2 months on rocket

989 Madison St, Monterey, CA, 93940

$1,795,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,784 SqFt
$1,006/SqFt
House

Location

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989 Madison St, Monterey$1,795,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGuest, Off Street, Uncovered
Year Built1931
HeatingFireplace(s)
CoolingNone
FireplaceLiving Room, Wood Burning
ViewNeighborhood, Trees/Woods
MLS #ML81983702
Lot Size0.15 Acres
StatusActive

About 989 Madison St

Rare opportunity to own this 1931 Mediterranean gem in Old Town Monterey, on an oversized, wooded lot at the end of Not a Through Street. 3 Bedrooms, detached Guest Bedroom, 2.5 Baths. Solid bones, original hardwood floors, wood framed windows, Carmel stone patio. The living room features a wood burning fireplace with hand-hewn Carmel stone, built-in bookcases, garden views and French doors leading to a chandelier-lit dining room. The original kitchen has a separate pantry and BBQ/picnic area. The primary bedroom and bath, added in 1994, are bathed in light from the walls of windows and French doors. Fully fenced-in grounds feature drought-tolerant gardens, and a large back yard with paved piazza for outdoor entertaining. There is a driveway with a separate parking pad, woodshed and gardening shed. You can be the third owner of this custom-built crown jewel, hidden away in the heart of Monterey.

Property Details

Property Features

Property Information:

  • Architectural Style: Mediterranean, Spanish
  • Year Built: 1931
  • Stories: 1
  • Living Area: 1,784 SqFt

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (831) 624-1566
  • Listing Agent: Michele Altman

Interior Features

Interior Information:

  • Appliances: Freezer, Refrigerator, Range Hood, Vented Exhaust Fan
  • Flooring Type: Concrete, Tile, Wood
  • Fireplace: Living Room, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Neighborhood, Trees/Woods

Parking Information:

  • Attached Garage: No
  • Parking: Guest, Off Street, Uncovered

Lot Features

Lot Information:

  • Lot: Secluded
  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s)
  • Cooling: None

Other

Directions Information:

  • Directions: Cross Street: Monroe

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,795,000
  • Price Per SqFt: $1,006/SqFt

Tax Information:

  • Annual Amount: $2,758
  • 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

$722

Avg. Days On Market

57

# of Sold Homes

13

989 Madison St vs Monterey

64 DAYS ON ROCKET

+7 Days

$1,795,000

+$770K More

$1,006/SqFt

+$283 More

KEY TAKEAWAY

This property is $770K more than the Median Sold Price and $283/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: #ML81983702

Listing Office:

  • Office Name: Sotheby's International Realty
  • Office Phone: (831) 624-1566
  • Listing Agent: Michele Altman

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: 12/18/2024, 1:20:58 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$2,758$242,601
2020$2,655$240,115
2019$2,674$235,408
2018$2,481$230,793
2017$2,481$226,269

History based on county public records data.

Payment Calculator

$9,026

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,448

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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-4299585
5
/10

  • Monte Vista

  • 251 Soledad Dr

  • 0.65 miles

  • Public District Grades KG-5

school-card-donut-4299586
9
/10

  • Robert Down Elementary School

  • 485 Pine Ave

  • 1.46 miles

  • Public District Grades KG-5

school-card-donut-4299587
6
/10

  • Forest Grove Elementary School

  • 1065 Congress Ave

  • 1.53 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 $120,127. Typical income of Monterey, CA residents is between $100k-200k annually. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 989 Madison St

What is the listing price of this property?

The listing price of 989 Madison St property is $1,795,000.

What type of property is this?

The property 989 Madison St is a house located in Monterey, California, 93940.

Is this property for sale now?

Active Listing: 989 Madison 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 $2,758 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 989 Madison St has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 989 Madison St is 1,784 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 989 Madison St is 1931.

Rocket Homes›California›Monterey County›Monterey›93940›989 Madison St

This home is located at 989 Madison St in Monterey, CA and zip code 93940. This 1,784 square foot home, which was built in 1931, sits on a 0.15 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,795,000.

Over 3 listings were sold over their listed price in November 2024 in Monterey, CA. In the same period over 9 listings were sold below the listed price and 1 listings were sold for the listed price. The number of homes for sale in Monterey, CA decreased by 11% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,025,000, while the average time on the real estate market was 57 days.

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

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