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Backup Offers

311 Palo Verde Ave, Monterey, CA, 93940

$799,000

Home List Price

$9,488*

Closing Credit

3 Bedrooms
2 Full Baths
927 SqFt
$862/SqFt
House

Location

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311 Palo Verde Ave, Monterey$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Garage2 spaces
Year Built1940
HeatingWall Furnace
CoolingNone
FireplaceWood Burning
MLS #ML81978371
Lot Size0.15 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 311 Palo Verde Ave

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!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 0
  • Living Area: 927 SqFt

Listing Office:

  • Office Name: eXp Realty of California Inc
  • Listing Agent: The Russell Group

Interior Features

Interior Information:

  • Appliances: Refrigerator, Vented Exhaust Fan
  • Flooring Type: Carpet, Laminate
  • Interior: Utility Room
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

Other

Directions Information:

  • Directions: Cross Street: Encina Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,000
  • Price Per SqFt: $862/SqFt

Tax Information:

  • Annual Amount: $1,077
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Monterey, CA.

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Monterey, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$733

Avg. Days On Market

44

# of Sold Homes

25

311 Palo Verde Ave vs Monterey

84 DAYS ON ROCKET

+40 Days

$799,000

-$251.1K Less

$862/SqFt

+$128 More

KEY TAKEAWAY

This property is $251.1K less than the Median Sold Price and $128/SqFt more than other homes in Monterey, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81978371

Listing Office:

  • Office Name: eXp Realty of California Inc
  • Listing Agent: The Russell Group

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,077$84,030
2020$1,040$83,170
2019$1,044$81,540
2018$977$79,942
2017$977$78,376

History based on county public records data.

Payment Calculator

$4,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,462

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-448502
6
/10

  • La Mesa Elementary School

  • 1 La Mesa Way

  • 1.39 miles

  • Public District Grades KG-5

school-card-donut-448503
3
/10

  • Del Rey Woods Elementary School

  • 1281 Plumas Ave

  • 1.50 miles

  • Public District Grades KG-5

school-card-donut-448504
2
/10

  • Martin Luther King

  • 1713 Broadway Ave

  • 2.31 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,644. Typical income of Monterey, CA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 311 Palo Verde Ave

What is the listing price of this property?

The listing price of 311 Palo Verde Ave property is $799,000.

What type of property is this?

The property 311 Palo Verde Ave is a house located in Monterey, California, 93940.

Is this property for sale now?

Accepting Backup Offers: 311 Palo Verde Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,077 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 311 Palo Verde Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 311 Palo Verde Ave is 927 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 311 Palo Verde Ave is 1940.

Rocket Homes›California›Monterey County›Monterey›93940›311 Palo Verde Ave

This home is located at 311 Palo Verde Ave in Monterey, CA and zip code 93940. This 927 square foot home, which was built in 1940, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $799,000.

In October 2024 more than 0 listings in Monterey, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 18 were sold below. In October 2024 median list price was $1,050,166 and the average listing age was 44 days.

From Rocket Homes Real Estate and based on county public records data.

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