NOT LISTED FOR SALE

502 Lobos Ave Pacific Grove, CA 93950

Estimated Value: $1,567,000 - $2,014,000

3 Beds
4 Baths
1,896 Sq Ft
$940/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $1,050,000 $554 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $10,411/month

14 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • Attic
  • Robert Down Elementary School Rated A
  • Victorian Architecture
  • 1 Fireplace

About This Home

As of December 2017

Quintessential Pacific Grove---a beautiful home built in 1904, maintained, remodeled, and loved! Situated on a large 90x60 corner lot in a walk to town location, this beauty is ready for you to move-in tomorrow. From the charming porch you enter through the front door into a spacious, almost 500 sq ft, living room--large enough for a baby grand, a fireplace w/ pellet stove insert & gorgeous hardwood floors. A 1/2 bath is just off of the living room. The chef's delight kitchen, updated in 2005, adjacent to the laundry area & pantry/storage. Also downstairs is a 216 sq ft dining room/office/library (you choose the best use) & a master bedroom w/ a sitting/dressing room & full bathroom. Upstairs offers two bedrooms, a full bathroom , walk-in attic storage & Bay peeks. A wonderful big lot--side yard for flowers or veggies or maybe a parking pad in the future(?), a sunny back yard & SO very nice little Casita w/ a sleeping loft, a sink & a composting toilet (yep, that's what I said!)

Last Agent to Sell the Property

Peggy Jones

The Jones Group-Coast & Country Real Estate License #01299648 Listed on: 10/23/2017

Last Buyer's Agent

Jeanne Osio

Coldwell Banker Realty License #01147233

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,498

Year Built

  • Built in 1904

Lot Details

  • 5,401 Sq Ft Lot
  • Fenced

Parking

  • On-Street Parking

Home Design

  • Victorian Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,896 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Formal Dining Room
  • Storage Room
  • Wood Flooring
  • Attic

Kitchen

  • Breakfast Bar
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Outdoor Features

  • Shed
  • Barbecue Area

Additional Homes

  • 136 SF Accessory Dwelling Unit

Utilities

  • Forced Air Heating System
  • Pellet Stove burns compressed wood to generate heat
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 006-468-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,498

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Victorian
  • Listing Class: Residential
  • Second Res Apx Sq Ft: 136
  • Structure Sq Ft: 1896
  • Year Built: 1904
  • Zoning Description: SFR
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Pellet Stove
  • Dining Room: Breakfast Bar, Formal Dining Room
  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1896
  • Stories: 2
  • Bedrooms: Primary Bedroom on Ground Floor
  • Laundry: Inside, Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Attic, Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Full on Ground Floor, Half on Ground Floor, Primary - Stall Shower(s), Stall Shower - 2+, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: BBQ Area, Fenced, Storage Shed / Structure

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • High School: 560

Lot Info

  • Parcel Number: 006-468-002-000
  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Multi Family

  • Utilities: Public Utilities
  • Second Unit Description: Casita w/ loft

MLS Schools

  • High School District Text: Pacific Grove Unified
  • Elementary School Text: Robert Down Elementary
  • High School Text: Pacific Grove High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2017
Closed on
Dec 15, 2017
Sold by
Steele Susan M and Oehrle Richard T
Bought by
Bolivar Jacques A and Bolivar Lisa F
Seller's Agent
Peggy Jones
The Jones Group-Coast & Country Real Estate
Buyer's Agent
Jeanne Osio
Coldwell Banker Realty
List Price
$1,099,000
Sold Price
$1,050,000
Premium/Discount to List
-$49,000
-4.46%
Current Estimated Value
$1,781,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,314
Avg. Annual Appreciation
6.97%
Original Mortgage
$480,000
Outstanding Balance
$403,699
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$1,377,615

Purchase Details

Closed on
Aug 22, 2012
Sold by
Steele Susan M and Oehrle Richard T
Bought by
Steele Susan M and Oehrle Richard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2010
Sold by
Steele Susan M and Oehrie Richard T
Bought by
Steele Susan M and Oehrie Richard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$569,000
Interest Rate
4.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2007
Sold by
Steele Susan M and Oehrle Richard T
Bought by
Steele Susan M and Oehrle Richard T

Purchase Details

Closed on
Sep 2, 2003
Sold by
Harter Eugene P and Harter Lynne W
Bought by
Oehrle Richard T and Steele Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
3.49%
Mortgage Type
Purchase Money Mortgage
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
Bolivar Jacques A $1,050,000 Chicago Title Co
Steele Susan M -- Fidelity National Title Co
Steele Susan M -- Fidelity National Title Co
Steele Susan M -- First American Title Company
Steele Susan M -- First American Title Company
Steele Susan M -- None Available
Oehrle Richard T $710,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolivar Jacques A $480,000
Previous Owner Steele Susan M $465,000
Previous Owner Steele Susan M $569,000
Previous Owner Oehrle Richard T $568,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $1,050,000 -4.5% $554 / Sq Ft
11/07/2017 11/07/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $1,099,000 -- $580 / 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 $12,498 $1,194,716 $853,369 $341,347
2024 $12,498 $1,171,291 $836,637 $334,654
2023 $12,653 $1,148,326 $820,233 $328,093
2022 $12,396 $1,125,810 $804,150 $321,660
2021 $12,333 $1,103,736 $788,383 $315,353
2020 $12,085 $1,092,420 $780,300 $312,120
2019 $11,701 $1,071,000 $765,000 $306,000
2018 $11,467 $1,050,000 $750,000 $300,000
2017 $9,470 $869,820 $490,040 $379,780
2016 $9,492 $852,766 $480,432 $372,334
2015 $9,082 $817,000 $460,000 $357,000
2014 $8,138 $733,000 $413,000 $320,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81682576

MLSListings

APN: 006-468-002-000