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$1,998,000

Beds
2
Baths
2.5
sq ft
2,559

542 Lighthouse Ave Unit 203, Pacific Grove, CA 93950

542 Lighthouse Ave Unit 203

Pacific Grove, CA 93950

  • 86 days on market
    • Price drop $150,000↓
Welcome to your very own modern home in The Holman Building, a historic 1918 landmark in downtown Pacific Grove recently transformed into a boutique residence with 25 units. This corner condo offers 2 bedrooms plus an office, 2.5 bathrooms, and a modern, spacious layout. The open floor plan is perfect for entertaining with large windows framing postcard-worthy views of downtown and rooftops on the hillsides, charming Victorian architecture, and also partial Monterey Bay views. The open concept great room features engineered flooring, a Quartz waterfall island with seating, and a well-equipped kitchen with stainless steel appliances and a walk-in pantry. Both bedrooms are generously sized, with ensuite bathrooms, downtown vistas, and ample walk-in closets. The building provides an upscale lobby, coded elevator access, and secure underground parking along with a fully equipped gym and use of a party room with a theater lounge. You'll find delightful shops, art galleries and eateries just steps away, with the beach and rec trail a short stroll from your doorstep. Pebble Beach and Carmel-by-the-Sea, world-class golf, car shows, wineries, and jazz festivals are within a short drive. Why rent a hotel room when you can own in The Holman?

Details

Property type

Condominium

Est. home value

$2,408,968

Lot size

Unknown

Price per sq ft

$781

Year built

2019

Monthly HOA fee

$1,377

Price History

06/12/2024
BridgeMLS

BridgeMLS #ML81960454

Price change
$1,998,000
-6.98%
04/10/2024
BridgeMLS

BridgeMLS #ML81960454

Listed
$2,148,000
-4.53%
04/02/2024
MLSL

MLSL #ML81950518

Removed
$2,250,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Pacific Grove Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,212,896
Asking price
$1,998,000
Closing costs (~8% of asking)
-$159,840
Est. remaining loan balance
-$625,264
Cash to seller
$1,212,896

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

December 2021

Original loan amount

$660,000

Est. remaining balance

$625,264

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Mark Richards and Ivy Ellen Richards

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 6:55 PM

Listing updated: 06/24/2024 at 4:13 AM

Listed by: Amber Russell Kerchner, Over the Moon Realty, Inc Phone #: (831) 402-1982

MLS: BridgeMLS #ML81960454

BridgeMLS logo

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