307 Monroe Street
Monterey, CA, 93940 $ 1,275,000
Bedrooms2 Baths2.0 Sq 1,475 Monthly Estimate*
$ 8,806
Listed by Robert Chestnut, Compass, robertchestnut@live.com
for $1,275,000 with 2 bedrooms and 2 full baths. This 1,475 square foot home was built in 1947 on a lot size of 0.1423.
Welcome to 307 Monroe Street an exceptional Old Monterey home offering rare walkability, a larger than typical 1,475 sq ft footprint, and a beautifully maintained 2BD/2BA layout on a generous 6,199 sq ft lot. This property delivers the charm of a classic Monterey neighborhood with the space, function, and lifestyle buyers struggle to find in this price band. The home features a bright, open living area, updated systems, and a detached garage ideal for ADU potential, studio use, or secure storage. The oversized lot provides privacy, expansion flexibility, and outdoor enjoyment uncommon for the area. Located just moments from Alvarado Street dining, the Wharf, the Library, and neighborhood parks, this address offers one of Monterey's most coveted walkable lifestyles. Additional advantages include a 2.25% assumable VA loan, expanding the buyer pool and enhancing affordability for qualified purchasers. With clean presentation, strong systems, and a location known for long term desirability, 307 Monroe stands out as a rare opportunity in one of Monterey's most stable micro-markets. Don't miss the chance to secure a home that blends charm, space, and walkability perfectly positioned for todays Monterey buyer.
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FeaturesGeneralLiving Area 1475
Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Close Of Escrow
Roof Composition
Appliances Electric Oven Disposal Refrigerator
Zoning Multi Family
Garage Spaces 1
Year Built 1947
Property Subtype Single Family Residence
County Monterey
New Construction false
Property Type Residential
HOA false
Attached Garage true
Garage Y/N true
Full Baths 2
Special Listing Conditions Standard
Status Active Under Contract
Directions Cross Street: Franklin
City Monterey
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 6200
Listing Terms Cal Vet Loan VA Loan
Property Attached Y/N false
Standard Status Active Under Contract
Occupancy Type Vacant
Year Built Source Assessor
Property Sub Type Additional Single Family Residence
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InteriorFlooring Carpet Tile Wood
Fireplace Features Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Total Bedrooms 2
Total Baths 2
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ExteriorParking Features Off Street
Total Parking 3
Lot Size Area 6200
Foundation Details Concrete Perimeter
Lot Size Acres 0.1423
Lot Size Source Assessor
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* Excluded FeaturesList ByRobert ChestnutListing Agent
robertchestnut@live.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $8,806
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Monterey, CA
Average List Price $1,910,124
Percent of Sale Price 50%
About Monterey, CA 29,815 Population
2% Since 2002
$ 74,167 Median Income
38.42 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/19/2026 | $1,275,000 | | Listed Price |