NOT LISTED FOR SALE

Estimated Value: $1,555,500

5 Beds
4 Baths
2,350 Sq Ft
$662/Sq Ft Est. Value

Last Sold April 17, 2012

Last sale price $525,000 $223 Per Sq Ft

Est. 196% increase in value since last sale

Current estimated payment $8,711/month

13 Days on Market

Highlights

  • Ocean View
  • Deck
  • Tile Flooring
  • Monterey High School Rated A
  • Skylights
  • Forced Air Heating System

About This Home

As of April 2012

LARGE DUPLEX IN A GREAT NEIGHBORHOOD;FRESH NEW INTERIOR PAINT;;NEW CARPETS THROUGH OUT;ONE CAR GARAGE FOR REAR UNIT WITH ALLEY ACCESS;INSIDE LAUNDRY HOOK UP FOR BOTH UNITS;EACH UNIT WITH BACK YARD;REAR UNIT HAS UPGRADED KITCHEN AND BATHS.BOTH UNITS WITH SKY LIGHTS.FRONT UNIT HAS PEAK OF THE OCEAN;BUYERS TO VERIFY LIVING SQUARE FEET FOR BOTH UNITS;

Last Agent to Sell the Property

Luciano Pinheiro

Intero Real Estate Services License #00959659 Listed on: 02/09/2012

Intero Real Estate Services

Last Buyer's Agent

Luciano Pinheiro

Intero Real Estate Services License #00959659 Listed on: 02/09/2012

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Lot Details

  • 5,053

Property Views

  • Ocean
  • Neighborhood

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,350 Sq Ft Home
  • Skylights
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Parking

  • Private Parking
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck

Listing and Financial Details

  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 2,350 Sq Ft Building

Building Details

  • Insurance Expense $1,200
  • Operating Expense $4,051

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 223.40
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2350
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2350
  • Laundry: 220 Volt Outlet, Gas Hookup, Laundry Area - In Unit
  • Flooring: Tile, Laminate, Carpet - Wall To Wall, Carpet

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Tar And Gravel, Composition
  • View: Local/Neighborhood, Ocean
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Street, Spaces Per Unit - <1

Utilities

  • Heating System: Central Forced Air, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5044.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5044.00
  • Lot Size Area Min Search: 5044.00
  • Maximum Lot Size: 5044.00

Green Features

  • Energy Features: Skylight, Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month

Multi Family

  • Expense Insurance: 1200
  • Expenses Total: 4051
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Miscellaneous/Other
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2020
Sold by
Irani Maryam Guita
Bought by
Irani Maryam Guita and Irani Living Trust
Current Estimated Value
$1,555,500

Purchase Details

Listed on
Feb 9, 2012
Closed on
Mar 13, 2012
Sold by
Wells Fargo Bank Na
Bought by
Irani Maryam Guita
Seller's Agent
Luciano Pinheiro
Intero Real Estate Services
Buyer's Agent
Luciano Pinheiro
Intero Real Estate Services
List Price
$539,900
Sold Price
$525,000
Premium/Discount to List
-$14,900
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$339,500
Outstanding Balance
$233,101
Interest Rate
3.86%
Mortgage Type
Seller Take Back
Estimated Equity
$1,852,899

Purchase Details

Closed on
Jan 11, 2012
Sold by
Obaidi Emad I
Bought by
Wells Fargo Bank Na and Wachovia Mortgage

Purchase Details

Closed on
Feb 18, 1998
Sold by
Maheras Arthur J and Maheras Sophia A
Bought by
Obaidi Emad I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.11%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Irani Maryam Guita -- None Available
Irani Maryam Guita $525,000 Chicago Title Company
Wells Fargo Bank Na $455,046 None Available
Obaidi Emad I $140,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irani Maryam Guita $339,500
Previous Owner Obaidi Emad I $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2012 04/17/12 Sold $525,000 -2.8% $223 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
02/09/2012 02/09/12 For Sale $539,900 -- $230 / 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 $6,749 $609,177 $251,206 $357,971
2024 $6,749 $597,233 $246,281 $350,952
2023 $6,530 $585,523 $241,452 $344,071
2022 $6,441 $574,043 $236,718 $337,325
2021 $6,348 $562,788 $232,077 $330,711
2020 $6,038 $557,018 $229,698 $327,320
2019 $6,325 $546,097 $225,195 $320,902
2018 $6,078 $535,390 $220,780 $314,610
2017 $5,635 $524,893 $216,451 $308,442
2016 $5,534 $514,602 $212,207 $302,395
2015 $5,455 $506,873 $209,020 $297,853
2014 $5,362 $496,945 $204,926 $292,019
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81205128

MLSListings

APN: 001-121-005-000