NOT LISTED FOR SALE

845 Wave St Monterey, CA 93940

New Monterey Neighborhood

Estimated Value: $3,333,830

5 Beds
6 Baths
2,998 Sq Ft
$1,112/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $2,400,000 $801 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $20,466/month

143 Days on Market

Highlights

  • Fireplace
  • Monterey High School Rated A
  • Forced Air Heating System

About This Home

As of October 2020

Welcome to the ideal 3-unit mixed-use Residential/Business complex to live, work and play in the heart of Cannery Row and a single block from the Aquarium. This property is styled with a modern touch, has ocean views, remodeled units, 3 garage spaces, and additional parking. It is in perfect proximity to historic Cannery Row, downtown Pacific Grove, Lovers Point, and the unforgettable Recreational trail. C2 zoning allows for an additional 5000 sq ft building. This comprehensive three-unit property contains two residential units including a one-bedroom loft and a picturesque four-bedroom home that sits above the commercial space. This is a great opportunity to live above your business or invest in a property with tremendous long-term appreciation. Digital tour and matterport available online at 845WAVE.COM

Last Agent to Sell the Property

C&C Real Estate Team

Better Homes And Gardens Real Estate By The Sea License #70010156 Listed on: 03/23/2020

Last Buyer's Agent

C&C Real Estate Team

Better Homes And Gardens Real Estate By The Sea License #70010156 Listed on: 03/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,616

Year Built

  • 1958

Lot Details

  • 5,502

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,998 Sq Ft Home
  • Fireplace

Additional Features

  • 5,502 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2,998 Sq Ft Building
  • 2 Leased Units

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,616

Year Built

1958

Lot Details

0

Parking

3

Listing Details

  • Zoning: C2
  • Subclass: Triplex
  • Age: 62
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2998
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1958

Interior Features

  • Living Sq Ft: 2998

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1263
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
Oct 16, 2020
Sold by
Pak Jung Ho
Bought by
Luxury Stays Llc
Seller's Agent
C&C Real Estate Team
Better Homes And Gardens Real Estate By The Sea
Buyer's Agent
C&C Real Estate Team
Better Homes And Gardens Real Estate By The Sea
List Price
$2,595,000
Sold Price
$2,400,000
Premium/Discount to List
-$195,000
-7.51%
Current Estimated Value
$3,333,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$933,830
Avg. Annual Appreciation
6.65%
Original Mortgage
$2,200,000
Outstanding Balance
$1,966,600
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$1,312,457

Purchase Details

Listed on
Jan 9, 2017
Closed on
Nov 21, 2017
Sold by
Horn Erica
Bought by
Pak Jung Ho
Seller's Agent
Kyle Morrison
Sotheby’s International Realty
Buyer's Agent
Kyle Chernetsky
Better Homes And Gardens Real Estate By The Sea
List Price
$3,090,000
Sold Price
$2,250,000
Premium/Discount to List
-$840,000
-27.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.26%
Original Mortgage
$1,650,000
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Jan 9, 2017
Closed on
Nov 15, 2017
Sold by
Jk Properties Lc
Bought by
Pak Jung Ho
Seller's Agent
Kyle Morrison
Sotheby’s International Realty
Buyer's Agent
Kyle Chernetsky
Better Homes And Gardens Real Estate By The Sea
List Price
$3,090,000
Sold Price
$2,250,000
Premium/Discount to List
-$840,000
-27.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
3.88%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 14, 2012
Sold by
Smith Haruko and The Smith Family Trust
Bought by
Jk Properties Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.35%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 28, 2004
Sold by
Smith Haruko and The Smith Family Trust B
Bought by
Smith Haruko and The Smith Family Trust

Purchase Details

Closed on
Oct 20, 1995
Sold by
Smith Bonnie and Smith Haruko
Bought by
Smith Haruko

Purchase Details

Closed on
Mar 13, 1995
Sold by
Washburn Rodney H and The Randolph Family Trust
Bought by
Smith Bonnie and Smith Haruko
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
Luxury Stays Llc $2,400,000 Orange Coast Ttl Co Of North
Pak Jung Ho -- Old Republic Title Company
Pak Jung Ho $2,250,000 Old Republic Title Company
Jk Properties Lc $1,800,000 Old Republic Title Company
Smith Haruko -- --
Smith Haruko -- --
Smith Bonnie $325,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luxury Stays Llc $500,000
Open Luxury Stays Llc $2,200,000
Previous Owner Pak Jung Ho $1,650,000
Previous Owner Jk Properties Lc $1,300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $2,400,000 -7.5% $801 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $2,595,000 +15.3% $866 / Sq Ft
12/01/2017 12/01/17 Sold $2,250,000 -27.2% $504 / Sq Ft
10/20/2017 10/20/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $3,090,000 +37.3% $692 / Sq Ft
09/28/2017 09/28/17 Off Market $2,250,000 -- --
06/28/2017 06/28/17 For Sale $3,090,000 +37.3% $692 / Sq Ft
06/28/2017 06/28/17 Off Market $2,250,000 -- --
01/09/2017 01/09/17 For Sale $3,090,000 -- $692 / 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 $27,616 $2,597,834 $1,298,917 $1,298,917
2024 $27,616 $2,546,898 $1,273,449 $1,273,449
2023 $27,287 $2,496,960 $1,248,480 $1,248,480
2022 $26,914 $2,448,000 $1,224,000 $1,224,000
2021 $26,524 $2,400,000 $1,200,000 $1,200,000
2020 $25,157 $2,340,900 $429,165 $1,911,735
2019 $26,410 $2,295,000 $420,750 $1,874,250
2018 $25,351 $2,250,000 $412,500 $1,837,500
2017 $20,368 $1,909,870 $636,623 $1,273,247
2016 $20,007 $1,872,423 $624,141 $1,248,282
2015 $19,723 $1,844,298 $614,766 $1,229,532
2014 $19,382 $1,808,172 $602,724 $1,205,448
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    C&C Real Estate Team

    Better Homes And Gardens Real Estate By The Sea

  • Kyle Morrison

    Seller's Agent in 2017

    Kyle Morrison

    Sotheby’s International Realty

    (831) 236-8909

    13 Total Sales

    Kyle Morrison
    Section Image

  • K

    Buyer's Agent in 2017

    Kyle Chernetsky

    Better Homes And Gardens Real Estate By The Sea

    (831) 372-1964

    3 Total Sales

    Kyle Chernetsky
    Section Image
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Map

Source: MLSListings

MLS Number: ML81805373

MLSListings

APN: 001-015-018-000

California Monterey County Monterey 93940 New Monterey

845 Wave St, Monterey, CA

This home is located at 845 Wave St, Monterey, CA 93940 since 23 March 2020 and is currently estimated at $3,333,830, approximately $1,112 per square foot. This property was built in 1958. 845 Wave St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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