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

Sale Details

Date 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

7,501 Sq Ft Lot

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

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

Listed on
Jan 24, 2023
Closed on
Feb 17, 2023
Sold by
Bought by
Seller's Agent
Pete Ruiz
Keller Williams, Inc.
Buyer's Agent
Joe Gallagher
Sotheby’s International Realty
List Price
$1,198,000
Sold Price
$1,193,000
Premium/Discount to List
-$5,000
-0.42%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$993,000
Interest Rate
0.0633%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 4, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 2002
Sold by
Bought by

Purchase Details

Closed on
Dec 27, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,193,000 Chicago Title
-- None Available
-- None Available
-- None Available
-- 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
Open $50,000
Open $675,000
Open $993,000
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
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

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
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

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