1360 Josselyn Canyon Road 40, Monterey, California 93940, Monterey, 93940 - 3 bed, 3 bath
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Monterey, California 93940
This 3-bedroom condominium represents a Strong Value Opportunity, listed at a List Price of $849,000, which aligns with its $849,000 Fair Market Value. While the property maintains a Fair Condition Rating due to original finishes, its functional layout and attached two-car garage provide significant utility. Located in the serene Monterey Woods community, residents enjoy access to a pool, tennis courts, and proximity to top-rated schools like Foothill Elementary. This is an ideal acquisition for Owner-Occupants seeking a peaceful lifestyle or first-time buyers looking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1360 Josselyn Canyon Road 40 Subject | $825,000* List Price | 3 | 3 | 1,360 | $607 | - |
A 1360 Josselyn Canyon Road 37 Sold | $740,000 | 2 | 2 | 1,123 | $659 | 0.0 mi |
B 67 Montsalas Drive Sold | $699,000 | 2 | 2 | 1,116 | $626 | 0.7 mi |
C 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.9 mi |
D 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, this property is nearly 50 years old and appears to be in mostly original condition. While the description notes it is meticulously maintained, the visual evidence of popcorn ceilings, older wall-to-wall carpeting, and dated fixtures places it in the 'Fair' category. It is functional and move-in ready but requires cosmetic updates and modernization of systems and finishes to meet current market standards.
Located in the sought-after Monterey Woods, the property offers a serene pine forest setting with immediate access to a community pool, tennis courts, and clubhouse.
This rare 3-bedroom, 3-bathroom condominium includes an attached two-car garage, providing the space and privacy typically found in a single-family residence.
The home has been meticulously maintained and is filled with natural light, offering a move-in-ready experience in a quiet, private location.
At $875 per month, the association fees are relatively high, which significantly increases the total monthly carrying cost for potential owners.
With over 300 days on the market and multiple price reductions, the listing may suffer from a 'stale' perception, potentially impacting its perceived market value.
This unit has been meticulously maintained and cared for! Desirable two-story home with an attached two-car garage, located in the sought-after Monterey Woods Community. This private and quiet residence is filed with natural light and just steps from the community pool, tennis courts, and clubhouse. Nestled in a sunny pine forest, Monterey Woods offers a peaceful setting while being just minutes from the beach, recreation trail, shopping, and Monterey Regional Airport. Enjoy the perfect blend of tranquility and convenience on the Monterey Peninsula.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 3.2 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.0 |
| Baths | 3.0 | 1.0 |
| Square foot | 1,360 | 630 |
| Lot Size | 1,280 | 1,076 |
| Price | $825.0K | $591.8K |
| Price per sq ft | $607 | $698 |
| Built year | 1975 | 1970 |
| HOA | $875.0 | $737 |
| Days on market | 344 | 79 |
Jul 7, 2026
$825,000
$849,000
-3% Price Drop
Initial Listing
Mar 11, 2026
$849,000
$875,000
-3% Price Drop
Initial Listing
Mar 9, 2026
$875,000
Initial Listing
Aug 12, 2025
$925,000
Initial Listing