471 PINE STREET MONTEREY
PREPARED FOR RON COTA
Sandy Albanese | Oldham Group
OVERVIEW
Monterey, a picturesque coastal city in California, offers a captivating blend of natural beauty, rich history, and vibrant culture. Nestled along the southern edge of Monterey Bay, this charming destination is renowned for its stunning waterfront, world-class aquarium, and historic Cannery Row. The city’s Mediterranean climate provides ideal conditions for year-round outdoor activities, from kayaking in the bay to hiking along the scenic 18-mile Monterey Bay Coastal Recreation Trail. Monterey’s deep-rooted history is evident in its well-preserved architecture, including the Old Custom House and California’s first theatre, both part of Monterey State Historic Park. The city serves as a gateway to the magnificent Big Sur coastline and is conveniently located just two hours south of San Francisco. Visitors and residents alike can enjoy fresh seafood at Old Fisherman’s Wharf, explore the marine life at the acclaimed Monterey Bay Aquarium, or take a leisurely stroll through the charming downtown area. The city’s economy, once centered on fishing and whaling, now thrives on tourism and education, with institutions like the U.S. Naval Postgraduate School and the Defense Language Institute adding to its diverse character. Monterey’s literary significance, immortalized in John Steinbeck’s novels, adds another layer of cultural richness to this coastal gem. With its perfect balance of natural wonders, historical landmarks, and modern amenities, Monterey continues to captivate visitors and provide an exceptional quality of life for its residents. Golf enthusiasts will find paradise in nearby Pebble Beach, home to some of the world’s most renowned courses. The city’s commitment to environmental conservation is evident in its sustainable practices and the protected marine sanctuary that surrounds it. Monterey’s unique blend of coastal charm, cultural significance, and natural beauty makes it an ideal destination for those seeking a tranquil yet engaging lifestyle on the California coast.
BUYER PROFILES
Reaching the right audience for your property at the right time, and with the perfect messaging. Monterey attracts a diverse range of buyers due to its coastal charm, excellent amenities, and one-ofa-kind location. Here are some common buyer profiles:
Tech Professionals and Remote Workers: Seek spacious single-family homes with ocean views, high-speed internet, and dedicated home offices. Value coastal lifestyle while maintaining connectivity to Silicon Valley or other tech hubs, prioritizing properties that support a work-from-home lifestyle.
Young Urban Professionals: Attracted to luxury condos or townhomes in walkable areas near downtown amenities and beaches. Often first-time buyers looking for affordable entry points in homes that blend modern finishes with Monterey’s historic charm, appreciating the town’s mix of upscale coastal living and vibrant culture.
Families: Focus on single-family homes in family-friendly neighborhoods with good schools, multiple bedrooms, and proximity to parks and beaches. Often relocating from the San Francisco Bay Area for a better quality of life, valuing Monterey’s safe environment, strong sense of community, and access to educational attractions like the Monterey Bay Aquarium.
High-Net-Worth Individuals and Second Home Buyers: Target exclusive estates and custom-built homes in prestigious areas like Pebble Beach, desiring high-end finishes, ocean views, and luxury amenities. Often out-ofstate or international buyers seeking second homes or vacation properties, appreciating the privacy and exclusivity offered by Monterey’s upscale communities.
Empty Nesters and Retirees: Prefer upscale, low-maintenance properties in gated communities or near the town center, prioritizing single-story homes or luxury condos with easy access to healthcare and cultural amenities. Many come from the San Francisco Bay Area, Southern California, or out of state, seeking a peaceful coastal retirement lifestyle and drawn to Monterey’s mild climate and proximity to outdoor recreational areas. 01 02 03 04 05
Jennifer Oldham
Team Leader
Jennifer is a high-performing real estate professional, who is not only an experienced realtor and loan officer, but also a skilled negotiator and a real estate paralegal. What sets Jennifer apart is her ability to listen to her clients’ needs and use her indepth knowledge of the real estate market to negotiate the best deal to exceed the clients’ expectations. With more than two decades of experience working for residential real estate, title, escrow, and specializing in high net worth clients. Jennifer knows exactly what it takes to buy or sell a home. This is one of the reasons why she has been an award-winning Realtor since 2000. When working with clients, Jennifer first learns about what the client wants, then clearly explains the process, sets goals, and works hard to accomplish the best result. Jennifer has built the team on three simple principles: 1. Be Kind, 2. Be Professional, 3. Be an Expert. Jennifer ensures each one of the Oldham Group Team members exemplifies this mantra without exception. Jennifer started in real estate 20 plus years ago in the Bay Area, and never quit.
