For sale

Price cut: $150K (6/29)

$1,490,000

947 W Franklin St, Monterey, CA 93940

6beds

2,063sqft

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Single Family Residence, Residential

Built in 1928

6,860 Square Feet Lot

$1,428,200 Zestimate^®

$722/sqft

$-- HOA

What's special

This "fixer upper" ornate Queen Anne Victorian with spectacular views of Monterey Bay from high, in "Old Town Monterey Heights" is perfect for inspiration and creativity. With separate water and PG&E meters for 2 buildings on one property, the main residence offers 4 beds, 2.5 baths, and just over 2,000 SF of living space. Showcasing timeless architectural details, beautiful woodwork, and a rustic stone fireplace, this house has class. While public records list the construction date as 1928, there is speculation it may date back to 1907. Cherished by the same family for more than 50 years, the property presents a rare opportunity to restore a Victorian home to its original grandeur. Adding to its appeal is a 935 SF potential art studio in the 3rd floor attic with an adjoining sun deck. The 800 SF rear house is a real asset, with 2 bedrooms, 2 baths, ideal for extended family, rental income, or creative use. Another bonus is ample driveway parking for up to 7 cars and a garage/shop.

64 days

2,601

120

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Dining room

Features: BreakfastBar, DiningArea

Family room

Features: SeparateFamilyRoom

Heating

Fireplace(s), Floor Furnace

Cooling

None

Appliances

Included: None, Other
Laundry: Other, Inside

Features

Flooring: Hardwood, Wood
Number of fireplaces: 1
Fireplace features: Living Room, Wood Burning

Interior area

Total structure area: 2,063
Total interior livable area: 2,063 sqft

Property

Parking

Total spaces: 4
Parking features: Detached, Off Street, On Street, Parking Area

Features

Stories: 2

Lot

Size: 6,860 Square Feet

Details

Additional structures: Zoned2ndUnit
Parcel number: 001342005000
Zoning: Multi
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Victorian
Property subtype: Single Family Residence, Residential

Materials

Foundation: Concrete Perimeter, Crawl Space
Roof: Composition, Shingle

Condition

New construction: No
Year built: 1928

Utilities & green energy

Gas: IndividualGasMeters
Water: Public
Utilities for property: Water Public

Community & HOA

Location

Region: Monterey

Financial & listing details

Price per square foot: $722/sqft
Tax assessed value: $210,575
Annual tax amount: $2,659
Date on market: 5/15/2026
Listing agreement: ExclusiveRightToSell

Estimated market value

$1,428,200

$1.36M - $1.50M

$5,825/mo

Price history

Date	Event	Price
6/29/2026	Price change	$1,490,000-9.1%$722/sqft
Source: MLSListings Inc #ML82047458 Report a problem
6/16/2026	Price change	$1,640,000-6.3%$795/sqft
Source: MLSListings Inc #ML82047458 Report a problem
5/15/2026	Listed for sale	$1,750,000$848/sqft
Source: MLSListings Inc #ML82047458 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,659 +9.1%	$210,575 +2%
2024	$2,437 +72%	$206,447 +68.6%
2023	$1,417 +1.4%	$122,468 +2%
2022	$1,397 +1.5%	$120,067 +2%
2021	$1,377 +3.6%	$117,714 +1%
2020	$1,330 -3.9%	$116,507 +2%
2019	$1,384 +3.7%	$114,223 +2%
2018	$1,334 +7.2%	$111,984 +2%
2017	$1,245 +1.8%	$109,789 +2%
2016	$1,223 +3.1%	$107,637 +1.5%
2015	$1,187	$106,022 +2%
2014	$1,187	$103,946 +2.5%
2012	--	$101,449 +2%
2011	--	$99,461 +0.8%
2010	--	$98,719 -0.2%
2009	--	$98,954 +2%
2008	--	$97,014 +2%
2007	--	$95,113 +2%
2006	--	$93,249 +2%
2005	--	$91,422 +2%
2004	--	$89,630 +1.9%
2003	--	$87,988 +2%
2002	--	$86,264 +2%
2001	$793	$84,573 +2%
2000	--	$82,914

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: Old Town

Getting around

67 / 100

Somewhat Walkable

41 / 100

Some Transit

48 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

6/10
Monte Vista
Grades: K-8Distance: 0.8 mi
8/10
Monterey High School
Grades: 9-12Distance: 0.5 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.