NOT LISTED FOR SALE

73 Spruce Way Carmel, CA 93923

Carmel Highlands Neighborhood

Estimated Value: $5,339,000 - $9,270,112

6 Beds
7 Baths
5,700 Sq Ft
$1,312/Sq Ft Est. Value

Last Sold April 23, 2013

Last sale price $4,125,000 $724 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $44,925/month

179 Days on Market

Highlights

  • Ocean View
  • Sauna
  • Deck
  • Carmel River Elementary School Rated A+
  • Primary Bedroom Suite
  • Vaulted Ceiling

About This Home

As of April 2013

Rare and exceptionally private 10 acre ocean view estate with 7.5 year old 4 BR/4.5BA main residence and 2BR/2.5BA guest house. The grounds are beautifully landscaped and surrounded by the mystical Highlands forest. Superior craftsmanship and custom quality throughout from the chef’s kitchen to the white oak flooring. Radiant heat, gallery walls, vaulted ceilings, numerous skylights, smart wiring.

Last Agent to Sell the Property

Ben Heinrich

Coldwell Banker Realty License #00584641 Listed on: 08/30/2012

Coldwell Banker Realty

Last Buyer's Agent

Shelly Lynch

Carmel Realty Company License #01217466

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $60,841

Year Built

  • Built in 2005

Lot Details

  • Lot Sloped Up
  • Sprinklers on Timer
  • Zoning described as R1

Property Views

  • Ocean
  • Mountain

Home Design

  • Cottage
  • Ceiling Insulation
  • Shake Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,700 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Double Pane Windows
  • Formal Entry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Sauna

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Built-In Oven
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom Suite
  • 7 Full Bathrooms
  • Bathtub with Shower
  • Steam Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • Detached Garage
  • Garage Door Opener
  • Guest Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Deck
  • Patio
  • Barbecue Area

Utilities

  • Zoned Heating
  • 220 Volts
  • Well
  • Water Softener is Owned
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 241-021-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$60,841

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Cottage/Bungalow
  • Age: 8
  • Sale Price Per Sq Ft: 723.68
  • Listing Class: Residential
  • Structure Sq Ft: 5700
  • Builder Architect: Richard Kashfi
  • Map Book Page: 1173
  • Map Side Coordinate: 1
  • Map Top Coordinate: D
  • Thomas Bros Page: 1173
  • Thomas Brothers: D1
  • Year Built: 2005
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Living Room, Wood Burning, Free Standing, Yes
  • Dining Room: Formal Dining Room, Breakfast Nook, Breakfast Bar
  • Kitchen: Pantry, Garbage Disposal, Dishwashers - 2+, Ovens - 2+, Refrigerators - 2+, Oven Range - Built-In, 220 Volt Outlet, Hookups - Gas
  • Living Sq Ft: 5700
  • Stories: 1
  • Security: Security Alarm - Owned, Fire Alarm, Fire System - Sprinkler
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Laundry Room, Dryer, Washer, Gas Hookup, 220 Volt Outlet
  • Flooring: Tile, Hardwood
  • Additional Rooms: Formal Entry
  • Maximum Bathrooms: 7
  • Maximum Numberof Bedrooms: 6
  • Minimum Bathrooms: 7
  • Minimum Numberof Bedrooms: 6
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Bathroom: Showers over Tubs - 2+, Tubs - 1, Stall Shower - 2+, Steam Shower, Tub in Primary Bedroom, Half Bath - More than 1, Sauna

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Shake
  • View: Mountains, Ocean
  • Yard/Grounds: Patio(s), Sprinklers - Auto, BBQ Area, Deck
  • Exterior: Wood, Stone, Stucco

Garage/Parking

  • Garage Min: 3
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Guest / Visitor Parking, Off-Street Parking

Utilities

  • Heating System: Heating - 2+ Zones
  • Sewer/Septic System: Septic Tank / Pump

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s), High Ceiling, Vaulted Ceiling, Built-in Vacuum

Schools

  • School District: Carmel Unified
  • Elementary School: Carmel River Elementary
  • Middle School: Carmel Middle
  • High School: Carmel High
  • High School: 497
  • Elementary School: 512
  • Middle School: 511

Lot Info

  • Lot Description: Grade - Sloped Up
  • Parcel Number: 241-021-017
  • Lot Location: Oceanfront
  • List Price per Sq Ft: 789.47
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 87120.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 87120.00
  • Lot Size Area Min Search: 87120.00
  • Maximum Lot Size: 87120.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Ceiling Insulation, Insulation - Per Owner, Walls Insulated, Caulked/Sealed, Weather Stripped Door(s), Double Pane Windows, Skylight

Multi Family

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

MLS Schools

  • High School District Text: Carmel Unified
  • Elementary School Text: Carmel River Elementary
  • High School Text: Carmel High
  • Middle School Text: Carmel Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2012
Closed on
Apr 19, 2013
Sold by
Kashfi Richard
Bought by
Mancina Mark Allan and Mancina Jill Ann
Seller's Agent
Ben Heinrich
Coldwell Banker Realty
Buyer's Agent
Shelly Lynch
Carmel Realty Company
List Price
$4,995,000
Sold Price
$4,125,000
Premium/Discount to List
-$870,000
-17.42%
Current Estimated Value
$7,480,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,355,528
Avg. Annual Appreciation
4.91%
Original Mortgage
$1,100,000
Outstanding Balance
$783,173
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$6,697,355

