NOT LISTED FOR SALE
3 Beds
2 Baths
1,278 Sq Ft
7,501 Sq Ft Lot

Last Sold February 28, 2023

Last sale price $1,193,000 $933 Per Sq Ft

22 Days on Market

Highlights

  • Forced Air Heating System
  • Monterey High School Rated A
  • 1-Story Property

About This Home

As of February 2023

Nestled in the heart of New Monterey you will find 851 and 851 1/2 Cypress St. The main house is a turnkey, 2 bed/1 bath with peeks of the ocean from the living room, laminate flooring throughout, double pane windows, and sliders in the primary bedroom that lead to a private deck and backyard. The charming and permitted ADU is a 1 bed/1 bath with a private entrance and gate. Conveniently located just a short stroll away from shopping, restaurants, recreation, and all the amenities Monterey has to offer, this home is a must-see!

Last Agent to Sell the Property

Pete Ruiz

Keller Williams, Inc. License #70010112 Listed on: 01/24/2023

Keller Williams, Inc.

Last Buyer's Agent

Joe Gallagher

Sotheby’s International Realty License #01962982

Property Details

Home Type

  • Multi-Family

Year Built

  • 1933

Lot Details

  • 7,501

Home Design

  • Duplex
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,278 Sq Ft Home
  • 1-Story Property

Parking

  • No Garage
  • On-Street Parking

Additional Features

  • 7,501 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $5,450

Community Details

Overview

Building Details

  • Operating Expense $819,161
  • Gross Income $5,450

Property Details

Home Type

Multi-Family

Year Built

1933

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1278
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1933

Interior Features

  • Living Sq Ft: 1278
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: No Garage, On Street, Parking Area

Utilities

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

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 219.82

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 819161
  • Income Annual Gross: 5450.00
  • Income Annual Rental: 5450
  • Income Gross Scheduled: 5450
  • Income Includes: Rents
  • Meters: Separate Gas
  • Number Of Buildings: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $1,193,000 -0.4% $933 / Sq Ft
02/15/2023 02/15/23 Pending -- -- --
01/24/2023 01/24/23 For Sale $1,198,000 -- $937 / 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 $13,314 $1,241,197 $728,280 $512,917
2024 $13,314 $1,216,860 $714,000 $502,860
2023 $9,200 $1,193,000 $700,000 $493,000
2022 $9,073 $819,161 $491,060 $328,101
2021 $8,536 $766,000 $459,000 $307,000
2020 $8,235 $760,000 $456,000 $304,000
2019 $7,529 $648,000 $388,000 $260,000
2018 $8,320 $733,000 $439,000 $294,000
2017 $7,818 $729,000 $456,000 $273,000
2016 $6,672 $619,000 $387,000 $232,000
2015 $6,159 $570,000 $356,000 $214,000
2014 $817 $62,425 $23,894 $38,531
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81918981

MLSListings

APN: 001-139-005