NOT LISTED FOR SALE

542 Lighthouse Ave Unit 401 Pacific Grove, CA 93950

Estimated Value: $2,741,000 - $2,820,143

2 Beds
2.5 Baths
2,014 Sq Ft
$1,089/mo HOA Fee

Last Sold May 25, 2023

Last sale price $2,899,000 $1,439 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $18,498/month

31 Days on Market

Highlights

  • Fitness Center
  • Quartz Countertops
  • Balcony
  • Robert Down Elementary School Rated A
  • Elevator
  • 3-minute walk to Jewell Park

About This Home

As of May 2023

Towering above Pacific Grove's Lighthouse District and showcasing unrivaled views of Monterey Bay, this coveted, fourth-floor Holman Building unit is the first to hit the market since the initial round of sales. The extensive list of custom upgrades tells the story of the owners' meticulousness and pride in this home. The ingenious floor plan ensures that the breathtaking views are visible from almost every corner of the unit, including both bedrooms. The historic and iconic Holman Building, once the largest department store on the West Coast, now serves as the tallest residential property on the Monterey Peninsula. Coded entry, secure elevator access, gated underground parking, and more state-of-the-art features make life in this landmark a sleek and modern experience. The prime location in the always-entertaining heart of Pacific Grove, just two blocks from Lover's Point and the beach, make this one of the most desirable pieces of real estate on the Peninsula. Don't wait!

Last Agent to Sell the Property

Pete Ruiz

Keller Williams, Inc. License #70010112 Listed on: 03/27/2023

Keller Williams, Inc.

Last Buyer's Agent

Joe Gallagher

Sotheby’s International Realty License #01962982

Sotheby’s International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,203

Year Built

  • Built in 2019

HOA Fees

  • $1,089 Monthly HOA Fees

Home Design

  • Concrete Perimeter Foundation

Interior Spaces

  • 2,014 Sq Ft Home
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Laundry in unit

Kitchen

  • Gas Oven
  • Range Hood
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • Stone Countertops In Bathroom
  • Dual Sinks
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Parking

  • 1 Carport Space
  • Subterranean Parking
  • Secured Garage or Parking

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 006-179-032-000

Community Details

Overview

  • Association fees include exterior painting, garbage, insurance - earthquake, insurance - structure, maintenance - common area, reserves, roof, water
  • 25 Units
  • Holman Building Residential Association
  • Built by Holman Building

Recreation

  • Fitness Center

Additional Features

  • Elevator
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,203

Year Built

Built in 2019

Lot Details

0

HOA Fees

$1,089 per month

Listing Details

  • Subclass: Condominium
  • Age: 4
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 25
  • Structure Sq Ft: 2014
  • Complex Name: Holman Building
  • Year Built: 2019
  • Zoning Description: C-1-T
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning, Living Room
  • Dining Room: Dining Area, No Formal Dining Room
  • Kitchen: Countertop - Quartz, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2014
  • Security: Controlled / Secured Access, Secured Garage / Parking
  • Laundry: Inside
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Stall Shower - 2+, Stone, Tile, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Polyurethane
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Underground Parking
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 1089
  • HOA Amenities: Elevator, Gym / Exercise Facility
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Exterior Painting, Garbage, Insurance - Earthquake, Insurance - Structure, Maintenance - Common Area, Reserves, Roof, Water
  • H O A Name Text: Holman Building Residential Association
  • H O A Exist: Yes

Schools

  • School District: Pacific Grove Unified
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Middle School: 561

Lot Info

  • Parcel Number: 006-179-032-000

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Pacific Grove Unified
  • High School Text: Pacific Grove High
  • Middle School Text: Pacific Grove Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2021
Sold by
Rossi Joseph A and Rossi Cinda A
Bought by
Rossi Joseph A and Rossi Cinda A
Current Estimated Value
$2,841,599

Purchase Details

Listed on
Mar 1, 2019
Closed on
Dec 3, 2020
Sold by
Monterey Capital Pg Founder Llc
Bought by
Rossi Joseph A and Rossi Cinda A
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$2,049,000
Sold Price
$2,200,000
Premium/Discount to List
$151,000
7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%
Original Mortgage
$650,000
Outstanding Balance
$580,025
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$2,207,689
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
Rossi Joseph A -- None Available
Rossi Joseph A $2,200,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossi Joseph A $650,000
Previous Owner Monterey Capital Pg Founder Llc $4,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold $2,899,000 0.0% $1,439 / Sq Ft
04/28/2023 04/28/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $2,899,000 +31.8% $1,439 / Sq Ft
12/17/2020 12/17/20 Sold $2,200,000 -1.3% $1,092 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
07/22/2020 07/22/20 Price Changed $2,229,000 +1.5% $1,107 / Sq Ft
06/29/2019 06/29/19 Price Changed $2,195,000 +7.1% $1,090 / Sq Ft
05/09/2019 05/09/19 For Sale $2,049,000 0.0% $1,017 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $2,049,000 -- $1,017 / 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 $22,203 $2,133,036 $959,866 $1,173,170
2024 $22,203 $2,091,213 $941,046 $1,150,167
2023 $24,988 $2,050,210 $922,595 $1,127,615
2022 $24,478 $2,244,000 $1,224,000 $1,020,000
2021 $24,352 $2,200,000 $1,200,000 $1,000,000
2020 $5,256 $152,434 $111,042 $41,392
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Pete Ruiz

    Keller Williams, Inc.

    Section Image
  • Joe Gallagher

    Buyer's Agent in 2023

    Joe Gallagher

    Sotheby’s International Realty

    (831) 917-1631

    11 in this area

    41 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81922775

MLSListings

APN: 006-179-032-000

California Monterey County Pacific Grove 93950

542 Lighthouse Ave Unit 401, Pacific Grove, CA

This home is located at 542 Lighthouse Ave Unit 401, Pacific Grove, CA 93950 since 27 March 2023 and is currently estimated at $2,787,714, approximately $1,384 per square foot. This property was built in 2019. 542 Lighthouse Ave Unit 401 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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