NOT LISTED FOR SALE

585 Laine St Unit 8 Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $715,000 - $801,371

2 Beds
1 Bath
763 Sq Ft
7,405 Sq Ft Lot

Last Sold August 17, 2014

Last sale price $415,000 $544 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $4,587/month

9 Days on Market

Highlights

  • Bay View
  • Marble Flooring
  • Bathtub
  • Monterey High School Rated A
  • Double Pane Windows
  • 1-minute walk to Hoffman Park

About This Home

As of August 2014

Situated in an ideal New Monterey location, this 2 BD 1 BA condo is perfect for full time living or a relaxing weekend getaway. Sophisticated upgrades include granite counters, stainless appliances, crown moulding, designer colors, and a large storage area. Low HOA and a partial bay view are also a plus. Take advantage of this prime walking location for a stroll to Cannery Row to shop and dine.

Last Agent to Sell the Property

Arleen Hardenstein

Sotheby’s International Realty License #01710953 Listed on: 07/09/2014

Sotheby’s International Realty

Last Buyer's Agent

Kathleen McCrystal

David Lyng Real Estate License #01463899

David Lyng Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,403

Year Built

  • Built in 2007

Lot Details

  • 7,405

Parking

  • 1 Carport Space

Property Views

  • Bay
  • Neighborhood

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 763 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-996-008

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include landscaping / gardening, reserves, common area electricity, decks, exterior painting, garbage, insurance - common area
  • Laine Hill Condominium HOA

Pet Policy

  • Pet Restriction

Additional Features

  • Community Storage Space
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,403

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Restrictions: Pets - Restrictions
  • Age: 7
  • Sale Price Per Sq Ft: 543.91
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Maximum Unit Floor Number: 1
  • Maximum Unit Levels: 1
  • Max Numberof Unitsin Building: 25
  • Structure Sq Ft: 763
  • Incorporated: Yes
  • Map Book Page: 80
  • Map Side Coordinate: 2
  • Map Top Coordinate: G
  • Thomas Bros Page: 80
  • Thomas Brothers: G2
  • Year Built: 2007
  • Zoning Description: R2
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Dining Room: Dining Area in Living Room, Breakfast Bar
  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator, Oven Range, Microwave, 220 Volt Outlet
  • Living Sq Ft: 763
  • Stories: 1
  • Security: Fire System - Sprinkler
  • Bedrooms: Ground Floor Bedroom
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Carpet - Wall to Wall, Marble
  • 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 Slab
  • Roof: Composition
  • View: Bay, Local/Neighborhood

Garage/Parking

  • Carport Max: 1
  • Carport Min: 1

Utilities

  • Heating System: Forced Air

Condo/Co-op/Association

  • HOA Fees: 248
  • HOA Amenities: Additional Storage
  • HOA Documents: Articles of Incorporation
  • Association Fees Include: Landscaping / Gardening, Reserves, Common Area Electricity, Decks, Exterior Painting, Garbage, Insurance - Common Area
  • H O A Name Text: Laine Hill Condominium HOA
  • Levels In Unit: 1
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s)

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-996-008
  • List Price per Sq Ft: 543.91
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 764.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 764.00
  • Lot Size Area Min Search: 764.00
  • Maximum Lot Size: 764.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Caulked/Sealed, Low Flow Shower, Low Flow Toilet, Double Pane Windows

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

Listed on
Jul 9, 2014
Closed on
Aug 14, 2014
Sold by
Dean George S and Dean George F
Bought by
Holmes Mark Daniel and Borjon Patricia A
Seller's Agent
Arleen Hardenstein
Sotheby’s International Realty
Buyer's Agent
Kathleen McCrystal
David Lyng Real Estate
List Price
$415,000
Sold Price
$415,000
Current Estimated Value
$765,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,093
Avg. Annual Appreciation
5.65%
Original Mortgage
$332,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2012
Closed on
Apr 26, 2012
Sold by
Dean Michelle
Bought by
Dean George F
Seller's Agent
RECIP
Out of Area Office
Buyer's Agent
Jaqueline Meraz
Coldwell Banker Realty
List Price
$339,000
Sold Price
$331,500
Premium/Discount to List
-$7,500
-2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.26%

Purchase Details

Listed on
Apr 6, 2012
Closed on
Apr 24, 2012
Sold by
Laine Hill Condominiums Inc
Bought by
Dean George S and Dean George F
Seller's Agent
RECIP
Out of Area Office
Buyer's Agent
Jaqueline Meraz
Coldwell Banker Realty
List Price
$339,000
Sold Price
$331,500
Premium/Discount to List
-$7,500
-2.21%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Holmes Mark Daniel $415,000 Old Republic Title Company
Dean George F -- Old Republic Title Company
Dean George S $332,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Mark Daniel $412,000
Closed Holmes Mark Daniel $412,500
Closed Holmes Mark Daniel $332,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Off Market $415,000 -- --
08/17/2014 08/17/14 Sold $415,000 0.0% $544 / Sq Ft
07/18/2014 07/18/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $415,000 +25.2% $544 / Sq Ft
04/30/2012 04/30/12 Sold $331,500 -2.2% $434 / Sq Ft
04/14/2012 04/14/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $339,000 -- $444 / 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 $5,403 $498,758 $240,367 $258,391
2024 $5,403 $488,979 $235,654 $253,325
2023 $5,259 $479,392 $231,034 $248,358
2022 $5,187 $469,993 $226,504 $243,489
2021 $5,112 $460,778 $222,063 $238,715
2020 $4,919 $456,055 $219,787 $236,268
2019 $5,161 $447,114 $215,478 $231,636
2018 $4,956 $438,348 $211,253 $227,095
2017 $4,591 $429,754 $207,111 $222,643
2016 $4,509 $421,328 $203,050 $218,278
2015 $4,445 $415,000 $200,000 $215,000
2014 $3,661 $339,818 $153,694 $186,124
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Arleen Hardenstein

    Sotheby’s International Realty

    Section Image

  • K

    Buyer's Agent in 2014

    Kathleen McCrystal

    David Lyng Real Estate (Carmel offices)

    Section Image

  • R

    Seller's Agent in 2012

    RECIP

    Out of Area Office

  • J

    Buyer's Agent in 2012

    Jaqueline Meraz

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81424544

MLSListings

APN: 001-996-008-000

California Monterey County Monterey 93940 New Monterey

585 Laine St Unit 8, Monterey, CA

This home is located at 585 Laine St Unit 8, Monterey, CA 93940 since 09 July 2014 and is currently estimated at $765,093, approximately $1,002 per square foot. This property was built in 2007. 585 Laine St Unit 8 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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