17 Los Encinos Drive, Monterey, California 93940, Del Rey Oaks, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Modernized Single-Family Residence is a Prime Investment Opportunity, listed at $995,000—positioned well below the $1,021,241 Fair Market Value by 2%. This valuation gap offers $26,241 in Instant Equity for incoming buyers. Boasting a Move-in Ready Condition, the home features a Granite Kitchen, Owned Solar Panels, and a Permitted Bonus Room on an expansive 10,200 SqFt Lot. With proximity to the 7-rated Del Rey Woods Elementary and serene Canyon Views, it balances financial upside with coastal lifestyle. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 Los Encinos Drive Subject | $995,000* List Price | 3 | 2 | 1,613 | $633 | - |
A 25 Los Encinos Drive Sold | $998,500 | 4 | 3 | 2,160 | $462 | 0.0 mi |
B 41 Ralston Drive Sold | $875,000 | 4 | 2 | 1,350 | $648 | 0.6 mi |
C 996 Via Verde Sold | $1,050,000 | 4 | 2 | 2,106 | $499 | 0.3 mi |
D 831 Arlington Place Active | $1,100,000 List Price | 4 | 2 | 1,784 | $617 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features several modern upgrades that offset its 1962 build date. The kitchen is updated with granite countertops, stainless steel appliances, and a tile backsplash, while the interior boasts fresh paint, double-pane windows, and updated flooring. Significant value-add features like owned solar panels and a high-quality paver driveway indicate excellent maintenance, though the cabinetry and overall layout retain some older stylistic elements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10200, living area = 1613.
The inclusion of owned solar panels provides a significant financial advantage by reducing monthly electricity costs and increasing the home's long-term value.
In addition to the three bedrooms, the permitted bonus room offers valuable flexibility for a home office, gym, or guest space to suit various lifestyle needs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1613, other record living area = 1339.
While the local elementary school is well-rated, the assigned middle school has a lower rating of 3, which may be a concern for education-focused buyers.
Built in 1962, the property may have underlying aged systems or structural elements that require more maintenance compared to newer constructions in the area.
Welcome to 17 Los Encinos Drive in Del Rey Oaks. This three-bedroom, two-bath home offers 1,613 square feet of well-planned living space on a 10,200 square foot lot. Inside, you'll find granite countertops, stainless steel appliances, double-pane windows, an open-beam ceiling, and a travertine fireplace. The interior has been freshly painted throughout. In addition to the three bedrooms, the home includes a permitted bonus room, offering additional flexible space. Owned solar panels help significantly reduce electricity costs. Outside, the low-maintenance backyard features an elevated deck for relaxing along with a beautiful paver driveway. Conveniently located with easy access around the Monterey Peninsula, the property combines comfort and practicality.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,613 | 1,982 | 37% |
| Lot Size | 10,200 | 6,800 | 68% |
| Price | $995.0K | $1.19M | 24% |
| Price per sq ft | $617 | $660 | 39% |
| Built year | 1962 | 1962 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 173 | 10% |
Feb 27, 2026
$995,000
Initial Listing
Apr 22, 2015
$538,000
Public Record
Aug 7, 2014
$365,000
Public Record
Oct 14, 1998
$275,000
Public Record