451 Dela Vina 107, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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Monterey, California 93940
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $579,000—positioned well below the $669,756 Fair Market Value by 13%. This valuation gap provides $90,756 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the unit offers modern LVP flooring, updated fixtures, and superior sound insulation via brick walls. This move-in ready property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-quality, low-maintenance lifestyle in Monterey.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 451 Dela Vina 107 Subject | $579,000* List Price | 2 | 2 | 1,026 | $653 | - |
A 820 Casanova Avenue 85 Sold | $585,000 | 2 | 1 | 860 | $680 | 0.6 mi |
B 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 0.9 mi |
C 67 Montsalas Drive Sold | $699,000 | 2 | 2 | 1,116 | $626 | 0.9 mi |
D 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.9 mi |
E 461 Dela Vina Avenue 205 Active | $595,000 List Price | 2 | 1 | 970 | $613 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1965, the property has undergone a comprehensive recent renovation (likely <5 years) as evidenced by the modern LVP flooring, updated kitchen with stone countertops and contemporary black fixtures, and refreshed bathrooms. The unit is in mint, move-in ready condition with fresh paint and shampooed carpets, meeting the criteria for a recent high-quality renovation.
The property is exceptionally well-maintained with fresh paint, shampooed carpets, and modern upgrades, offering a turnkey solution for buyers seeking an immediate move-in.
The inclusion of brick walls between units serves as an excellent acoustic barrier, providing a level of privacy and noise reduction that is rare in multi-family condominium living.
The 1,026 sqft floor plan is thoughtfully designed with a rare bonus half-bath on the main level and a dedicated indoor laundry area, significantly increasing daily convenience.
The monthly association fee of $546 is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Built in 1965, the property may have aging common elements or building systems that could lead to future maintenance assessments despite the unit's recent cosmetic updates.
***Seller willing to pay 1yr HOA dues at close of escrow***Two-story 2-bedroom condo in a prime location! Features a shared full bath upstairs and the added convenience of a bonus half bath downstairs. Some walls are brick, providing an excellent barrier between the neighboring unit for added privacy and sound reduction. Freshly cleaned with shampooed carpets, fresh paint, and upgrades throughout. This one is a cutie with spacious bedrooms and lots of storage! Offering 1,026 square feet of thoughtfully designed living space, including an indoor laundry area within the unit, plus carport parking and a peaceful common area to enjoy. Move-in ready and full of charm!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,026 | 630 |
| Lot Size | 515 | 1,076 |
| Price | $579.0K | $591.8K |
| Price per sq ft | $564 | $698 |
| Built year | 1965 | 1970 |
| HOA | $546.0 | $737 |
| Days on market | 28 | 79 |
Jun 24, 2026
$579,000
Initial Listing