NOT LISTED FOR SALE

518 Cortes St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $728,000 - $829,000

2 Beds
1 Bath
628 Sq Ft
$1,257/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $644,000 $1,025 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,877/month

9 Days on Market

Highlights

  • Neighborhood Views
  • Eat-In Kitchen
  • Bungalow
  • Monterey High School Rated A
  • Bathtub with Shower
  • 2-minute walk to Jack's Park

About This Home

As of July 2021

This adorable home is situated in Montereys Old Town Historic District, just a few short blocks from the City Center. The property is dually zoned as both residential and commercial offering multi-use potential. The picturesque location offers exceptional access to downtowns best restaurants, shops, and the Monterey Bay Recreation Trail. The house features 2 bedrooms, 1 bathroom, a cozy living room, home office or second bedroom, dining room, and kitchen with ample cupboard space. The master bedroom boasts a walk-in closet and glass doors leading to a private, fully fenced back patio. This darling dwelling is sure to charm you!

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 06/25/2021

KW Coastal Estates

Last Buyer's Agent

Michele Whitehead - Samples

eXp Realty of California Inc License #01886754

eXp Realty of California Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,320

Year Built

  • 1930

Lot Details

  • 1,398 Sq Ft Lot
  • Wood Fence
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 628 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Gas Oven
  • Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Utilities

  • Baseboard Heating

Community Details

  • Courtyard

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,320

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: C-2
  • Subclass: Single Family Home
  • Style: Bungalow
  • Age: 91
  • Listing Class: Residential
  • Structure Sq Ft: 628
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Family Room: No Family Room
  • Dining Room: Eat In Kitchen
  • Kitchen: Countertop - Other, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 628
  • Stories: 1
  • Laundry: Electricity Hookup (220V), Gas Hookup, Inside
  • Flooring: Carpet, Vinyl / Linoleum
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Shower Over Tub - 1

Exterior Features

  • Foundation: Raised
  • Roof: Composition
  • View: Neighborhood
  • Yard/Grounds: Back Yard, Courtyard, Drought Tolerant Plants, Low Maintenance
  • Fencing: Mixed Height / Type, Wood

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Baseboard, Electric
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.0321
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1400.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 29, 2021
Sold by
Orr Mary Virginia
Bought by
Orr Jeffrey Norman
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Michele Whitehead - Samples
eXp Realty of California Inc
List Price
$624,000
Sold Price
$644,000
Premium/Discount to List
$20,000
3.21%
Current Estimated Value
$789,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,317
Avg. Annual Appreciation
7.03%
Original Mortgage
$632,335
Outstanding Balance
$576,481
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$275,467

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 14, 2021
Sold by
Parungao Ferla Magdalene and Ferla Xavier
Bought by
Orr Jeffrey Norman
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Michele Whitehead - Samples
eXp Realty of California Inc
List Price
$624,000
Sold Price
$644,000
Premium/Discount to List
$20,000
3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,335
Outstanding Balance
$576,481
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$275,467

Purchase Details

Closed on
Apr 26, 2021
Sold by
Parungao Ferla Magdalene and Ferla Xavier
Bought by
Parungao Ferla Magdalene and Ferla Xavier

Purchase Details

Listed on
May 1, 2012
Closed on
Mar 25, 2013
Sold by
Parungao Ferla Magdalene and Ferla Xavier R
Bought by
Ferla Xavier R and Parungao Ferla Magdalene
Seller's Agent
Toni Fleming
David Lyng Real Estate
Buyer's Agent
Steve Wilson
Coldwell Banker Realty
List Price
$399,000
Sold Price
$300,000
Premium/Discount to List
-$99,000
-24.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$225,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2012
Closed on
Mar 18, 2013
Sold by
Morais Barbara J and Kaplan Carol
Bought by
Ferla Magdalene Parungao and Ferla Xavier
Seller's Agent
Toni Fleming
David Lyng Real Estate
Buyer's Agent
Steve Wilson
Coldwell Banker Realty
List Price
$399,000
Sold Price
$300,000
Premium/Discount to List
-$99,000
-24.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2004
Sold by
Evered Roger
Bought by
Morais Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2004
Sold by
Freidson Allan and Clark Susan
Bought by
Morais Barbara J and Kaplan Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2000
Sold by
Freidson Allan
Bought by
Freidson Allan and Clark Susan

