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700 Fernwood Ave, Monterey, CA, 93940

$2,735,000

4 Bedrooms
4 Full Baths, 1 Partial
3,059 SqFt
$894/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Attached Garage3 spaces
Year Built1983
HeatingCentral
CoolingNone
FireplaceLiving Room
ViewBay, Ocean
MLS #ML81956369
Lot Size0.22 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 700 Fernwood Ave

Located just up the hill from downtown Monterey's fantastic selection of restaurants, shops, and all the activities at Old Fisherman's Wharf, this beautifully renovated modern home and attached junior ADU with views of the bay and surrounding mountains provides all the comforts of home with style. With 4 bedrooms, 4.5 bathrooms, an office, and ~3,000 SqFt of light and bright living space, there is plenty of room to entertain friends and family. Highlights include the gourmet kitchen with a large island and breakfast bar leading out to the living room with fireplace, wet bar, luxurious primary suite with fireplace and steam shower, in-floor heating, 3-car garage, solar panels, mudroom/laundry, and an east-facing deck for watching the sun rise with your morning coffee. The home was built with high-quality construction and finishes, including German cabinetry, lagos azul limestone, marble countertops, and European white oak floors. With Big Sur to the south, and all the amenities of the Monterey Peninsula within a short drive, this beautiful home is ready for its next loving owners to move in and start enjoying this wonderful area.

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Stories: 1
  • Living Area: 3,059 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (831) 626-2221
  • Listing Agent: Tim Allen

Interior Features

Interior Information:

  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Bay, Ocean

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes

Virtual/3D Tour

  • 3D Tour: 700 Fernwood Ave

3D Tour

Lot Features

Lot Information:

  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

School Info

Assigned Schools Information:

  • Monterey High School, Public District Grades 9-12
  • Walter Colton, Public District Grades 6-8
  • Monte Vista, Public District Grades KG-5

Other

Directions Information:

  • Directions: Cross Street: Toyon Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,735,000
  • Price Per SqFt: $894/SqFt

Tax Information:

  • Annual Amount: $11,762
  • Tax Year: 2021
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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

$716

Avg. Days On Market

23

# of Sold Homes

12

700 Fernwood Ave vs Monterey

53 DAYS ON ROCKET

+30 Days

$2,735,000

+$1.6M More

$894/SqFt

+$177 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $177/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: #ML81956369

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (831) 626-2221
  • Listing Agent: Tim Allen

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: 4/28/2024, 12:55:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 29, 2005Home Sold
$1,200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,762$1,068,000
2020$10,393$970,000
2019$12,947$1,185,000
2018$10,810$1,155,000
2017$10,810$1,020,000

History based on county public records data.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,266

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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.

Elementary School

school-card-donut-1784116
6
/10
  • Monte Vista

  • 251 Soledad Dr

  • 0.43 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1784117
4
/10
  • Walter Colton

  • 100 Toda Vista Dr

  • 0.26 miles

  • Public District Grades 6-8

High School

school-card-donut-1784118
7
/10
  • Monterey High School

  • 101 Herrmann Dr

  • 0.87 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $112,946. The most common annual income of people living in Monterey, CA is between $100k-200k. The most common type of family 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 700 Fernwood Ave

What is the listing price of this property?

The listing price of 700 Fernwood Ave property is $2,735,000.

What type of property is this?

The property 700 Fernwood Ave is a house located in Monterey, California, 93940.

Is this property for sale now?

Accepting Backup Offers: 700 Fernwood Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 700 Fernwood Ave are:
Monte Vista: GreatSchools Rating 6/10
Walter Colton: GreatSchools Rating 4/10
Monterey High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,762 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 29, 2005 for $1,200,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 700 Fernwood Ave has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 700 Fernwood Ave is 3,059 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 700 Fernwood Ave is 1983.
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Rocket HomesCaliforniaMonterey CountyMonterey93940700 Fernwood Ave

This home is located at 700 Fernwood Ave in Monterey, CA and zip code 93940. This 3,059 square foot home, which was built in 1983, sits on a 0.22 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $2,735,000.

Monterey, CA housing market in March 2024 saw over 3 listings sold above listed price, more than 5 sold at listed price and over 3 sold below. The inventory of homes for sale in Monterey, CA between February 2024 and March 2024 increased by 16.9%. While the average time on the market in March 2024 was 23 days, the median list price was $1,050,000.

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

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