NOT LISTED FOR SALE

761 Sinex Ave Pacific Grove, CA 93950

Estimated Value: $1,194,000

2 Beds
2 Baths
1,237 Sq Ft
$965/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $850,000 $687 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,477/month

82 Days on Market

Highlights

  • Tile Flooring
  • Forest Grove Elementary School Rated A
  • 1-Story Property

About This Home

As of October 2022

761 Sinex Ave is a charming single level duplex in the heart of desirable Pacific Grove. These bright and inviting units are one bedroom/ one bath with an additional large walk-in closet and carport parking.

Last Agent to Sell the Property

The Debby Beck Group

Platinum One Real Estate License #70010203 Listed on: 07/01/2022

Last Buyer's Agent

The Debby Beck Group

Platinum One Real Estate License #70010203 Listed on: 07/01/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,366

Year Built

  • 1955

Lot Details

  • 4,199 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,237 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile

Parking

  • 1 Parking Space
  • 2 Carport Spaces

Utilities

  • Wall Furnace
  • Propane

Listing and Financial Details

  • Total Actual Rent $20,160

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $930
  • Utility Expense $876
  • Trash Expense $900
  • Operating Expense $3,401
  • Gross Income $20,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,366

Year Built

1955

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1237
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Living Sq Ft: 1237
  • Stories: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Covered Parking
  • Carport Min: 2

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.0964
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 45.50
  • Number Of Leased: 1

Multi Family

  • Utilities: Propane On Site
  • Expense Insurance: 930
  • Expenses Total: 3401
  • Expenses Utility: 876
  • Expense Trash: 900
  • Income Annual Gross: 20160.00
  • Income Annual Rental: 20160
  • Income Gross Scheduled: 20160
  • Income Includes: Parking
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Oct 13, 2022
Sold by
Jewart Randall
Bought by
761 Sinex Pacific Grove Llc
Seller's Agent
The Debby Beck Group
Platinum One Real Estate
Buyer's Agent
The Debby Beck Group
Platinum One Real Estate
List Price
$947,370
Sold Price
$850,000
Premium/Discount to List
-$97,370
-10.28%
Views
12
Current Estimated Value
$1,194,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,000
Avg. Annual Appreciation
17.16%

Purchase Details

Closed on
Nov 12, 2021
Sold by
Jean Favalora Norma
Bought by
Joseph N Favalora And Norma J Favalora Living and Favalora Norma J

Purchase Details

Closed on
Aug 27, 2001
Sold by
Favalora Norma J and Jewart Norma Jean
Bought by
Favalora Joseph N and Favalora Norma J
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
761 Sinex Pacific Grove Llc $1,700,000 Old Republic Title
Jewart Randall -- Old Republic Title
Joseph N Favalora And Norma J Favalora Living -- --
Favalora Joseph N -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $850,000 -7.3% $687 / Sq Ft
09/22/2022 09/22/22 Pending -- -- --
09/13/2022 09/13/22 Price Changed $917,370 -3.2% $742 / Sq Ft
08/19/2022 08/19/22 For Sale $947,370 0.0% $766 / Sq Ft
08/08/2022 08/08/22 Pending -- -- --
07/25/2022 07/25/22 Price Changed $947,370 -5.0% $766 / Sq Ft
07/01/2022 07/01/22 Price Changed $997,370 -99.9% $806 / Sq Ft
07/01/2022 07/01/22 For Sale $997,370,000 -- $806,281 / 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 $10,366 $986,340 $520,200 $466,140
2024 $10,366 $967,000 $510,000 $457,000
2023 $9,430 $950,000 $500,000 $450,000
2022 $698 $850,000 $500,000 $350,000
2021 $694 $50,680 $17,154 $33,526
2020 $682 $50,162 $16,979 $33,183
2019 $663 $49,180 $16,647 $32,533
2018 $655 $48,217 $16,321 $31,896
2017 $645 $47,272 $16,001 $31,271
2016 $645 $46,346 $15,688 $30,658
2015 $635 $45,651 $15,453 $30,198
2014 $623 $44,758 $15,151 $29,607
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81898670

MLSListings

APN: 006-641-072-000