NOT LISTED FOR SALE

499 Drake Ave Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $1,069,000 - $1,402,635

4 Beds
2 Baths
1,522 Sq Ft
$832/Sq Ft Est. Value

Last Sold June 08, 2012

Last sale price $455,000 $299 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $7,151/month

86 Days on Market

Highlights

  • Bay View
  • Deck
  • Spanish Architecture
  • Monterey High School Rated A
  • Marble Flooring
  • 4-minute walk to Monterey Scholze Park Center

About This Home

As of June 2012

Legal duplex two units two bedroom one bath each, chefs kitchen,wolf range, each unit has inside laundry area master bath huge jacuzzi tub, some Oceanviews from deck close to the bay all new electric and plumbing throughout, needs a roof negotiable,live in one unit rent the other great starter home or for a investor or retiree location,location,location.....

Last Agent to Sell the Property

Jana Bradford

Jana Bradford, Broker License #01241708 Listed on: 02/06/2012

Last Buyer's Agent

Jana Bradford

Jana Bradford, Broker License #01241708 Listed on: 02/06/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,239

Year Built

  • Built in 1920

Lot Details

  • 5,009

Property Views

  • Bay
  • Neighborhood

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 1,522 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Off-Street Parking

Utilities

  • Wood Insert Heater
  • Baseboard Heating
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Zoning described as R2

Listing and Financial Details

  • Assessor Parcel Number 001-056-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,239

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Spanish
  • Sale Price Per Sq Ft: 298.95
  • Listing Class: Residential
  • Structure Sq Ft: 1522
  • Incorporated: Yes
  • Map Book Page: 1133
  • Map Side Coordinate: 1
  • Map Top Coordinate: H
  • Thomas Bros Page: 1133
  • Thomas Brothers: H1
  • Year Built: 1920
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Insert, Yes
  • Dining Room: Dining Area in Living Room, No Informal Dining Room
  • Kitchen: Oven Range, Dishwashers - 2+, Refrigerators - 2+, Hookups - Gas
  • Living Sq Ft: 1522
  • Stories: 2
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Carpet - Area, Carpet - Wall to Wall, Marble
  • Maximum Bathrooms: 2
  • Minimum Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Bathroom: Shower over Tub - 1, Tubs - 2+, Stall Shower

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Pool - No
  • Roof: Tar and Gravel
  • View: Bay, Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Off-Street Parking
  • Carport Min: 2

Utilities

  • Heating System: Baseboard, Electric
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Schools

  • High School: 545

Lot Info

  • Parcel Number: 001-056-012
  • List Price per Sq Ft: 327.86
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5000.00
  • Lot Size Area Min Search: 5000.00
  • Maximum Lot Size: 5000.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Monterey Peninsula Unified
  • Elementary School Text: Larkin (Thomas O.) (Elem)
  • High School Text: Monterey High
  • Middle School Text: Roger S. Fitch Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2012
Closed on
May 24, 2012
Sold by
Nichols Thomas P
Bought by
Zhang Jing
Seller's Agent
Jana Bradford
Jana Bradford, Broker
Buyer's Agent
Jana Bradford
Jana Bradford, Broker
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Current Estimated Value
$1,266,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811,909
Avg. Annual Appreciation
7.95%
Original Mortgage
$364,000
Outstanding Balance
$250,892
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$1,016,017
Source: Public Records

Range of Values:

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Average Value
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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
Zhang Jing $455,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhang Jing $364,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2012 06/08/12 Sold $455,000 -8.8% $299 / Sq Ft
05/02/2012 05/02/12 Pending -- -- --
02/06/2012 02/06/12 For Sale $499,000 -- $328 / 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 $6,239 $571,495 $376,811 $194,684
2024 $6,239 $560,290 $369,423 $190,867
2023 $5,983 $549,305 $362,180 $187,125
2022 $5,899 $538,535 $355,079 $183,456
2021 $5,813 $527,976 $348,117 $179,859
2020 $5,594 $522,563 $344,548 $178,015
2019 $5,946 $512,318 $337,793 $174,525
2018 $5,710 $502,273 $331,170 $171,103
2017 $5,292 $492,426 $324,677 $167,749
2016 $5,198 $482,771 $318,311 $164,460
2015 $5,125 $475,520 $313,530 $161,990
2014 $5,037 $466,206 $307,389 $158,817
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jana Bradford

    Jana Bradford, Broker

See All Agents

Map

Source: MLSListings

MLS Number: ML81204563

MLSListings

APN: 001-056-012-000

California Monterey County Monterey 93940 New Monterey

499 Drake Ave, Monterey, CA

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