NOT LISTED FOR SALE

503 17th St Pacific Grove, CA 93950

Estimated Value: $998,368 - $1,617,000

4 Beds
2 Baths
1,411 Sq Ft
$938/Sq Ft Est. Value

Last Sold April 30, 2013

Last sale price $620,000 $439 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $7,877/month

Highlights

  • Tile Flooring
  • Laundry Facilities
  • 5-minute walk to Caterpillar Park
  • Robert Down Elementary School Rated A
  • 1-Story Property

About This Home

As of April 2013

Well maintained 2 bedroom, 1 bath cottage plus 1 bedroom, 1 bath apartment and studio apartment all located just a couple of blocks from downtown Pacific Grove. If you always wanted your own place in PG, but didn't have quite enough cash to pull it off, this is your opportunity. You can live in one and rent the other 2 to help pay the mortgage.

Last Agent to Sell the Property

Monterey Peninsula Home Team

Coldwell Banker Realty License #70000352 Listed on: 01/28/2013

Coldwell Banker Realty

Last Buyer's Agent

Maureen Mason

Coldwell Banker Realty License #00977430

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,011

Year Built

  • 1957

Lot Details

  • 4,182

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,411 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $3,300
  • The owner pays for electric, garbage, gas

Community Details

Building Details

  • Operating Expense $7,339
  • Gross Income $3,300

Additional Features

  • 1,411 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,011

Year Built

1957

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Triplex
  • Age: 56
  • Inspections Reports: Fault Zone, Pest Control, Sewer/Septic, Flood Zone
  • Sale Price Per Sq Ft: 439.40
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1411
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1411
  • Stories: 1
  • Laundry: Community Facility
  • Flooring: Carpet - Area, Tile, Carpet, Varies By Unit

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

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

Utilities

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

Schools

  • School District: Pacific Grove Unified
  • Middle School: Pacific Grove Middle
  • Middle School: 561

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4200.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4200.00
  • Lot Size Area Min Search: 4200.00
  • Maximum Lot Size: 4200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 187.88

Multi Family

  • Expenses Total: 7339
  • Income Annual Gross: 3300.00
  • Income Annual Rental: 3300
  • Income Gross Scheduled: 3300
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Utilities - Gas, Fee - Property Tax, Services - Sewer, Utilities - Water
  • Owner Pays: Electric, Garbage, Gas
  • Tenant Expenses: Cable Tv

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2013
Closed on
Apr 25, 2013
Sold by
Hennessy Michael J and Henessy Nelly N
Bought by
Britz Brett
Seller's Agent
Monterey Peninsula Home Team
Coldwell Banker Realty
Buyer's Agent
Maureen Mason
Coldwell Banker Realty
List Price
$595,000
Sold Price
$620,000
Premium/Discount to List
$25,000
4.2%
Current Estimated Value
$1,323,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,092
Avg. Annual Appreciation
6.72%

Purchase Details

Closed on
Feb 27, 2013
Sold by
Hennessy Michael Joseph and Hennessy Nelly Natividad
Bought by
Hennessy Michael J and Hennessy Nelly N

Purchase Details

Closed on
Jul 25, 2006
Sold by
Hennessy Michael J and Hennessy Nelly N
Bought by
Hennessy Michael Joseph and Hennessy Nelly Natividad

Purchase Details

Closed on
Jan 11, 2005
Sold by
Hennessy Michael J
Bought by
Hennessy Michael J and Hennessy Nelly N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2003
Sold by
Marcuzzo Kelly
Bought by
Deruosi Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2003
Sold by
Hennessy Nelly N
Bought by
Hennessy Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 8, 2003
Sold by
Huffman Larry E
Bought by
Deruosi Joseph L and Hennessy Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2003
Sold by
Huffman Kathleen Elizabeth
Bought by
Huffman Larry E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
4.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 14, 2003
Sold by
Huffman Kathleen E
Bought by
Huffman Larry E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.96%
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
Britz Brett -- Chicago Title Company
Hennessy Michael J -- Chicago Title Company
Hennessy Michael Joseph -- None Available
Hennessy Michael J -- First American Title
Hennessy Michael J -- First American Title
Deruosi Joseph L -- Stewart Title
Hennessy Michael J -- Stewart Title
Deruosi Joseph L $650,000 Stewart Title
Huffman Larry E -- Stewart Title
Huffman Larry E -- Old Republic Title
Huffman Larry E -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hennessy Michael J $600,000
Previous Owner Deruosi Joseph L $520,000
Previous Owner Huffman Larry E $225,000
Previous Owner Huffman Larry $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2013 04/30/13 Sold $620,000 +4.2% $439 / Sq Ft
01/28/2013 01/28/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $595,000 -- $422 / 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 $8,011 $763,475 $554,138 $209,337
2024 $8,011 $748,506 $543,273 $205,233
2023 $8,150 $733,830 $532,621 $201,209
2022 $7,986 $719,442 $522,178 $197,264
2021 $7,945 $705,337 $511,940 $193,397
2020 $7,787 $698,105 $506,691 $191,414
2019 $7,541 $684,417 $496,756 $187,661
2018 $7,392 $670,998 $487,016 $183,982
2017 $7,272 $657,842 $477,467 $180,375
2016 $7,290 $644,944 $468,105 $176,839
2015 $7,173 $635,257 $461,074 $174,183
2014 $7,024 $622,814 $452,043 $170,771
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81302580

MLSListings

APN: 006-475-001-000