642 Cypress Street, Monterey, California 93940, Monterey, 93940 - 2 bed, 1 bath
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Monterey, California 93940
This Charming Move-In Ready Cottage is listed at $925,000, offering a stable and fair acquisition at its $925,000 Fair Market Value. Boasting a Move-in Ready Condition Rating, the home benefits from high-cost infrastructure updates including a newer roof, updated electrical, and a completed sewer lateral. Residents enjoy an exceptional lifestyle with serene park views and immediate proximity to the prestigious Pacific Grove High School (9/10). Located walking distance to Cannery Row, this coastal sanctuary is ideal for first-time buyers or Owner-Occupants seeking timeless character and modern convenience.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 642 Cypress Street Subject | $925,000* List Price | 2 | 1 | 1,114 | $814 | - |
A 682 Lyndon Street Sold | $765,000 | 2 | 1 | 913 | $838 | 0.2 mi |
B 650 Grace Street Sold | $1,075,000 | 3 | 2 | 1,465 | $734 | 0.1 mi |
C 705 Grace Street Active Under Contract | $1,199,000 List Price | 3 | 2 | 1,354 | $886 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from significant high-cost infrastructure updates, including a newer roof, updated electrical panel, and a completed sewer lateral. While the 1929 cottage retains its original character and the kitchen and bathroom may require aesthetic modernization to meet contemporary styles, the fresh interior and exterior paint, new carpeting, and refinished hardwood floors indicate the home has been well-maintained and requires no immediate structural or systemic renovation.
High School: Pacific Grove High School (9/10).
Situated directly across from Cypress Street Park and within walking distance to Cannery Row and Pacific Grove, this property offers exceptional lifestyle convenience and high desirability in New Monterey.
Essential high-cost updates including a newer roof, updated electrical panel, and a completed sewer lateral are already finished, significantly reducing immediate maintenance burdens for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3485, other record lot size in square feet = 3700.
With only one bathroom serving two bedrooms, the layout may be less convenient for families or those hosting guests compared to more modern residential configurations.
The private carport is accessed via a shared driveway from Lily Street, which may impact privacy and ease of entry compared to a dedicated private driveway.
This 1,114-square-foot cottage offers two bedrooms and one bathroom in a highly desirable location across from Cypress Street Park in New Monterey. Brimming with character and potential, the home features hardwood floors, fresh interior and exterior paint, and new carpet. A private carport is accessed via a shared driveway from Lily Street. Important updates have already been completed, including a newer roof, updated electrical panel, and a completed sewer lateral. With these key improvements in place, you can focus on adding your own style and modern touches. Walking distance to Cannery Row and Pacific Grove, this property combines convenience, opportunity, and timeless coastal charm in an ideal choice for a home, vacation retreat, or investment.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 1,114 | 1,982 | 10% |
| Lot Size | 3,485 | 6,250 | 7% |
| Price | $925.0K | $1.19M | 19% |
| Price per sq ft | $830 | $674 | 73% |
| Built year | 1929 | 1960 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 174 | 54% |
Mar 9, 2026
$925,000
Initial Listing
Oct 29, 2025
$950,000
Initial Listing
Apr 28, 1999
$287,000
Public Record