870 Doud Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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870 Doud Street
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
3Beds
2Baths
1,318Sq Ft
8,000Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,339,458
8% AboveMARKET VALUE
SUMMARY
This historic Single Family Residence represents a Strong Value Opportunity, listed at $1,450,000—positioned well above the $1,318,549 Fair Market Value by -9%. While priced at a premium, the property features an Excellent Condition Rating with modern upgrades like quartz counters and solar. The expansive 8,000 sqft lot offers significant long-term potential, including a finished detached garage ready for ADU conversion. This home is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting the desirable Monterey market.
Estimated Market Value
$1,339,458
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 |
|---|---|---|---|---|---|---|
★ 870 Doud Street Subject 3 bd · 2 ba · 1,318 sqft · $1,016 | $1,450,000* List Price | 3 | 2 | 1,318 | $1,016 | - |
A 710 Woodcrest Lane Sold 3 bd · 2 ba · 1,646 sqft · $872 · 0.2 mi | $1,435,000 | 3 | 2 | 1,646 | $872 | 0.2 mi |
B 32 Via Ventura Sold 5 bd · 4 ba · 1,528 sqft · $998 · 0.4 mi | $1,525,000 | 5 | 4 | 1,528 | $998 | 0.4 mi |
C 115 Mar Vista Drive Sold 3 bd · 2 ba · 1,752 sqft · $882 · 0.7 mi | $1,545,000 | 3 | 2 | 1,752 | $882 | 0.7 mi |
D 14 Shady Lane Active Under Contract 3 bd · 2 ba · 1,433 sqft · $872 · 0.7 mi | $1,250,000 List Price | 3 | 2 | 1,433 | $872 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1930, this historic home has undergone extensive modern renovations that place it in mint condition. Key updates include a modern kitchen with quartz counters, bamboo flooring, and updated tile bathrooms. The property features high-end modern systems including solar panels, a water softener, and an instant hot water heater, indicating a comprehensive renovation likely within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1318.
- Prime Location and Views
Situated in the desirable Peter Gate area of downtown Monterey, this historic home offers beautiful Monterey Bay views and excellent proximity to downtown amenities and schools.
- Modernized Efficiency
The property is thoughtfully updated with quartz countertops and bamboo flooring, complemented by high-value sustainable features including solar panels and an instant hot water heater.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1318, other record living area = 1271.
- Utility Restrictions
The potential for an ADU is currently limited by local water availability, which may delay the immediate realization of the property's full development potential.
- Compact Living Footprint
At 1,318 square feet for a three-bedroom configuration, the interior living space is relatively modest, which may be a constraint for buyers seeking larger room volumes.
About 870 Doud Street
Historic home in great downtown Monterey area of Peter Gate by Monterey High School. With Bay views from the front of the house and large private lot. Bamboo floors with Tile in the Bathrooms. Quartz counters and nicely updated. Long stamped driveway for 4-5 cars. Detached garage is finished except for workshop. Ready to be an ADU when we have water. Primary on one side other 2 bedrooms on other side with jack and Jill bathroom and walk in closet. Extra features like Solar, soft water and instant hot water heater.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 8,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,318 | 1,795.679 |
| Lot Size | 8,000 | 8,154.071 |
| Price | $1.45M | $1.25M |
| Price per sq ft | $1.1K | $732 |
| Built year | 1930 | 1961 |
| HOA | $0 | $461 |
| Days on market | 42 | 61 |
Pricing History
Listed for Sale
Sep 12, 2026
$1,450,000
Initial Listing
Sold
Aug 19, 2010
$627,000
Public Record
Sold
Mar 31, 2003
$590,000
Public Record