NOT LISTED FOR SALE

500 Spencer St Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $1,867,000 - $2,074,000

4 Beds
2.5 Baths
2,345 Sq Ft
$840/Sq Ft Est. Value

Last Sold March 01, 2018

Last sale price $1,350,000 $576 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $12,093/month

Highlights

  • High Ceiling
  • Granite Countertops
  • Wet Bar
  • Monterey High School Rated A
  • Double Oven
  • 1-minute walk to Hoffman Park

About This Home

As of March 2018

On the hill above historic Cannery Row sits this gorgeous custom 3 bed, 2.5 bath, Ocean View home w/ Mediterranean influences while being a thoroughly modern, family-friendly property.The custom touches are obvious the moment you step into the formal entryway, lined in rich marble. From here the open floor plan affords jawdropping blue water views from Monterey to Santa Cruz from the cathedral-ceiling living/dining room with wood burning fireplace and convenient wet bar. Step out onto an expansive deck to capture the ocean views.Everything about this home speaks to quality & attention to detail, from the subtle recessed lighting, crown moldings,base boards,bull-nosed plaster corners to the tile floors, kitchen w/ Viking cooktop, Sub-Zero fridge & incredible amount of custom cabinets.There are 3 bedrooms on the main floor, a master suite upstairs, includes an expansive, marble-lined bathroom w/ Jacuzzi tub & walk in closet. Downstairs, a finished two-car garage finishes the picture.

Last Agent to Sell the Property

Annie Giammanco

KW Coastal Estates License #00998517 Listed on: 01/09/2018

KW Coastal Estates

Last Buyer's Agent

Brad Griffin

KW Coastal Estates License #02018249

KW Coastal Estates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,340

Year Built

  • Built in 1999

Lot Details

  • 6,007 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,345 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Dining Area
  • Gas Dryer Hookup

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 001-095-015-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,340

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Age: 19
  • Listing Class: Residential
  • Structure Sq Ft: 2345
  • Year Built: 1999
  • Zoning Description: R-1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Wood Burning
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: Cooktop - Gas, Countertop - Granite, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Double, Refrigerator
  • Living Sq Ft: 2345
  • Stories: 2
  • Laundry: Gas Hookup
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Tile

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-in Closet, Wet Bar

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-095-015-000
  • Lot Acres: 0.1379
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6009.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6009.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2018
Closed on
Feb 23, 2018
Sold by
Aiello Richard R and Aiello Francesca M
Bought by
Riggs Rodney J and Riggs Pauline K
Seller's Agent
Annie Giammanco
KW Coastal Estates
Buyer's Agent
Brad Griffin
KW Coastal Estates
List Price
$1,350,000
Sold Price
$1,350,000
Current Estimated Value
$1,969,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,531
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Aug 4, 2017
Sold by
Aiello Richard and Aiello Francesca
Bought by
Aiello Richard R and Aiello Francesca M

Purchase Details

Closed on
Sep 23, 2010
Sold by
Aiello Richard and Aiello Francesca
Bought by
Aiello Richard and Aiello Francesca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.38%
Mortgage Type
New Conventional
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
Riggs Rodney J $1,350,000 Chicago Title Co
Aiello Richard R -- None Available
Aiello Richard -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Aiello Richard $250,000
Previous Owner Aiello Richard $417,000
Previous Owner Aiello Richard $180,000
Previous Owner Aiello Richard $417,000
Previous Owner Aiello Richard $470,000
Previous Owner Aiello Richard $475,000
Previous Owner Aiello Richard $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2018 03/01/18 Sold $1,350,000 0.0% $576 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
01/09/2018 01/09/18 For Sale $1,350,000 -- $576 / 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 $16,340 $1,536,065 $654,249 $881,816
2024 $16,340 $1,505,947 $641,421 $864,526
2023 $16,103 $1,476,420 $628,845 $847,575
2022 $15,881 $1,447,471 $616,515 $830,956
2021 $15,651 $1,419,090 $604,427 $814,663
2020 $15,059 $1,404,540 $598,230 $806,310
2019 $15,809 $1,377,000 $586,500 $790,500
2018 $6,317 $561,402 $255,491 $305,911
2017 $5,854 $550,395 $250,482 $299,913
2016 $5,749 $539,604 $245,571 $294,033
2015 $5,667 $531,500 $241,883 $289,617
2014 $5,569 $521,089 $237,145 $283,944
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Annie Giammanco

    KW Coastal Estates

    Section Image

  • B

    Buyer's Agent in 2018

    Brad Griffin

    KW Coastal Estates

    Section Image

  • P

    Buyer Co-Listing Agent in 2018

    Pete Ruiz

    KW Coastal Estates

    Section Image
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Map

Source: MLSListings

MLS Number: ML81688397

MLSListings

APN: 001-095-015-000

California Monterey County Monterey 93940 New Monterey

500 Spencer St, Monterey, CA

This home is located at 500 Spencer St, Monterey, CA 93940 since 09 January 2018 and is currently estimated at $1,969,531, approximately $839 per square foot. This property was built in 1999. 500 Spencer St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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