11 Ivy Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Single Family Residence represents a Strong Value Opportunity, listed at $990,000—positioned slightly above the $970,913 Fair Market Value. While the property is priced at market, it offers significant long-term potential due to its Large Lot Size and Golf Course View. With a Condition Rating of 4, the home is functional but presents a prime canvas for modernization. The unique combination of a Separate Workshop and prime cul-de-sac location makes this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Ivy Street Subject | $990,000* List Price | 3 | 2 | 1,550 | $626 | - |
A 41 Ralston Drive Sold | $875,000 | 4 | 2 | 1,350 | $648 | 0.6 mi |
B 140 John Street Sold | $1,070,000 | 3 | 2 | 1,996 | $536 | 0.6 mi |
C 206 Edinburgh Avenue Active | $1,099,000 List Price | 3 | 2 | 1,811 | $607 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958 and maintained by the original owner, the home is in clean, functional condition but is significantly dated. The kitchen features older tile countertops and cabinetry styles consistent with a renovation performed over 20 years ago. While the listing notes upgraded appliances and meticulous care, the overall aesthetic and systems likely require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9494, living area = 1550.
Situated at the end of a quiet cul-de-sac, the property borders the Monterey Pine Meadows Golf Course, offering serene views and enhanced privacy.
The home features desirable mid-century elements including vaulted open-beam ceilings, skylights, and bay windows that create an airy, light-filled atmosphere.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1550, other record living area = 1350.
Despite being well-maintained, the 1950s-era finishes and tile surfaces may require capital investment for modernization to meet current market trends.
The assigned middle school has a lower rating compared to other regional options, which may impact appeal for families prioritizing top-tier educational scores.
This is a rare opportunity to own a well built and maintained home in a nice family neighborhood at the end of a short cul-de-sac. This is the first time this property has been offered for sale, the owner/builder has lived here since 1958.. Like anything well maintained, it does not show its age. Large lot borders the Monterey Pines Golf Course and offers easy care landscaping and garden shed. Fully fenced back yard offers patio and walkways through the terraced yard. Kitchen offers upgraded appliances, tile breakfast bar w / separate dining area to host family gatherings. Living room has an open feeling with bay windows to take advantage of the golf course view, vaulted, open beam ceiling w/skylights and a brick gas fireplace. Laundry room is located inside w/220V hook ups, washer/dryer included. The two-car garage is accompanied by a separate workshop. Show and sell! ** please note the entry ceiling light, dining area chandelier and main bathroom glass swag lights do not convey with the property.**
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 3.1 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,550 | 1,829.5 |
| Lot Size | 9,494 | 7,517.5 |
| Price | $990.0K | $1.29M |
| Price per sq ft | $639 | $686 |
| Built year | 1958 | 1962 |
| HOA | $0 | $495 |
| Days on market | 27 | 63 |
Jun 25, 2026
$990,000
Initial Listing