NOT LISTED FOR SALE

508 Monterey Ave Pacific Grove, CA 93950

Estimated Value: $1,469,412 - $1,686,000

3 Beds
2 Baths
1,453 Sq Ft
$1,084/Sq Ft Est. Value

Last Sold July 13, 2016

Last sale price $999,000 $688 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $9,574/month

4 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • High Ceiling
  • Robert Down Elementary School Rated A
  • Wood Flooring
  • 4-minute walk to Caterpillar Park

About This Home

As of July 2016

Single-level home with private master suite, rebuilt ten years ago. Three bedrooms, two luxurious baths, great room with custom built-ins, fireplace, sound system, and attached garage. An entirely new home built with one remaining wall, just ten years ago.

Last Agent to Sell the Property

Edward Hoyt

Sotheby’s International Realty License #01377974 Listed on: 06/01/2016

Last Buyer's Agent

Eric Stauffer

Coldwell Banker Realty License #01006365

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,130

Year Built

  • Built in 1912

Lot Details

  • 3,615 Sq Ft Lot
  • Gated Home
  • Back Yard Fenced
  • Level Lot
  • Grass Covered Lot

Parking

  • 1 Car Garage

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,453 Sq Ft Home
  • Wired For Sound
  • High Ceiling
  • Gas Fireplace
  • Separate Family Room
  • Dining Area
  • Fire Sprinkler System
  • Washer and Dryer

Kitchen

  • Breakfast Bar
  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub with Shower
  • Walk-in Shower

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 006-496-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,130

Year Built

Built in 1912

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Cape Cod
  • Age: 104
  • Listing Class: Residential
  • Structure Sq Ft: 1453
  • Year Built: 1912
  • Zoning Description: R-1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Burning
  • Dining Room: Breakfast Bar, Dining Area
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven - Built-In, Refrigerator
  • Living Sq Ft: 1453
  • Security: Fire System - Sprinkler
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Stone
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Bathroom: Double Sinks, Granite, Shower and Tub, Stall Shower, Tub
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Deck, Fenced, Low Maintenance
  • Fencing: Fenced, Fenced Back, Gate

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • 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

Schools

  • School District: Pacific Grove Unified
  • Elementary School: Robert Down Elementary
  • High School: Pacific Grove High
  • High School: 560
  • Elementary School: 563

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 006-496-002-000
  • Lot Acres: 0.0830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00

Green Features

  • Energy Features: Low Flow Toilet

Multi Family

  • Utilities: Natural Gas, Public Utilities

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
Jun 1, 2016
Closed on
Jul 7, 2016
Sold by
Clark Matthew J and Clark Valerie E
Bought by
Altman Richard A and Altman Julie C
Seller's Agent
Edward Hoyt
Sotheby’s International Realty
Buyer's Agent
Eric Stauffer
Coldwell Banker Realty
List Price
$999,000
Sold Price
$999,000
Current Estimated Value
$1,574,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,603
Avg. Annual Appreciation
4.87%
Original Mortgage
$699,000
Outstanding Balance
$326,139
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$1,217,702

Purchase Details

Closed on
Feb 8, 2012
Sold by
Rossi Steve M and Rossi Jennifer L
Bought by
Clark Matthew J and Clark Valerie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,192
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 3, 2010
Sold by
Rossi Stephen M and Rossi Jennifer L
Bought by
Rossi Steve M and Rossi Jennifer L

Purchase Details

Closed on
Nov 11, 2009
Sold by
Rossi Stephen M and Rossi Jennifer L
Bought by
Rossi Steve and Rossi Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$615,000
Interest Rate
4.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2005
Sold by
Rossi Steve and Rossi Jennifer
Bought by
Rossi Stephen M and Rossi Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.61%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 30, 2004
Sold by
Carminati John and Gage Dean E
Bought by
Rossi Steve and Rossi Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$678,750
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2003
Sold by
Littschwager Eric and Valderama Susana
Bought by
Carminati John and Gage Dean E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,500
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2000
Sold by
Sawyer Lois A and Waldear Dorrie L
Bought by
Liittschwager Eric and Valderrama Susana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,408
Interest Rate
8.26%
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
Altman Richard A $999,000 Chicago Title Company
Clark Matthew J $749,000 Chicago Title Company
Rossi Steve M -- Ticor Title Company Of Ca
Rossi Steve -- Ticor Title
Rossi Stephen M -- --
Rossi Steve -- Chicago Title
Carminati John $410,000 First American Title
Liittschwager Eric $330,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Altman Richard A $699,000
Previous Owner Clark Matthew J $599,200
Previous Owner Clark Matthew J $605,192
Previous Owner Rossi Steve $615,000
Previous Owner Rossi Stephen M $100,000
Previous Owner Rossi Steve $125,000
Previous Owner Rossi Steve $678,750
Previous Owner Carminati John $18,500
Previous Owner Littschwager Eric B $40,000
Previous Owner Liittschwager Eric $360,000
Previous Owner Liittschwager Eric $263,408
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2016 07/13/16 Sold $999,000 0.0% $688 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $999,000 -- $688 / 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 $12,130 $1,159,417 $754,378 $405,039
2024 $12,130 $1,136,685 $739,587 $397,098
2023 $12,282 $1,114,398 $725,086 $389,312
2022 $12,033 $1,092,548 $710,869 $381,679
2021 $11,972 $1,071,127 $696,931 $374,196
2020 $11,731 $1,060,145 $689,785 $370,360
2019 $11,358 $1,039,359 $676,260 $363,099
2018 $11,131 $1,018,980 $663,000 $355,980
2017 $10,950 $999,000 $650,000 $349,000
2016 $8,924 $794,716 $477,466 $317,250
2015 $8,780 $782,780 $470,295 $312,485
2014 $8,597 $767,447 $461,083 $306,364
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81588378

MLSListings

APN: 006-496-002-000