408.835.4119
jennifer@compass.com
DRE 01325650
She loves seeing great families find the right home, and wonderful agents expand their real estate acumen and experience. An adrenaline junkie, Jennifer has sought out and excelled at every possible extreme sport, from racing dirt bikes to competitive boxing, ice skating to skydiving, she has done it all. Her motto “Don’t eff it up!” pretty much sums up Jenn’s leadership style. Funny and full of love, this bad ass hugger makes long lasting connections with her clients and team members alike. Realtor®
Andrew Oldham
Team Leader / Attorney
Originally a real estate lawyer, Andrew’s 40 years of real estate experience makes him uniquely able to tackle any real estate problem. From legal expertise, to escrow and title specifics, to brokerage, Andrew has done it all and he loves doing it, for his clients and his team. Before starting the Oldham Group, Andrew had a long career as a real estate litigator, and real estate entrepreneur.
After passing the bar, his real estate law career took off and he spent years in escrow litigation as a freelancer and salaried lawyer. In the nineties, Andrew founded a real estate company called eHome. eHome took advantage of burgeoning internet technology, and found a home for real estate there. They raised 30 million in capital and were the first to make the MLS searchable for clients, not just agents, and expanded to three states.
When he’s not assisting clients and agents, or working with Compass to help them improve their tools and resources, Andrew loves walking Asilomar beach with his wife and business partner, Jennifer and their adorable Boston, Abby. Andrew prides himself on being a kind, and loving person first and foremost, and second (but just barely) an excellent real estate professional.
About the Oldham Group
The Oldham Group is a Collective of talented agents, staff, and support, led by Andrew and Jennifer Oldham - Founding Agents for Compass Having closed over $1 Billion in sales volume during their career, Andrew and Jennifer lead a team that has substantially increased its business year over year while covering the expansive Santa Clara, San Mateo, San Francisco, Monterey, Santa Cruz, Alameda, and Contra Costa County real estate markets Because their agents have been selected based on their hyper-local expertise, they confidently represent a vast coverage area with in-depth knowledge across several counties. With over 85 years of combined real estate expertise in marketing, law, title, design, and escrow, they provide their clients talents and expertise unparalleled in the California market. Combining their knowledge and experience with their love and passion for residential real estate, local expertise, exceptional marketing, personal service and the backing of the nation’s best luxury brokerage, Compass, they will prove to you the Oldham Group difference.
$300+M
Closed Volume in 2022
Transactions closed in 2022
#62 Over 220
Teams in the nation
#20
Teams in California
#14
Top 100 producing agents or teams in the SF Bay Area
oldhamgroupcompass
californialiving.me
OLDHAM GROUP
Oldham Group | Compass Oldham Group at Compass
Notable RecentTransactions
Testimonials
Sandy is the absolute best. Anybody who knows her knows how conscientious and hard-working she is when she takes on an account. Nothing gets in her way. She's very diligent sets up. All the appointments takes care of all the loose ends and make sure that everything goes according to plan. She will also ensure every effort to get you top dollar for you or real estate product. It doesn't get any better than Sandy.
Sandy recently helped us sell our home. She was very knowledgeable and made sure we were aware we understood the process and keep informed of progress during the sale. He helped us get ready to sell our home though her contact network. All the professionals she recommended were excellent. She was always available to answer questions and address our concerns. I highly recommend her to anyone selling a home in the area.
