NOT LISTED FOR SALE

536 Pearl St Monterey, CA 93940

East Monterey Neighborhood

Estimated Value: $824,792 - $900,000

2 Beds
1 Bath
1,040 Sq Ft
$829/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $715,000 $688 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $5,117/month

35 Days on Market

Highlights

  • Neighborhood Views
  • Partially Fenced Property
  • 1-Story Property
  • Monterey High School Rated A
  • Carpet
  • 1-minute walk to Jack's Park

About This Home

As of November 2021

Situated in the downtown area known as the Pearl District, this 1930's bungalow is just a few blocks from Lake El Estero, Fisherman's Wharf, and the beach! It appears that it was originally a 2BR/1 BA 1040 sf single family residence and at some point was converted into a commercial space. It has been leased out in recent year as offices. The zoning is PC-D signifying light commercial or residential use. The property has many upside possibilities to improve its value in this popular area. Currently there is no kitchen, only a counter with a bar sink and a half bath (toilet and bathroom sink). There is a driveway at the left of the house which accesses open parking in the back. There are 4-parking spots marked off, however, the end spots may not be large enough for all cars. Buyers who wish to convert this property back to a residential home should consult with the Building Department for details. Seller is selling the home in "As Is" condition.

Last Agent to Sell the Property

Ed Bass

Monterey Coast Realty License #01214469 Listed on: 09/10/2021

Co-Listed By

Susan Clark

Carmel Realty Company License #00929953

Last Buyer's Agent

Austin Lin

RealEstatePro License #02133244

Home Details

Home Type

  • Single Family

Year Built

  • 1930

Lot Details

  • 3,568 Sq Ft Lot
  • Partially Fenced Property
  • Wood Fence

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,040 Sq Ft Home
  • 1-Story Property
  • Carpet
  • Neighborhood Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • No Garage
  • Off-Street Parking

Home Details

Home Type

Single Family

Year Built

1930

Lot Details

3,568 Sq Ft Lot

Listing Details

  • Zoning: PC-D
  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 1040
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1930

Interior Features

  • Family Room: No Family Room
  • Living Sq Ft: 1040
  • Stories: 1
  • Flooring: Carpet
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Neighborhood
  • Fencing: Partial Fencing, Wood

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage, Off-Street Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0819
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3567.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3567.00

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 21, 2021
Sold by
Hung Chan Bing and Kwan Cheung Wong
Bought by
Chang Pei Ju
Seller's Agent
Ed Bass
Monterey Coast Realty
Buyer's Agent
Austin Lin
RealEstatePro
List Price
$715,000
Sold Price
$715,000
Current Estimated Value
$862,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,396
Avg. Annual Appreciation
4.44%
Original Mortgage
$500,000
Outstanding Balance
$457,200
Interest Rate
2.99%
Mortgage Type
Stand Alone Second
Estimated Equity
$405,196
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chang Pei Ju $715,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Pei Ju $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2021 11/18/21 Sold $715,000 0.0% $688 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $715,000 0.0% $688 / Sq Ft
10/06/2021 10/06/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $715,000 -- $688 / 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 $8,146 $758,763 $424,483 $334,280
2024 $8,146 $743,886 $416,160 $327,726
2023 $7,973 $729,300 $408,000 $321,300
2022 $7,863 $715,000 $400,000 $315,000
2021 $3,805 $339,921 $220,953 $118,968
2020 $3,662 $336,437 $218,688 $117,749
2019 $3,839 $329,841 $214,400 $115,441
2018 $3,688 $323,375 $210,197 $113,178
2017 $3,419 $317,035 $206,076 $110,959
2016 $3,358 $310,820 $202,036 $108,784
2015 $3,310 $306,152 $199,002 $107,150
2014 $3,254 $300,156 $195,104 $105,052
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2021

    Ed Bass

    Monterey Coast Realty

    (925) 989-9368

    1 in this area

    21 Total Sales

    Ed Bass
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Susan Clark

    Carmel Realty Company

    (831) 320-6801

    1 in this area

    17 Total Sales

    Susan Clark
    Section Image

  • A

    Buyer's Agent in 2021

    Austin Lin

    RealEstatePro

    Section Image
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Map

Source: MLSListings

MLS Number: ML81862185

MLSListings

APN: 001-722-002-000

California Monterey County Monterey 93940 East Monterey

536 Pearl St, Monterey, CA

Not Listed for Sale

Detached

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