461 Dela Vina Avenue 103, Monterey, California 93940, Monterey, 93940 - 2 bed, 1 bath
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Monterey, California 93940
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $599,900—positioned well above the $581,237 Fair Market Value by 3%. While priced slightly above market, the property offers a unique financial advantage through an assumable 2.3% VA loan, significantly lowering monthly carrying costs. Featuring a Good Condition Rating, the unit includes updated kitchen appliances, in-unit laundry, and two assigned parking spaces. This balance of coastal lifestyle and rare financing makes it an ideal acquisition for first-time buyers or Owner-Occupants seeking long-term affordability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 461 Dela Vina Avenue 103 Subject | $599,900* List Price | 2 | 1 | 900 | $646 | - |
A 820 Casanova Avenue 85 Sold | $585,000 | 2 | 1 | 860 | $680 | 0.5 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 | 0.8 mi |
D 420 Dela Vina Avenue 7 Sold | $550,000 | 2 | 2 | 884 | $622 | 0.1 mi |
E 820 Casanova Avenue 75 Sold | $485,000 | 1 | 1 | 637 | $761 | 0.5 mi |
F 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.9 mi |
G 820 Casanova Avenue 69 Active | $449,000 List Price | 2 | 1 | 860 | $522 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property is well-maintained and move-in ready. It features a tastefully updated bathroom, newer kitchen appliances, and updated flooring throughout. The pride of ownership and recent interior refreshes place it in the 'Good' category despite the building's age.
The property offers an assumable VA loan at a 2.3% interest rate, providing a rare and significant financial advantage in the current high-interest market.
This ground-floor, single-level unit includes two assigned parking spaces—one covered and one uncovered—offering superior convenience and ease of access.
The home is move-in ready with a tastefully updated bathroom, newer kitchen appliances, a cozy fireplace, and the highly desirable convenience of in-unit laundry.
The monthly HOA fee of $600 is relatively high for a 900-square-foot condo, which may impact the overall monthly affordability for budget-conscious buyers.
With only one bathroom serving two bedrooms, the layout may be less convenient for roommates or families compared to units offering a second half-bath.
Affordable Monterey Living in an Immaculate, Quiet Complex! Assumable VA financing at 2.3% this could be a great opportunity to take over an amazing interest rate! Discover this inviting ground-floor unit in a well-maintained, smaller complex conveniently located near Monterey's best restaurants, recreation, beaches, and vibrant coastal activities. Enjoy the ease of single-level living with easy access and a thoughtfully designed layout throughout. 2 assigned parking spaces provided for the unit. One located under the covered garage parking and one outside. This lovingly maintained home shows pride of ownership from the moment you step inside. It features a tastefully updated bathroom, a cozy fireplace int he living room, and a kitchen with newer appliances, including a dishwasher and garbage disposal. Additional conveniences include in-unit laundry, a large storage pantry, and covered parking. Everything you need for comfortable coastal living. With 900 square feet of efficiently designed space, each room feels open, functional, and welcoming.Whether you're ready to own instead of rent or seeking a smart investment opportunity in a desirable Monterey location,this home offers exceptional value in a peaceful, pristine setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 900 | 880 | 50% |
| Lot Size | 855 | 633.5 | 68% |
| Price | $599.9K | $592.5K | 50% |
| Price per sq ft | $667 | $673 | 50% |
| Built year | 1982 | 1977 | 73% |
| HOA | $600.0 | $619 | 45% |
| Days on market | 27 | 147 | 5% |
May 10, 2026
$599,900
Initial Listing
Dec 7, 2021
$530,000
Public Record
Oct 12, 2012
$155,500
Public Record
Oct 29, 2010
$190,000
Public Record
Jun 17, 1999
$153,500
Public Record