247 Belden Street, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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247 Belden Street
Monterey, California 93940
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,152Sq Ft
5,850Lot Size
Property Price
LIST PRICE$998,000
EST. MARKET VALUE
$1,013,699
SUMMARY
This Dual-Residence Property represents a Strong Value Opportunity, listed at $998,000—positioned well below the $1,013,699 Fair Market Value by 1.55%. This valuation gap offers $15,699 in Instant Equity. With a Fair Condition Rating, the property features two detached units, offering exceptional flexibility for rental income or multi-generational living. Located near Pacific Grove High School (9/10) and the Monterey waterfront, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating coastal residence.
Estimated Market Value
$1,013,699
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 |
|---|---|---|---|---|---|---|
★ 247 Belden Street Subject | $998,000* List Price | 2 | 2 | 1,152 | $880 | - |
A 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.4 mi |
B 662 Oak Street Sold | $885,000 | 3 | 1 | 1,125 | $787 | 0.4 mi |
C 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.8 mi |
D 777 Parcel Street Sold | $1,200,000 | 3 | 2 | 1,542 | $778 | 0.7 mi |
E 705 Grace Street Sold | $1,150,000 | 3 | 2 | 1,354 | $849 | 0.6 mi |
F 271 Foam Street Active | $1,250,000 List Price | 3 | 2 | 1,116 | $1,120 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 21 years old, meeting the criteria for 'Fair' condition. While functional and move-in ready, the interiors show dated finishes in the bathrooms and older wall-mounted heating units rather than modern central HVAC. The exterior decks and some entry areas show visible weathering and minor maintenance needs consistent with a 20+ year old structure.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Pacific Grove High School (9/10).
- Dual-Residence Versatility
The property features two detached residences on a single lot, each equipped with its own kitchen and laundry, providing exceptional potential for rental income, guest housing, or multi-generational living.
- Prime Monterey Location
Ideally situated just minutes from Cannery Row, downtown Monterey, and the waterfront, offering residents convenient access to premier dining, shopping, and coastal recreation.
CONSRISKS & DEFICIENCIES
- Compact Living Areas
With the main residence at 607 sqft and the secondary unit at 482 sqft, the individual living spaces are quite small, which may be a constraint for buyers requiring larger rooms or more storage.
- Limited View Profile
The property offers only 'peeks' of the ocean rather than expansive views, which may not meet the expectations of buyers specifically seeking a high-impact coastal vista.
About 247 Belden Street
A unique opportunity in the heart of Monterey, this charming property features two detached residences on one lot, each offering its own full bathroom, full kitchen, and laundry. Set toward the rear of the property, the main residence offers approximately 607 sqft., while the updated front residence provides approximately 482 sqft. Enjoy the courtyard, peeks of the ocean and the convenient location, just minutes to Cannery Row and downtown Monterey. Dining, shopping, recreation, and the waterfront all nearby. Ideal for those seeking a primary residence with separate guest accommodations, multi-generational living, or potential rental income, this property offers exceptional flexibility in a desirable Monterey location
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 5,850 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 1.4 mi
5/10
Forest Grove Elementary School
Grades K-5 • 1.5 mi
6/10
Pacific Grove Middle School
Grades 6-8 • 1.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,152 | 1,869.953 |
| Lot Size | 5,850 | 7,748.977 |
| Price | $998.0K | $1.35M |
| Price per sq ft | $866 | $729 |
| Built year | 2003 | 1962 |
| HOA | $0 | $431 |
| Days on market | 8 | 50 |
Pricing History
Listed for Sale
Sep 1, 2026
$998,000
Initial Listing
Sold
Nov 8, 2024
$650,000
Public Record
Sold
Oct 1, 2013
$600,000
Public Record