NOT LISTED FOR SALE

492 Clay St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,800,000 - $2,543,000

5 Beds
4 Baths
4,000 Sq Ft
$558/Sq Ft Est. Value

Last Sold April 17, 2015

Last sale price $1,150,000 $288 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $12,578/month

18 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Forced Air Zoned Heating System
  • Monterey High School Rated A
  • Eat-In Kitchen
  • Separate Family Room

About This Home

As of April 2015

Home is ideally located and spans three Monterey parcels. Two Living rooms with fireplaces, seperate office, study, basement and more. Special features include hardwood flooring, covered patio, guest quarters and more!

Last Agent to Sell the Property

Dennis Lunder

Dennis A. Lunder, Broker License #00656586 Listed on: 02/14/2015

Co-Listed By

Amber Russell

Sotheby’s International Realty License #01795810

Last Buyer's Agent

Mark Trapin

Sotheby’s International Realty License #01233599

Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,343

Year Built

  • Built in 1905

Lot Details

  • Zoning described as R1

Parking

  • Carport

Home Design

  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Separate Family Room
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Gas
  • Master Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 001-346-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,343

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Age: 110
  • Listing Class: Residential
  • Structure Sq Ft: 4000
  • Incorporated: Yes
  • Year Built: 1905
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Starter, Wood Burning, Yes
  • Dining Room: Eat in Kitchen, Formal Dining Room
  • Kitchen: Dishwasher, Freezer, Oven Range, Pantry, Refrigerator
  • Living Sq Ft: 4000
  • Stories: 2
  • Laundry: Dryer, Washer
  • Flooring: Carpet, Hardwood, Tile
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile

Garage/Parking

  • Garage Parking Features: Carport

Utilities

  • Heating System: Forced Air, Gas, Heating - 2+ Zones
  • Sewer/Septic System: Sewer Connected, Sewer in Street

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-346-018
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14400.00

Multi Family

  • Utilities: Master Meter

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Cervi Michael A and Cervi Melanie J
Bought by
Cervi Family Revocable Trust
Current Estimated Value
$2,231,158

Purchase Details

Closed on
Aug 13, 2019
Sold by
Cervi Michael A and Cervi Melanie J
Bought by
Cervi Michael A and Cervi Melanie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 1, 2016
Sold by
Cervi Michael A and Cervi Melanie J
Bought by
The Cervi Family Revocable Living Trust

Purchase Details

Listed on
Feb 14, 2015
Closed on
Apr 1, 2015
Sold by
Early F Lee and The Early Family Trust
Bought by
Cervi Michael A and Cervi Melanie J
Seller's Agent
Dennis Lunder
Dennis A. Lunder, Broker
Buyer's Agent
Mark Trapin
Sotheby’s International Realty
List Price
$1,298,000
Sold Price
$1,150,000
Premium/Discount to List
-$148,000
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$862,500
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 23, 2003
Sold by
Cervi Family Revocable Living Trust
Bought by
Cervi Michael A and Cervi Melanie J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cervi Family Revocable Trust -- Leach And Walker Apc
Cervi Michael A -- Old Republic Title Co
Cervi Michael A -- Old Republic Title Company
The Cervi Family Revocable Living Trust -- None Available
Cervi Michael A $1,150,000 Old Republic Title Company
Cervi Michael A -- Leach And Walker Apc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cervi Michael A $250,000
Previous Owner Cervi Michael A $862,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2015 04/17/15 Sold $1,150,000 -7.9% $288 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
02/18/2015 02/18/15 Price Changed $1,248,000 -3.9% $312 / Sq Ft
02/14/2015 02/14/15 For Sale $1,298,000 -- $325 / 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 $5,343 $494,983 $116,056 $378,927
2024 $5,343 $485,279 $113,781 $371,498
2023 $5,238 $475,764 $111,550 $364,214
2022 $5,165 $466,436 $109,363 $357,073
2021 $5,090 $457,291 $107,219 $350,072
2020 $4,901 $452,603 $106,120 $346,483
2019 $5,135 $443,730 $104,040 $339,690
2018 $4,933 $435,030 $102,000 $333,030
2017 $4,575 $426,500 $100,000 $326,500
2016 $12,380 $1,167,537 $659,912 $507,625
2015 $2,857 $255,467 $84,257 $171,210
2014 $1,492 $250,464 $82,607 $167,857
Source: Public Records

Agents Affiliated with this Home

  • Dennis Lunder

    Seller's Agent in 2015

    Dennis Lunder

    Dennis A. Lunder, Broker

    (408) 892-4207

    41 Total Sales

    Dennis Lunder
    Section Image

  • A

    Seller Co-Listing Agent in 2015

    Amber Russell

    Sotheby’s International Realty

    Section Image
  • Mark Trapin

    Buyer's Agent in 2015

    Mark Trapin

    Sotheby’s International Realty

    (831) 601-4934

    78 Total Sales

    Mark Trapin
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81449200

MLSListings

APN: 001-346-018-000

California Monterey County Monterey 93940 Old Town

492 Clay St, Monterey, CA

This home is located at 492 Clay St, Monterey, CA 93940 since 14 February 2015 and is currently estimated at $2,231,158, approximately $557 per square foot. This property was built in 1905. 492 Clay St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes