NOT LISTED FOR SALE

513 Locust St Pacific Grove, CA 93950

Estimated Value: $1,189,000 - $1,731,000

3 Beds
1 Bath
1,020 Sq Ft
$1,325/Sq Ft Est. Value

Last Sold August 25, 2022

Last sale price $1,038,000 $1,018 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $8,001/month

Highlights

  • Wine Cellar
  • Wood Flooring
  • Bathtub with Shower
  • Robert Down Elementary School Rated A
  • Workshop
  • 4-minute walk to George Washington Park

About This Home

As of August 2022

First time on the market in almost 40 years, this 3 bedroom 1 bath single story Pacific Grove bungalow has just been painted inside and out. On a level lot with no trees overhanging the light-filled house, this smart little home has a pleasing, regular floor plan with large living room with fireplace and is centrally located with walks to town and beach and markets. Double paned windows and hardwood floors throughout. Large shop/laundry room (used to be garage) plus carport. Fenced rear yard for gardening. Very well priced for quick sale in this tight Pacific Grove market. Needs some TLC! Bring offers!

Last Agent to Sell the Property

Barbara Ehrenpreis

Carmel Realty Company License #01136716 Listed on: 08/04/2022

Last Buyer's Agent

Dave Morgan

Coldwell Banker Realty License #02019292

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • 1953

Lot Details

  • 3,598 Sq Ft Lot
  • West Facing Home
  • Back Yard Fenced
  • Level Lot

Home Design

  • Bungalow
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • Wine Cellar
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Workshop
  • Storage Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • No Garage
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Home Details

Home Type

Single Family

Year Built

1953

Lot Details

0

Listing Details

  • Zoning: SFR
  • Subclass: Single Family Home
  • Style: Bungalow
  • Listing Class: Residential
  • Structure Sq Ft: 1020
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area In Living Room
  • Kitchen: Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 1020
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom, More Than One Bedroom On Ground Floor, Primary Bedroom On Ground Floor
  • Laundry: Dryer, In Utility Room, Washer
  • Flooring: Hardwood
  • Additional Rooms: Storage, Wine Cellar / Storage, Workshop
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Full On Ground Floor, Shower Over Tub - 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Fenced
  • Fencing: Fenced Back, Mixed Height / Type
  • Property Faces: West
  • Construction Type: Wood

Garage/Parking

  • Garage Parking Features: Carport, Guest / Visitor Parking, No Garage, Off-Street Parking, On Street
  • Carport Min: 1

Utilities

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

Schools

  • High School: 560

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.0826
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3600.00
  • Soil: Unknown

Green Features

  • Energy Features: Insulation - Unknown

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Aug 22, 2022
Sold by
Nix Lance V
Bought by
Phelps Jesse S and Phelps Vanessa
Seller's Agent
Barbara Ehrenpreis
Carmel Realty Company
Buyer's Agent
Dave Morgan
Coldwell Banker Realty
List Price
$1,050,000
Sold Price
$1,038,000
Premium/Discount to List
-$12,000
-1.14%
Views
17
Current Estimated Value
$1,351,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,214
Avg. Annual Appreciation
8.14%
Original Mortgage
$701,000
Outstanding Balance
$670,191
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$681,023
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phelps Jesse S $1,038,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phelps Jesse S $701,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2022 08/25/22 Sold $1,038,000 -1.1% $1,018 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $1,050,000 -- $1,029 / 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 $11,301 $1,079,935 $728,280 $351,655
2024 $11,301 $1,058,760 $714,000 $344,760
2023 $11,430 $1,038,000 $700,000 $338,000
2022 $10,444 $1,038,000 $700,000 $338,000
2021 $2,078 $187,376 $61,784 $125,592
2020 $2,036 $185,456 $61,151 $124,305
2019 $1,971 $181,820 $59,952 $121,868
2018 $1,933 $178,256 $58,777 $119,479
2017 $1,900 $174,762 $57,625 $117,137
2016 $1,903 $171,337 $56,496 $114,841
2015 $1,871 $168,764 $55,648 $113,116
2014 $1,831 $165,459 $54,558 $110,901
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81902592

MLSListings

APN: 006-458-007-000