NOT LISTED FOR SALE

542 Lighthouse Ave Unit 308 Pacific Grove, CA 93950

Estimated Value: $2,620,000 - $2,887,000

2 Beds
2.5 Baths
2,037 Sq Ft
$635/mo HOA Fee

Last Sold January 28, 2021

Last sale price $2,049,000 $1,006 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $17,116/month

32 Days on Market

Highlights

  • Ocean View
  • 0.78 Acre Lot
  • Subterranean Parking
  • Robert Down Elementary School Rated A
  • Den
  • 3-minute walk to Jewell Park

About This Home

As of January 2021

Modern luxury residences set within a world-class destination. The Holman, a historic 1918 downtown Pacific Grove staple for more than 90 years, has been re-imagined into a boutique address of 25 residences including four spectacular penthouses with expansive outdoor living spaces. Thoughtfully restored to its original grandeur by a team of visionary tastemakers, the lofty residences have a timeless appeal and enduring quality. Many homes offer panoramic ocean views as breathtaking as the location. Every home is a luxurious new interpretation of Pacific Grove living. Resplendent with loft-like grandeur, the residences include oversized windows that usher in brilliant light, postcard views of the bay and downtown, hand-selected finishes and sprawling layouts, all exuding an easy elegance that defines modern, luxurious living. Be part of the legacy!

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 03/01/2019

KW Coastal Estates

Last Buyer's Agent

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 03/01/2019

KW Coastal Estates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,162

Year Built

  • 1918

Lot Details

  • 0.78

HOA Fees

  • $635 Monthly HOA Fees

Parking

  • Subterranean Parking

Home Design

  • Home Under Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,037 Sq Ft Home
  • Gas Fireplace
  • Dining Area
  • Den
  • Ocean Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Community Details

  • Association fees include common area electricity, common area gas, maintenance - common area, recreation facility
  • Holman Bldg Condos Community Assoc Association

Property Details

Home Type

Condominium

Est. Annual Taxes

$23,162

Year Built

1918

Lot Details

0

HOA Fees

$635 per month

Parking

1

Listing Details

  • Zoning: MIXED USE
  • Subclass: Condominium
  • Age: 101
  • Listing Class: Residential
  • Maximum Unit Floor Number: 4
  • Max Numberof Unitsin Building: 25
  • Structure Sq Ft: 2037
  • Construction: Under Construction
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1918

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Dining Area
  • Fireplace: Yes
  • Living Sq Ft: 2037
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Underground Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 635
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Maintenance - Common Area, Recreation Facility
  • HOA Exist: Yes
  • H O A Name Text: Holman Bldg Condos Community Assoc

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.7800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 33977.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 33977.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 6
  • Minimum Building Height: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2020
Sold by
Monterey Capital Pg Founder Llc
Bought by
Rice Jonathan and Lee Victoria
Current Estimated Value
$2,731,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2.67%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Rice Jonathan $2,049,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rice Jonathan $1,000,000
Previous Owner Monterey Capital Pg Founder Llc $4,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2021 01/28/21 Sold $2,049,000 0.0% $1,006 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $2,049,000 -- $1,006 / 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 $23,162 $2,217,900 $1,298,917 $918,983
2024 $23,162 $2,174,413 $1,273,449 $900,964
2023 $23,347 $2,131,779 $1,248,480 $883,299
2022 $22,871 $2,089,980 $1,224,000 $865,980
2021 $5,385 $2,049,000 $1,200,000 $849,000
2020 $5,276 $477,640 $308,252 $169,388
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pete Ruiz

    KW Coastal Estates

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Map

Source: MLSListings

MLS Number: ML81737313

MLSListings

APN: 006-179-031-000

California Monterey County Pacific Grove 93950

542 Lighthouse Ave Unit 308, Pacific Grove, CA

This home is located at 542 Lighthouse Ave Unit 308, Pacific Grove, CA 93950 since 01 March 2019 and is currently estimated at $2,731,116, approximately $1,340 per square foot. This property was built in 1918. 542 Lighthouse Ave Unit 308 is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

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