NOT LISTED FOR SALE

605 Fountain Ave Pacific Grove, CA 93950

Estimated Value: $1,370,006 - $1,556,000

4 Beds
2 Baths
1,533 Sq Ft
$952/Sq Ft Est. Value

Last Sold March 05, 2014

Last sale price $645,000 $421 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $8,333/month

13 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • 1-minute walk to Caterpillar Park
  • Robert Down Elementary School Rated A
  • Level Lot

About This Home

As of March 2014

What an opportunity to own a peace of America's Last Home Town! Perfect setup in this duplex to live in one and rent the other - each unit has 2 bedrooms and 1 bath, hardwood floors, comfy living space and a spacious fenced back yard. Garage area is currently used as enclosed workshop. Low maintenance, drought tolerant landscaping.

Last Agent to Sell the Property

Becky Jones

Shankle Real Estate License #01250885 Listed on: 01/17/2014

Shankle Real Estate

Last Buyer's Agent

Sandra Schirmer

Keller Williams Realty License #01419062

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,295

Year Built

  • 1956

Lot Details

  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,533 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet

Utilities

  • Heating System Uses Gas
  • Sewer Within 50 Feet

Community Details

  • 1,533 Sq Ft Building
  • Operating Expense $4,027

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,295

Year Built

1956

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Sale Price Per Sq Ft: 420.74
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1533
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Oven Range, Varies By Unit, Refrigerator
  • Living Sq Ft: 1533
  • Stories: 2
  • Laundry: Laundry Area - In Unit
  • Flooring: Carpet - Wall To Wall, Hardwood

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4100.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4100.00
  • Lot Size Area Min Search: 4100.00
  • Maximum Lot Size: 4100.00

Rental Info

  • Existing Lease Term(s): Month To Month

Multi Family

  • Expenses Total: 4027
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2014
Closed on
Feb 26, 2014
Sold by
Buck Alan Scott and Craig Amelia
Bought by
Mcglothen Jimmy R
Seller's Agent
Becky Jones
Shankle Real Estate
Buyer's Agent
Sandra Schirmer
Keller Williams Realty
List Price
$590,000
Sold Price
$645,000
Premium/Discount to List
$55,000
9.32%
Current Estimated Value
$1,460,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$815,002
Avg. Annual Appreciation
7.26%
Original Mortgage
$483,750
Outstanding Balance
$366,665
Interest Rate
4.34%
Mortgage Type
New Conventional
Estimated Equity
$1,093,337

Purchase Details

Closed on
Dec 27, 2001
Sold by
Buck Gwendolen S
Bought by
Buck Alan Scott

Purchase Details

Closed on
Dec 21, 2000
Sold by
Buck Gwendolen S
Bought by
Buck Alan Scott

Purchase Details

Closed on
Dec 31, 1999
Sold by
Buck Gwendolyn S
Bought by
Buck Alan Scott

Purchase Details

Closed on
Apr 17, 1998
Sold by
Lewis Rose Eve K
Bought by
Buck Gwendolen S

Purchase Details

Closed on
Apr 10, 1998
Sold by
Zerbe Carl and Morris Audrey
Bought by
Buck Gwendolen S
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
Mcglothen Jimmy R $645,000 First American Title Company
Buck Alan Scott -- --
Buck Alan Scott -- --
Buck Alan Scott -- --
Buck Gwendolen S -- --
Lewis Rose Eve K -- --
Buck Gwendolen S $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcglothen Jimmy R $483,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2014 03/05/14 Sold $645,000 +9.3% $421 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
01/17/2014 01/17/14 For Sale $590,000 -- $385 / 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 $8,295 $790,671 $582,278 $208,393
2024 $8,295 $775,168 $570,861 $204,307
2023 $8,427 $759,969 $559,668 $200,301
2022 $8,257 $745,069 $548,695 $196,374
2021 $8,216 $730,461 $537,937 $192,524
2020 $8,051 $722,972 $532,422 $190,550
2019 $7,797 $708,797 $521,983 $186,814
2018 $7,642 $694,900 $511,749 $183,151
2017 $7,519 $681,275 $501,715 $179,560
2016 $7,537 $667,918 $491,878 $176,040
2015 $7,416 $657,886 $484,490 $173,396
2014 $3,532 $308,491 $177,673 $130,818
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Becky Jones

    Shankle Real Estate

    Section Image

  • S

    Buyer's Agent in 2014

    Sandra Schirmer

    Keller Williams Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81401521

MLSListings

APN: 006-544-005-000

California Monterey County Pacific Grove 93950

605 Fountain Ave, Pacific Grove, CA

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