M
Seller's Agent in 2022
Matthew Velasquez
Coldwell Banker Realty
541 Foam St Monterey, CA 93940
New Monterey NeighborhoodEstimated Value: $1,789,622 - $1,868,000
2
Beds
2.5
Baths
1,865
Sq Ft
$981/Sq Ft
Est. Value
Highlights
- Bay View
- Contemporary Architecture
- Main Floor Primary Bedroom
- Monterey High School Rated A
- Radiant Floor
- 4-minute walk to Monterey Scholze Park Center
About This Home
As of January 2022Designed by local renowned architect, George Ash, the 1865 +/- square foot residence at 541 Foam Street is truly a unique gem. Located in the heart of historic Cannery Row, this 2 bedroom 2.5 bath home is within short walking distance of the Monterey Bay Aquarium and many other world famous attractions, restaurants, and hotels. Entertain your guests in the radiant heated living, kitchen and dining areas as well as the cozy private exterior spaces 541 Foam Street has to offer. Later, ride the elevator to the second floor to view the lights around Monterey Bay. Two water meters and electrical meters provide the possibility of converting the rear portion back into a separate unit for residential or commercial rental income. Ash created an exciting urban loft lifestyle with intimate pockets of outdoor space in the middle of Monterey's urban environment. A property composed with care and creativity, in a location perfect for living and experiencing the wonderful Monterey Bay Area.
Last Agent to Sell the Property
Matthew Velasquez
Coldwell Banker Realty License #01968946 Listed on: 11/09/2021
Last Buyer's Agent
Pete Ruiz
KW Coastal Estates License #70010112
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $17,727
Year Built
- 1995
Lot Details
- 2,252 Sq Ft Lot
- Fenced
- Sprinklers on Timer
- Drought Tolerant Landscaping
- Grass Covered Lot
Parking
- On-Street Parking
Property Views
- Bay
- City Lights
- Mountain
Home Design
- Contemporary Architecture
- Ceiling Insulation
- Shingle Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 1,865 Sq Ft Home
- 2-Story Property
- High Ceiling
- Skylights
- Double Pane Windows
- Dining Room
- Den
- Security Gate
- Washer and Dryer
Kitchen
- Open to Family Room
- Eat-In Kitchen
- Gas Cooktop
- Microwave
- Ice Maker
- Dishwasher
- ENERGY STAR Qualified Appliances
- Concrete Kitchen Countertops
- Disposal
Flooring
- Wood
- Carpet
- Radiant Floor
- Stone
- Travertine
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- Bathroom on Main Level
- Marble Bathroom Countertops
- Stone Countertops In Bathroom
- Dual Sinks
Eco-Friendly Details
- Energy-Efficient Insulation
Utilities
- Vented Exhaust Fan
- Heating System Uses Gas
- Radiant Heating System
- Thermostat
- Separate Meters
- Tankless Water Heater
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 9, 2021
Closed on
Feb 26, 2022
Sold by
Al-Ameri Hazim and Lu Yee
Bought by
541Foam Llc
Seller's Agent
Matthew Velasquez
Coldwell Banker Realty
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$1,975,000
Sold Price
$1,565,000
Premium/Discount to List
-$410,000
-20.76%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,811
Avg. Annual Appreciation
4.22%
Original Mortgage
$1,252,000
Outstanding Balance
$1,160,162
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$653,948
Purchase Details
Listed on
Nov 9, 2021
Closed on
Jan 25, 2022
Sold by
Ash Family Trust and Ash George
Bought by
Al-Ameri Hazim and Lu Yee
Seller's Agent
Matthew Velasquez
Coldwell Banker Realty
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$1,975,000
Sold Price
$1,565,000
Premium/Discount to List
-$410,000
-20.76%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,252,000
Outstanding Balance
$1,160,162
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$653,948
Purchase Details
Closed on
Jul 26, 2020
Sold by
Ash George and Ash Sherrill
Bought by
Ash George and Ash Sherrill
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,755,000
Interest Rate
3%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Purchase Details
Closed on
Apr 27, 2018
Sold by
Ash George and Ash Sherrill
Bought by
Ash George and Ash Sherrill
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.45%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 8, 2017
Sold by
Ash George A and Ash Sherrill L
Bought by
Ash George and Ash Sherrill
Purchase Details
Closed on
Aug 8, 1995
Sold by
Valuch William T and Knight David W
Bought by
Ash George A and Ash Sherrill L
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
7.71%
Mortgage Type
Construction
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 541Foam Llc | -- | None Listed On Document | |
| Al-Ameri Hazim | $1,565,000 | Chicago Title | |
| Ash George | -- | Fidelity National Title Co | |
| Ash George | -- | Chicago Title Co | |
| Ash George | -- | Chicago Title Co | |
| Ash George | -- | None Available | |
| Ash George A | $150,000 | Old Republic Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Al-Ameri Hazim | $1,252,000 | |
| Previous Owner | Ash George | $1,755,000 | |
| Previous Owner | Ash George | $150,000 | |
| Previous Owner | Ash George A | $203,000 | |
| Previous Owner | Ash George A | $243,300 | |
| Previous Owner | Ash Sherrill L | $250,000 | |
| Previous Owner | Ash George A | $225,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2022 01/31/22 | Sold | $1,565,000 | -9.3% | $839 / Sq Ft |
| 12/29/2021 12/29/21 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | Price Changed | $1,725,000 | -12.7% | $925 / Sq Ft |
| 11/09/2021 11/09/21 | For Sale | $1,975,000 | -- | $1,059 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $17,727 | $1,660,790 | $1,061,208 | $599,582 |
| 2024 | $17,727 | $1,628,226 | $1,040,400 | $587,826 |
| 2023 | $17,420 | $1,596,300 | $1,020,000 | $576,300 |
| 2022 | $4,662 | $1,565,000 | $1,000,000 | $565,000 |
| 2021 | $4,610 | $399,854 | $230,198 | $169,656 |
| 2020 | $4,443 | $397,025 | $227,838 | $169,187 |
| 2019 | $4,653 | $389,206 | $223,371 | $165,835 |
| 2018 | $4,476 | $381,600 | $218,992 | $162,608 |
| 2017 | $4,159 | $374,253 | $214,699 | $159,554 |
| 2016 | $4,094 | $367,562 | $210,490 | $157,072 |
| 2015 | $4,042 | $362,496 | $207,329 | $155,167 |
| 2014 | $3,973 | $355,247 | $203,268 | $151,979 |
Source: Public Records
Agents Affiliated with this Home
-
-
Joe Rombi
Seller Co-Listing Agent in 2022
Joe Rombi
Coldwell Banker Realty
(408) 342-3000
1 in this area
11 Total Sales
-
P
Buyer's Agent in 2022
Pete Ruiz
KW Coastal Estates
Map
Source: MLSListings
MLS Number: ML81869616
APN: 001-062-014-000
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