NOT LISTED FOR SALE

Estimated Value: $1,297,000 - $1,916,000

5 Beds
4 Baths
2,217 Sq Ft
$737/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $1,050,000 $474 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $9,779/month

54 Days on Market

Highlights

  • Ocean View
  • Post and Beam
  • Forced Air Heating System
  • Monterey High School Rated A
  • 5 Car Attached Garage
  • 5-minute walk to Hoffman Park

About This Home

As of July 2016

Wonderful opportunity to live in the ultimate location with sweeping ocean views. This property is 2 blocks from lighthouse and a short walk to all Cannery Row has to offer!! 2 house on one lot both with private garages. Rear house 2 bedrooms and 2 baths and has wonderful views from kitchen and deck and a 3 car garage. Front unit is 3 bedroom and 2 bath with partial ocean view and a 2 car garage. Live in one and rent out the other!!

Last Agent to Sell the Property

Scott Craig

Town'N Country Realty License #01342579 Listed on: 04/14/2016

Town'N Country Realty

Last Buyer's Agent

William Bluhm

Sotheby’s International Realty License #01075634

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,358

Year Built

  • 1993

Lot Details

  • 6,011 Sq Ft Lot
  • Security Fence

Parking

  • 5 Car Attached Garage

Property Views

  • Ocean
  • Bay
  • City Lights

Home Design

  • Duplex
  • Post and Beam
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,217 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $24,000

Community Details

Overview

  • 2,217 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,400
  • Operating Expense $7,876
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,358

Year Built

1993

Lot Details

0

Parking

5

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Age: 23
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2217
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1993

Interior Features

  • Living Sq Ft: 2217
  • Stories: 2
  • Security: Security Fence

Exterior Features

  • Foundation: Concrete Slab, Post And Beam
  • Roof: Composition
  • View: Bay, City Lights, Ocean, Water

Garage/Parking

  • Garage Spaces: 5
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 44.79
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1400
  • Expenses Total: 7876
  • Income Annual Gross: 24000.00
  • Income Annual Rental: 24000
  • Income Gross Scheduled: 24000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 21, 2016
Sold by
Goryatnina Vera V and Goryatnin Aleksandr
Bought by
Woo Family Trust
Seller's Agent
Scott Craig
Town'N Country Realty
Buyer's Agent
William Bluhm
Sotheby’s International Realty
List Price
$1,075,000
Sold Price
$1,050,000
Premium/Discount to List
-$25,000
-2.33%
Current Estimated Value
$1,634,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$584,469
Avg. Annual Appreciation
5.02%
Interest Rate
3.56%

Purchase Details

Closed on
Oct 18, 2011
Sold by
Goryatnin Aleksandr and Goryatnina Vera V
Bought by
Goryatnina Vera V and Goryatnin Aleksandr

Purchase Details

Closed on
Sep 4, 2001
Sold by
Short Louise
Bought by
Short Louise and The Louise Short 2001 Trust
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
Woo Family Trust $1,050,000 Chicago Title Company
Goryatnina Vera V -- Old Republic Title Company
Goryatnin Aleksandr $575,000 Old Republic Title Company
Short Louise -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $1,050,000 -2.3% $474 / Sq Ft
06/08/2016 06/08/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $1,075,000 -- $485 / 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 $13,358 $1,242,981 $473,516 $769,465
2024 $13,358 $1,218,610 $464,232 $754,378
2023 $13,064 $1,194,717 $455,130 $739,587
2022 $12,884 $1,171,292 $446,206 $725,086
2021 $12,698 $1,148,326 $437,457 $710,869
2020 $12,218 $1,136,552 $432,972 $703,580
2019 $12,825 $1,114,268 $424,483 $689,785
2018 $12,311 $1,092,420 $416,160 $676,260
2017 $11,402 $1,071,000 $408,000 $663,000
2016 $6,570 $610,096 $265,259 $344,837
2015 $6,477 $600,933 $261,275 $339,658
2014 $6,366 $589,162 $256,157 $333,005
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81580241

MLSListings

APN: 001-078-010-000