423 Montecito Avenue, El Granada, California 94018, El Granada, 94018 - 3 bed, 2 bath
423 Montecito Avenue
El Granada, California 94018
Property Price
SUMMARY
Analysis of 423 Montecito Avenue, El Granada, California 94018 reveals a property with a current list price of $1,599,000, which is 7% above the estimated $1,481,193 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the El Granada Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Montecito Avenue Subject | $1,599,000* List Price | 3 | 2 | 1,550 | $956 | - |
A 441 Bridgeport Sold | $1,150,000 | 3 | 2 | 1,400 | $821 | 0.7 mi |
B 1107 Columbus Street Sold | $1,550,000 | 3 | 2 | 1,640 | $945 | 0.8 mi |
C 715 Sonora Avenue Sold | $1,310,000 | 3 | 2 | 1,530 | $856 | 0.3 mi |
D 1163 Columbus Street Sold | $1,650,000 | 4 | 3 | 2,080 | $793 | 0.8 mi |
E 422 Santa Maria Avenue Sold | $1,530,000 | 4 | 2,083 | $735 | 0.9 mi | |
F 330 Avenue Portola Sold | $1,521,200 | 5 | 2 | 1,800 | $845 | 0.6 mi |
G 261 Coral Reef Avenue Active | $1,699,000 List Price | 4 | 3 | 1,770 | $960 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained. While originally built in 1976, the interior features significant updates including a modernized kitchen with stainless steel appliances and stone countertops, updated bathrooms with contemporary vanities and tile work, and a combination of hardwood-style flooring and clean carpeting. The presence of recessed lighting and fresh paint throughout indicates the home has been renovated within the 'Good' criteria timeframe, though it retains its original 1970s architectural footprint.
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 = 8850, living area = 1550.
- Prime Coastal Location
The property is ideally situated within walking distance to the beach, Pillar Point Harbor, and the world-famous Mavericks, offering an exceptional lifestyle for outdoor and coastal enthusiasts.
- Versatile Living Space
In addition to three bedrooms, the home includes a dedicated bonus room perfect for a home office, gym, or guest suite, providing the flexibility modern buyers prioritize.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1976, the home may require modernization of its original systems and cosmetic finishes to align with contemporary luxury standards.
- High Price Per Square Foot
At a list price of nearly $1.6 million for 1,550 square feet, the property commands a high price-per-square-foot that may challenge value-oriented buyers.
About 423 Montecito Avenue
Welcome to this charming coastal home in sunny El Granada. 3 BR, 2 BA, with a formal dining room plus bonus room. Bonus room can used for office, guest room, gym or arts & crafts. Large corner lot. Just a short walk to the beach, the famous Mavericks, Pillar Point Harbor, walking and hiking trails, fine dining restaurants and so much more. Half Moon Bay, pumpkin capital of the world is just a short drive away.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 8,850 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,550 | 2,080 | 29% |
| Lot Size | 8,850 | 6,229 | 88% |
| Price | $1.60M | $1.60M | 50% |
| Price per sq ft | $1.0K | $836 | 88% |
| Built year | 1976 | 1986 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 176 | 12% |
Pricing History
Listed for Sale
Feb 24, 2026
$1,599,000
Initial Listing
Sold
Oct 23, 2024
$1,500,000
Public Record
Sold
Apr 7, 2000
$449,000
Public Record