NOT LISTED FOR SALE

988 Paloma Rd Monterey, CA 93940

Del Ray Terrace Neighborhood

Estimated Value: $881,000 - $1,003,000

2 Beds
1 Bath
1,061 Sq Ft
$869/Sq Ft Est. Value

Last Sold November 11, 2014

Last sale price $390,000 $368 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $5,714/month

10 Days on Market

Highlights

  • Living Room with Fireplace
  • Bonus Room
  • Eat-In Kitchen
  • Monterey High School Rated A
  • Solarium
  • 3-minute walk to Del Rey Park

About This Home

As of November 2014

Sun Belt Del Rey Oaks, orinally was three bedrooms, Seller has converted to two large bedrooms. All the work has been done with permit according to Seller. Solaruim maybe use as formal dining room. Corian counter top. Stove and Oven will not convey with purchase. This is a Short Sale, Buyer to all the inspections. No request of repairs or the reports.

Last Agent to Sell the Property

Young Seon Myong

Keller Williams Realty License #01004504 Listed on: 08/12/2014

Keller Williams Realty

Last Buyer's Agent

William Smith

Coldwell Banker Realty License #01064866

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,011

Year Built

  • Built in 1951

Lot Details

  • 6,186

Parking

  • 1 Car Garage

Home Design

  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,061 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Bonus Room
  • Solarium
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 012-542-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,011

Year Built

Built in 1951

Lot Details

0

Parking

1

Listing Details

  • Subclass: Single Family Home
  • Style: Ranch
  • Age: 63
  • Sale Price Per Sq Ft: 367.58
  • Listing Class: Residential
  • Structure Sq Ft: 1061
  • Incorporated: Yes
  • Map Book Page: 82
  • Map Side Coordinate: 5
  • Map Top Coordinate: A
  • Thomas Bros Page: 82
  • Thomas Brothers: A5
  • Year Built: 1951
  • Zoning Description: R-1
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Wood Burning, Yes
  • Dining Room: No Formal Dining Room, Eat in Kitchen
  • Kitchen: Garbage Disposal
  • Living Sq Ft: 1061
  • Stories: 1
  • Laundry: In Garage, 220 Volt Outlet
  • Flooring: Hardwood - Partial, Tile, Laminate
  • Additional Rooms: Bonus / Hobby Room, Solarium
  • Maximum Bathrooms: 1
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 1
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Concrete Perimeter and Slab
  • Pool Description: Pool - No
  • Roof: Tar and Gravel

Garage/Parking

  • Garage Spaces: 1
  • Garage Max: 1
  • Garage Min: 1

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Parcel Number: 012-542-013
  • List Price per Sq Ft: 394.91
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6200.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6200.00
  • Lot Size Area Min Search: 6200.00
  • Maximum Lot Size: 6200.00
  • Map Book: Thomas Bros

Multi Family

  • Maximum Building Height: 1
  • Minimum Building Height: 1

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2023
Sold by
Levi Martin S
Bought by
Martin Levi Living Trust and Levi
Current Estimated Value
$921,532

Purchase Details

Closed on
Dec 5, 2017
Sold by
Cape Fuschia 1031 Llc
Bought by
Levi Martin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,975
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2017
Sold by
Avila Nicholas W and Avila Brittany J
Bought by
Cape Fushia 1031 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$579,975
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 12, 2014
Closed on
Oct 31, 2014
Sold by
Cusimano Thomas C and Brewster Cusimano Iris
Bought by
Avila Nicholas W and Avila Brittany J
Seller's Agent
Young Seon Myong
Keller Williams Realty
Buyer's Agent
William Smith
Coldwell Banker Realty
List Price
$419,000
Sold Price
$390,000
Premium/Discount to List
-$29,000
-6.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.29%
Original Mortgage
$312,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2006
Sold by
Cusimano Thomas C and Brewster Cusimano Iris
Bought by
Cusimano Thomas C and Brewster Cusimano Iris

Purchase Details

Closed on
Apr 19, 1994
Sold by
Small Laird and Gallagher Small Honor
Bought by
Cusimano Thomas C and Brewster Cusimano Dusty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,950
Interest Rate
4.87%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Martin Levi Living Trust -- None Listed On Document
Levi Martin S $600,000 Chicago Title Company
Cape Fushia 1031 Llc $600,000 Chicago Title Company
Avila Nicholas W $390,000 Old Republic Title Company
Cusimano Thomas C -- None Available
Cusimano Thomas C -- None Available
Cusimano Thomas C $225,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Levi Martin S $548,000
Previous Owner Levi Martin S $496,000
Previous Owner Levi Martin S $498,750
Previous Owner Levi Martin S $750,711
Previous Owner Levi Martin S $579,975
Previous Owner Avila Nicholas W $393,750
Previous Owner Avila Nicholas W $312,000
Previous Owner Cusimano Thomas C $382,000
Previous Owner Cusimano Thomas C $315,000
Previous Owner Cusimano Thomas C $275,000
Previous Owner Cusimano Thomas C $25,000
Previous Owner Cusimano Thomas C $215,000
Previous Owner Cusimano Thomas C $202,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2014 11/11/14 Sold $390,000 -6.9% $368 / Sq Ft
08/22/2014 08/22/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $419,000 -- $395 / 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 $8,011 $739,997 $483,574 $256,423
2024 $8,011 $725,489 $474,093 $251,396
2023 $7,697 $711,265 $464,798 $246,467
2022 $7,997 $675,320 $455,685 $219,635
2021 $6,900 $630,706 $446,750 $183,956
2020 $6,638 $624,240 $442,170 $182,070
2019 $6,964 $612,000 $433,500 $178,500
2018 $6,763 $600,000 $425,000 $175,000
2017 $4,326 $403,865 $310,666 $93,199
2016 $4,249 $395,947 $304,575 $91,372
2015 $4,188 $390,000 $300,000 $90,000
2014 $3,409 $315,262 $166,068 $149,194
Source: Public Records

Agents Affiliated with this Home

  • Y

    Seller's Agent in 2014

    Young Seon Myong

    Keller Williams Realty

    Section Image
  • William Smith

    Buyer's Agent in 2014

    William Smith

    Coldwell Banker Realty

    (831) 250-3246

    52 Total Sales

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81429567

MLSListings

APN: 012-542-013-000

California Monterey County Monterey 93940 Del Ray Terrace

988 Paloma Rd, Monterey, CA

This home is located at 988 Paloma Rd, Monterey, CA 93940 since 12 August 2014 and is currently estimated at $921,712, approximately $868 per square foot. This property was built in 1951. 988 Paloma Rd is a home located in Monterey County with nearby schools including Foothill Elementary School, Monte Vista Elementary School, and Monterey High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes