2020 $7,433 $683,741 $224,176 $459,565
2019 $7,794 $670,335 $219,781 $450,554
2018 $7,487 $657,192 $215,472 $441,720
2017 $6,939 $644,307 $211,248 $433,059
2016 $6,816 $631,674 $207,106 $424,568
2015 $6,719 $622,187 $203,996 $418,191
2014 $6,605 $610,000 $200,000 $410,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81317424

MLSListings

APN: 001-502-010

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