953 W Franklin Street, Monterey, California 93940, Monterey, 93940 - 4 bed, 2 bath
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953 W Franklin Street
Monterey, California 93940
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,420Sq Ft
4,200Lot Size
Property Price
LIST PRICE$1,398,000
EST. MARKET VALUE
$1,248,193
12% AboveMARKET VALUE
SUMMARY
This Historic Single Family Residence is a High-Potential Investment Opportunity, listed at $1,398,000—positioned above the $1,248,194 Fair Market Value. While priced at a premium, the property offers a Condition Rating of 3, featuring a modern kitchen and updated bathrooms within a 1911 architectural framework. Key highlights include Spectacular Bay Views, a deep driveway, and a detached garage on a unique keyhole lot. This home is an ideal acquisition for Owner-Occupants seeking a character-rich lifestyle or Buy-and-Hold Investors targeting the desirable Monterey market.
Estimated Market Value
$1,248,193
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 |
|---|---|---|---|---|---|---|
★ 953 W Franklin Street Subject 4 bd · 2 ba · 1,420 sqft · $879 | $1,398,000* List Price | 4 | 2 | 1,420 | $879 | - |
A 814 Parcel Street Sold 3 bd · 2 ba · 1,477 sqft · $694 · 0.8 mi | $1,025,000 | 3 | 2 | 1,477 | $694 | 0.8 mi |
B 668 Alice Street Sold 4 bd · 3 ba · 1,500 sqft · $883 · 0.7 mi | $1,325,000 | 4 | 3 | 1,500 | $883 | 0.7 mi |
C 777 Parcel Street Sold 3 bd · 2 ba · 1,542 sqft · $778 · 0.8 mi | $1,200,000 | 3 | 2 | 1,542 | $778 | 0.8 mi |
D 640 Alice Street Sold 3 bd · 2 ba · 1,294 sqft · $850 · 0.7 mi | $1,100,000 | 3 | 2 | 1,294 | $850 | 0.7 mi |
E 748 Alice Street Sold 3 bd · 2 ba · 1,414 sqft · $698 · 0.8 mi | $987,575 | 3 | 2 | 1,414 | $698 | 0.8 mi |
F 721 Oak Street Sold 4 bd · 3 ba · 1,758 sqft · $768 · 0.7 mi | $1,350,000 | 4 | 3 | 1,758 | $768 | 0.7 mi |
G 1201 Hoffman Avenue Sold 3 bd · 2 ba · 1,250 sqft · $816 · 0.6 mi | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.6 mi |
H 701 Archer Street Sold 3 bd · 3 ba · 1,897 sqft · $896 · 0.8 mi | $1,700,000 | 3 | 3 | 1,897 | $896 | 0.8 mi |
I 680 Parcel Street Active 3 bd · 2 ba · 1,444 sqft · $865 · 0.7 mi | $1,249,000 List Price | 3 | 2 | 1,444 | $865 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1911, the property has undergone significant renovations. The kitchen features stainless steel appliances and stone countertops, and the bathrooms are updated and well-maintained, appearing to be within the 5-15 year renovation window. The basement shows evidence of updated systems including PEX plumbing, and the overall condition is move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Spectacular Bay Views
The property offers breathtaking views of the Monterey Bay and city lights, significantly increasing its desirability and long-term value.
- Historic Charm & Modern Updates
This 1911 home blends original architectural details and hardwood inlays with a modern kitchen and updated bathrooms, offering a turnkey vintage experience.
- Functional Lot Features
The inclusion of a deep driveway, detached garage, and basement on a unique keyhole lot provides rare storage and expansion potential for the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1420, other record living area = 1336. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Century-Old Home Maintenance
Being built in 1911, the property may require ongoing maintenance or future upgrades to aging infrastructure typical of historic residences.
- Modest School Ratings
The local middle school is rated below average (3/10), which may be a consideration for families prioritizing top-tier educational districts.
About 953 W Franklin Street
Must be experienced in person. Step back in time to enjoy the details of a home built during a slower time. Perched up the hill in Old Monterey, this home was built circa 1911 and certainly has stories to tell. Inside the gorgeous hardwood floors with an inlay and architectural features mix with all of the modern amenities to compete for attention - only to lose to the spectacular views of the Monterey Bay during the day and the twinkle of the city lights after dark. Updated kitchen and two full bathrooms and a designer sitting room/office are just a few perks. The deep driveway, detached garage with a separate art studio/exercise/storage space, basement, and a keyhole lot provide a wealth of opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1911
- Lot Size
- 4,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 0.9 mi
5/10
Walter Colton
Grades 6-8 • 0.8 mi
3/10
Monterey High School
Grades 9-12 • 0.4 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,420 | 1,795.679 |
| Lot Size | 4,200 | 8,154.071 |
| Price | $1.40M | $1.25M |
| Price per sq ft | $985 | $732 |
| Built year | 1911 | 1961 |
| HOA | $0 | $461 |
| Days on market | 14 | 61 |
Pricing History
Listed for Sale
Oct 10, 2026
$1,398,000
Initial Listing