423 Montecito Avenue, El Granada, California 94018, El Granada, 94018 - 3 bed, 2 bath
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423 Montecito Avenue
El Granada, California 94018
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,550Sq Ft
8,882Lot Size
Property Price
LIST PRICE$1,475,000
EST. MARKET VALUE
$1,500,000
SUMMARY
This Coastal Single Family Residence is a Strong Value Opportunity, listed at $1,475,000—positioned well below the $1,500,000 Fair Market Value by 1.67%. This valuation gap offers $25,000 in Instant Equity. Featuring a Condition Rating of 3, the home includes recent kitchen upgrades, a wood-burning fireplace, and a versatile bonus room. With its ocean view and proximity to Mavericks, this property balances lifestyle appeal with financial stability. It is an ideal acquisition for Owner-Occupants seeking coastal living or Buy-and-Hold Investors.
Estimated Market Value
$1,500,000
Based on Realkey algorithm analyzing recent comparable sales in El Granada.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Montecito Avenue Subject | $1,475,000* List Price | 3 | 2 | 1,550 | $968 | - |
A 123 Carmel Avenue Sold | $1,468,000 | 3 | 2 | 1,520 | $966 | 0.2 mi |
B 249 Sevilla Avenue Sold | $1,310,000 | 4 | 2 | 1,440 | $910 | 0.2 mi |
C 261 Coral Reef Avenue Sold | $1,550,000 | 4 | 3 | 1,770 | $876 | 0.4 mi |
D 140 Palm Beach Avenue Sold | $1,280,000 | 3 | 2 | 1,620 | $790 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1976, the property is well-maintained and move-in ready. It features recent cosmetic updates including new quartz countertops, a new kitchen sink, and updated bathroom vanities. While some elements like the bathroom shower tile remain dated, the functional systems (central forced air) and overall interior condition meet the criteria for a well-maintained, functional home.
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 = 8882, living area = 1550.
- Prime Coastal Location
Situated in the desirable 'sunny' side of El Granada, this home offers ocean views and exceptional proximity to Surfer’s Beach, the famous Mavericks, and scenic hiking trails.
- Recent Kitchen Upgrades
The home features newly installed quartz countertops and a new sink, enhancing the open-concept kitchen and family room area for a more modern aesthetic.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 59 days on market and a recent price reduction, the property is experiencing slower absorption, which may indicate initial overpricing or buyer hesitation.
- Vintage Construction Elements
Built in 1976, the home features a mix of tile, carpet, and hardwood that may require further modernization to meet the standards of contemporary luxury buyers.
About 423 Montecito Avenue
Charming coastal home in sunny El Granada with ocean view. This 3-bedroom, 2-bath home offers 1,550 sq ft of living space on an 8,882 sq ft lot. The interior features a combination of tile, carpet, and hardwood flooring throughout. Enjoy warmth from a wood-burning fireplace and central forced air heating. It was pulled out of the market to add new quartz countertops and new sink. The kitchen and family room are combined, providing an open layout that includes a dedicated dining area. Ceiling fans contribute to air circulation. The property includes a 2-car garage and is within the Cabrillo Unified elementary school district. Bonus room used as bedroom by previous owner. This residence balances functional living spaces with comfortable amenities in a desirable location. Just a short walk to surfer's beach, the famous Mavericks, hiking and walking trails. Minutes away from pumpkin capital of the world Half Moon Bay. PRICE REDUCED.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 8,882 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 | 3.3 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,550 | 1,601.667 |
| Lot Size | 8,882 | 5,611 |
| Price | $1.48M | $1.47M |
| Price per sq ft | $952 | $933 |
| Built year | 1976 | 1980 |
| HOA | $0 | $0 |
| Days on market | 70 | 65 |
Pricing History
Listed for Sale
Jul 29, 2026
$1,475,000
$1,500,000
-2% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$1,500,000
Initial Listing
Sold
Oct 23, 2024
$1,500,000
Public Record
Sold
Apr 7, 2000
$449,000
Public Record