NOT LISTED FOR SALE

988 Madison St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,208,000 - $1,449,000

3 Beds
2 Baths
1,716 Sq Ft
$794/Sq Ft Est. Value

Last Sold June 07, 2013

Last sale price $550,000 $321 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $8,051/month

175 Days on Market

Highlights

  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Contemporary Architecture
  • Monterey High School Rated A
  • Deck
  • Main Floor Bedroom

About This Home

As of June 2013

Quiet, wooded and secluded country living only minutes from downtown Monterey. The master bedroom suite with a gas log fireplace is located downstairs along with the laundry area and 2nd bedroom. Another fireplace greets you on the second floor with the living area, 3rd bedroom and kitchen bathed in sunlight through high windows near the cathedral ceilings; Brand new roof in Oct. 2012

Last Agent to Sell the Property

Joe Smith

Sotheby’s International Realty License #01335794 Listed on: 10/27/2012

Sotheby’s International Realty

Last Buyer's Agent

Joe Smith

Sotheby’s International Realty License #01335794 Listed on: 10/27/2012

Sotheby’s International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,255

Year Built

  • Built in 1986

Lot Details

  • Lot Sloped Down
  • Zoning described as R1

Parking

  • 1 Carport Space

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,716 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Vinyl Flooring

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 001-333-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,255

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Age: 27
  • Sale Price Per Sq Ft: 320.51
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 1716
  • Incorporated: Yes
  • Map Book Page: 1133
  • Map Side Coordinate: 2
  • Map Top Coordinate: H
  • Thomas Bros Page: 1133
  • Thomas Brothers: H2
  • Year Built: 1986
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Primary Bedroom, Gas Log, Yes
  • Dining Room: Dining Area in Living Room, Dining "L"
  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, 220 Volt Outlet
  • Living Sq Ft: 1716
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room
  • Flooring: Carpet - Wall to Wall, Vinyl / Linoleum
  • Maximum Bathrooms: 2
  • Maximum Numberof Bedrooms: 3
  • Minimum Bathrooms: 2
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • Yard/Grounds: Deck
  • Exterior: Wood

Garage/Parking

  • Carport Max: 1
  • Carport Min: 1

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s)

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 001-333-011
  • Lot Location: Cul-de-Sac
  • List Price per Sq Ft: 320.51
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4000.00
  • Lot Size Area Min Search: 4000.00
  • Maximum Lot Size: 4000.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2021
Sold by
Turner Kelly M Sheehan
Bought by
Sheehan Turner Kelly M and Sheehan Kelley M
Current Estimated Value
$1,360,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Outstanding Balance
$261,005
Interest Rate
2.1%
Mortgage Type
New Conventional
Estimated Equity
$1,098,045

Purchase Details

Closed on
May 1, 2019
Sold by
Sheehan Kelly M
Bought by
Revocab Sheehan Turner Kelly M and Revocab Kelly M Sheehan Turner

Purchase Details

Listed on
Oct 27, 2012
Closed on
Jun 1, 2013
Sold by
Cazanjian Rudolph S and Cazanjian Gloria M
Bought by
Sheehan Kelly M
Seller's Agent
Joe Smith
Sotheby’s International Realty
Buyer's Agent
Joe Smith
Sotheby’s International Realty
List Price
$630,000
Sold Price
$550,000
Premium/Discount to List
-$80,000
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.71%
Original Mortgage
$417,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Sheehan Turner Kelly M -- Fidelity National Title Co
Turner Kelly M Sheehan -- Fidelity National Title Co
Turner Kelly M Sheehan -- Fidelity National Title Co
Revocab Sheehan Turner Kelly M -- None Available
Sheehan Kelly M $550,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Kelly M Sheehan $333,000
Closed Sheehan Kelly M $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2013 06/07/13 Sold $550,000 0.0% $321 / Sq Ft
04/20/2013 04/20/13 Pending -- -- --
03/25/2013 03/25/13 Price Changed $550,000 -6.6% $321 / Sq Ft
03/03/2013 03/03/13 Price Changed $589,000 -3.4% $343 / Sq Ft
01/11/2013 01/11/13 Price Changed $610,000 -3.2% $355 / Sq Ft
10/27/2012 10/27/12 For Sale $630,000 -- $367 / 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 $7,255 $677,275 $246,282 $430,993
2024 $7,255 $663,996 $241,453 $422,543
2023 $7,067 $650,977 $236,719 $414,258
2022 $6,969 $638,214 $232,078 $406,136
2021 $6,866 $625,701 $227,528 $398,173
2020 $6,607 $619,286 $225,195 $394,091
2019 $6,946 $607,144 $220,780 $386,364
2018 $6,731 $595,240 $216,451 $378,789
2017 $6,235 $583,569 $212,207 $371,362
2016 $6,124 $572,128 $208,047 $364,081
2015 $6,037 $563,535 $204,922 $358,613
2014 $5,934 $552,497 $200,908 $351,589
Source: Public Records

Agents Affiliated with this Home

  • Joe Smith

    Seller's Agent in 2013

    Joe Smith

    Sotheby’s International Realty

    (831) 238-1984

    25 Total Sales

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Map

Source: MLSListings

MLS Number: ML81239215

MLSListings

APN: 001-333-011-000

California Monterey County Monterey 93940 Old Town

988 Madison St, Monterey, CA

This home is located at 988 Madison St, Monterey, CA 93940 since 27 October 2012 and is currently estimated at $1,362,500, approximately $793 per square foot. This property was built in 1986. 988 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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