This exceptional property presents a fantastic opportunity for both investors and owner-occupants. The main residence features 2 bedrooms, 1 full bathroom, and a cozy living room with a fireplace, all complemented by a spacious backyard. Additionally, the property includes a detached 1-bedroom unit situated above a detached garage, complete with its own entrance from the rear street. Both units are equipped with separate gas and Electric meters, making it ideal for living in one unit while renting out the other. Located just minutes from Downtown, and within close proximity to shops, restaurants, and the beach, this property offers unparalleled convenience. Priced to sell, this versatile gem is sure to capture the attention of potential buyers. This one is just waiting and ready for you to make it your own. Dont miss out on this rare find!
Sold for $850,000
$850,000
311 Palo Verde Ave, Monterey, CA 93940
3beds
927sqft
Single Family Residence, Residential
Built in 1940
6,534 Square Feet Lot
$915,100 Zestimate®
$917/sqft
$3,992 Estimated rent
Home value
$915,100
$833,000 - $1.02M
$3,992/mo
Zestimate® history
Owner options
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$3,992/mo
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$3,992/mo
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$5,443/mo
Est. payment
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$5,443/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
The Russell Group 70010200 831-320-0201,
eXp Realty of California Inc 888-584-9427
Bought with:
The Russell Group, 70010200
eXp Realty of California Inc
Source: MLSListings Inc,MLS#: ML81978371
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Utility Room
Bathroom
- Features: ShoweroverTub1, StallShower, Tile
Dining room
- Features: DiningArea, NoFormalDiningRoom
Family room
- Features: NoFamilyRoom
Kitchen
- Features: Countertop_Tile, ExhaustFan
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Exhaust Fan, Gas Oven/Range, Refrigerator
- Laundry: In Garage, Inside
Features
- Flooring: Carpet, Laminate, Vinyl Linoleum
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 927
- Total interior livable area: 927 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street, On Street
- Garage spaces: 2
Features
- Patio & porch: Balcony/Patio
- Exterior features: Back Yard, Fenced
- Fencing: Back Yard,Front Yard,Gate,Wood
Lot
- Size: 6,534 Square Feet
- Features: Level
Details
- Parcel number: 013091013000
- Zoning: R-1
- Special conditions: CourtConfMayBeReqd
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1940
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $917/sqft
- Tax assessed value: $548,810
- Annual tax amount: $6,637
- Date on market: 8/29/2024
- Listing agreement: Probate
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 11/18/2024 | Sold | $850,000+6.4%$917/sqft |
Source:  MLSListings Inc #ML81978371 Report a problem | ||
| 9/11/2024 | Contingent | $799,000$862/sqft |
Source: MLSListings Inc #ML81978371 Report a problem | ||
| 8/29/2024 | Listed for sale | $799,000$862/sqft |
Source: MLSListings Inc #ML81978371 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,637 +8.5% | $548,810 +2% |
| 2024 | $6,116 +452.3% | $538,050 +515.4% |
| 2023 | $1,107 | $87,424 +2% |
| 2022 | -- | $85,710 +2% |
| 2021 | $1,077 +3.5% | $84,030 +1% |
| 2020 | $1,041 -3.6% | $83,170 +2% |
| 2019 | $1,079 +3.3% | $81,540 +2% |
| 2018 | $1,045 +7% | $79,942 +2% |
| 2017 | $977 +1.7% | $78,376 +2% |
| 2016 | $960 +2.8% | $76,840 +1.5% |
| 2015 | $934 | $75,686 +2% |
| 2014 | $934 | $74,204 +2.5% |
| 2012 | -- | $72,422 +2% |
| 2011 | -- | $71,003 +0.8% |
| 2010 | -- | $70,474 +1.8% |
| 2008 | -- | $69,259 +4% |
| 2006 | -- | $66,572 +2% |
| 2005 | -- | $65,268 +2% |
| 2004 | -- | $63,989 +1.9% |
| 2003 | -- | $62,817 +2% |
| 2002 | -- | $61,587 +2% |
| 2001 | $636 | $60,380 +2% |
| 2000 | -- | $59,196 |
Find assessor info on the county website
Neighborhood: Villa Del Monte
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Nearby schools
GreatSchools rating
- 7/10La Mesa Elementary SchoolGrades: K-8Distance: 1.4 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- District: MontereyPeninsulaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$915,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$915,100
- California
- Monterey County
- Monterey
- 93940
- Villa Del Monte
- 311 Palo Verde Ave
Nearby cities
Nearby neighborhoods
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