Purchase Details

Closed on
Apr 10, 2000
Sold by
Clark Susan
Bought by
Freidson Allan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.35%

Purchase Details

Closed on
May 22, 1998
Sold by
Phillips Erin Sumida and Sumida Elizabeth
Bought by
Sumida Phillips Simon and Sumida Phillips Erin

Purchase Details

Closed on
Sep 17, 1997
Sold by
Sumida Ray
Bought by
Sumida Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
7.25%
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
Orr Jeffrey Norman -- Chicago Title Company
Orr Jeffrey Norman $644,000 Chicago Title Company
Parungao Ferla Magdalene -- None Available
Ferla Xavier R -- Chicago Title Company
Ferla Magdalene Parungao $300,000 Chicago Title Company
Morais Barbara J -- First American Title
Morais Barbara J $425,000 First American Title
Freidson Allan -- --
Freidson Allan -- First American Title
Freidson Allan $260,000 First American Title
Sumida Phillips Simon -- --
Sumida Elizabeth -- Old Republic Title
Phillips Erin Sumida -- Old Republic Title
Phillips Erin Sumida $139,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orr Jeffrey Norman $632,335
Previous Owner Ferla Magdalene Parungao $225,000
Previous Owner Morais Barbara J $316,000
Previous Owner Freidson Allan $208,000
Previous Owner Phillips Simon C $207,000
Previous Owner Phillips Erin Sumida $111,200
Closed Freidson Allan $13,475
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $644,000 +3.2% $1,025 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $624,000 +108.0% $994 / Sq Ft
03/29/2013 03/29/13 Sold $300,000 -20.8% $480 / Sq Ft
01/20/2013 01/20/13 Pending -- -- --
06/30/2012 06/30/12 Price Changed $379,000 -5.0% $606 / Sq Ft
05/01/2012 05/01/12 For Sale $399,000 -- $638 / 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 $7,320 $683,416 $466,931 $216,485
2024 $7,320 $670,017 $457,776 $212,241
2023 $7,115 $656,880 $448,800 $208,080
2022 $7,015 $644,000 $440,000 $204,000
2021 $3,819 $644,000 $440,000 $204,000
2020 $3,676 $337,788 $168,894 $168,894
2019 $3,854 $331,166 $165,583 $165,583
2018 $3,703 $324,674 $162,337 $162,337
2017 $3,432 $318,308 $159,154 $159,154
2016 $3,371 $312,068 $156,034 $156,034
2015 $3,323 $307,382 $153,691 $153,691
2014 $3,267 $301,362 $150,681 $150,681
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pete Ruiz

    KW Coastal Estates

    Section Image
  • Michele Whitehead - Samples

    Buyer's Agent in 2021

    Michele Whitehead - Samples

    eXp Realty of California Inc

    (831) 234-6715

    1 in this area

    98 Total Sales

    Michele Whitehead - Samples
    Section Image

  • T

    Seller's Agent in 2013

    Toni Fleming

    David Lyng Real Estate (Carmel offices)

    Section Image

  • S

    Buyer's Agent in 2013

    Steve Wilson

    Coldwell Banker Realty

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81850775

MLSListings

APN: 001-722-007-000

California Monterey County Monterey 93940 East Monterey

518 Cortes St, Monterey, CA

This home is located at 518 Cortes St, Monterey, CA 93940 since 25 June 2021 and is currently estimated at $789,317, approximately $1,256 per square foot. This property was built in 1930. 518 Cortes St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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