685 Pine Street, Monterey, California 93940, Monterey, 93940 - 2 bed, 1 bath
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685 Pine Street
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
1,057Sq Ft
5,850Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,106,414
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $1,100,000—positioned well below the $1,106,414 Fair Market Value by 0.58%. This valuation gap offers $6,414 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant potential for cosmetic modernization to match its Panoramic Ocean Views. Located near the highly-rated Pacific Grove High School, this is a Buy-and-Hold Investor asset or an ideal project for Owner-Occupants seeking a coastal lifestyle with long-term appreciation potential.
Estimated Market Value
$1,106,414
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 685 Pine Street Subject 2 bd · 1 ba · 1,057 sqft · $1,047 | $1,100,000* List Price | 2 | 1 | 1,057 | $1,047 | - |
A 662 Oak Street Sold 3 bd · 1 ba · 1,125 sqft · $787 · 0.0 mi | $885,000 | 3 | 1 | 1,125 | $787 | 0.0 mi |
B 1201 Hoffman Avenue Sold 3 bd · 2 ba · 1,250 sqft · $816 · 0.2 mi | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.2 mi |
C 1199 Harrison Street Sold 2 bd · 2 ba · 1,473 sqft · $849 · 0.7 mi | $1,250,000 | 2 | 2 | 1,473 | $849 | 0.7 mi |
D 247 Belden Street Active 2 bd · 2 ba · 1,152 sqft · $866 · 0.4 mi | $998,000 List Price | 2 | 2 | 1,152 | $866 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1953, this property is significantly dated with original mid-century features such as interior doors, hardware, and fireplace. While the hardwood floors appear well-maintained or recently refinished, the lack of documented renovations to the kitchen, baths, or core systems in the last 20 years places it in the fair category, requiring cosmetic updates and likely infrastructure modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Pacific Grove High School (9/10).
- Prime Coastal Location
The property boasts exceptional walkability to world-class attractions including Cannery Row, the Monterey Bay Aquarium, and vibrant downtown dining and shopping.
- Panoramic Bay Views
Captures stunning, unobstructed ocean views of the Monterey Bay and sparkling city lights, providing a high-value aesthetic that defines the coastal lifestyle.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Limited Bathroom Count
With only one bathroom for a $1.1M price point, the home may present functional challenges for families or guests, potentially limiting the buyer pool.
- Small Interior Footprint
At just 1,057 square feet, the living space is relatively compact, which may feel restrictive for buyers seeking modern open-concept layouts or additional storage.
About 685 Pine Street
Experience the ultimate Monterey lifestyle at 685 Pine Street, Monterey. This charming 2 bedroom, 1 bathroom home captures the essence of coastal living with stunning ocean views of the Monterey Bay. Flooded with natural light, the inviting living spaces provide the perfect backdrop for watching the sparkling city lights. Close to Cannery row, the world famous Monterey Bay Aquarium and the vibrant dining and shopping of downtown Monterey. This rare gem offers an unbeatable combination of panoramic views and walkability.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,850 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Forest Grove Elementary School
Grades K-5 • 1.2 mi
6/10
Monte Vista
Grades K-5 • 1.6 mi
5/10
Pacific Grove Middle School
Grades 6-8 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.4 |
| Square foot | 1,057 | 1,795.679 |
| Lot Size | 5,850 | 8,154.071 |
| Price | $1.10M | $1.25M |
| Price per sq ft | $1.0K | $732 |
| Built year | 1953 | 1961 |
| HOA | $0 | $461 |
| Days on market | 26 | 61 |
Pricing History
Listed for Sale
Sep 28, 2026
$1,100,000
Initial Listing