35 Wellings Place, Monterey, California 93940, Monterey, 93940 - 4 bed, 3 bath
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Monterey, California 93940
This Turnkey Craftsman represents a High-Potential Investment Opportunity, though it is currently listed at $1,995,000, which is positioned above the $1,766,196 Fair Market Value. Featuring a Mint Condition Rating, this property offers a rare Legal ADU and modern upgrades including Air Conditioning and a Sun-filled Deck. While the list price exceeds the current valuation, the property’s versatility for rental income or multi-generational living provides long-term stability. This home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in ready Monterey residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 35 Wellings Place Subject | $1,995,000* List Price | 4 | 3 | 1,879 | $940 | - |
A 32 Via Ventura Sold | $1,525,000 | 5 | 4 | 1,528 | $998 | 0.2 mi |
B 710 Woodcrest Lane Sold | $1,435,000 | 3 | 2 | 1,646 | $872 | 0.5 mi |
C 932 Monterey Circle Pending | $1,700,000 List Price | 4 | 3 | 2,123 | $801 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive recent remodel including a modern kitchen with a large island, updated bathrooms with contemporary subway tile and glass enclosures, and new wood flooring throughout. The inclusion of rare air conditioning for the area and a newly installed kitchenette in the ADU confirms a high-end renovation within the last 5 years, putting it in mint condition.
The property includes a 273-square-foot legal ADU with a newly installed kitchenette, providing excellent potential for rental income, multi-generational living, or a private home office.
This Craftsman has been extensively remodeled with high-end finishes, new wood flooring, and a modern kitchen, notably including air conditioning which is a rare and premium feature for the Monterey Peninsula.
Situated in the desirable Monte Regio/Peters Gate neighborhood, the home features a large 275-square-foot sun-filled deck overlooking a peaceful forest and wash, offering a serene retreat minutes from downtown.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1879, other record living area = 1464.
The property only offers a 1-car garage, which may be insufficient for a 4-bedroom home and could pose a challenge for households with multiple vehicles or significant storage needs.
At 1,879 square feet for a 4-bedroom, 3-bath configuration (including the ADU), the individual room sizes and main living areas may feel somewhat constrained compared to other homes in this price bracket.
Beautifully remodeled Craftsman in Montereys desirable Monte Regio/Peters Gate neighborhood. Offering approximately 1879 square feet of flexible living space, this 4-bedroom, 3-bath property includes an approximately 273-square-foot legal ADU or guest unit with a newly installed kitchenette. The main residence features a spacious great room combining the living room, dining area, and modern kitchen, creating an inviting setting for everyday living and entertaining. Recent improvements include new wood flooring, windows, kitchen, bathrooms, and updated finishes throughout. A fireplace adds warmth to the main living area, while air conditioning provides a rare level of comfort for a Monterey Peninsula home. The large 275 square-foot sun-filled deck overlooks the surrounding forest and wash, offering a peaceful setting for outdoor dining and relaxation right off the kitchen. Additional features include a 1-car garage, generous off-street parking, approximately 448 square feet for a wine cellar or storage, and a private, beautifully landscaped 7,000-square-foot lot. Conveniently located minutes from downtown Monterey restaurants and shops, Del Monte Shopping Center, parks, beaches, and the many attractions of the Monterey Peninsula, not to mention easy access to Peninsula Cities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,879 | 1,829.5 |
| Lot Size | 7,000 | 7,517.5 |
| Price | $2.00M | $1.29M |
| Price per sq ft | $1.1K | $686 |
| Built year | 1961 | 1962 |
| HOA | $0 | $495 |
| Days on market | 26 | 63 |
Jun 26, 2026
$1,995,000
Initial Listing
Jul 1, 2019
$670,000
Public Record
Apr 1, 1999
$359,000
Public Record