431 Ellis Street, King City, California 93930, King City, 93930 - 2 bed, 1 bath
Loading property details...
King City, California 93930
This Value-Add Residential Asset is listed at $398,000, representing a stable entry point aligned with its $398,000 Fair Market Value. Currently holding a Condition Rating of 4, the property serves as a high-potential opportunity featuring a newer roof and a 5,000-square-foot corner lot suited for ADU expansion or a workshop. Located within walking distance of downtown King City schools and parks, the site offers significant forced appreciation potential. This is a prudent acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 431 Ellis Street Subject | $398,000* List Price | 2 | 1 | 1,032 | $386 | - |
A 427 Ellis Street Sold | $385,000 | 2 | 1 | 918 | $419 | 0.0 mi |
B 214 Carlson Street Sold | $495,000 | 3 | 2 | 1,218 | $406 | 0.4 mi |
C 128 Sussex Way Pending | $470,000 List Price | 3 | 2 | 1,138 | $413 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1936, this property is significantly aged. While it features a newer roof and is maintained well enough for occupancy, the listing's emphasis on 'personal touches,' 'updates,' and 'building equity' indicates that the kitchen, bathroom, and internal systems are likely dated (20+ years) and require modernization.
The 5,000-square-foot corner lot provides significant space for adding an ADU, workshop, or backyard oasis, offering rare value-add opportunities in this price range.
The inclusion of a newer roof reduces immediate capital expenditure and provides peace of mind regarding the home's long-term maintenance.
Conveniently located within walking distance to schools, parks, and downtown King City, the property offers high accessibility for residents.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 4716.
The home needs personal touches and updates to meet modern aesthetic standards, which may require additional upfront investment from a buyer.
With only one bathroom for a two-bedroom home built in 1936, the layout may be less appealing to modern families or those seeking more convenience.
Opportunity knocks! This charming two-bedroom one-bath home sits on a desirable corner lot in Monterey County, offering a rare chance to own a property with extra space- something hard to find in newer developments. A newer roof and low -maintenance yard provide peace of mind, while the generous outdoor space opens the door for expansion- whether it is adding an ADU, a workshop, or designing your dream backyard. While the home could benefit from some personal touches and updates, it's a fantastic opportunity for a first-time buyer or investor to build equity and bring their vision to life. Conveniently located within walking distance to schools, parks, restaurants, shopping, downtown, this home offers both potential and accessibility. Don't miss this affordable opportunity to own a home with space, possibilities, and value in Monterey County!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.5 | 17% |
| Baths | 1.0 | 2.0 | 10% |
| Square foot | 1,032 | 1,550 | 10% |
| Lot Size | 5,000 | 5,620 | 33% |
| Price | $398.0K | $589.9K | 10% |
| Price per sq ft | $386 | $381 | 53% |
| Built year | 1936 | 2020 | 10% |
| HOA | $0 | $85 | 30% |
| Days on market | 425 | 174 | 0% |
Mar 10, 2026
$398,000
Initial Listing
Feb 21, 2025
$419,000
Initial Listing