Sandy Albanese was extremely professional, very knowledgeable, and exceeded all my expectations in her services and duties. I no longer live in the area and I was concerned about needing to travel back and forth to get the property sold. Sandy told me not to worry and that I did not need to travel. She assured me that I was in good hands and that she would take care of everything, and she did. She had her team revamp my average rental property into an amazing, picturesque, ready to move-in home. The place was stunning when she finished with the home and garden. Her beautification increased the value of the property by over $500,000 for only a fraction in cost. She kept me informed every step of the way. Sandy is a go-getter and knows how to get things done. It was a pleasure working with Sandy. If you are looking to sell or buy a home, call Sandy Albanese. With Sandy you can trust that you and your family will be in good hands.
Testimonials
Jen and Andrew have beyond exceeded our expectations. They were patient with us through a long search process, provided a consultative approach along the way, set realistic expectations without letting us overpay and were never just here to sell us any house. When it came time to sell our home the team of people they work with to prep, the marketing support and the frequency of updates keeping us in the loop has once again been over the top. We could not be happier to be working with them, will 100% be referring our friends and colleagues and will without question use them again in the future.
My family was fortunate to be referred to Jennifer and Andrew to act as our agents in the sale of our luxury home They were instrumental in assisting us with everything from home prep, contractor referrals, staging, negotiation, escrow and title issues, and an absolutely stunning marketing effort. (The marketing even included a music video about our home that received thousands of views and helped us find the buyer! Really cool.) Our home sold in a week and at our target price. When a title issue popped up last minute, their legal expertise and title/escrow knowledge saved the day - and allowed us to close on time. I am certain we would not have had equivalent results with other agents, Andrew and Jennifer's expertise is unlike any agent we interviewed and it certainly was required to achieve the results. I absolutely encourage you to use them as your listing team, they are exceptional.
Jennifer, Andrew, and the entire Oldham Group were wonderful to work with, starting with pricing and sales strategy right up to negotiations and closing. Highly recommended. They both are seasoned professionals able to manage the entire sales process, and having a lawyer on the team provides additional clarity for occasional complexities.
Monterey, CA 93940
Pine St, Monterey, CA 93940
Belden St, Monterey, CA 93940
ADDRESS SUBJECT
471 Pine St, Monterey, CA 93940
591 Belden St, Monterey, CA 93940
CONTRACT DATE - Sep 23, 2024 SOLD DATE - Sep 23, 2024
DOM - DAYS ON MARKET - 0
PROPERTY
Comparable property #1
Monterey, CA 93940
591 Belden St
Listing description
Walk into the cutest home with incredible ocean view in New Monterey and bright setting to relax on front deck. Much potential R-3. Opportunity to add square footage to existing home and ADU where shed is. Short walk to Cannery Row, shops restaurants, famous Aquarium.
23, 2024
Date Sep 23, 2024
Comparable property #1
591 Belden St
Price estimate for 471 Pine Street
$850,000 - $950,000
Sold listing average (1)
$980,000
$1,009 Per Sq Ft 0 Days on Market
* This represents an estimated sale price for this property. It's not the same as opinion of value in appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal practice. The information contained herein is derived from the local MLS and does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. Changes in price, condition, sale, or withdrawal may be made without notice. All measurements and square footage are approximate. Equal Housing Opportunity. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This is not intended to solicit property already listed. Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467.
THE SELLING PROCESS
THE SELLING PROCESS
01 02 03 04 05
Let’s Talk Setting the Stage Going Live
Spreading the Word
Making Connections
01
Let’s Talk
Meet with your Compass agent to discuss your plans and goals, trends in the current marketplace, and assess your property’s qualities and characteristics. Your Compass agent will analyze comparable property sales, assess the competition, work with youto determine pricing strategy, and outline a strategic plan to achieve the best possible result for you as a seller.
