856 Fountain Avenue, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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856 Fountain Avenue
Monterey, California 93940
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,010Sq Ft
4,000Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,197,566
8% AboveMARKET VALUE
SUMMARY
This Single-Family Residence in the Peters Gate neighborhood represents a Strong Value Opportunity, listed at $1,299,000—positioned above the $1,197,567 Fair Market Value. While the property commands a premium, its Bay Views, Single-Level Accessibility, and prime location near downtown Monterey offer significant lifestyle appeal. With a Condition Rating of 4, the home is functional but provides a canvas for cosmetic updates to enhance long-term value. This property is an ideal acquisition for Owner-Occupants seeking a coastal retreat or first-time buyers prioritizing location and character.
Estimated Market Value
$1,197,566
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1950, this property is well-maintained but dated. The kitchen features older tile countertops, white appliances, and cabinetry that appear to be over 20 years old. While the home is functional and charming, it lacks recent major renovations to the primary systems and surfaces, fitting the criteria for a property needing minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated in the highly sought-after Peters Gate neighborhood, the property offers exceptional walkability to downtown Monterey, the harbor, and local dining.
- Coastal Views
The home features desirable bay views, a premium asset that significantly enhances the property's long-term value and aesthetic appeal.
- Single-Level Accessibility
The functional single-story layout with hardwood floors and a private primary suite patio provides an accessible and comfortable lifestyle sought by many buyers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1010, other record living area = 912.
- High Price Per Square Foot
At a list price of $1,299,000 for 1,010 square feet, the property commands a significant premium that may challenge appraisal values for some buyers.
- Limited Interior Footprint
The compact square footage and galley-style kitchen may feel restrictive for buyers accustomed to modern open-concept living or those requiring more expansive space.
About 856 Fountain Avenue
Classic Monterey Charm with Bay View in Peters Gate area Located in the highly sought-after Peters Gate neighborhood of Monterey, this charming single-level 2-bedroom, 2-bath home offers the perfect combination of classic character, comfortable living, and an exceptional location. Well sited with bay views and easy single-level living, inviting features including warm hardwood floors, a brick fireplace, and a functional galley kitchen with a convenient breakfast bar. The primary suite opens through sliding glass doors to a private rear patio, creating a peaceful outdoor retreat. A detached garage and abundant storage add everyday convenience, while the homes location puts you within easy walking distance of downtown Monterey, the harbor, restaurants, and local attractions. Whether you're looking for a full-time residence, a coastal retreat, or a home in one of Monterey's most desirable neighborhoods, this sweet property offers a wonderful opportunity to enjoy the best of the Monterey lifestyle. Dont miss the opportunity to make this classic Peters Gate home your own!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,010 | 1,795.679 |
| Lot Size | 4,000 | 8,154.071 |
| Price | $1.30M | $1.25M |
| Price per sq ft | $1.3K | $732 |
| Built year | 1950 | 1961 |
| HOA | $0 | $461 |
| Days on market | 12 | 61 |
Pricing History
Listed for Sale
Oct 12, 2026
$1,299,000
Initial Listing
Sold
Jun 7, 2022
$1,045,500
Public Record
Sold
Jul 30, 2020
$740,000
Public Record