NOT LISTED FOR SALE
7 Beds
3 Baths
2,504 Sq Ft
3,920 Sq Ft Lot

Last Sold December 26, 2013

Last sale price $780,000 $312 Per Sq Ft

36 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Forced Air Heating System
  • Monterey High School Rated A
  • Community Barbecue Grill
  • 2-minute walk to Jack's Park

About This Home

As of December 2013

Nice tri-plex in Monterey with peek of ocean. House in front with a detached 2-story duplex in the back. Two units have been remodeled. Hardwood floors, mostly new double-pane windows. All units have washer/dryer. Outside BBQ area. Fairly new roofs. Some units have fireplaces. Central forced air for all units. Owners live in front house, rent would be around $1,500 a month.

Last Agent to Sell the Property

Lawrence Samuels

CENTURY 21 Masters License #01133082 Listed on: 09/23/2013

CENTURY 21 Masters

Last Buyer's Agent

Pam Rodgers

Intero Real Estate Services License #01748566

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1956

Lot Details

  • Level Lot

Home Design

  • Triplex
  • Tar and Gravel Roof

Interior Spaces

  • 2,504 Sq Ft Home
  • 2-Story Property
  • Bay Views
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $65,100
  • The owner pays for cable TV, electric, garbage, gas, heating, hot water, water

Community Details

Overview

  • 3 Units
  • 2,504 Sq Ft Building

Amenities

  • Community Barbecue Grill

Building Details

  • Insurance Expense $607
  • Utility Expense $1,680
  • Trash Expense $696
  • Operating Expense $11,977
  • Gross Income $65,100

Property Details

Home Type

Multi-Family

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: C-2
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 311.50
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2504
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2504
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - Some Units, Laundry Area - In All Units
  • Flooring: Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Tar And Gravel
  • View: Bay

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Bbq Area

Schools

  • High School: 545

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4030.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4030.00
  • Lot Size Area Min Search: 4030.00
  • Maximum Lot Size: 4030.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.44

Multi Family

  • Expense Insurance: 607
  • Expenses Total: 11977
  • Expenses Utility: 1680
  • Expense Trash: 696
  • Expense Water Sewer: 1596
  • Income Annual Gross: 65100.00
  • Income Annual Rental: 65100
  • Income Gross Scheduled: 65100
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Cable Tv, Utilities - Electric, Services - Trash Removal, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water, Insurance, Fee - Property Tax, Services - Sewer
  • Owner Pays: Cable Tv, Electric, Garbage, Gas, Heating, Hot Water, Water
  • Tenant Expenses: Utilities - Gas

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2013 12/26/13 Sold $780,000 -3.7% $312 / Sq Ft
10/29/2013 10/29/13 Pending -- -- --
09/23/2013 09/23/13 For Sale $810,000 -- $323 / 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 $10,513 $956,163 $367,754 $588,409
2024 $10,513 $937,416 $360,544 $576,872
2023 $10,172 $919,036 $353,475 $565,561
2022 $10,034 $901,017 $346,545 $554,472
2021 $9,890 $883,350 $339,750 $543,600
2020 $9,520 $874,294 $336,267 $538,027
2019 $9,983 $857,152 $329,674 $527,478
2018 $9,589 $840,346 $323,210 $517,136
2017 $8,889 $823,870 $316,873 $506,997
2016 $8,733 $807,716 $310,660 $497,056
2015 $8,610 $795,584 $305,994 $489,590
2014 $8,440 $780,000 $300,000 $480,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81335250

MLSListings