NOT LISTED FOR SALE

504 Ocean Ave Unit 5 Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $769,000 - $1,044,793

2 Beds
1.5 Baths
1,180 Sq Ft
9,801 Sq Ft Lot

Sale Details

Date Sold: February 20, 2015

Last sale price $426,500 $361 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,183 / mo

9 Days on Market

Highlights

  • 0.23 Acre Lot
  • Bathtub with Shower
  • Family or Dining Combination
  • Monterey High School Rated A
  • Forced Air Heating System
  • Wood Burning Fireplace

About This Home

As of February 2015

Beaufully remodeled End unit townhouse/condo with plentiful natural light & peek of the bay. Features include-new granite counters, kitchen cabinets,stainless appliances, laminate flooring, fresh paint,updated baths,private sun deck, 2 balconies, underground parking w/2 spaces,10x9 storage room. Walk to the beach,rec.trail, Fishermans Wharf,& Downtown Monterey.Investors take a look at this opportunity with NPS and MPC being a stones throw away.Enjoy the privacy of living in a small 8 unit complex.

Last Agent to Sell the Property

Anthony Pietragallo

Resource Real Estate Loans License #01362189 Listed on: 12/29/2014

Last Buyer's Agent

Toni Fleming

David Lyng Real Estate License #00524900

David Lyng Real Estate

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1981

Lot Details

  • 9,801

Parking

  • 2 Carport Spaces

Home Design

  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,180 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Family or Dining Combination
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Community Details

  • Property has a Home Owners Association
  • Association fees include common area electricity, decks, exterior painting, fencing, garbage, insurance - common area, insurance - structure, landscaping / gardening, maintenance - common area, maintenance - exterior, roof
  • 8 Units
  • Ocean Cypress Community Association

Listing and Financial Details

  • Assessor Parcel Number 001-842-020-000

Property Details

Home Type

Condominium

Year Built

Built in 1981

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Subclass: Condominium
  • Restrictions: Age - No Restrictions
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 8
  • Structure Sq Ft: 1180
  • Year Built: 1981
  • Zoning Description: r-1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Wood Burning
  • Dining Room: Dining Area in Family Room
  • Living Sq Ft: 1180
  • Stories: 2
  • Laundry: Hookup - Washer/Dryer
  • Flooring: Laminate, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower and Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tar and Gravel

Garage/Parking

  • Garage Parking Features: Covered Parking
  • Carport Min: 2

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 300
  • Association Fees Include: Common Area Electricity, Decks, Exterior Painting, Fencing, Garbage, Insurance - Common Area, Insurance - Structure, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Roof
  • H O A Name Text: Ocean Cypress Community Association
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 001-842-020-000
  • Lot Acres: 0.2250
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1180.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1180.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2014
Closed on
Feb 10, 2015
Sold by
Bought by
Seller's Agent
Anthony Pietragallo
Resource Real Estate Loans
Buyer's Agent
Toni Fleming
David Lyng Real Estate
List Price
$435,000
Sold Price
$426,500
Premium/Discount to List
-$8,500
-1.95%
Current Estimated Value
$868,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$442,448
Avg. Annual Appreciation
6.44%
Original Mortgage
$341,200
Outstanding Balance
$253,363
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$615,585

Purchase Details

Closed on
Apr 12, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$426,500 Old Republic
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $341,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/20/2015 02/20/15 Sold $426,500 -2.0% $361 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $435,000 -- $369 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,548 $512,578 $150,226 $362,352
2024 $5,548 $502,529 $147,281 $355,248
2023 $5,403 $492,677 $144,394 $348,283
2022 $5,328 $483,017 $141,563 $341,454
2021 $5,251 $473,547 $138,788 $334,759
2020 $5,053 $468,692 $137,365 $331,327
2019 $5,302 $459,503 $134,672 $324,831
2018 $5,091 $450,494 $132,032 $318,462
2017 $4,716 $441,662 $129,444 $312,218
2016 $4,598 $433,003 $126,906 $306,097
2015 $2,241 $208,946 $61,227 $147,719
2014 $2,203 $204,854 $60,028 $144,826
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Anthony Pietragallo

    Resource Real Estate Loans

    (831) 646-1302

    34 Total Sales

    Anthony Pietragallo
    Section Image

  • T

    Buyer's Agent in 2015

    Toni Fleming

    David Lyng Real Estate (Carmel offices)

    Section Image
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Map

Source: MLSListings

MLS Number: ML81445407

MLSListings

APN: 001-842-020-000

California Monterey County Monterey 93940 East Monterey

504 Ocean Ave Unit 5, Monterey, CA

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