512 12th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 3 bath
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Pacific Grove, California 93950
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $1,750,000—positioned well below the $1,793,256 Fair Market Value by 2%. This valuation gap offers $43,256 in Instant Equity. Featuring a Good Condition Rating, the home includes gleaming hardwood floors, a modern kitchen, and a private deck. Located near top-rated schools like Robert Down Elementary and Pacific Grove High, this property is an ideal sanctuary for Owner-Occupants or discerning families seeking coastal charm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 512 12th Street Subject | $1,750,000* List Price | 3 | 3 | 1,950 | $895 | - |
A 302 Park Street Sold | $1,950,000 | 4 | 3 | 1,835 | $1,063 | 0.4 mi |
B 157 15th Street Sold | $1,848,000 | 3 | 3 | 2,105 | $878 | 0.3 mi |
C 791 Spruce Avenue Sold | $1,636,750 | 4 | 2 | 1,679 | $975 | 0.5 mi |
D 142 11th Street Sold | $1,570,000 | 2 | 2 | 1,655 | $949 | 0.3 mi |
E 801 Laurel Avenue Sold | $1,361,000 | 2 | 2 | 1,303 | $1,045 | 0.6 mi |
F 311 Walnut Street Sold | $1,500,000 | 3 | 2 | 1,481 | $1,013 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1966 but has undergone significant renovations. The kitchen and bathrooms are well-maintained and move-in ready, though the cabinetry style and black appliances suggest the updates occurred approximately 10-15 years ago. The home features gleaming hardwood floors and updated recessed lighting, placing it firmly in the 'Good' category.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of Pacific Grove, the property offers exceptional walkability to the historic downtown, local beaches, and the scenic coastline, maximizing the coastal lifestyle.
The home features high-end renovations including a modern kitchen, luxury baths, and gleaming hardwood floors, providing a move-in-ready experience with contemporary appeal.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1950, other record living area = 1704.
With a lot size of only 3,600 square feet, the property offers minimal outdoor space and yard area, which may be a drawback for buyers seeking significant garden or play space.
Originally built in 1966, the home may have underlying structural or utility limitations typical of its era that persist despite the extensive cosmetic and interior renovations.
Beautifully updated home in the heart of Pacific Grove. Just minutes from the historic downtown, schools, and the stunning Pacific Grove coastline. This warm home offers the perfect blend of convenience and coastal charm. Step inside to find gleaming hardwood floors that flow throughout the main living spaces, creating a warm and inviting atmosphere. The living room centers around a cozy fireplace, ideal for gathering on cool evenings. A thoughtfully updated kitchen features modern finishes and ample space for cooking and entertaining, while the renovated baths add a touch of luxury. Primary suite is a true retreat, complete with French doors that open to a private deck, perfect for morning coffee or unwinding at the end of the day. With its combination of timeless character and contemporary upgrades, this home captures the essence of Pacific Grove living, offering comfort, style, and proximity to everything that makes this community so special.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 84% |
| Square foot | 1,950 | 1,365 | 82% |
| Lot Size | 3,600 | 4,500 | 37% |
| Price | $1.75M | $1.45M | 69% |
| Price per sq ft | $897 | $1.0K | 24% |
| Built year | 1966 | 1950 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 146 | 2% |
May 12, 2026
$1,750,000
Initial Listing
Mar 28, 2003
$550,000
Public Record