NOT LISTED FOR SALE

514 Forest Ave Pacific Grove, CA 93950

Estimated Value: $1,160,000 - $1,541,000

3 Beds
2.5 Baths
1,159 Sq Ft
$1,144/Sq Ft Est. Value

Sale Details

Date Sold: August 21, 2018

Last sale price $848,000 $732 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $8,003 / mo

5 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • High Ceiling
  • Robert Down Elementary School Rated A
  • Victorian Architecture
  • 3-minute walk to Caterpillar Park

About This Home

As of August 2018

Always dream of owning a Pacific Grove Victorian cottage close to town and the beach? Here is a great opportunity for you to make that dream a reality. Built in 1889, this adorable 910 sq ft Victorian has 2 bedrooms and 1.5 baths with trademarked high ceilings and is full of charm. It also has a secret... it is set on a street to street lot with a detached 249 sq ft guest house with an additional full bath plus a 2-car garage behind it. I bet you cant find another Victorian like it in Pacific Grove!

Last Agent to Sell the Property

Monterey Peninsula Home Team

KW Coastal Estates License #70000352 Listed on: 07/06/2018

KW Coastal Estates

Last Buyer's Agent

Mark Trapin

Sotheby’s International Realty License #01233599

Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1889

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot
  • Back Yard Fenced
  • Zoning described as R4

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Victorian Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,159 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Garden Windows
  • Combination Dining and Living Room
  • Neighborhood Views

Kitchen

  • Electric Oven
  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Remodeled Bathroom
  • Jack-and-Jill Bathroom
  • Bathroom on Main Level
  • Granite Bathroom Countertops
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Laundry in Garage
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan
  • Baseboard Heating
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 006-488-008-000

Home Details

Home Type

Single Family

Year Built

Built in 1889

Lot Details

3,485 Sq Ft Lot

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Style: Victorian
  • Listing Class: Residential
  • Structure Sq Ft: 1159
  • Incorporated: Yes
  • Year Built: 1889
  • Zoning Description: R4
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: Dining Area in Living Room
  • Kitchen: 220 Volt Outlet, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Microwave, Oven - Self Cleaning, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 1159
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom, More than One Bedroom on Ground Floor
  • Laundry: In Garage, Washer / Dryer
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Full on Ground Floor, Granite, Half on Ground Floor, Pass Through, Stall Shower, Tile, Tub, Updated Bath

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Fenced
  • Fencing: Fenced Back, Wood
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: Baseboard, Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Garden Window, High Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 006-488-008-000
  • Lot Acres: 0.0800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3485.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3485.00
  • Soil: Unknown

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Pacific Grove Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2018
Closed on
Jul 15, 2018
Sold by
Jonas Barbara E and Jonas Ross A
Bought by
May Spencer Iii Ralph Donald and May Spencer Felicia
Seller's Agent
Monterey Peninsula Home Team
KW Coastal Estates
Buyer's Agent
Mark Trapin
Sotheby’s International Realty
List Price
$848,000
Sold Price
$848,000
Current Estimated Value
$1,326,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,448
Avg. Annual Appreciation
5.94%
Original Mortgage
$615,250
Outstanding Balance
$533,206
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$793,242

Purchase Details

Closed on
Mar 4, 2010
Sold by
Greenberg Marilyn J
Bought by
Jonas Barbara E and Jonas Ross A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
4.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2008
Sold by
Melnick Thomas E
Bought by
Greenberg Richard and Greenberg Family Trust

Purchase Details

Closed on
Mar 20, 2007
Sold by
Melnick Thomas E
Bought by
Melnick Thomas E and Thomas E Melnick Living Trust

Purchase Details

Closed on
Oct 25, 2005
Sold by
Melnick Thomas E
Bought by
Melnick Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,622
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 1999
Sold by
Skillicom Jack L and Skillicom Sandra L
Bought by
Melnick Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
7.1%
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

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
May Spencer Iii Ralph Donald $848,000 Chicago Title Co Salina
Jonas Barbara E $454,500 Chicago Title Company
Greenberg Richard $141,652 Stewart Title
Melnick Thomas E -- None Available
Melnick Thomas E -- Chicago Title
Melnick Thomas E -- First American Title
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 May Spencer Iii Ralph Donald $615,250
Previous Owner Jonas Barbara E $325,000
Previous Owner Melnick Thomas E $555,622
Previous Owner Melnick Thomas E $284,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2018 08/21/18 Sold $848,000 0.0% $732 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $848,000 -- $732 / Sq Ft
Source: MLSListings

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 $9,904 $945,955 $725,085 $220,870
2024 $9,904 $927,408 $710,868 $216,540
2023 $10,036 $909,225 $696,930 $212,295
2022 $9,833 $891,398 $683,265 $208,133
2021 $9,783 $873,920 $669,868 $204,052
2020 $9,586 $864,960 $663,000 $201,960
2019 $9,282 $848,000 $650,000 $198,000
2018 $6,774 $623,945 $397,057 $226,888
2017 $6,663 $611,712 $389,272 $222,440
2016 $6,678 $599,719 $381,640 $218,079
2015 $6,569 $590,712 $375,908 $214,804
2014 $6,431 $579,142 $368,545 $210,597
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81713280

MLSListings

APN: 006-488-008-000

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