NOT LISTED FOR SALE

504 Ocean Ave Unit 2 Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $857,000 - $990,000

2 Beds
1.5 Baths
1,178 Sq Ft
$400/mo HOA Fee

Last Sold September 15, 2023

Last sale price $835,000 $709 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,151/month

26 Days on Market

Highlights

  • Contemporary Architecture
  • Granite Countertops
  • Forced Air Zoned Heating and Cooling System
  • La Mesa Elementary School Rated A-
  • Storage Room
  • Combination Dining and Living Room

About This Home

As of September 2023

Very Rare a Condo comes on the market in the middle of Monterey, one block from the Naval Post graduate School, few blocks from the ocean, Monterey Peninsula College, Scenic Recreation Trail, Lake El Estero, Fisherman's Warf, Cannery row and all the beauty that Monterey has to offer. This bright newly painted 2 bedrooms 1.5 bath has a lot to offer, granite counter in kitchen and baths, dual pane windows, SS appliances, cozy wood burning fireplace, heating and air conditioning system individually controlled in each room, two balconies are perfect to enjoy the fresh ocean breeze, inside laundry room with washer/dryer. Large storage room in the underground parking area with two assigned parking spaces. Low HOA fees that cover the roof, the exterior building, common area and landscaping. This is an incredible opportunity for those seeking a coastal retreat in a beach town where you can soak up in the sun on the sandy shores. Don't miss your chance to own a fabulous ocean getaway.

Last Agent to Sell the Property

Marcelle Hennawi

Marcelle Hennawi Real Estate License #01365649 Listed on: 08/07/2023

Last Buyer's Agent

Shannon McCourt

eXp Realty of California Inc License #02137693

eXp Realty of California Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,106

Year Built

  • Built in 1982

Lot Details

  • 5,663

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Carport

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,178 Sq Ft Home
  • Fireplace With Gas Starter
  • Combination Dining and Living Room
  • Storage Room
  • Laundry on upper level

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Zoned Heating and Cooling System

Community Details

  • Association fees include common area electricity, decks, landscaping / gardening, maintenance - common area, maintenance - exterior, roof
  • 8 Units
  • Sterling Property Management Association
  • Built by Ocean Cypress Community

Listing and Financial Details

  • Assessor Parcel Number 001-842-017-000

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,106

Year Built

Built in 1982

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 41
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 8
  • Structure Sq Ft: 1178
  • Complex Name: Ocean Cypress Community
  • Year Built: 1982
  • Zoning Description: Residential
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Starter
  • Dining Room: Dining Area in Living Room
  • Kitchen: Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Refrigerator
  • Living Sq Ft: 1178
  • Laundry: Inside, Upper Floor
  • Additional Rooms: Storage
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Post and Pier
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling System: Central AC
  • Heating System: Fireplace, Forced Air, Individual Room Controls
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 400
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Decks, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Roof
  • H O A Name Text: Sterling Property Management
  • H O A Exist: Yes

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-842-017-000

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2020
Closed on
Jan 25, 2021
Sold by
Scaravetti Norman
Bought by
Haroun Boils
Seller's Agent
Erika Reid
Bailey Properties
Buyer's Agent
Marcelle Hennawi
Marcelle Hennawi Real Estate
List Price
$649,000
Sold Price
$675,000
Premium/Discount to List
$26,000
4.01%
Current Estimated Value
$936,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,961
Avg. Annual Appreciation
6.83%
Original Mortgage
$540,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2020
Closed on
Dec 8, 2020
Sold by
Haroun Neven
Bought by
Haroun Bolls
Seller's Agent
Erika Reid
Bailey Properties
Buyer's Agent
Marcelle Hennawi
Marcelle Hennawi Real Estate
List Price
$649,000
Sold Price
$675,000
Premium/Discount to List
$26,000
4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2018
Closed on
Jun 21, 2018
Sold by
Simmons Dre
Bought by
Scaravetti Norman
Seller's Agent
Lisa Brom
Sotheby’s International Realty
Buyer's Agent
Jonathan Meeske
Shankle Real Estate
List Price
$565,000
Sold Price
$565,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%
Original Mortgage
$536,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 1998
Sold by
Mehringer Bruce R
Bought by
Mehringer Bruce R and Mehringer Sandra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,800
Interest Rate
6.71%

Purchase Details

Closed on
Jan 6, 1998
Sold by
Firth Anne Catherine
Bought by
Martin George F and Martin Wanda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Haroun Boils $675,000 First American Title
Haroun Bolls -- First American Title
Scaravetti Norman -- Old Republic Title Co
Mehringer Bruce R -- Old Republic Title Company
Martin George F $195,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Haroun Bolls $540,000
Previous Owner Scaravetti Norman $536,750
Previous Owner Martin George F $147,300
Previous Owner Mehringer Bruce R $51,800
Previous Owner Martin George F $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $835,000 -1.8% $709 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
08/30/2023 08/30/23 For Sale $849,900 0.0% $721 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $849,900 +25.9% $721 / Sq Ft
01/29/2021 01/29/21 Sold $675,000 +4.0% $573 / Sq Ft
11/29/2020 11/29/20 Pending -- -- --
11/21/2020 11/21/20 For Sale $649,000 +14.9% $551 / Sq Ft
06/26/2018 06/26/18 Sold $565,000 0.0% $478 / Sq Ft
05/17/2018 05/17/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $565,000 -- $478 / 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 $9,106 $851,700 $408,000 $443,700
2024 $9,106 $835,000 $400,000 $435,000
2023 $7,592 $835,000 $400,000 $435,000
2022 $7,486 $688,500 $459,000 $229,500
2021 $6,490 $675,000 $450,000 $225,000
2020 $6,244 $587,826 $234,090 $353,736
2019 $6,551 $576,300 $229,500 $346,800
2018 $3,122 $273,630 $84,190 $189,440
2017 $2,894 $268,266 $82,540 $185,726
2016 $2,856 $263,007 $80,922 $182,085
2015 $2,815 $259,057 $79,707 $179,350
2014 $2,768 $253,983 $78,146 $175,837
Source: Public Records

Agents Affiliated with this Home

  • Marcelle Hennawi

    Seller's Agent in 2023

    Marcelle Hennawi

    Marcelle Hennawi Real Estate

    (831) 578-4879

    3 in this area

    24 Total Sales

    Marcelle Hennawi
    Section Image

  • S

    Buyer's Agent in 2023

    Shannon McCourt

    eXp Realty of California Inc

    (805) 791-6503

    1 in this area

    23 Total Sales

    Shannon McCourt
    Section Image
  • Erika Reid

    Seller's Agent in 2021

    Erika Reid

    Bailey Properties

    (831) 212-0240

    1 in this area

    44 Total Sales

    Erika Reid
    Section Image
  • Lisa Brom

    Seller's Agent in 2018

    Lisa Brom

    Sotheby’s International Realty

    (831) 682-0126

    45 Total Sales

    Lisa Brom
    Section Image

  • J

    Buyer's Agent in 2018

    Jonathan Meeske

    Shankle Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81937471

MLSListings

APN: 001-842-017-000

California Monterey County Monterey 93940 East Monterey

504 Ocean Ave Unit 2, Monterey, CA

This home is located at 504 Ocean Ave Unit 2, Monterey, CA 93940 since 07 August 2023 and is currently estimated at $936,961, approximately $795 per square foot. This property was built in 1982. 504 Ocean Ave Unit 2 is a home located in Monterey County with nearby schools including La Mesa Elementary School, Monte Vista Elementary School, and Monterey High School.

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