NOT LISTED FOR SALE

Estimated Value: $934,182 - $1,059,000

2 Beds
1 Bath
619 Sq Ft
$1,625/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $670,000 $1,082 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,936/month

11 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Dining Room
  • Monterey High School Rated A
  • Storage Room
  • 3-minute walk to Monterey Scholze Park Center

About This Home

As of August 2018

WOW! Charming 2 bedroom cottage in Monterey with water views and a short stroll to Cannery Row, Pacific Grove and the bike trail. Lovely gardens surround this cottage and fully fenced yard for your privacy. Originally built in 1914 and remodeled in 2009 with custom finishes. This is a must see charmer!.

Last Agent to Sell the Property

Debby Beck

David Lyng Real Estate License #01747647 Listed on: 07/06/2018

David Lyng Real Estate

Last Buyer's Agent

Stacey Schrader

Monterey Coast Realty License #01929589

Monterey Coast Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,066

Year Built

  • Built in 1964

Lot Details

  • 2,448 Sq Ft Lot
  • Zoning described as R1

Parking

  • On-Street Parking

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 619 Sq Ft Home
  • 1-Story Property
  • Free Standing Fireplace
  • Dining Room
  • Storage Room
  • Washer and Dryer
  • Wood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 001-058-016-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,066

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 619
  • Year Built: 1964
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Free Standing
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 619
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Storage
  • Fireplaces Min: 1
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Water

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Sewer/Septic System: Sewer Connected

Lot Info

  • Parcel Number: 001-058-016-000
  • Lot Acres: 0.0562
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2450.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2450.00

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
Jul 6, 2018
Closed on
Aug 18, 2018
Sold by
Hagberg Judith L
Bought by
Reinschmidt Michael and Reinschmidt Heather
Seller's Agent
Debby Beck
David Lyng Real Estate
Buyer's Agent
Stacey Schrader
Monterey Coast Realty
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Current Estimated Value
$1,005,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,796
Avg. Annual Appreciation
5.82%
Original Mortgage
$536,000
Outstanding Balance
$465,494
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$540,302

Purchase Details

Closed on
Aug 2, 2011
Sold by
Whitaker Donald A and Whitaker Rosanne M
Bought by
Hagberg Judith L

Purchase Details

Closed on
Apr 29, 2008
Sold by
Silva Susana and Susana D Silva Revocable Trust
Bought by
Whitaker Donald A and Whitaker Rosanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
7.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2007
Sold by
Morales Jesus Alvaro and Morales Rosario
Bought by
Silva Susana and Susana D Silva Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
6.61%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 22, 2005
Sold by
Morales Clementina
Bought by
Morales Jesus Alvaro and Morales Rosario
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
Reinschmidt Michael $670,000 Chicago Title Co
Hagberg Judith L $360,000 Old Republic Title Company
Whitaker Donald A -- Chicago Title Company
Silva Susana $425,000 Chicago Title Co
Morales Jesus Alvaro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reinschmidt Michael $536,000
Previous Owner Whitaker Donald A $504,000
Previous Owner Silva Susana $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $670,000 -4.1% $1,082 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $699,000 -- $1,129 / 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 $8,066 $747,393 $501,981 $245,412
2024 $8,066 $732,739 $492,139 $240,600
2023 $7,855 $718,373 $482,490 $235,883
2022 $7,747 $704,288 $473,030 $231,258
2021 $7,634 $690,479 $463,755 $226,724
2020 $7,345 $683,400 $459,000 $224,400
2019 $7,709 $670,000 $450,000 $220,000
2018 $4,435 $397,403 $220,780 $176,623
2017 $4,108 $389,611 $216,451 $173,160
2016 $4,033 $381,972 $212,207 $169,765
2015 $3,975 $376,235 $209,020 $167,215
2014 $3,906 $368,866 $204,926 $163,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81713377

MLSListings

APN: 001-058-016-000