NOT LISTED FOR SALE

550 Palm Ave Seaside, CA 93955

Estimated Value: $559,000 - $687,000

2 Beds
1 Bath
752 Sq Ft
$823/Sq Ft Est. Value

Last Sold September 13, 2019

Last sale price $380,000 $505 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,677/month

15 Days on Market

Highlights

  • Bathroom on Main Level
  • Laundry in Utility Room
  • North Facing Home
  • Monterey High School Rated A
  • Dining Room
  • Level Lot

About This Home

As of September 2019

Opportunity Knocks! Fixer home in nice neighborhood one block off Broadway. Property lies within the West Broadway Urban Village redevelopment area. This area is zoned medium density residential. Possible conversion to multiple units- buyer to verify permissible usage with the city of Seaside. Square footage based upon permitted addition of 100 sq ft laundry room. Buyer to verify all measurements. Great potential. Wont last long.

Last Agent to Sell the Property

Barker Hightower

Beth Hightower Real Estate License #01701134 Listed on: 07/29/2019

Last Buyer's Agent

Barker Hightower

Beth Hightower Real Estate License #01701134 Listed on: 07/29/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

  • 3,920 Sq Ft Lot
  • North Facing Home
  • Level Lot
  • Zoning described as RM

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 752 Sq Ft Home
  • 1-Story Property
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Laundry

  • Laundry in Utility Room
  • Gas Dryer Hookup

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 011-304-013

Home Details

Home Type

Single Family

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 752
  • Year Built: 1948
  • Zoning Description: RM
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Dining Room: No Formal Dining Room
  • Living Sq Ft: 752
  • Stories: 1
  • Bedrooms: Ground Floor Bedroom
  • Laundry: Gas Hookup, In Utility Room
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Full on Ground Floor

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Property Faces: North
  • Construction Type: Wood

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 548

Lot Info

  • Lot Description: Grade - Level
  • Parcel Number: 011-304-013
  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.00

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified
  • High School Text: Seaside High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2020
Sold by
I Deal Homes Real Estate Holdings Llc
Bought by
Ghazi Navid
Current Estimated Value
$618,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$372,585
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$246,000

Purchase Details

Listed on
Jul 29, 2019
Closed on
Aug 29, 2019
Sold by
Estate Of Chong Sun Kim
Bought by
I Deal Homes Real Estate Holdings Llc
Seller's Agent
Barker Hightower
Beth Hightower Real Estate
Buyer's Agent
Barker Hightower
Beth Hightower Real Estate
List Price
$425,000
Sold Price
$380,000
Premium/Discount to List
-$45,000
-10.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$360,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 15, 2012
Sold by
Kim Sue N and Poppino Sue N
Bought by
Kim Chong Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,700
Interest Rate
3.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 1994
Sold by
Kim Chong Sun
Bought by
Kim Chong Sun and Kim Sue N
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
Ghazi Navid $467,500 Old Republic Title Company
I Deal Homes Real Estate Holdings Llc $380,000 Old Republic Title Company
Kim Chong Sun -- Servicelink
Kim Chong Sun -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghazi Navid $420,000
Previous Owner I Deal Homes Real Estate Holdings Llc $360,000
Previous Owner Kim Chong Sun $187,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2019 09/13/19 Sold $380,000 -10.6% $505 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $425,000 -- $565 / 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 $5,339 $511,275 $355,433 $155,842
2024 $5,339 $501,251 $348,464 $152,787
2023 $5,322 $491,424 $341,632 $149,792
2022 $5,247 $481,789 $334,934 $146,855
2021 $5,170 $472,343 $328,367 $143,976
2020 $4,119 $380,000 $325,000 $55,000
2019 $634 $48,491 $13,488 $35,003
2018 $613 $47,541 $13,224 $34,317
2017 $573 $46,610 $12,965 $33,645
2016 $563 $45,697 $12,711 $32,986
2015 $556 $45,012 $12,521 $32,491
2014 $548 $44,131 $12,276 $31,855
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Barker Hightower

    Beth Hightower Real Estate

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Map

Source: MLSListings

MLS Number: ML81762387

MLSListings

APN: 011-304-013-000

California Monterey County Seaside 93955

550 Palm Ave, Seaside, CA

Not Listed for Sale

Detached

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