NOT LISTED FOR SALE

585 Laine St Unit 2 Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $636,000 - $718,000

2 Beds
1 Bath
665 Sq Ft
$340/mo HOA Fee

Last Sold November 06, 2020

Last sale price $476,000 $716 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,546/month

9 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Balcony
  • Monterey High School Rated A
  • Granite Countertops
  • 1-minute walk to Hoffman Park

About This Home

As of November 2020

Welcome to easy and modern style living from this downstairs 665 square foot (approx.), 2 bedrooms, 1 bath unit. Located in beautiful New Monterey within walking distance of beaches / shopping and the famed Cannery Row / Monterey Bay Aquarium. Offering bright open spaces, beautifully updated kitchen and bath, nice sized rooms, and your very own balcony with tree top and distant ocean views. So come and see what life can be like from Laine Hill Condominiums.

Last Agent to Sell the Property

Lucie Campos

Coldwell Banker Realty License #01345594 Listed on: 08/18/2020

Coldwell Banker Realty

Last Buyer's Agent

Chi-ping Shih

KW Coastal Estates License #02088341

KW Coastal Estates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,501

Year Built

  • Built in 2007

Lot Details

  • 6,534

HOA Fees

  • $340 Monthly HOA Fees

Property Views

  • Ocean
  • Bay
  • Mountain
  • Neighborhood

Home Design

  • Contemporary Architecture
  • Victorian Architecture
  • Slab Foundation
  • Ceiling Insulation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 665 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Dining Room

Kitchen

  • Open to Family Room
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Travertine

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Stone Countertops In Bathroom
  • Granite Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Home Security

Parking

  • Carport
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

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

Additional Features

  • Balcony
  • North Facing Home

Listing and Financial Details

  • Assessor Parcel Number 001-996-002-000

Community Details

Overview

  • Association fees include common area electricity, common area gas, exterior painting, garbage, insurance - common area, landscaping / gardening, maintenance - common area, management fee, reserves, roof, sewer
  • 19 Units
  • Laine Hill Homeowners Assoc. Association
  • Built by Laine Hill Homeowners Associatio
  • The community has rules related to parking rules
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,501

Year Built

Built in 2007

Lot Details

0

HOA Fees

$340 per month

Listing Details

  • Subclass: Condominium
  • Style: Contemporary, Victorian
  • Restrictions: Age - No Restrictions, Park Rental Restrictions, Parking Restrictions, Pets - Allowed
  • Age: 13
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Max Numberof Unitsin Building: 19
  • Min Numberof Unitsin Complex: 19
  • Structure Sq Ft: 665
  • Complex Name: Laine Hill Homeowners Associatio
  • Year Built: 2007
  • Zoning Description: R 1-3
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: Kitchen / Family Room Combo
  • Dining Room: No Formal Dining Room
  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Island, Island with Sink, Oven - Electric, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 665
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom on Ground Floor, More than One Bedroom on Ground Floor
  • Laundry: Inside, Washer / Dryer
  • Flooring: Carpet, Travertine
  • Maximum Numberof Bedrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Double Sinks, Full on Ground Floor, Granite, Shower and Tub, Stone

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle
  • View: Bay, Mountains, Neighborhood, Ocean
  • Yard/Grounds: Balcony / Patio
  • Property Faces: North
  • Construction Type: Stucco, Wood

Garage/Parking

  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Guest / Visitor Parking, Off-Street Parking, On Street

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 340
  • HOA Amenities: Additional Storage, Community TV Antenna
  • HOA Documents: Budget, Bylaws, CC&RS, 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, Management Fee, Reserves, Roof, Sewer
  • H O A Name Text: Laine Hill Homeowners Assoc.
  • H O A Exist: Yes

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-996-002-000

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Low Flow Shower, Low Flow Toilet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: Unit Faces Street

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2020
Closed on
Nov 3, 2020
Sold by
Laine Hill Condominiums Inc
Bought by
Liao Liyuan
Seller's Agent
Lucie Campos
Coldwell Banker Realty
Buyer's Agent
Chi-ping Shih
KW Coastal Estates
List Price
$475,000
Sold Price
$476,000
Premium/Discount to List
$1,000
0.21%
Current Estimated Value
$693,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,093
Avg. Annual Appreciation
7.89%
Original Mortgage
$428,400
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Liao Liyuan $476,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liao Liyuan $422,000
Closed Liao Liyuan $428,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $476,000 +0.2% $716 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $475,000 -- $714 / 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 $5,501 $515,236 $324,729 $190,507
2024 $5,501 $505,134 $318,362 $186,772
2023 $5,355 $495,230 $312,120 $183,110
2022 $5,279 $485,520 $306,000 $179,520
2021 $5,201 $476,000 $300,000 $176,000
2020 $2,695 $246,594 $108,088 $138,506
2019 $2,825 $241,760 $105,969 $135,791
2018 $2,715 $237,021 $103,892 $133,129
2017 $2,517 $232,374 $101,855 $130,519
2016 $2,473 $227,818 $99,858 $127,960
2015 $2,438 $224,397 $98,359 $126,038
2014 $2,396 $220,003 $96,433 $123,570
Source: Public Records

Agents Affiliated with this Home

  • Lucie Campos

    Seller's Agent in 2020

    Lucie Campos

    Coldwell Banker Realty

    (831) 596-6118

    5 in this area

    147 Total Sales

    Lucie Campos
    Section Image

  • C

    Buyer's Agent in 2020

    Chi-ping Shih

    KW Coastal Estates

    Section Image
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Map

Source: MLSListings

MLS Number: ML81806648

MLSListings

APN: 001-996-002-000

California Monterey County Monterey 93940 New Monterey

585 Laine St Unit 2, Monterey, CA

This home is located at 585 Laine St Unit 2, Monterey, CA 93940 since 18 August 2020 and is currently estimated at $693,093, approximately $1,042 per square foot. This property was built in 2007. 585 Laine St Unit 2 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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