NOT LISTED FOR SALE

702 Timber Trail Pacific Grove, CA 93950

Estimated Value: $972,000 - $1,323,000

3 Beds
2.5 Baths
1,488 Sq Ft
$548/mo HOA Fee

Last Sold March 08, 2024

Last sale price $999,000 $671 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,395/month

2 Days on Market

Highlights

  • Primary Bedroom Suite
  • Clubhouse
  • Vaulted Ceiling
  • Forest Grove Elementary School Rated A
  • Forest View
  • Balcony

About This Home

As of March 2024

Welcome to Forest Grove an upscale community within an enclave in Pacific Grove. You will enjoy the ideal location that is within proximity to Country Club Gate Shopping Center, highly-rated schools, and award-winning beaches. Rarely available in Forest Grove, this large condominium of 1,488 square feet offers 3 bedrooms and 2.5 bathrooms, a large living room centered around an insert fireplace, a dining room, a private enclosed brick patio, and an oversized detached 2-car garage with extra space for storage and projects. The large primary suite offers a vaulted ceiling, a sitting area, a walk-in closet, and a remodeled bathroom. The remodeled guest bathroom services both generous-sized guest bedrooms. A well-appointed kitchen is located off of the dining room and has a service window looking out over the enclosed patio. Having been well maintained, this home is a head-turner within the beautiful coastal hometown city of Pacific Grove.

Last Agent to Sell the Property

Jim Somerville

Carmel Realty Company License #01368907 Listed on: 02/13/2024

Last Buyer's Agent

Patrick Kennelly

Berkshire Hathaway HomeService License #01482979

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1972

Lot Details

  • West Facing Home
  • Gated Home
  • Back Yard Fenced

HOA Fees

  • $548 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Guest Parking
  • Off-Street Parking

Property Views

  • Forest
  • Park or Greenbelt

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,488 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Skylights
  • Double Pane Windows
  • Garden Windows
  • Living Room with Fireplace
  • Dining Area
  • Alarm System

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Laminate Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • Bathroom on Main Level
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry in unit
  • Washer and Dryer

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • 220 Volts

Listing and Financial Details

  • Assessor Parcel Number 007-711-023-000

Community Details

Overview

  • Association fees include common area electricity, common area gas, insurance - common area, maintenance - common area, maintenance - exterior, water / sewer
  • 113 Units
  • Forest Grove HOA
  • Built by Forest Grove Condos
  • Greenbelt

Amenities

  • Clubhouse

Pet Policy

  • Limit on the number of pets

Property Details

Home Type

Condominium

Year Built

Built in 1972

Lot Details

0

HOA Fees

$548 per month

Parking

2

Listing Details

  • Subclass: Condominium
  • Restrictions: Age - No Restrictions, Pets - Number Restrictions
  • Listing Class: Residential
  • Min Numberof Unitsin Complex: 113
  • Structure Sq Ft: 1488
  • Complex Name: Forest Grove Condos
  • Incorporated: Yes
  • Year Built: 1972
  • Zoning Description: Condo
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room
  • Fireplace: Living Room
  • Dining Room: Dining Area
  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Laminate, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Oven Range, Oven Range - Electric, Refrigerator, Trash Compactor
  • Living Sq Ft: 1488
  • Stories: 2
  • Security: Security Alarm
  • Bedrooms: Primary Suite / Retreat
  • Laundry: Electricity Hookup (220V), Inside, Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Fireplaces Min: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Bathroom: Half on Ground Floor, Primary - Stall Shower(s), Shower over Tub - 1, Updated Bath
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • View: Forest / Woods, Greenbelt
  • Yard/Grounds: Balcony / Patio
  • Fencing: Fenced Back, Gate
  • Property Faces: West
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking, Off-Street Parking

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 548
  • HOA Amenities: Club House, Garden / Greenbelt / Trails
  • HOA Documents: Articles of Incorporation, Budget, Bylaws, CC&RS, Financial Statement, Minutes, Rules & Regulations
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Insurance - Common Area, Maintenance - Common Area, Maintenance - Exterior, Water / Sewer
  • H O A Name Text: Forest Grove HOA
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Garden Window, Skylight, Vaulted Ceiling

Lot Info

  • Parcel Number: 007-711-023-000

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Utilities: Public Utilities
  • Maximum Building Height: 2
  • Minimum Building Height: 2
  • Unit Features: Unit Faces Common Area

MLS Schools

  • High School District Text: Pacific Grove Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2024
Closed on
Mar 4, 2024
Sold by
Middlebrook Kenneth A and Middle Darlene
Bought by
Therese Adams 2020 Revocable Trust and Adams
Seller's Agent
Jim Somerville
Carmel Realty Company
Buyer's Agent
Patrick Kennelly
Berkshire Hathaway HomeService
List Price
$999,000
Sold Price
$999,000
Views
30
Current Estimated Value
$1,091,089

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,089
Avg. Annual Appreciation
4.63%
Original Mortgage
$500,000
Outstanding Balance
$491,777
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$599,312
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
Therese Adams 2020 Revocable Trust $999,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Therese Adams 2020 Revocable Trust $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2024 03/08/24 Sold $999,000 0.0% $671 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $999,000 -- $671 / Sq Ft
Source: MLSListings

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 $2,170 $830,047 $249,014 $581,033
2024 $2,170 $813,773 $244,132 $569,641
2023 $2,110 $196,826 $43,418 $153,408
2022 $2,066 $192,967 $42,567 $150,400
2021 $2,054 $189,184 $41,733 $147,451
2020 $2,012 $187,246 $41,306 $145,940
2019 $1,946 $183,576 $40,497 $143,079
2018 $1,907 $179,977 $39,703 $140,274
2017 $1,875 $176,449 $38,925 $137,524
2016 $1,877 $172,990 $38,162 $134,828
2015 $1,845 $170,392 $37,589 $132,803
2014 $1,805 $167,055 $36,853 $130,202
Source: Public Records

Agents Affiliated with this Home

  • Jim Somerville

    Seller's Agent in 2024

    Jim Somerville

    Carmel Realty Company

    (831) 915-9726

    4 in this area

    29 Total Sales

    Jim Somerville
    Section Image

  • P

    Buyer's Agent in 2024

    Patrick Kennelly

    Berkshire Hathaway HomeService

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Map

Source: MLSListings

MLS Number: ML81954121

MLSListings

APN: 007-711-023-000

California Monterey County Pacific Grove 93950

702 Timber Trail, Pacific Grove, CA

Not Listed for Sale

Condos

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