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721 Oak St, Monterey, CA, 93940

$1,250,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,758 SqFt
$711/SqFt
House

Location

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721 Oak St, Monterey$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Attached Garage1 space
Year Built1956
CoolingNone
FireplaceWood Burning
ViewOcean
MLS #ML81987608
Lot Size0.11 Acres
StatusActive

About 721 Oak St

Wonderful opportunity to customize your New Monterey Home! This home has an approved architectural plan and is currently pending final permit status with the City of Monterey. Bring your contractor and your funds and make this home your own! After repair value makes this a $1.8M home, it is ready for a new kitchen, appliances, bathrooms, paint and flooring. Estimated repairs are at $125k. Whether you are a flipper or someone who wants to put in their own sweat equity, this is your chance to own a home in Monterey at a discounted price and make it yours! Spacious lot. Slice of the ocean view from upstairs bedroom and balcony. Convenient location to Cannery Row, Shopping, Restaurants, the Presidio, the Wharf, and all that the beautiful Monterey Bay Peninsula has to offer.

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 2
  • Living Area: 1,758 SqFt

Listing Office:

  • Office Name: Bay Homes and Estates
  • Office Phone: (831) 521-2099
  • Listing Agent: Janeen Reavis

Interior Features

Interior Information:

  • Flooring Type: Wood
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Ocean

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Cooling: None

Other

Directions Information:

  • Directions: From Hwy 1 take Del Monte Blvd towards the Presidio, take Foam Street, Turn left on Prescott, Turn right on Oak St. Cross Street: Prescott

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $711/SqFt

Tax Information:

  • Annual Amount: $3,091
  • 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

$725

Avg. Days On Market

54

# of Sold Homes

10

721 Oak St vs Monterey

37 DAYS ON ROCKET

-17 Days

$1,250,000

+$200K More

$711/SqFt

-$15 Less

KEY TAKEAWAY

This property is $200K more than the Median Sold Price and $15/SqFt less than other homes in Monterey, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81987608

Listing Office:

  • Office Name: Bay Homes and Estates
  • Office Phone: (831) 521-2099
  • Listing Agent: Janeen Reavis

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: 1/7/2025, 2:20:57 AM 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$3,091$245,355
2020$2,610$242,840
2019$2,625$238,079
2018$2,435$233,412
2017$2,435$228,836

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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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-725368
9
/10

  • Robert Down Elementary School

  • 485 Pine Ave

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-725369
6
/10

  • Forest Grove Elementary School

  • 1065 Congress Ave

  • 1.09 miles

  • Public District Grades KG-5

school-card-donut-725370
5
/10

  • Monte Vista

  • 251 Soledad Dr

  • 1.50 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 $93,333. Typical income of Monterey, CA residents is between $100k-200k annually. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 721 Oak St

What is the listing price of this property?

The listing price of 721 Oak St property is $1,250,000.

What type of property is this?

The property 721 Oak St is a house located in Monterey, California, 93940.

Is this property for sale now?

Active Listing: 721 Oak St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,091 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 721 Oak St has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 721 Oak St is 1,758 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 721 Oak St is 1956.

Rocket Homes›California›Monterey County›Monterey›93940›721 Oak St

This home is located at 721 Oak St in Monterey, CA and zip code 93940. This 1,758 square foot home, which was built in 1956, sits on a 0.11 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 30, 2024 and is currently priced at $1,250,000.

Over 1 listings were sold over their listed price in December 2024 in Monterey, CA. In the same period over 7 listings were sold below the listed price and 2 listings were sold for the listed price. Between November 2024 and December 2024, Monterey, CA real estate market has seen decrease in the number of listings by 4.2%. The median list price of listings available in December 2024 was $1,050,000, while the average time on the real estate market was 54 days.

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

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