NOT LISTED FOR SALE

602 Madison St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,280,000 - $1,702,742

3 Beds
3 Baths
2,504 Sq Ft
$583/Sq Ft Est. Value

Last Sold November 05, 2014

Last sale price $616,000 $246 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $8,323/month

20 Days on Market

Highlights

  • Bay View
  • Maid or Guest Quarters
  • Workshop
  • Monterey High School Rated A
  • Main Floor Bedroom
  • Breakfast Room

About This Home

As of November 2014

Main house is two bedrooms/two bathrooms. Upstairs unit, reachable via exterior staircase, has a full kitchen(small) and a full bathroom. Both units have bay views. Big lot zoned R-3-6, mutli-family. Potentially, six apartments can be constructed or a combination of a house and some units. Please check with City regarding possibilities. Site is close to MIIS.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 08/13/2014

Last Buyer's Agent

Kyle Dalton

Cardinalli Real Estate License #01915609

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1910

Lot Details

  • Zoning described as R-3

Parking

  • 2 Car Detached Garage

Property Views

  • Bay
  • City Lights
  • Mountain
  • Garden
  • Neighborhood

Home Design

  • Fixer Upper
  • Masonry Perimeter Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,504 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • Window Treatments
  • Formal Entry
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Workshop

Kitchen

  • Built-In Oven
  • Cooktop

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 001-405-008

Home Details

Home Type

Single Family

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Subclass: Single Family Home
  • Property Condition: Fixer Upper
  • Sale Price Per Sq Ft: 246.01
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 2504
  • Incorporated: Yes
  • Map Book Page: 80
  • Map Side Coordinate: 4
  • Map Top Coordinate: G
  • Thomas Bros Page: 80
  • Thomas Brothers: G4
  • Year Built: 1910
  • Zoning Description: R-3
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Free Standing, Yes
  • Dining Room: Formal Dining Room, Breakfast Room
  • Kitchen: Cooktop, Oven - Built-In
  • Living Sq Ft: 2504
  • Stories: 2
  • Bedrooms: Ground Floor Bedroom
  • Laundry: In Laundry Room
  • Flooring: Carpet - Wall to Wall, Vinyl / Linoleum
  • Additional Rooms: Workshop, Formal Entry, Guest Quarters
  • Maximum Bathrooms: 3
  • Minimum Bathrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Masonry Perimeter, Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • View: Bay, Garden / Greenbelt, Mountains, Local/Neighborhood, City Lights

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air, Gas
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s)

Lot Info

  • Parcel Number: 001-405-008
  • Lot Location: Corner
  • List Price per Sq Ft: 259.19
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10126.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10126.00
  • Lot Size Area Min Search: 10126.00
  • Maximum Lot Size: 10126.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2015
Sold by
Costa Guiseppe F
Bought by
The Giuseppe F Costa & Rosa Costa 1996 R
Current Estimated Value
$1,459,936

Purchase Details

Listed on
Aug 13, 2014
Closed on
Oct 29, 2014
Sold by
Costa Rosa
Bought by
Costa Giuseppe
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Kyle Dalton
Cardinalli Real Estate
List Price
$649,000
Sold Price
$616,000
Premium/Discount to List
-$33,000
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$416,000
Outstanding Balance
$320,657
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$1,139,279

Purchase Details

Listed on
Aug 13, 2014
Closed on
Oct 20, 2014
Sold by
Kast Gregory A and Kast Susan G
Bought by
Costa Guiseppe
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Kyle Dalton
Cardinalli Real Estate
List Price
$649,000
Sold Price
$616,000
Premium/Discount to List
-$33,000
-5.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Outstanding Balance
$320,657
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$1,139,279

Purchase Details

Closed on
Jun 17, 2008
Sold by
Kast Gregory A and Kast Susan G
Bought by
Kast Gregory A and Kast Susan G

Purchase Details

Closed on
May 9, 2001
Sold by
Knight Nihla S
Bought by
Knight Nihla S and The Nihla Stowe Knight Trust
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
The Giuseppe F Costa & Rosa Costa 1996 R -- None Available
Costa Giuseppe -- Chicago Title Company
Costa Guiseppe $616,000 Chicago Title Company
Kast Gregory A -- None Available
Kast Gregory A -- None Available
Knight Nihla S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costa Giuseppe $416,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2014 11/05/14 Sold $616,000 -5.1% $246 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
08/13/2014 08/13/14 For Sale $649,000 -- $259 / 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 $8,271 $755,119 $490,338 $264,781
2024 $8,271 $740,314 $480,724 $259,590
2023 $7,995 $725,799 $471,299 $254,500
2022 $7,885 $711,568 $462,058 $249,510
2021 $7,771 $697,617 $452,999 $244,618
2020 $7,479 $690,465 $448,355 $242,110
2019 $7,845 $676,927 $439,564 $237,363
2018 $7,536 $663,655 $430,946 $232,709
2017 $6,982 $650,644 $422,497 $228,147
2016 $6,858 $637,887 $414,213 $223,674
2015 $6,760 $628,307 $407,992 $220,315
2014 $7,142 $663,000 $400,000 $263,000
Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2014

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    2 in this area

    59 Total Sales

    Hap Albers
    Section Image

  • K

    Buyer's Agent in 2014

    Kyle Dalton

    Cardinalli Real Estate

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81429716

MLSListings

APN: 001-405-008-000

California Monterey County Monterey 93940 Old Town

602 Madison St, Monterey, CA

Not Listed for Sale

Detached

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