
Monterey, California 93940
This Versatile Single Family Residence is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,212,882 Fair Market Value by 1%. This valuation gap offers $12,882 in Instant Equity. The property is in Good Condition, featuring recent cosmetic refreshes, panoramic bay views, and a flexible layout with a separate lower-level entrance. Located near Pacific Grove High School (9/10), it balances lifestyle appeal with income potential. This is an ideal acquisition for Owner-Occupants seeking a "house hack" or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 819 Newton Street Subject | $1,200,000* List Price | 3 | 3 | 1,492 | $813 | - |
A 777 Parcel Street Sold | $1,200,000 | 3 | 2 | 1,542 | $778 | 0.3 mi |
B 881 Terry Street Sold | $1,190,000 | 3 | 3 | 1,849 | $644 | 0.2 mi |
C 640 Alice Street Sold | $1,100,000 | 3 | 2 | 1,294 | $850 | 0.4 mi |
D 1694 Prescott Avenue Sold | $1,036,000 | 3 | 2 | 1,680 | $617 | 0.3 mi |
E 721 Oak Street Sold | $1,350,000 | 4 | 3 | 1,758 | $768 | 0.1 mi |
F 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.2 mi |
G 926 Roosevelt Street Sold | $1,048,000 | 3 | 2 | 1,532 | $684 | 0.9 mi |
H 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.4 mi |
I 814 Parcel Street Active Under Contract | $1,125,000 List Price | 3 | 2 | 1,477 | $762 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1910, the property has been well-maintained and recently refreshed with new interior/exterior paint, new carpet, and new flooring. The kitchen and bathrooms appear functional and clean, and the overall condition is move-in ready, placing it in the 'Good' category despite its chronological age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1492.
High School: Pacific Grove High School (9/10).
Ideally situated near Cannery Row and the Monterey Bay Aquarium, the home offers beautiful bay views from the upstairs living room and primary bedroom, capturing the quintessential Monterey lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7500.
Built in 1910, the property's age may necessitate more frequent maintenance or updates to foundational systems compared to modern constructions.
At 1,492 square feet for a 3-bedroom home, the individual room sizes and common areas may feel constrained for buyers seeking a more expansive floor plan.
Enjoy the best of Monterey living in this 3 bedroom, 2.5 bath home ideally located just up the hill from Cannery Row, the Monterey Bay Aquarium, shopping, dining, and the waterfront. Bay views from the upstairs living room and primary bedroom provide a beautiful backdrop, while the lower level adds valuable additional living space. Fresh interior and exterior paint, new carpet in the upstairs bedrooms, and new flooring in the upstairs living room give the home a refreshed feel. Downstairs, a separate living/family room, bedroom, and full bath, along with two separate entrances, create an ideal setup for guests, extended family, a home office, or potential separate rental space. The upstairs also offers two convenient entrances, one at the front of the home and another at the rear near the detached garage, providing easy access from multiple areas of the property. Outside, a large backyard deck provides plenty of space for relaxing, entertaining, or enjoying the Monterey climate, while a separate detached garage offers additional parking and storage. With versatile living areas, bay views, multiple points of access, and a location close to some of Monterey's most iconic attractions, this home offers a unique opportunity to enjoy everything the Monterey Peninsula has to offer.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,492 | 1,869.953 |
| Lot Size | 7,405 | 7,748.977 |
| Price | $1.20M | $1.35M |
| Price per sq ft | $804 | $729 |
| Built year | 1910 | 1962 |
| HOA | $0 | $431 |
| Days on market | 21 | 50 |
Aug 19, 2026
$1,200,000
Initial Listing
Jan 10, 2000
$390,000
Public Record
Jul 16, 1999
$275,000
Public Record