NOT LISTED FOR SALE
4 Beds
2 Baths
1,618 Sq Ft
3,925 Sq Ft Lot

Sale Details

Date Sold: August 2, 2019

Last sale price $725,000 $448 Per Sq Ft

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Carpet
  • 1-Story Property
  • Monterey High School Rated A

About This Home

As of August 2019

Monterey duplex close to DLI, located in quiet, wooded area near bus-line, shopping and restaurants. Each unit has 2 bedrooms, 1 bath, garage, yard, laundry hook-ups and peek of the ocean. Lots of light from the many windows takes advantage of this sunny spot on the hill. Property has been well-maintained and consistently rented. New roof, new sewer lateral. Property is self managed by owner

Last Agent to Sell the Property

Victor Lourenco

Shankle Real Estate License #00522462 Listed on: 05/14/2019

Last Buyer's Agent

Monterey Peninsula Home Team

KW Coastal Estates License #01715978

KW Coastal Estates
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 3,925

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,618 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 3,925 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $32,750

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $356
  • Insurance Expense $640
  • Maintenance Expense $1,974
  • Utility Expense $960
  • Trash Expense $700
  • Operating Expense $8,174
  • Gross Income $31,768

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

3,925 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-4
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1618
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 1618
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Acres: 0.0901
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3926.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3926.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 25.19
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 640
  • Expense Landscape: 356
  • Expense Maintenance: 1974
  • Expenses Total: 8174
  • Expenses Utility: 960
  • Expense Trash: 700
  • Income Annual Gross: 31768.00
  • Income Annual Rental: 32750
  • Income Gross Scheduled: 32750
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
Jun 21, 2022
Sold by
Bought by

Purchase Details

Listed on
May 14, 2019
Closed on
Jul 22, 2019
Sold by
Bought by
Seller's Agent
Victor Lourenco
Shankle Real Estate
Buyer's Agent
Monterey Peninsula Home Team
KW Coastal Estates
List Price
$825,000
Sold Price
$725,000
Premium/Discount to List
-$100,000
-12.12%

Purchase Details

Closed on
Aug 26, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- --
$725,000 Old Republic Title Company
-- None Available
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $103,000
Previous Owner $102,000
Previous Owner $155,400
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
08/02/2019 08/02/19 Sold $725,000 -12.1% $448 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/14/2019 05/14/19 For Sale $825,000 -- $510 / 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 $9,381 $808,745 $557,756 $250,989
2025 $8,666 $792,888 $546,820 $246,068
2024 $8,666 $777,343 $536,099 $241,244
2023 $8,387 $762,102 $525,588 $236,514
2022 $8,272 $747,160 $515,283 $231,877
2021 $8,153 $732,511 $505,180 $227,331
2020 $7,846 $725,000 $500,000 $225,000
2019 $3,973 $336,429 $151,393 $185,036
2018 $3,820 $329,833 $148,425 $181,408
2017 $3,545 $323,366 $145,515 $177,851
2016 $3,483 $317,026 $142,662 $174,364
2015 $3,434 $312,265 $140,520 $171,745
2014 $3,380 $306,149 $137,768 $168,381
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81751828

MLSListings

APN: 001-183-010

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