5 months on rocket

457 Spencer St, Monterey, CA, 93940

$3,500,000

8 Bedrooms
5 Full Baths, 2 Partial
4,539 SqFt
$771/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
Attached Garage4 spaces
Year Built1975
HeatingCentral
FireplaceLiving Room
ViewBay, City Lights, Hills, Ocean, Water
MLS #ML81969369
Lot Size0.13 Acres
StatusActive

About 457 Spencer St

Attention 1031 exchangers, investors or even second home searchers!!! Here is a rare opportunity to own a unique New Monterey 4 unit apartment complex with a spacious apx 1934 SF penthouse on top featuring expansive views of Monterey Bay and city lights. Also rare is the fact that all 4 units have been remodeled with updated flooring, countertops, stainless steel appliances, new windows, sliding glass doors, and paint inside and out. The penthouse boasts 3 bedrooms and 2.5 baths including a primary suite, open beam ceilings and a wall of windows facing the Monterey Bay. There is a fireplace in the roomy living room, plus a dedicated dining room, ample kitchen, a dedicated laundry room and an apx. 151 SF deck. Below is a roughly 913 SF 2 bed, 1 bath unit and an approximately 714 SF 1 bed, 1 bath unit, both with bay views. Lastly, is an apx 978 SF 2 bedroom, 1.5 bath, townhouse style unit with the living space below and the bedrooms above w/ a private backyard. In total there is over 4500 SF of living space! Other amenities include 4 car garage, a community laundry room, a large storage area, several decks and new insulated top of the line garage doors. What a great opportunity to keep one for yourself and rent the rest out!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1975
  • Stories: 3
  • Living Area: 4,539 SqFt

Listing Office:

  • Office Name: KW Coastal Estates
  • Office Phone: (831) 622-6200
  • Listing Agent: Monterey Peninsul...

Interior Features

Interior Information:

  • Appliances: Double Oven, Dishwasher, Electric Cooktop, Gas Cooktop, Microwave, Range Hood, Vented Exhaust Fan
  • Flooring Type: Carpet, Concrete, Laminate, Tile, Wood
  • Interior: Walk-In Closet(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • View: Bay, City Lights, Hills, Ocean, Water

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central

Other

Directions Information:

  • Directions: Cross Street: Drake Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,500,000
  • Price Per SqFt: $771/SqFt
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Housing Market Comparison

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

Med. Sold Price

$1.0M

Med. Price/SqFt

$733

Avg. Days On Market

44

# of Sold Homes

25

457 Spencer St vs Monterey

162 DAYS ON ROCKET

+118 Days

$3,500,000

+$2.4M More

$771/SqFt

+$37 More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price and $37/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: #ML81969369

Listing Office:

  • Office Name: KW Coastal Estates
  • Office Phone: (831) 622-6200
  • Listing Agent: Monterey Peninsul...

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, 5:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$17.5K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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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-374978
9
/10
  • Robert Down Elementary School

  • 485 Pine Ave

  • 0.88 miles

  • Public District Grades KG-5

school-card-donut-374979
6
/10
  • Forest Grove Elementary School

  • 1065 Congress Ave

  • 1.35 miles

  • Public District Grades KG-5

school-card-donut-374980
5
/10
  • Monte Vista

  • 251 Soledad Dr

  • 1.41 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,657. Most Monterey, CA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 457 Spencer St

What is the listing price of this property?

The listing price of 457 Spencer St property is $3,500,000.

What type of property is this?

The property 457 Spencer St is a house located in Monterey, California, 93940.

Is this property for sale now?

Active Listing: 457 Spencer St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 457 Spencer St has 8 bedrooms and 5 full and 2 half bathrooms.

What is the square footage of this property?

The property 457 Spencer St is 4,539 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 457 Spencer St is 1975.
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Rocket HomesCaliforniaMonterey CountyMonterey93940457 Spencer St

This home is located at 457 Spencer St in Monterey, CA and zip code 93940. This 4,539 square foot home, which was built in 1975, sits on a 0.13 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $3,500,000.

Over 0 listings were sold over their listed price in October 2024 in Monterey, CA. In the same period over 18 listings were sold below the listed price and 7 listings were sold for the listed price. 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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