
Monterey, California 93940
This Versatile Multi-Generational Residence is a Strong Value Opportunity, listed at $1,650,000—positioned below the $1,660,611 Fair Market Value by 1%. This valuation provides $10,611 in Instant Equity. Maintaining a Condition Rating of 3, the tri-level layout features a second kitchen and separate entrance, offering significant rental or in-law potential. With marble countertops, hardwood flooring, and distant mountain views, the property balances functional utility with coastal charm near Monterey High School. This is an ideal acquisition for Owner-Occupants seeking a house-hack or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Pinehill Way Subject | $1,650,000* List Price | 4 | 3 | 2,561 | $648 | - |
A 981 Monterey Circle Sold | $1,600,000 | 4 | 3 | 2,340 | $684 | 0.7 mi |
B 981 Harrison Street Sold | $1,462,500 | 3 | 3 | 1,867 | $783 | 0.7 mi |
C 564 Mar Vista Drive Active | $1,375,000 List Price | 3 | 2 | 1,700 | $809 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant updates such as a newer roof, marble countertops, and updated hardwood and laminate flooring throughout. While the kitchen cabinets and white appliances are somewhat dated and the 1970s architectural style (wood-paneled walls and open beams) is preserved, the home shows minimal physical depreciation and functional major systems, including central heating and a second kitchen unit.
The home features a second kitchen and a separate entrance, making it ideal for an in-law suite, nanny unit, or potential rental income.
High ceilings, open beam design, and abundant natural light from skylights and a sunroom provide a spacious and stylish aesthetic.
The property includes a newer roof and marble countertops, offering peace of mind and modern finishes for the incoming owner.
The multi-level floor plan may be less desirable for buyers seeking single-level living or those with mobility concerns.
The assigned middle school has a lower performance rating, which may be a consideration for families prioritizing top-tier educational scores.
Last Chance! This exquisite Tri-level 4-5 bedroom, 3 full bath home soon to be returned to the rental market. Motivated Seller, bring All offers! Nestled in Skyline Forest in the charming city of Monterey. This home offers a splendid blend of comfort and style, featuring high ceilings, open beam design, and abundant natural light through skylights & the sun room. The kitchen is equipped with marble countertops, a gas oven range, built-in microwave oven & dishwasher. The floor plan includes a dining area, family room, living/game room, den & second kitchen. Can be used as Inlaw or Nanny unit with separate entrance. Endless possibilities. The home boasts hardwood flooring that spans throughout home with cozy carpet, and durable tile flooring as well. Newer roof, central forced air gas heating system, complemented by ceiling fans to ensure comfort throughout the year. Enjoy cozy evenings by the fireplace. With ample parking space and additional features like a walk-in closets and multiple bathrooms with double sinks, this home is a perfect blend of functionality and charm. In addition the backyard has Bocce ball court for Bocce ball enthusiasts. Great gathering place. Take advantage of this market before it turns, don't miss out on a great opportunity! A place to call Home.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 0.2 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 54% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,561 | 1,989 | 75% |
| Lot Size | 7,300 | 6,800 | 56% |
| Price | $1.65M | $1.19M | 71% |
| Price per sq ft | $644 | $660 | 46% |
| Built year | 1970 | 1962 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 173 | 10% |
Mar 18, 2026
$1,650,000
$1,750,000
-6% Price Drop
Initial Listing
Feb 19, 2026
$1,750,000
Initial Listing
Apr 17, 2002
$770,000
Public Record