NOT LISTED FOR SALE

562 Park Place Pacific Grove, CA 93950

Estimated Value: $1,470,000 - $1,927,000

2 Beds
2 Baths
1,300 Sq Ft
$1,273/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $1,112,500 $856 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $9,689/month

7 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • Granite Countertops
  • Robert Down Elementary School Rated A
  • High Ceiling
  • 2-minute walk to Jewell Park

About This Home

As of December 2017

Location, location, location! Located across from Jewell Park, one block to the bay, library and museum and two blocks to town, restaurants, and shopping. Versatile property, can remain a duplex or be converted to a single family residence. There are two one bed one bath units with peeks of the bay, wood flooring, solid surface countertops and a 2 car garage with extra storage. There is a fenced backyard for relaxing, gardening or barbecue's.

Last Agent to Sell the Property

Joy Welch

Coldwell Banker Realty License #00902236 Listed on: 10/30/2017

Coldwell Banker Realty

Last Buyer's Agent

Michael Kirch

Del Monte Realty, Inc. License #01227726

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 3,454 Sq Ft Lot
  • Back Yard

Parking

  • 2 Car Attached Garage

Property Views

  • Bay
  • Park or Greenbelt

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Skylights in Kitchen
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Stove
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Slate Flooring

Utilities

  • Floor Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $40,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,300
  • Utility Expense $1,836
  • Trash Expense $512
  • Operating Expense $9,793
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

3,454 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1300
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Countertop - Granite, Oven Range - Gas, Refrigerator, Skylight
  • Living Sq Ft: 1300
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Slate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay, Park
  • Yard/Grounds: Back Yard

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Floor Furnace, Gas, Stove Heater
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Skylight

Lot Info

  • Lot Acres: 0.0793
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3456.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3456.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.19
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1300
  • Expenses Total: 9793
  • Expenses Utility: 1836
  • Expense Trash: 512
  • Income Annual Gross: 40800.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2019
Sold by
Kohlmannslehner Sharon
Bought by
Kohlmannslehner Sharon
Current Estimated Value
$1,654,509

Purchase Details

Closed on
Jan 29, 2019
Sold by
Kohlmannslehner Sharon
Bought by
Kohlmannslehner Sharon

Purchase Details

Listed on
Oct 30, 2017
Closed on
Nov 16, 2017
Sold by
Partridge Scott G
Bought by
Kohlmannsleher Sharon
Seller's Agent
Joy Welch
Coldwell Banker Realty
Buyer's Agent
Michael Kirch
Del Monte Realty, Inc.
List Price
$1,150,000
Sold Price
$1,112,500
Premium/Discount to List
-$37,500
-3.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Apr 10, 2013
Sold by
Christenberry Stephanie E
Bought by
Partridge Scott G

Purchase Details

Closed on
Jul 30, 1998
Sold by
Warkentin Harold H and Warkentin Mary
Bought by
Partridge Scott G and Christenberry Stephanie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kohlmannslehner Sharon -- None Available
Kohlmannslehner Sharon -- None Available
Kohlmannsleher Sharon $1,112,500 Chicago Title Company
Partridge Scott G $300,000 None Available
Partridge Scott G $350,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Partridge Scott G $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2017 12/08/17 Sold $1,112,500 -3.3% $856 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $1,150,000 -- $885 / Sq Ft
Source: MLSListings

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 $12,962 $1,238,218 $900,524 $337,694
2024 $12,962 $1,213,940 $882,867 $331,073
2023 $13,119 $1,190,138 $865,556 $324,582
2022 $12,853 $1,166,803 $848,585 $318,218
2021 $12,788 $1,143,926 $831,947 $311,979
2020 $12,531 $1,132,198 $823,417 $308,781
2019 $12,132 $1,109,999 $807,272 $302,727
2018 $12,017 $1,100,000 $800,000 $300,000
2017 $6,131 $554,694 $407,580 $147,114
2016 $6,145 $543,819 $399,589 $144,230
2015 $6,046 $535,651 $393,587 $142,064
2014 $5,921 $525,160 $385,878 $139,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81683226

MLSListings

APN: 006-157-013-000

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