NOT LISTED FOR SALE

585 Laine St Unit 5 Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $701,000 - $760,000

2 Beds
1 Bath
620 Sq Ft
6,534 Sq Ft Lot

Last Sold December 04, 2012

Last sale price $389,500 $628 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,320/month

5 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Breakfast Bar
  • Monterey High School Rated A
  • Bathtub
  • 1-minute walk to Hoffman Park

About This Home

As of December 2012

This beautifully remodeled two bedroom condo is in one of the most desirable locations and complexes in Monterey. Located at 585 Laine Street, unit #, this carefully maintained property is in New Monterey's famous sun belt and over looks Cannery Row and the Monterey Bay beyond. The finishes used are granite counter tops in both bath and kitchen, travertine flooring in both kitchen and bath.

Last Agent to Sell the Property

Jeffrey Miller

Jeffrey Miller Real Estate License #01207964 Listed on: 11/14/2012

Last Buyer's Agent

Robin Aeschliman

Coldwell Banker Realty License #00983822

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,203

Year Built

  • Built in 1987

Lot Details

  • 6,534

Home Design

  • Contemporary Architecture
  • Ceiling Insulation
  • Floor Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 620 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Ocean Views

Kitchen

  • Breakfast Bar
  • Cooktop
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Low Flow Toliet
  • Bathtub
  • Low Flow Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking

Eco-Friendly Details

  • Energy-Efficient Insulation
  • ENERGY STAR/CFL/LED Lights

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 001-096-005

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include landscaping / gardening, management fee, reserves, roof, sewer, water, common area electricity, exterior painting, fencing, garbage, insurance - flood, insurance - liability, unit coverage insurance
  • Laine Hill Condominium Homeowners Assoca Association

Pet Policy

  • Pet Restriction

Additional Features

  • Community Storage Space
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,203

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Restrictions: Pets - Restrictions
  • Age: 25
  • Sale Price Per Sq Ft: 628.23
  • Listing Class: Residential
  • Maximum Unit Floor Number: 2
  • Maximum Unit Levels: 1
  • Max Numberof Unitsin Building: 25
  • Structure Sq Ft: 620
  • Incorporated: Yes
  • Year Built: 1987
  • Zoning Description: 02
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Dining Room: No Formal Dining Room, Breakfast Bar
  • Kitchen: Dishwasher, Cooktop, Garbage Disposal, Refrigerator, Microwave
  • Living Sq Ft: 620
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Laundry: In Laundry Room, Dryer, Washer
  • Flooring: Tile, Carpet - Wall to Wall
  • Maximum Bathrooms: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 1
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Bathroom: Tubs - 1, No Stall Shower

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition
  • View: Ocean

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking
  • Carport Max: 1
  • Carport Min: 1

Utilities

  • Heating System: Forced Air

Condo/Co-op/Association

  • HOA Fees: 240
  • HOA Amenities: Additional Storage
  • HOA Documents: Articles of Incorporation, Bylaws, Budget, Financial Statement, Rules & Regulations
  • Association Fees Include: Landscaping / Gardening, Management Fee, Reserves, Roof, Sewer, Water, Common Area Electricity, Exterior Painting, Fencing, Garbage, Insurance - Flood, Insurance - Liability, Unit Coverage Insurance
  • H O A Name Text: Laine Hill COndominium Homeowners Assoca
  • Levels In Unit: 1
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Balcony/Patio

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-096-005
  • Lot Location: Corner
  • List Price per Sq Ft: 628.23
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10000.00
  • Lot Size Area Min Search: 10000.00
  • Maximum Lot Size: 10000.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Ceiling Insulation, Walls Insulated, Insulation - Floor, Caulked/Sealed, Energy Star Appliances, Energy Star Lighting, Insulated Water Heater, Low Flow Shower, Low Flow Toilet, Weather Stripped Door(s)

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2017
Sold by
Bishop Randell Kent
Bought by
Bishop Randell Kent
Current Estimated Value
$718,682

Purchase Details

Listed on
Nov 14, 2012
Closed on
Nov 28, 2012
Sold by
Laine Hill Condominiums Inc
Bought by
Bishop Randell Kent
Seller's Agent
Jeffrey Miller
Jeffrey Miller Real Estate
Buyer's Agent
Robin Aeschliman
Coldwell Banker Realty
List Price
$389,500
Sold Price
$389,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
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
Bishop Randell Kent -- None Available
Bishop Randell Kent $389,500 Old Republic Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2012 12/04/12 Sold $389,500 0.0% $628 / Sq Ft
11/19/2012 11/19/12 Pending -- -- --
11/14/2012 11/14/12 For Sale $389,500 -- $628 / 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 $5,203 $479,628 $221,651 $257,977
2024 $5,203 $470,224 $217,305 $252,919
2023 $5,060 $461,005 $213,045 $247,960
2022 $4,991 $451,967 $208,868 $243,099
2021 $4,919 $443,106 $204,773 $238,333
2020 $4,733 $438,564 $202,674 $235,890
2019 $4,966 $429,965 $198,700 $231,265
2018 $4,769 $421,535 $194,804 $226,731
2017 $4,417 $413,271 $190,985 $222,286
2016 $4,339 $405,169 $187,241 $217,928
2015 $4,277 $399,084 $184,429 $214,655
2014 $4,204 $391,268 $180,817 $210,451
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jeffrey Miller

    Jeffrey Miller Real Estate

  • R

    Buyer's Agent in 2012

    Robin Aeschliman

    Coldwell Banker Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81240956

MLSListings

APN: 001-996-005-000

California Monterey County Monterey 93940 New Monterey

585 Laine St Unit 5, Monterey, CA

This home is located at 585 Laine St Unit 5, Monterey, CA 93940 since 14 November 2012 and is currently estimated at $718,682, approximately $1,159 per square foot. This property was built in 1987. 585 Laine St Unit 5 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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