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457 Spencer St, Monterey, CA, 93940
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457 Spencer St Monterey, CA, 93940

$3,500,000 Home for sale 8 beds 4,539 sqft

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!
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Property details

4,539 sqft interior area
Property type
Home
Interior area
4,539 sqft
View
Bay, City Lights, Hills, Water
Land area
5,662 sqft (0.13 acres)
Price per sqft
$771/sqft
Days on Verhouse
15
Address
457 Spencer St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1975
District
Listing
Virtual Tour

Open Houses

No upcoming open houses

Interior Features

Concrete, Hardwood, Laminate, Tile floors
Beds
8
Floors
Concrete, Hardwood, Laminate, Tile
Laundry Features
Coin Operated
Heathing & Cooling
Ceiling Fan(s), Forced Air

Listed by

Monterey Peninsula Home Team, KW Coastal Estates
Name
Monterey Peninsula Home Team
License number
70000352
Brokerage company
KW Coastal Estates
MLS #
ML81962259

Payment calculator

Calculate your monthly payments
Mortgage
$10,746
Taxes
$0
HOA dues
$0
$10,746 per month
Mortgage
$700,000 / 20%
2.28%
30 years
Your amount $10,746 / month

Exterior Features

Yard
Back Yard

Lot details

TMK #001099005000
Parcel nr.
001099005000

93940 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data

People living in 93940

34%
Families with children
National average: 39%
43%
Non family households
100,095
Population
$128,944
Average Income

Age & gender

Median age 46 years
More info

Commute types

77% commute by car
More info

Education level

26% have bachelor education
More info

Number of employees

6% work in education and healthcare
More info

Vehicles available

40% have 2 vehicle
More info

Vehicles by gender

40% have 2 vehicle
More info

Housing market insights for

$1.48m
Neighborhood average
sales price*
$1.23m
Neighborhood median
sales price*
162
Number
of sales*

Housing type

56% are single detacheds
More info

Rooms

35% of the houses have 4 or 5 rooms
More info

Bedrooms

63% have 2 or 3 bedrooms
More info

Owners vs Renters

52% are owners
More info
10.33 / 20
Below Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

New Listing Apr 19, 2024
Date Event Price $/sqft Source
Apr 19, 2024 New Listing $3,500,000 +85.19% 771.09 MLS #ML81962259
Apr 3, 2017 Sold $1,890,000 416.39 Public Record
Apr 3, 2017 Price Decrease $1,890,000 -14.09% 416.39 MLS #ML81637710
Feb 10, 2017 Under contract $2,200,000 484.69 MLS #ML81637710
Feb 3, 2017 New Listing $2,200,000 484.69 MLS #ML81637710

Taxes of 457 Spencer St, Monterey, CA, 93940

R3 zoning / MLS #ML81962259
Zoning
R3

Agent viewpoints of 457 Spencer St, Monterey, CA, 93940

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Frequently Asked Questions about 457 Spencer St

What is 457 Spencer St?

457 Spencer St, Monterey, CA, 93940 is a single family home located in the city of Monterey, California with zipcode 93940. This single family home has 8 bedrooms with an interior area of 4,539 sqft.

Which year was this home built?

This home was build in 1975.

What is the full address of this Home?

457 Spencer St, Monterey, CA, 93940.

Are grocery stores nearby?

The closest grocery stores are Andronico's, 0.53 miles away and Safeway 0761, 1.02 miles away.

What is the neighborhood like?

The 93940 zip area has a population of 100,095, and 34% of the families have children. The median age is 46.15 years and 77% commute by car. The most popular housing type is "single detached" and 52% is owner.

Based on information from the bridgeMLS as of 05-03-2024. 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. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: Apr 26, 2024
Verhouse Last checked 3 minutes ago

457 Spencer St, Monterey, CA, 93940 is a single family home located in the city of Monterey, California with zipcode 93940. This single family home has 8 bedrooms with an interior area of 4,539 sqft on a 5,850 sqft sqft lot. This house was build in 1975.
The closest grocery stores are Andronico's, 0.53 miles away and Safeway 0761, 1.02 miles away.
The 93940 zip area has a population of 100,095, and 34% of the families have children. The median age is 46.15 years and 77% commute by car. The most popular housing type is "single detached" and 52% is owner.

*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.

Home For sale $3.5m 457 Spencer St, Monterey, CA, 93940 8 beds / 4,539 sqft Save House Remove from Saved