02 Setting the Stage
03 Going Live
The listing is broadc Compasscom and s across our 100+ part for the duration of th process
From applying a fresh coat of paint to rearranging furniture, your Compass agent will ensure that the property is visually ready for showing Your agent will schedule a professional photo shoot, commission an illustrative floor plan, and prepare a listing description At this time, you should also sit down with your agent and complete the Seller Disclosure documents that will be necessary for the transaction.
04
Spreading the Word
The Compass marketing team produces beautiful print collateral to strategically showcase your property Your agent develops and executes an intelligent, effective paid marketing plan in relevant publications. Eyecatching property signs are produced and placed outside your property.
06 Building a Strategy
Your agent conducts an assessment of the market response within the first 30 days of your listing going live Feedback from agents and buyers is aggregated, and the listing strategy revised if needed
07 Communictation
You and your Compass agent will establish the best method and frequency of communicating as the process unfolds Your agent will provide you with regular feedback and will keep you updated with continuous traffic metrics and information from the market
08 Negotiations
Once we receive an offer, your agent will contact you to review the terms of the offer and analyze the pros and cons Together you will decide how to respond to the buyer in one of several ways: by accepting the offer, rejecting the offer, or making a counter offer.
09 Escrow
e a contract has been agreed to and ed by all parties, an escrow will be ned and the buyer’s contingency period begin. Timelines for the completion of er and seller responsibilities will be listed e purchase contract and adhered to in escrow. Your Compass agent will keep a e eye on the timelines and ensure that are in compliance with your onsibilities, while also holding the er ’ s side to task to keep the process moving
10 Closing
Your Compass agent will monitor and coordinate all the details necessary to get you to the finish line Once the buyer has performed their inspections, removed their contingencies, and the loan (if any) is ready to fund, your agent will arrange the final walk-through At or near this time the escrow will close, payment will be made, and the keys will be handed over to the buyer
KEY TERMS
Appraisal
Assessment of the property’s market value, for the purpose of obtaining a mortgage and performed by a licensed appraiser.
Assessed Value
Value placed upon property for property tax purposes by the Tax Collector.
Closing Costs
Expenses incidental to a sale of real estate, such as loan fees, appraisal fees, title insurance and escrow fees.
Closing Statement
The statement which lists the financial settlement between Buyer and Seller, and the costs each must pay.
Contingency
Certain criteria that have to be met in order to finalize the sale.
Conventional Mortgage
A mortgage or Deed of Trust not obtained under a government insured program such as FHA or VA Credit
Money given to a buyer from a seller through escrow at closing.
Escrow
A neutral third party that handles the transfer of any money during the sale of a home from initial deposit to final funding and closing
Earnest Money Deposit
Buyers in California usually deposit 3% of the purchase price to show that the buyer is serious about purchasing the home. It is usually refundable in the event a contingency in the sales contract cannot be met.
Fixed Rate Mortgage
A loan on which the interest rate and monthly payment do not change
Home Warranty
A policy that covers certain repairs (e.g. plumbing/heating) of a newly purchased home for a period of time, typically one-year.
Preliminary Title Report
A report showing the condition of title before a sale or loan transaction After completion of the transaction, a new title insurance policy will be issued.
Title Insurance
Insurance to protect the buyer and lender against losses arising from disputes over the ownership of a property.
Recording Fees
Money paid to the lender for recording a home sale with the local authorities, thereby making it part of the public records.
ESCROW
ESCROW
WAYS TO HOLD TITLE IN CALIFORNIA
WHO PAYS WHAT: ESCROW CHARGES,
TITLE FEES, & TRANSFER OF TAXES
MARKETING
MARKETING YOUR HOME
At The Oldham Group, we put an emphasis on modern marketing, taking a multi-pronged approach to the digital promotion of your property.
The first thing we do before marketing is Identify the buyer persona For example, a Silicon Valley engineer with a net worth of $3M who likes mountain biking and comic-con. Then, we generate buzz while preparing for isting to launch by marketing to our network (28M+ agents).
Once the listing goes live, we begin attract that buyer persona to your listing. This may include...
