423 Montecito Avenue, El Granada, California 94018, El Granada, 94018 - 3 bed, 2 bath
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El Granada, California 94018
This Single Family Residence represents a Strong Value Opportunity, listed at $1,500,000—positioned well below the $1,510,369 Fair Market Value by 0.68%. This valuation gap offers $10,369 in Instant Equity. With a Condition Rating of 3, the home features recent kitchen upgrades and an open layout. Its coastal location near Mavericks and Surfer's Beach provides significant lifestyle appeal. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-maintained home with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Montecito Avenue Subject | $1,500,000* List Price | 3 | 2 | 1,550 | $974 | - |
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.
Property is move-in ready.
Built in 1976 but recently updated with new quartz countertops, a new sink, and fresh interior paint. The home features move-in ready conditions with well-maintained hardwood floors, recessed lighting, and stainless steel appliances. While some structural elements like the stone fireplace and kitchen cabinetry are dated, the overall maintenance and recent cosmetic refreshments qualify it as functional and well-maintained.
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.
Ideally situated in the sunny El Granada area, the property offers exceptional lifestyle appeal with walking distance proximity to Surfer's Beach, the famous Mavericks, and scenic hiking trails.
The home features newly installed quartz countertops and a new sink within an open-concept kitchen and family room layout, providing a modern touch to the heart of the home.
With a construction date of 1976 and a mix of tile, carpet, and hardwood flooring, the interior may require further cosmetic updates to achieve a cohesive, modern aesthetic.
The use of a bonus room as a bedroom by previous owners suggests potential permit or egress limitations that may not align with official bedroom counts for financing or appraisal.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,550 | 1,290 |
| Lot Size | 8,882 | 5,000 |
| Price | $1.50M | $1.44M |
| Price per sq ft | $968 | $917 |
| Built year | 1976 | 1977 |
| HOA | $0 | $0 |
| Days on market | 21 | 55 |
Jul 1, 2026
$1,500,000
Initial Listing
Oct 23, 2024
$1,500,000
Public Record
Apr 7, 2000
$449,000
Public Record