NOT LISTED FOR SALE

877 Madison St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,313,000 - $2,201,000

3 Beds
3 Baths
2,078 Sq Ft
$864/Sq Ft Est. Value

Last Sold June 16, 2016

Last sale price $869,000 $418 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $10,417/month

287 Days on Market

Highlights

  • 0.48 Acre Lot
  • 3 Fireplaces
  • Forced Air Heating System
  • Monterey High School Rated A
  • Formal Dining Room
  • Washer and Dryer

About This Home

As of June 2016

Fantastic Victorian style cottage in downtown Monterey. Very private, 1/2 acre lot. LOTS of sun. Upstairs has 2 beds and 2 baths. Downstairs has 1 bed, 1 bath and is currently rented. Downstairs has separate entrance and can very easily be rented to owners upstairs. Fantastic Seller Financing is available.

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #01974535 Listed on: 06/25/2015

KW Coastal Estates

Last Buyer's Agent

Kimberly Stuhler

Coldwell Banker Realty License #01388160

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,263

Year Built

  • Built in 1915

Lot Details

  • 0.48

Parking

  • 1 Car Garage

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,078 Sq Ft Home
  • 1-Story Property
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Formal Dining Room
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 0.48 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 001-407-002-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,263

Year Built

Built in 1915

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Age: 100
  • Listing Class: Residential
  • Structure Sq Ft: 2078
  • Year Built: 1915
  • Zoning Description: Res
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Wood Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2078
  • Stories: 1
  • Laundry: Washer / Dryer
  • Fireplaces Min: 3
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1
  • Garage Parking Features: Common Parking Area

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 001-407-002-000
  • Lot Acres: 0.4800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20908.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20908.80

Multi Family

  • Utilities: Public Utilities

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Blanton Benjamin Lee and Blanton Kismet Christina
Bought by
Kbb Management Llc
Current Estimated Value
$1,794,723

Purchase Details

Listed on
Jun 25, 2015
Closed on
Jun 12, 2016
Sold by
Dwyer William M
Bought by
Blanton Benjamin L and Blanton Kismet C
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Kimberly Stuhler
Coldwell Banker Realty
List Price
$895,000
Sold Price
$869,000
Premium/Discount to List
-$26,000
-2.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%
Original Mortgage
$100,000
Interest Rate
3.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 6, 2013
Closed on
Jun 3, 2013
Sold by
Dwyer William M
Bought by
Dwyer William M and William M Dwyer Revocable Trust
Seller's Agent
Geary Engles
First City Real Estate, Inc.
Buyer's Agent
Jason Montgomery
Monterey Peninsula Properties
List Price
$595,000
Sold Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Original Mortgage
$320,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2013
Closed on
May 31, 2013
Sold by
Martelli Chris A
Bought by
Dwyer William M
Seller's Agent
Geary Engles
First City Real Estate, Inc.
Buyer's Agent
Jason Montgomery
Monterey Peninsula Properties
List Price
$595,000
Sold Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 26, 2013
Sold by
Martelli Chris A
Bought by
Martelli Chris A

Purchase Details

Closed on
Sep 29, 2005
Sold by
Martelli Leroy B
Bought by
Martelli Leroy B and Trust A

Purchase Details

Closed on
Jan 19, 2002
Sold by
Martelli Leroy B
Bought by
Martelli Leroy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,000
Interest Rate
7.15%

Purchase Details

Closed on
Aug 21, 2000
Sold by
Martelli Leroy B
Bought by
Martelli Leroy B and Martelli Family Trust A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.16%

Purchase Details

Closed on
Aug 11, 2000
Sold by
Martelli Leroy B
Bought by
Martelli Leroy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.16%
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
Kbb Management Llc -- None Listed On Document
Blanton Benjamin L $869,000 Chicago Title Company
Dwyer William M -- First American Title Company
Dwyer William M $595,000 First American Title Company
Martelli Chris A -- None Available
Martelli Leroy B -- Old Republic Title Company
Martelli Leroy B -- --
Martelli Leroy B -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blanton Benjamin L $1,499,100
Previous Owner Blanton Kismet C $156,000
Previous Owner Blanton Benjamin L $100,000
Previous Owner Blanton Benjamin L $659,390
Previous Owner Dwyer William M $320,000
Previous Owner Martelli Leroy B $200,000
Previous Owner Martelli Leroy B $253,000
Previous Owner Martelli Leroy B $252,700
Previous Owner Martelli Leroy B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2016 06/16/16 Sold $869,000 0.0% $418 / Sq Ft
04/07/2016 04/07/16 Pending -- -- --
02/29/2016 02/29/16 Price Changed $869,000 -2.9% $418 / Sq Ft
01/13/2016 01/13/16 For Sale $895,000 0.0% $431 / Sq Ft
01/13/2016 01/13/16 Price Changed $895,000 -3.2% $431 / Sq Ft
12/31/2015 12/31/15 Pending -- -- --
12/15/2015 12/15/15 For Sale $925,000 0.0% $445 / Sq Ft
11/15/2015 11/15/15 Pending -- -- --
06/25/2015 06/25/15 For Sale $925,000 +55.5% $445 / Sq Ft
06/07/2013 06/07/13 Sold $595,000 0.0% $286 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
05/06/2013 05/06/13 For Sale $595,000 -- $286 / 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 $11,263 $1,059,255 $464,232 $595,023
2024 $11,263 $1,038,486 $455,130 $583,356
2023 $11,075 $1,018,124 $446,206 $571,918
2022 $10,922 $998,161 $437,457 $560,704
2021 $10,762 $978,590 $428,880 $549,710
2020 $10,356 $968,557 $424,483 $544,074
2019 $10,867 $949,566 $416,160 $533,406
2018 $10,135 $904,380 $408,000 $496,380
2017 $9,384 $886,380 $408,000 $478,380
2016 $6,658 $618,937 $286,063 $332,874
2015 $6,921 $609,641 $281,767 $327,874
2014 $6,452 $597,700 $276,248 $321,452
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Pete Ruiz

    KW Coastal Estates

    Section Image
  • Kimberly Stuhler

    Buyer's Agent in 2016

    Kimberly Stuhler

    Coldwell Banker Realty

    (831) 238-5793

    1 in this area

    8 Total Sales

    Kimberly Stuhler
    Section Image

  • G

    Seller's Agent in 2013

    Geary Engles

    First City Real Estate, Inc.

    (831) 656-1214

    9 Total Sales

    Geary Engles
    Section Image

  • J

    Buyer's Agent in 2013

    Jason Montgomery

    Monterey Peninsula Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81516724

MLSListings

APN: 001-407-002-000

California Monterey County Monterey 93940 Old Town

877 Madison St, Monterey, CA

This home is located at 877 Madison St, Monterey, CA 93940 since 25 June 2015 and is currently estimated at $1,794,723, approximately $863 per square foot. This property was built in 1915. 877 Madison 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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