
Monterey, California 93940
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,196,756 Fair Market Value by a negligible margin, reflecting a stable, fair-market price. Featuring a Condition Rating of 3, the home offers modern upgrades like skylights, dual wall ovens, and hardwood floors. With proximity to top-rated Pacific Grove High School (9/10) and serene treetop views, this property provides a premium lifestyle. It is an ideal acquisition for Owner-Occupants or discerning professionals seeking a move-in ready coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 777 Parcel Street Subject | $1,199,000* List Price | 3 | 2 | 1,542 | $776 | - |
A 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.1 mi |
B 926 Roosevelt Street Sold | $1,048,000 | 3 | 2 | 1,532 | $684 | 0.8 mi |
C 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.3 mi |
D 650 Grace Street Sold | $1,075,000 | 3 | 2 | 1,465 | $734 | 0.2 mi |
E 705 Grace Street Sold | $1,150,000 | 3 | 2 | 1,354 | $849 | 0.1 mi |
F 1145 Harrison Street Sold | $1,485,000 | 3 | 2 | 1,638 | $907 | 0.7 mi |
G 1694 Prescott Avenue Pending | $1,099,000 List Price | 3 | 2 | 1,680 | $654 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1963, the property has undergone significant renovations likely within the 5-15 year range. The interior features modern recessed lighting, skylights, and a well-appointed kitchen with dual wall ovens and glazed cabinetry. The home is well-maintained, functional, and move-in ready with no immediate signs of structural or safety defects.
High School: Pacific Grove High School (9/10).
Situated in a highly coveted New Monterey enclave, this home offers exceptional proximity to world-class attractions including Cannery Row, Fisherman's Wharf, and the Monterey Bay shoreline.
The interior boasts sophisticated design elements such as soaring beamed ceilings, skylights that flood the space with natural light, and classic honey-toned hardwood floors.
Built in 1963, the home may require updates to its original systems or cosmetic finishes to align with contemporary energy efficiency and luxury standards.
While the property is near high-performing schools, the assigned district and nearby middle school ratings are varied, which may be a concern for education-focused families.
Tucked into New Monterey's beloved tree-lined streets, this charming home puts Cannery Row, Old Fisherman's Wharf, and the Monterey Bay just minutes away. Inside, the warm and versatile floor plan features distinct living spaces, one anchored by a wood-burning fireplace and honey-toned hardwood floors, another with soaring beamed ceilings and skylights that flood the room with natural light. The open dining area flows seamlessly into a well-appointed kitchen with glazed cabinetry and ample counter space. Peaceful bedrooms offer treetop views and a calm, restful atmosphere. Outside, a front brick patio sets the stage for effortless entertaining, while a tucked-away rear courtyard shaded by a sculptural tree offers a quiet retreat. Towering pines and mature landscaping create a sense of peaceful seclusion, making it easy to forget you're just moments from the heart of the city. Completed by a two-car garage and multiple outdoor living areas, this is a rare find in one of Monterey's most coveted enclaves.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,542 | 1,996 | 36% |
| Lot Size | 5,000 | 6,970 | 20% |
| Price | $1.20M | $1.19M | 53% |
| Price per sq ft | $778 | $669 | 66% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 183 | 2% |
May 14, 2026
$1,199,000
Initial Listing