Purchase Details

Listed on
Aug 30, 2012
Closed on
Apr 18, 2013
Sold by
Kashfi Christine
Bought by
Kashfi Ricahrd
Seller's Agent
Ben Heinrich
Coldwell Banker Realty
Buyer's Agent
Shelly Lynch
Carmel Realty Company
List Price
$4,995,000
Sold Price
$4,125,000
Premium/Discount to List
-$870,000
-17.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$783,173
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$6,697,355

Purchase Details

Listed on
Aug 30, 2012
Closed on
Apr 16, 2013
Sold by
Kdr Construction Llc
Bought by
Kashfi Richard
Seller's Agent
Ben Heinrich
Coldwell Banker Realty
Buyer's Agent
Shelly Lynch
Carmel Realty Company
List Price
$4,995,000
Sold Price
$4,125,000
Premium/Discount to List
-$870,000
-17.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$783,173
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$6,697,355

Purchase Details

Closed on
Sep 6, 2012
Sold by
Kashfi Richard
Bought by
Kdr Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 29, 2005
Sold by
Kashfi Christine
Bought by
Kashfi Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.07%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 7, 2003
Sold by
Kashfi Richard
Bought by
Kashfi Richard and Kashfi Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
5.87%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 19, 2002
Sold by
Kashfi Nedj and Kashfi Lori
Bought by
Kashfi Richard and Kashfi Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,555
Interest Rate
5.96%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 9, 2001
Sold by
Kashfi Richard and Kashfi Christine
Bought by
Kashfi Richard and Kashfi Christine

Purchase Details

Closed on
Dec 27, 2000
Sold by
Kashfi Nedj and Kashfi Lori
Bought by
Kashfi Richard and Frost Christine

Purchase Details

Closed on
Mar 27, 2000
Sold by
Garren Ronald B
Bought by
Kashfi Richard and Frost Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
8.3%
Mortgage Type
Seller Take Back
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
Mancina Mark Allan -- Chicago Title Company
Kashfi Ricahrd -- Chicago Title Company
Kashfi Richard -- None Available
Kdr Construction Llc -- Title365 Company
Kashfi Richard -- First American Title
Kashfi Richard -- First American Title
Kashfi Richard -- --
Kashfi Richard -- Old Republic Title
Kashfi Richard -- --
Kashfi Richard -- --
Kashfi Richard -- --
Kashfi Richard $650,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mancina Mark Allan $1,100,000
Previous Owner Kdr Construction Llc $300,000
Previous Owner Kashfi Richard $1,984,000
Previous Owner Kashfi Richard $3,000,000
Previous Owner Kashfi Richard $2,000,000
Previous Owner Kashfi Richard $1,600,000
Previous Owner Kashfi Richard $38,555
Previous Owner Kashfi Richard $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2013 04/23/13 Sold $4,125,000 -8.3% $724 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
11/02/2012 11/02/12 Price Changed $4,500,000 -6.2% $789 / Sq Ft
09/21/2012 09/21/12 Price Changed $4,795,000 -4.0% $841 / Sq Ft
08/30/2012 08/30/12 For Sale $4,995,000 -- $876 / 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 $60,841 $5,986,433 $3,324,853 $2,661,580
2024 $60,841 $5,869,053 $3,259,660 $2,609,393
2023 $60,525 $5,753,975 $3,195,746 $2,558,229
2022 $58,531 $5,641,153 $3,133,085 $2,508,068
2021 $57,951 $5,530,543 $3,071,652 $2,458,891
2020 $56,715 $5,473,835 $3,040,156 $2,433,679
2019 $55,630 $5,366,506 $2,980,546 $2,385,960
2018 $54,594 $5,261,281 $2,922,104 $2,339,177
2017 $53,465 $5,158,119 $2,864,808 $2,293,311
2016 $52,618 $5,056,981 $2,808,636 $2,248,345
2015 $43,765 $4,200,902 $2,766,448 $1,434,454
2014 $43,315 $4,118,614 $2,712,258 $1,406,356
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Ben Heinrich

    Coldwell Banker Realty

    Section Image
  • Shelly Lynch

    Buyer's Agent in 2013

    Shelly Lynch

    Carmel Realty Company

    (831) 277-8044

    3 in this area

    146 Total Sales

    Shelly Lynch
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81232304

MLSListings

APN: 241-021-017-000

California Monterey County Carmel 93923 Carmel Highlands

73 Spruce Way, Carmel, CA

This home is located at 73 Spruce Way, Carmel, CA 93923 since 30 August 2012 and is currently estimated at $7,480,528, approximately $1,312 per square foot. This property was built in 2005. 73 Spruce Way is a home located in Monterey County with nearby schools including Carmel River Elementary School, Carmel Middle School, and Carmel High School.

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