NOT LISTED FOR SALE

585 Laine St Unit 15 Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $791,000 - $1,067,000

2 Beds
1 Bath
764 Sq Ft
$405/mo HOA Fee

Last Sold March 18, 2022

Last sale price $750,000 $982 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,864/month

10 Days on Market

Highlights

  • Ocean View
  • Senior Community
  • End Unit
  • Unit is on the top floor
  • Craftsman Architecture
  • 1-minute walk to Hoffman Park

About This Home

As of March 2022

Convenience, location with ease of living is here. Welcome to your ready to move in, light and bright, 2 bedroom, 1 bath condo that is sure to amaze. With an open floor plan, gorgeous ocean views, breakfast bar, complete with an ocean view balcony. Located in New Monterey and close to the trail, beaches, shopping, famed Cannery Row / Monterey Bay Aquarium. So, if you love the convenience of living near the ocean and trails with an easy condo living vibe, then you have found it, you have found your ocean-view dream Monterey home.

Last Agent to Sell the Property

Lucie Campos

Coldwell Banker Realty License #01345594 Listed on: 02/07/2022

Coldwell Banker Realty

Last Buyer's Agent

Kean Matthams

Carmel Realty Company License #02095405

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,521

Year Built

  • 2007

Lot Details

  • End Unit
  • Northwest Facing Home

HOA Fees

  • $405 Monthly HOA Fees

Property Views

  • Ocean
  • Bay
  • City Lights
  • Mountain
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Victorian Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 764 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Washer and Dryer

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Stone
  • Travertine

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Dual Flush Toilets
  • Bathtub with Shower

Home Security

Parking

  • 4 Parking Spaces
  • 1 Carport Space
  • No Garage
  • Lighted Parking
  • Guest Parking
  • Off-Street Parking
  • Off-Site Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Balcony
  • Unit is on the top floor

Community Details

Overview

  • Senior Community
  • Association fees include common area electricity, common area gas, exterior painting, garbage, insurance - common area, landscaping / gardening, maintenance - common area, maintenance - exterior, management fee, reserves, roof, sewer
  • 19 Units
  • Laine Hill Condominiums HOA

Pet Policy

  • Pet Restriction
  • Limit on the number of pets
  • Dogs Allowed

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,521

Year Built

2007

Lot Details

0

HOA Fees

$405 per month

Listing Details

  • Zoning: R 1-3
  • Subclass: Condominium
  • Style: Craftsman, Traditional, Victorian
  • Restrictions: Age - No Restrictions, Pets - Dogs Permitted, Pets - Not Allowed, Pets - Number Restrictions, Pets - Restrictions, Senior Community
  • Age: 15
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Min Numberof Unitsin Complex: 19
  • Structure Sq Ft: 764
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2007

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: Breakfast Bar, Dining Area In Living Room, Dining Bar, No Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Hood Over Range, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 764
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Stone, Travertine
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Dual Flush Toilet, Granite, Shower And Tub, Stone, Updated Bath

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • View: Bay, City Lights, Mountains, Neighborhood, Ocean
  • Yard/Grounds: Balcony / Patio
  • Property Faces: Northwest
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport, Common Parking Area, Covered Parking, Guest / Visitor Parking, Lighted Parking Area, No Garage, Off-Site Parking, Off-Street Parking, Parking Area
  • Carport Min: 1

Utilities

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

Condo/Co-op/Association

  • Complex Name: Laine Hill Condominiums HOA
  • HOA Fees: 405
  • HOA Amenities: Community Tv Antenna
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs, Financial Statement, Minutes, Reserve Study, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Exterior Painting, Garbage, Insurance - Common Area, Landscaping / Gardening, Maintenance - Common Area, Maintenance - Exterior, Management Fee, Reserves, Roof, Sewer
  • HOA Exist: Yes
  • H O A Name Text: Laine Hill Condominiums HOA

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Views
  • Lot Acres: 0.0175
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 763.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 763.00

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: Corner Unit, End Unit, Other Unit Below, Top Floor Or Penthouse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2024
Sold by
Kimbrough Jason and Osborne Shayna K
Bought by
Kimbrough Jason
Current Estimated Value
$878,371

Purchase Details

Closed on
Sep 9, 2022
Sold by
Osborne Shayna K and Kimbrough Jason A
Bought by
Jason Kimbrough And Shayna K Osborne 2022 Tru and Kimbrough

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 12, 2022
Sold by
Laine Hill Condominiums Inc
Bought by
Osborne Shayna K and Kimbrough Jason A
Seller's Agent
Lucie Campos
Coldwell Banker Realty
Buyer's Agent
Kean Matthams
Carmel Realty Company
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%
Original Mortgage
$600,000
Interest Rate
3.85%
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
Kimbrough Jason -- None Listed On Document
Kimbrough Jason -- None Listed On Document
Jason Kimbrough And Shayna K Osborne 2022 Tru -- None Listed On Document
Osborne Shayna K $750,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Osborne Shayna K $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $750,000 -6.1% $982 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $799,000 -- $1,046 / 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 $8,521 $795,905 $371,422 $424,483
2024 $8,521 $780,300 $364,140 $416,160
2023 $8,345 $765,000 $357,000 $408,000
2022 $3,252 $750,000 $350,000 $400,000
2021 $3,205 $286,239 $127,411 $158,828
2020 $3,085 $283,305 $126,105 $157,200
2019 $3,235 $277,751 $123,633 $154,118
2018 $3,108 $272,306 $121,209 $151,097
2017 $2,880 $266,968 $118,833 $148,135
2016 $2,829 $261,734 $116,503 $145,231
2015 $2,789 $257,804 $114,754 $143,050
2014 $2,742 $252,755 $112,507 $140,248
Source: Public Records

Agents Affiliated with this Home

  • Lucie Campos

    Seller's Agent in 2022

    Lucie Campos

    Coldwell Banker Realty

    (831) 596-6118

    5 in this area

    146 Total Sales

    Lucie Campos
    Section Image
  • Kean Matthams

    Buyer's Agent in 2022

    Kean Matthams

    Carmel Realty Company

    (831) 277-1224

    1 in this area

    18 Total Sales

    Kean Matthams
    Section Image
  • Sharon Matthams

    Buyer Co-Listing Agent in 2022

    Sharon Matthams

    Carmel Realty Company

    (831) 320-4161

    1 in this area

    12 Total Sales

    Sharon Matthams
    Section Image
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Map

Source: MLSListings

MLS Number: ML81877298

MLSListings

APN: 001-996-015-000

California Monterey County Monterey 93940 New Monterey

585 Laine St Unit 15, Monterey, CA

This home is located at 585 Laine St Unit 15, Monterey, CA 93940 since 07 February 2022 and is currently estimated at $878,371, approximately $1,149 per square foot. This property was built in 2007. 585 Laine St Unit 15 is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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