67 Montsalas Drive, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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Monterey, California 93940
This Single-Level End Unit Condominium is a Prime Investment Opportunity, listed at $699,000—positioned well below the $726,010 Fair Market Value by 3%. This valuation gap provides $27,010 in Instant Equity for the incoming buyer. Boasting a Good Condition Rating, the home features modern wide-plank flooring, vaulted ceilings, and a serene forested greenbelt view. Located near Foothill Elementary School, this residence balances financial upside with a tranquil lifestyle. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in-ready coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 67 Montsalas Drive Subject | $699,000* List Price | 2 | 2 | 1,116 | $651 | - |
A 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.1 mi |
B 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 0.1 mi |
C 1360 Josselyn Canyon Road 37 Sold | $740,000 | 2 | 2 | 1,123 | $659 | 0.7 mi |
D 53 Montsalas Drive Sold | $680,000 | 2 | 2 | 961 | $708 | 0.1 mi |
E 515 Ramona Court 1 Active | $569,000 List Price | 2 | 2 | 900 | $632 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained. While built in 1977, it features significant aesthetic updates including modern wide-plank flooring throughout, updated kitchen countertops, and a refreshed bathroom vanity with a black stone top. The vaulted ceilings and skylights enhance the contemporary feel. Although the cabinetry retains an older oak style, the overall quality and lack of deferred maintenance align with the 'Good' classification.
As a single-level end unit, this property offers superior privacy, accessibility, and increased natural light compared to standard interior units, making it highly desirable for a wide range of buyers.
The home is presented in move-in ready condition with high ceilings and an airy atmosphere, allowing for an immediate transition without the need for initial renovation investments.
The property features peaceful views of the surrounding park and greenbelt, providing a tranquil living environment while maintaining close proximity to Monterey Peninsula amenities.
The monthly HOA fee of $789 is relatively high for a two-bedroom condo, which may impact the overall affordability and debt-to-income ratio for prospective buyers.
Built in 1977, the property and the wider complex may face maintenance challenges or future special assessments common in developments approaching a 50-year lifecycle.
Beautiful end unit in Montsalas! Located within this peaceful yet conveniently situated community, you will enjoy easy access to all the Peninsula has to offer. High ceilings and abundant natural light create an airy, inviting atmosphere, while the thoughtful single-level layout provides both comfort and style. Close, convenient parking adds to the ease of everyday living. Move-in ready and waiting for you!
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 2.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,116 | 1,003.5 | 77% |
| Lot Size | 1,858 | - | 92% |
| Price | $699.0K | $602.5K | 69% |
| Price per sq ft | $626 | $661 | 42% |
| Built year | 1977 | 1977 | 50% |
| HOA | $789.0 | $619 | 77% |
| Days on market | 51 | 187 | 4% |
Mar 2, 2026
$699,000
Initial Listing
May 10, 2022
$800,000
Public Record
Feb 9, 2001
$380,000
Public Record
Nov 27, 1996
$210,000
Public Record
Jan 21, 1994
$200,000
Public Record