About This Home

This 2-bedroom, 2-bathroom single family at 307 Monroe Street in Monterey, CA is listed for $1,275,000 ($864 per sqft). Built in 1947, the home offers 1,475 sqft of living space on a 0.14 acres lot.

Key Features

  • Built in 1947
  • 0.14 acre lot
  • 3 parking spaces
  • Fireplace

Property Details

1 story
2 full
1-car garage
1947

Amenities

FireplaceHardwood
Listing Description

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.

Monthly Cost Estimate

$6,819/mo

20% down · 6.5% · 30 years

Principal$922
Interest$5,525
Insurance$372

Estimates only. Actual payments may vary.

Location

307 Monroe Street

Monterey, CA 93940

Property Details

Flooring

HardwoodCarpetTile

Parking

Garage

Heating

Forced Air

Appliances

GarbageDisposalOvenElectricRefrigeratorWasherDryer

Questions & Answers

This 2-bedroom, 2-bathroom single family at 307 Monroe Street is listed at $1,275,000 ($864/sqft). The estimated monthly payment is $6,819 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1947, 0.14 acre lot, 3 parking spaces, Fireplace.

This property is listed by Robert Chestnut.

RC

Robert Chestnut

License 02157059

Agent at Compass

Listed by Compass · Broker phone: (212) 913-9058 · View on Broker Site · Broker website

MLS# ML82061951· Source: MLS Listings, Inc.· 40 days on PropertySimple

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

307 Monroe Street, Monterey, CA 93940

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