NOT LISTED FOR SALE

Estimated Value: $4,373,000 - $5,738,000

2.74 Acres
$1,858,027 Price per Acre
119,354 Sq Ft Lot

Last Sold January 13, 2021

Last sale price $610,000

Est. 735% increase in value since last sale

Current estimated payment $30,369/month

764 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • 2.74 Acre Lot
  • Monterey High School Rated A
  • Fitness Center
  • Clubhouse

About This Lot

As of January 2021

Come to Monterey and create your own space beyond the fog surrounded by nature. This special 2.7 acre Monterra home site enjoys a promontory feel, inspiring vistas and a building envelope surrounded by ancient oaks. Graced with sparkling views of the Monterey Bay, you will appreciate the private knoll on which you can build a home. Your home. Your sanctuary. Conveniently located just minutes to award winning restaurants and wineries, Carmel-by-the-Sea culture, dining, shopping and beaches, hiking and biking trails, world famous golf courses and aquarium, Laguna Seca Raceway and the Monterey Municipal Airport. Close to everything, yet worlds away.

Last Agent to Sell the Property

Mike Jashinski

Sotheby’s International Realty License #01419985 Listed on: 10/08/2018

Sotheby’s International Realty

Last Buyer's Agent

Ben Zoller

Monterey Coast Realty License #01967810

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,090

Lot Details

  • 2.74 Acre Lot
  • Lot Has A Rolling Slope

Property Views

  • Ocean
  • City Lights
  • Mountain
  • Hills

Utilities

  • Gas Available at Street

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$24,090

Lot Details

0

Listing Details

  • Zoning: R1
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Development Status: Architectural Review Committee, Design Review Required, Final Map Approved, May Not Be Subdivided, Recorded Parcel Map
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City, City Lights, Hills, Mountains, Ocean, Water

Condo/Co-op/Association

  • HOA Fees: 450
  • HOA Amenities: Club House, Community Pool, Golf Course, Gym / Exercise Facility, Tennis Court / Facility
  • Association Fees Include: Insurance - Common Area, Maintenance - Common Area, Management Fee, Reserves, Security Service
  • HOA Exist: Yes
  • H O A Name Text: Monterra Ranch HOA

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Rolling
  • Lot Acres: 2.7400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 119354.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 119354.00
  • Parcel Access: Paved Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2018
Closed on
Dec 28, 2020
Sold by
Lee Christian and Lee Sylvia
Bought by
Ramsayer Lee R and Ramsayer Bianca Nicole
Seller's Agent
Mike Jashinski
Sotheby’s International Realty
Buyer's Agent
Ben Zoller
Monterey Coast Realty
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%
Total Days on Market
764
Current Estimated Value
$5,090,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,480,995
Avg. Annual Appreciation
60.63%

Purchase Details

Listed on
Aug 21, 2014
Closed on
Nov 3, 2016
Sold by
Coast Capital Income Fund Llc
Bought by
Lee Christian and Lee Sylvia
Seller's Agent
Mike Jashinski
Sotheby’s International Realty
Buyer's Agent
Mike Jashinski
Sotheby’s International Realty
List Price
$495,000
Sold Price
$400,000
Premium/Discount to List
-$95,000
-19.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.62%

Purchase Details

Closed on
Dec 15, 2008
Sold by
Monterra Ranch Properties Llc
Bought by
Coast Capital Income Fund Llc
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
Ramsayer Lee R $610,000 Chicago Title Company
Lee Christian $400,000 Chicago Title Company
Coast Capital Income Fund Llc $697,593 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsayer Joint Revocable Trust $300,000
Previous Owner Monterra Ranch Properties Llc $3,646,116
Previous Owner Monterra Ranch Properties Llc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2021 01/13/21 Sold $610,000 -2.4% --
11/11/2020 11/11/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $625,000 -3.8% --
09/05/2020 09/05/20 Pending -- -- --
10/08/2018 10/08/18 For Sale $650,000 +62.5% --
11/10/2016 11/10/16 Sold $400,000 -19.2% --
09/26/2016 09/26/16 Pending -- -- --
08/21/2014 08/21/14 For Sale $495,000 -- --
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
2024 $24,090 $2,677,336 $647,336 $2,030,000
2023 $22,430 $2,234,644 $634,644 $1,600,000
2022 $6,782 $2,072,200 $622,200 $1,450,000
2021 $4,704 $610,000 $610,000 $0
2020 $4,525 $424,483 $424,483 $0
2019 $4,753 $416,160 $416,160 $0
2018 $4,561 $408,000 $408,000 $0
2017 $4,221 $400,000 $400,000 $0
2016 $6,596 $625,000 $625,000 $0
2015 $5,283 $500,000 $500,000 $0
2014 $5,294 $500,000 $500,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81778898

MLSListings

APN: 259-211-008-000