Joe Gallagher
Sotheby’s International Realty
(831) 250-1666
33 Total Sales
5 in New Monterey
$1.2M - $1.9M Price Range
751 Spencer St Monterey, CA 93940
New Monterey Neighborhood
6
Beds
4
Baths
3,149
Sq Ft
5,815
Sq Ft Lot
Highlights
- Ocean View
- Deck
- Storage Room
- Monterey High School Rated A
- Balcony
- 3-minute walk to Hoffman Park
About This Home
As of April 2019Monterey 4-plex with ocean views in New Monterey. The complex features two one bedroom / one bathroom units and two 2 bedroom / one bathroom units. The two bedroom upstairs units have ocean views, with Unit # 2 having very good ocean views. Potential rents for these units are $2000+ per month. Unit # 1 is downstairs one bedroom and it has some ocean views. Unit # 3 is a downstairs one bedroom / one bathroom unit. Potential rent for the one bedroom units is $1500+ per month. Roof is about 10 years old. The complex is 4 blocks to Lighthouse Avenue restaurants, services, gyms, and nightlife. Cannery Row and the Monterey Bay Recreation Trail is 3 more blocks. Property is close to employment centers, Trader Joe's, Pebble Beach, DLI, MIIS, and NPS. Rents shown are effective January 1st, 2019.
Last Agent to Sell the Property
Albers Real Estate Investment Company License #01006595 Listed on: 06/05/2018
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Property Details
Home Type
- Multi-Family
Year Built
- 1973
Lot Details
- 5,815 Sq Ft Lot
- Lot Sloped Up
Property Views
- Ocean
- City Lights
- Mountain
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,149 Sq Ft Home
- 2-Story Property
- Storage Room
- Washer and Dryer
- Electric Oven
Flooring
- Carpet
- Tile
- Vinyl
Parking
- 4 Carport Spaces
- On-Street Parking
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
Utilities
- Wall Furnace
- Heating System Uses Gas
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $77,400
Community Details
Overview
Amenities
- Coin Laundry
Building Details
- 4 Leased Units
- Gardener Expense $500
- Insurance Expense $2,000
- Maintenance Expense $3,200
- Other Expense $1,500
- Utility Expense $3,853
- Trash Expense $405
- Operating Expense $28,273
- Gross Income $75,951
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2023
Sold by
Bought by
Purchase Details
Closed on
Nov 1, 2023
Sold by
Bought by
Purchase Details
Listed on
Jun 5, 2018
Closed on
Mar 26, 2019
Sold by
Bought by
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
John Davi
Davi Properties Group
List Price
$1,465,000
Sold Price
$1,342,500
Premium/Discount to List
-$122,500
-8.36%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in New Monterey, CA
-
Joe Gallagher
-
Dean Provence
Dean Provence
Responds QuicklySotheby’s International Realty
(831) 275-6442
71 Total Sales
9 in New Monterey
$402K - $1.6M Price Range
-
Regina Shaw
Regina Shaw
Intero Real Estate Services
(831) 273-3582
99 Total Sales
1 in New Monterey
$1,215,000 Price
-
Juan Chavarria
Juan Chavarria
Home Ranch Land Realty
(805) 262-8330
25 Total Sales
1 in New Monterey
$1,382,000 Price
-
Alecia Hull
Alecia Hull
Sotheby’s International Realty
(831) 220-3097
21 Total Sales
3 in New Monterey
$745K - $1.5M Price Range
-
Iris Tran
Iris Tran
Windermere Signature Properties Elk Grove
(279) 205-3711
72 Total Sales
1 in New Monterey
$1,080,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| -- | None Listed On Document | ||
| $1,342,000 | Chicago Title Company |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/01/2019 04/01/19 | Sold | $1,342,500 | -8.4% | $426 / Sq Ft |
| 01/29/2019 01/29/19 | Pending | -- | -- | -- |
| 01/14/2019 01/14/19 | For Sale | $1,465,000 | 0.0% | $465 / Sq Ft |
| 12/16/2018 12/16/18 | Pending | -- | -- | -- |
| 11/28/2018 11/28/18 | Price Changed | $1,465,000 | -2.0% | $465 / Sq Ft |
| 10/16/2018 10/16/18 | Price Changed | $1,495,000 | -2.0% | $475 / Sq Ft |
| 09/08/2018 09/08/18 | Price Changed | $1,525,000 | -4.0% | $484 / Sq Ft |
| 08/19/2018 08/19/18 | Price Changed | $1,589,000 | -5.1% | $505 / Sq Ft |
| 07/16/2018 07/16/18 | Price Changed | $1,675,000 | -2.9% | $532 / Sq Ft |
| 06/05/2018 06/05/18 | For Sale | $1,725,000 | -- | $548 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $17,694 | $1,528,329 | $512,020 | $1,016,309 |
| 2025 | $16,339 | $1,498,379 | $501,981 | $996,398 |
| 2024 | $16,339 | $1,468,216 | $492,139 | $976,077 |
| 2023 | $15,797 | $1,439,429 | $482,490 | $956,939 |
| 2022 | $15,581 | $1,411,206 | $473,030 | $938,176 |
| 2021 | $15,355 | $1,383,536 | $463,755 | $919,781 |
| 2020 | $14,777 | $1,370,150 | $459,000 | $911,150 |
| 2019 | $16,478 | $1,428,800 | $510,000 | $918,800 |
| 2018 | $15,821 | $1,400,800 | $500,000 | $900,800 |
| 2017 | $2,173 | $185,313 | $41,516 | $143,797 |
| 2016 | $2,137 | $181,696 | $40,702 | $140,994 |
| 2015 | $2,108 | $178,980 | $40,091 | $138,889 |
| 2014 | $2,073 | $175,491 | $39,306 | $136,185 |
Source: Public Records
Agents Affiliated with this Home
-
Hap Albers
Seller's Agent in 2019
Hap Albers
Albers Real Estate Investment Company
(408) 893-6002
1 in this area
45 Total Sales
-
John Davi
Buyer's Agent in 2019
John Davi
Davi Properties Group
(831) 646-9988
1 in this area
10 Total Sales
Map
Source: MLSListings
MLS Number: ML81708735
APN: 001-089-005
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