WEBSITE - This includes photos, videos, virtual tours, listing details, and has the ability to capture contact information from interested home buyers
NEWSLETTERS - We will target the listing area through email campaigns These emails are sent for each status change on your listing and are full of information for potential buyers. When sending these emails, we create a list of potential leads in the area through a mix of home buyers in our team database as well as local homeowner leads from a third party real estate farming tool.
SOCIAL MEDIA ADVERTISING
- We run website traffic ads through Facebook and Instagram to drive visitors to the page. These ads are live for the duration of the listing and are updated with status changes such as “Coming Soon,” “Just Listed,” and “Price Reduction
GOOGLE ADS - To top off our digital listing campaign, we create and publish Google Display and Search advertisements. Very similar to the social media ads, these content pieces are posted for status changes They drive traffc to the property website as all of the digital.
ENHANCED TARGETING
- Using our partner
Lead Generation Labs, enhanced targeting allows us to target consumers based on the sites they visit and the apps installed on their phone. By narrowing down to profession-specific sites and apps, we can effectively target any profession or interest you can imagine.
THE COMPASS ADVANTAGE
COMPASS EXCLUSIVE TOOLS AT MY FINGERTIPS
In the world of real estate today, it’s not enough to simply keep up with the latest technology — you deserve an agent who’s always one step ahead. At Compass, I have access to AI-driven technology to deliver a modern buyer experience that is collaborative, seamless, and hassle-free.
Compass Collections
With Compass Collections I can curate a group of listings based on your personal preferences in a visual workspace. There, you can compare multiple properties, monitor market activity in real time, stay in constant contact with me, and invite collaborators to join in on the discussion - all in one central place
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Compass CMA
OLDHAM GROUP
PRE-MARKET YOUR HOME BY LISTING AS A COMPASS PRIVATE EXCLUSIVE
Private Exclusives allow you to pre-market your upcoming home sale and give buyers an opportunity to prepare to make a competitive offer. These off-market listings are only visible to Compass agents and their qualified clients. They don’t accumulate days on market, show price history, or appear on public home search websites.
THE BENEFITS OF A PRE-MARKETING STRATEGY
Generate Buzz
Build anticipation and demand for your home before it officially hits the market. Just like a movie trailer, this pre-marketing strategy helps create urgency and interest from buyers.
Test the Market
Avoid the negative impact from accumulating days on market and public price drops. Listing as a Private Exclusive gives you feedback from buyers on your ideal price and positioning.
Maintain Your Privacy
Your privacy is valuable. Private Exclusives is a discreet service that ensures photos and floorplans of your home are not visible on public home search websites.
GET AHEAD WITH THE COMPASS ADVANTAGE
Investing Billions in Tech to Find Your Next Home
You deserve an agent who has the world’s best real estate technology keeping them one step ahead. That’s why I chose Compass, a forwardthinking brokerage where the technology of the future is changing outcomes today. Not only has Compass invested over $1.5B dollars in tech over a 10-year period1, but we continue to spend more than $100M annually on research and development2 to help our agents make buying easier for you.
Buying successfully isn’t just about what you know, but who you know. When it comes to your next home purchase, Compass has a strong, connected network. In 2023, 17.5% of Compass transactions resulted directly from referrals t C d t ti th bilit f t t h l li t i t
OUR DYNAMIC & EXCLUSIVE PROGRAMS
EXCLUSIVE ZILLOW SHOWCASE LISTING
BUY BEFORE YOU SELL
CASH OFFER
BUYING AND SELLING IN A COMPETITIVE MARKET?
WELOOKFORWARDTO WORKINGWITHYOU
At The Oldham Group, we are dedicated to maximizing the value of your property through our core principles of kindness, expertise, and professionalism. Our team provides personalized guidance and support throughout every stage of the selling process, treating you with the care and respect you deserve. We leverage our extensive market knowledge and effective marketing strategies to showcase your home's unique features, attracting qualified buyers. With The Oldham Group as your trusted partner, you can confidently navigate the real estate market, knowing that our expertise and commitment to excellence will help guide you to a successful sale.
