NOT LISTED FOR SALE

Estimated Value: $6,496,000 - $7,485,000

5 Beds
5.5 Baths
6,759 Sq Ft
$1,060/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $5,233,500 $774 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $44,375/month

34 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • 2.75 Acre Lot
  • Monterey High School Rated A
  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom

About This Home

As of December 2020

Situated on one of Monterra's most exclusive streets, prepare to be captivated by the gracious and inviting architectural design and craftsmanship of this brand new French Normandy style estate. Upon entry, this home exudes warmth, grandeur and elegance and enjoys sweeping city and bay views throughout. The spacious well designed floor plan offers main level living, impressive soaring ceilings, formal living and dining rooms, private study/office and an exhibition kitchen with gorgeous quartz countertops, island and great room. New owners will luxuriate in a sumptuous master retreat with cozy sitting area, fireplace and a magnificent spa bath. Breathtaking views are framed from almost every room as multiple French doors connect to the outdoor spaces, covered patio and spacious deck. Additional amenities of this spectacular home include a second story guest suite with rooftop balcony, wine storage room, separate one bedroom one bath carriage house and two garages for 5 cars.

Last Agent to Sell the Property

Mike Jashinski

Sotheby’s International Realty License #01419985 Listed on: 10/07/2020

Sotheby’s International Realty

Last Buyer's Agent

Nancy Reagan

Nancy Reagan Realty License #01450599

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $59,474

Year Built

  • 2020

Lot Details

  • 2.75 Acre Lot
  • Gentle Sloping Lot

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 5 Car Detached Garage
  • Guest Parking

Property Views

  • Ocean
  • Bay
  • City Lights
  • Mountain
  • Hills
  • Forest
  • Garden

Home Design

  • Normandy Architecture
  • French Architecture
  • Wood Frame Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,759 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Fireplace
  • Double Pane Windows
  • Formal Entry
  • Family Room with Fireplace
  • 5 Fireplaces
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Bonus Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Bathroom on Main Level
  • Dual Sinks
  • Low Flow Toliet
  • Soaking Tub in Primary Bathroom
  • Bathtub with Shower
  • Oversized Bathtub in Primary Bathroom
  • Bathtub Includes Tile Surround
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Fireplace

Utilities

  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter
  • Septic Tank

Community Details

Overview

  • Association fees include common area electricity, common area gas, insurance - common area, maintenance - common area, maintenance - road, management fee, security service
  • Monterra Ranch HOA

Additional Features

  • Courtyard
  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$59,474

Year Built

2020

Lot Details

0

HOA Fees

$450 per month

Parking

5

Listing Details

  • Zoning: RDR
  • Subclass: Single Family Home
  • Style: French, Normandy
  • Listing Class: Residential
  • Structure Sq Ft: 6759
  • Construction: Completed-Never Occupied
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2020

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Family Room, Gas Burning, Gas Starter, Living Room, Primary Bedroom, Outside
  • Dining Room: Breakfast Bar, Eat In Kitchen, Formal Dining Room
  • Kitchen: Cooktop - Gas, Countertop - Quartz, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Ice Maker, Island With Sink, Microwave, Oven - Double, Pantry, Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 6759
  • Stories: 2
  • Security: Security Gate With Guard
  • Bedrooms: Ground Floor Bedroom, Primary Bedroom On Ground Floor, Primary Suite / Retreat, More Than One Bedroom On Ground Floor, Walk-In Closet
  • Laundry: In Utility Room, Washer / Dryer
  • Flooring: Tile, Wood
  • Additional Rooms: Bonus / Hobby Room, Den / Study / Office, Formal Entry, Great Room, Laundry Room
  • Fireplaces Min: 5
  • Maximum Numberof Bedrooms: 5
  • Minimum Numberof Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Bathroom: Double Sinks, Full On Ground Floor, Half On Ground Floor, Primary - Oversized Tub, Primary - Stall Shower(s), Shower Over Tub - 1, Stall Shower - 2+, Tile, Tub In Primary Bedroom

