229 Monterey Avenue

Outstanding location and extremely rare offering. Build your dream homes or investment rentals. Recently surveyed and the properties potential has been investigated with a local land use planner. Over 15k lot! Highest and best use is to subdivide into a two lots of a minimum of 5000sf each. Many possible options: 1) Renovate the Main House and build a New Home with ADU on a new lot after MLD. 2) Build multiple residential . Lot is zoned RM which will allow a duplex and maybe more. Current Home is on a local list for potential historical site for Capitola. Its not on any state site. Any desire to remove the home would require an application for removal with the city and be evaluated by an architectual historian. Property next door at 233 Monterey is a 1/1 with 460 sf of interior space and approx.1800sf lot is for sale separately and may need to be purchased together with 229 Monterey.

Days on Market

197 days

Current Status

Contingent

Sold Price

Original Price

$3,500,000

List Price

$2,200,000

On Market Date

Jul 22, 2024

Contract Date

Dec 14, 2024

Close Date

Mar 14, 2025

Property Type

Single Family Home

Area

44 - Capitola

Zip Code

95010

MLS ID

ML81971670

APN

035-163-33-000

Year Built

1920

Stories in Building

1

Possession

COE

COE

Mar 14, 2025

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

1

Parking

0

Common Parking Area, Parking Area

SQ FT

1,424

SQ FT Source

Unavailable

Lot SQ FT

15,246.0

Lot Acres

0.35 Acres

Cooling

None

Dining Room

Dining Area

Disclosures

NHDS Report

Family Room

No Family Room

Foundation

Concrete Perimeter, Concrete Perimeter and Slab

Heating

Floor Furnace

Possession

COE

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

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