17 Via Castanada, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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17 Via Castanada
Monterey, California 93940
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,808Sq Ft
9,234Lot Size
Property Price
LIST PRICE$850,000
EST. MARKET VALUE
$850,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $1,100,000 Fair Market Value by 18%. This valuation gap offers $201,000 in Instant Equity for buyers willing to execute a renovation plan. While the home has a Condition Rating of 5, the large 9,234 sq ft lot and versatile split-level layout offer significant upside. This is a value-add acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through modernization.
Estimated Market Value
$850,000
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 Via Castanada Subject 3 bd · 2 ba · 1,808 sqft · $470 | $850,000* List Price | 3 | 2 | 1,808 | $470 | - |
A 1291 Pacific Street Sold 4 bd · 2 ba · 1,768 sqft · $554 · 0.3 mi | $980,000 | 4 | 2 | 1,768 | $554 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1977, this nearly 50-year-old property appears to be in mostly original condition. The interior features dated 1970s wood paneling and older carpets, while the exterior shows heavily weathered wood shingles with moss growth. The listing description notes a need to 'reimagine' and 'rehab' the space into a modern home, indicating major updates are required.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9234, living area = 1808.
- Prime Monterey Location
The property is ideally situated near premier schools, beaches, and local favorites like Elroys Market and Layers Bakery, offering a highly desirable coastal lifestyle with easy access to Highway 1.
- Scenic Coastal Views
The elevated position provides beautiful bay and treetop views from the deck, adding significant aesthetic value and a sense of tranquility to the living space.
CONSRISKS & DEFICIENCIES
- Renovation Required
Marketed as a 'reimagination' project, the 1977 residence likely requires significant cosmetic or structural updates to achieve a modern coastal aesthetic.
- Market Stagnation
With over 100 days on the market and multiple price reductions from the original $1.1M ask, the property may face buyer perception challenges regarding its value-to-condition ratio.
About 17 Via Castanada
GREAT PRICE! Elevated coastal living awaits at 17 Via Castanada. This 1,800 sq ft residence invite you to reimagine it into a sophisticated treetop retreat. The main level features a sunlit living room, kitchen, and the primary bedroom with an adjoining bath. Enjoy fresh ocean breezes with bay and treetop views from the deck of this eclectic property. The lower level adds two additional bedrooms, a full bath, and laundry, creating a versatile split level layout ideal for guests, extended family, or a private workspace. Popular Elroys Market and Layers Bakery are just below, or Del Monte Mall and Whole Foods moments away. Quick access to Highway 1 and Highway 68. *Sewer lateral replacement completed in full.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 9,234 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,808 | 1,795.679 |
| Lot Size | 9,234 | 8,154.071 |
| Price | $850.0K | $1.25M |
| Price per sq ft | $470 | $732 |
| Built year | 1977 | 1961 |
| HOA | $0 | $461 |
| Days on market | 142 | 61 |
Pricing History
Listed for Sale
Oct 2, 2026
$850,000
$899,000
-5% Price Drop
Initial Listing
Price Change
Aug 21, 2026
$899,000
$995,000
-10% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$995,000
$1,100,000
-10% Price Drop
Initial Listing
Price Change
Jun 4, 2026
$1,100,000
Initial Listing