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Concrete
  • View: Bay, City Lights, Forest / Woods, Garden / Greenbelt, Hills, Mountains, Ocean, Water
  • Yard/Grounds: Balcony / Patio, Courtyard, Deck, Outdoor Fireplace
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 5
  • Parking Spaces: 9
  • Garage Max: 5
  • Garage Min: 5
  • Garage Parking Features: Attached Garage, Detached Garage, Guest / Visitor Parking, Parking Area, Room For Oversized Vehicle

Utilities

  • Heating System: Radiant Floors
  • Sewer/Septic System: Septic Connected

Condo/Co-op/Association

  • Complex Name: Monterra Ranch HOA
  • HOA Fees: 450
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Insurance - Common Area, Maintenance - Common Area, Maintenance - Road, Management Fee, Security Service
  • HOA Exist: Yes
  • H O A Name Text: Monterra Ranch HOA

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Gently Sloped
  • Lot Acres: 2.7500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 119790.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 119790.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 12, 2022
Sold by
Richard D Macdonald Family Partnership
Bought by
Macdonald Richard
Current Estimated Value
$7,165,850

Purchase Details

Closed on
Apr 16, 2021
Sold by
Macdonald Richard Dawson
Bought by
Macdonald Richard D and Richard D Macdonald Family Par

Purchase Details

Listed on
Oct 7, 2020
Closed on
Dec 10, 2020
Sold by
Diversyfund Monterey Llc
Bought by
Macdonald Richard Dawson
Seller's Agent
Mike Jashinski
Sotheby’s International Realty
Buyer's Agent
Nancy Reagan
Nancy Reagan Realty
List Price
$5,875,000
Sold Price
$5,233,500
Premium/Discount to List
-$641,500
-10.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.45%
Original Mortgage
$2,900,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 13, 2015
Sold by
Shook Steve Wayne and Shook Natalie
Bought by
Shook Family Trust

Purchase Details

Closed on
Sep 27, 2004
Sold by
Monterra Ranch Properties Llc
Bought by
Shook Steve W and Shook Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.77%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Macdonald Richard -- --
Macdonald Richard D -- None Available
Macdonald Richard Dawson $5,233,500 Chicago Title Company
Shook Family Trust -- None Available
Shook Steve Wayne -- None Available
Shook Steve W $1,250,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macdonald Richard Dawson $2,900,000
Previous Owner Diversyfund Monterey Llc $3,340,000
Previous Owner Diversyfund Monterey Llc $409,037
Previous Owner Collectively Deovrsy Fund Monterey Llc $250,000
Previous Owner Diversyfund Monterey Llc $2,059,050
Previous Owner Diversyfund Monterey Llc $300,000
Previous Owner Shook Steve W $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $5,233,500 -10.9% $774 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $5,875,000 0.0% $869 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $5,875,000 +370.0% $869 / Sq Ft
10/18/2016 10/18/16 Sold $1,250,000 -3.7% --
08/03/2016 08/03/16 Pending -- -- --
02/23/2016 02/23/16 For Sale $1,298,000 -- --
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 $59,474 $5,664,907 $865,945 $4,798,962
2024 $59,474 $5,553,831 $848,966 $4,704,865
2023 $58,872 $5,444,933 $832,320 $4,612,613
2022 $58,059 $5,338,170 $816,000 $4,522,170
2021 $57,211 $5,233,500 $800,000 $4,433,500
2020 $30,744 $2,892,432 $1,082,432 $1,810,000
2019 $25,987 $2,281,208 $1,061,208 $1,220,000
2018 $22,459 $2,014,100 $1,040,400 $973,700
2017 $13,748 $1,305,000 $1,020,000 $285,000
2016 $11,512 $1,090,400 $900,000 $190,400
2015 -- $1,090,400 $900,000 $190,400
2014 -- $1,090,400 $900,000 $190,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81814593

MLSListings

APN: 259-161-011-000