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487 Ocean View Boulevard

487 Ocean View Boulevard, Pacific Grove, CA 93950
Property in Monterey
Sold Jan 11, 2021
$2,027,500
$1,608,000 by Evolve Bank & Trust
Mortgage Due Feb 01, 2051
Sold Dec 17, 2010
$1,270,000
487 Ocean View Boulevard in Pacific Grove, CA was first built in 1900 and is 124 years old. Although, the building on the property was most recently renovated and altered in 1922. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 487 Ocean View Boulevard has 1,230 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,675 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. As for heating, the home is utilizing floor/wall heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 487 Ocean View Boulevard sold most recently in Dec 26, 2020 for a total of $2,027,500. If you work out the math, that's approximately a cost of $1,648.37 per sqft. Before that, the property was also sold for $1,270,000 in Dec 10, 2010. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $22,692 in taxes each year. 487 Ocean View Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,109,411. If we break it down further, the land itself was valued at $1,560,600. Improvements to the property, however, were assessed at a total of $548,811. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,675
  • Total Building Area: 1,230
  • Gross Building Area: 1,230
  • Building Area: 1,230
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,230
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PACIFIC GROVE RETREAT
  • Land Acres: 0.061
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PACIFIC GROVE RETREAT LOT 2 BLK 39

Ownership

  • Current Owner : GARCIA VICTOR JOEL
  • Current Owner 2: GARCIA VIVIAN CABRALES
  • Previous Owner : FONG DANNY SHUI
  • Previous Owner 2: FONG TINA
  • Owner Before Previous Owner: RIVOIR PATRICIA L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Pacific Grove Unified School District
  • Census Tract: 012401

Geography

  • Parcel: 006-183-002-000
  • Block: 39
  • Lot: 2
  • Latitude: 36.6225
  • Longitude: -121.914

    Address

  • Full Address: 487 Ocean View Blvd
  • Address - House Number: 487
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Pacific Grove
  • Carrier Code: C017
  • 4-Digit Zip Code: 2706
  • Zip Code: 93950

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $22,692
  • Tax Rate Code Area: 004-000

    Appraisal Valuation

  • Standard Deviation: 0.2183
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 70
  • Final Value: 1,951,847
  • High Value: 2,378,110
  • Low Value: 1,525,584

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,608,000
  • First Open Lien Mortgage Lender: EVOLVE BANK & TRUST
  • First Open Lien Mortgage Recording Date: Jan 11, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,608,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,109,411
  • Assessed Land Value: $1,560,600
  • Assessed Improvements Value: $548,811

    Sales

  • Current Sale Contract Date: Dec 26, 2020
  • Current Sale Recording Date: Jan 11, 2021
  • Current Sale Transaction ID: 11811999204
  • Current Sale Price: $2,027,500
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021002080
  • Previous Sale Recording Date: Dec 17, 2010
  • Previous Sale Contract Date: Dec 10, 2010
  • Previous Sale Amount: $1,270,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVOLVE BANK & TRUST
  • First Mortgage Transaction Date: Jan 11, 2021
  • First Mortgage Loan Amount: $1,608,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Pacific Grove



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Frequently Asked Questions

What neighborhood is 487 Ocean View Boulevard located in?
The 487 Ocean View Boulevard is a located in the neighborhood of Monterey in Pacific Grove, Pacific Grove.
What is the average sales price for listings in 487 Ocean View Boulevard?
The average sales price for units in 487 Ocean View Boulevard is $0 currently.

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