1 Greenwood Way, Monterey, California 93940, Monterey, 93940 - 4 bed, 3 bath
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Monterey, California 93940
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $1,695,000—positioned well below the $1,705,922 Fair Market Value by 0.64%. This valuation gap offers $10,922 in Instant Equity. Featuring a 4-bedroom, 3-bath layout with spectacular Monterey Bay views and a large 13,939 sq. ft. lot, the home maintains a Condition Rating of 4, suggesting cosmetic updates will enhance long-term value. This property is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Greenwood Way Subject | $1,695,000* List Price | 4 | 3 | 2,625 | $650 | - |
A 4 Sommerset Vale Sold | $2,075,000 | 4 | 4 | 3,340 | $621 | 0.7 mi |
B 9 Sommerset Active | $1,879,000 List Price | 3 | 4 | 2,563 | $733 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is over 20 years old and appears dated. The exterior, concrete patio, and retaining walls show signs of weathering, and the landscaping requires maintenance, indicating a need for minor repairs and cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13939, living area = 2625.
The property offers breathtaking panoramic views of Monterey Bay and the surrounding hills, providing a high-end coastal living experience that commands a premium.
Situated on a generous 13,939 sq. ft. lot within a serene forest setting, the home offers significant privacy and ample outdoor space rarely found so close to the coast.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13939, other record lot size in square feet = 14150.
The local school district ratings, specifically the middle school at a 3/10, may be a concern for families prioritizing high-performing educational institutions.
Built in 1980, the property may require updates to its major systems or interior finishes to align with modern luxury standards and ensure long-term structural integrity in a wooded environment.
Luxury in the hills above Monterey! Come up the hill and enjoy the spectacular views of Monterey Bay and from this beautiful 3 bedroom, 2.5 bath home. Situated among the forest of the Monterey hills, this 2600 Sq. Ft. home has plenty of room for everyone.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,625 | 1,829.5 |
| Lot Size | 13,939 | 7,517.5 |
| Price | $1.70M | $1.29M |
| Price per sq ft | $646 | $686 |
| Built year | 1980 | 1962 |
| HOA | $0 | $495 |
| Days on market | 30 | 63 |
Jun 22, 2026
$1,695,000
Initial Listing
Jan 12, 2016
$775,000
Public Record
Jun 29, 1994
$144,000
Public Record