277 Van Buren Street, Monterey CA, 93940
(Active)
$1,395,000
|
5 beds, 3 Full baths, 2,100 sqft
|
MLS# ML81955742
Last Updated: 5/5/2024 5:28 AM
Description for
277 Van Buren Street
Monterey, CA 93940
Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. Off kitchen rooms potential can be combined into a third bedroom with ocean views. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment. There may be enough water credits to construct an ADU on the site.
Price
$1,395,000
Monterey
5
3 Full
2,100 (approx)
ML81955742
Active
Description
Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. Off kitchen rooms potential can be combined into a third bedroom with ocean views. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment. There may be enough water credits to construct an ADU on the site.
Listing Information
| Property Type: Single Family, Traditional, 2 Story | ||
| 5 | 3 Full | |
| 0.09 Acres | Assessor | 2,100 (approx) |
| 1944 | Yes-1 space | 2 |
Concrete Perimeter
Public
Neighborhood
School Information
| District: Other | ||
| Monte Vista | Other | Monterey |
Room Information
| Bathrooms | |||
| 3 | |||
Total: 5
Interior Features
Gas Cooktop
Laminate, Carpet, Wood
None
Electric Heating
No Common Walls
Exterior / Lot Features
1 Garage Spaces,
1 Parking Spaces,
0 Covered Parking Spaces,
Composition
Bay, Mountain, Other
R-3-6
Driving Directions
Cross Street: Scott Street
Financial Considerations
| 001568011000 |
Listing Price History
Monterey Real Estate
Monterey is located in California. Monterey, California 93940 has a population of 29,016.
The median household income in Monterey, California 93940 is $89,683. The median household income for the surrounding county is $75,274 compared to the national median of $66,222. The median age of people living in Monterey 93940 is 36 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
| Street Address | City | Beds | Baths | Sold Price | Sold Date | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/10/2024 | Active | $1,395,000 USD -2.11% |
|
| 2/28/2024 | Active | $1,425,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $10,435 USD | 1.41% | $959,426 USD | - |
| 2022 | $10,290 USD | 1.48% | $959,426 USD | 2.00% |
| 2021 | $10,140 USD | 3.94% | $940,615 USD | 3.06% |
| 2020 | $9,756 USD | -4.71% | $912,717 USD | - |
| 2019 | $10,238 USD | 8.78% | $912,717 USD | 2.00% |