NOT LISTED FOR SALE

988 Madison St Monterey, CA 93940

Old Town Neighborhood

Estimated Value: $1,153,320 - $1,561,000

3 Beds
2 Baths
1,716 Sq Ft
$780/Sq Ft Est. Value

Sale Details

Date Sold: June 7, 2013

Last sale price $550,000 $321 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $7,506 / mo

175 Days on Market

Highlights

  • Primary Bedroom Suite
  • Fireplace in Primary Bedroom
  • Contemporary Architecture
  • Monterey High School Rated A
  • Deck
  • Main Floor Bedroom

About This Home

As of June 2013

Quiet, wooded and secluded country living only minutes from downtown Monterey. The master bedroom suite with a gas log fireplace is located downstairs along with the laundry area and 2nd bedroom. Another fireplace greets you on the second floor with the living area, 3rd bedroom and kitchen bathed in sunlight through high windows near the cathedral ceilings; Brand new roof in Oct. 2012

Last Agent to Sell the Property

Joe Smith

Sotheby’s International Realty License #01335794 Listed on: 10/27/2012

Last Buyer's Agent

Joe Smith

Sotheby’s International Realty License #01335794 Listed on: 10/27/2012

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • Lot Sloped Down
  • Zoning described as R1

Parking

  • 1 Carport Space

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,716 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Assessor Parcel Number 001-333-011

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

4,008 Sq Ft Lot

Listing Details

  • Subclass: Single Family Home
  • Style: Contemporary
  • Sale Price Per Sq Ft: 320.51
  • Level Street Main: Bedroom(s)
  • Listing Class: Residential
  • Structure Sq Ft: 1716
  • Incorporated: Yes
  • Map Book Page: 1133
  • Map Side Coordinate: 2
  • Map Top Coordinate: H
  • Thomas Bros Page: 1133
  • Thomas Brothers: H2
  • Year Built: 1986
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Primary Bedroom, Gas Log, Yes
  • Dining Room: Dining Area in Living Room, Dining "L"
  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, 220 Volt Outlet
  • Living Sq Ft: 1716
  • Stories: 2
  • Bedrooms: Primary Suite / Retreat, Ground Floor Bedroom
  • Laundry: In Laundry Room
  • Flooring: Carpet - Wall to Wall, Vinyl / Linoleum
  • Maximum Bathrooms: 2
  • Minimum Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Description: Pool - No
  • Roof: Composition
  • Yard/Grounds: Deck
  • Exterior: Wood

Garage/Parking

  • Carport Max: 1
  • Carport Min: 1

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer in Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Double Pane Windows(s)

Lot Info

  • Lot Description: Grade - Sloped Down
  • Parcel Number: 001-333-011
  • Lot Location: Cul-de-Sac
  • List Price per Sq Ft: 320.51
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4000.00
  • Lot Size Area Min Search: 4000.00
  • Maximum Lot Size: 4000.00
  • Map Book: Thomas Bros

Green Features

  • Energy Features: Double Pane Windows

Multi Family

  • Maximum Building Height: 2
  • Minimum Building Height: 2

MLS Schools

  • High School District Text: Monterey Peninsula Unified

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2021
Sold by
Bought by
Current Estimated Value
$1,277,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
0.021%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2019
Sold by
Bought by

Purchase Details

Listed on
Oct 27, 2012
Closed on
Jun 1, 2013
Sold by
Bought by
Seller's Agent
Joe Smith
Sotheby’s International Realty
Buyer's Agent
Joe Smith
Sotheby’s International Realty
List Price
$630,000
Sold Price
$550,000
Premium/Discount to List
-$80,000
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.02%
Original Mortgage
$417,000
Interest Rate
0.0337%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Fidelity National Title Co
-- Fidelity National Title Co
-- Fidelity National Title Co
-- None Available
$550,000 Chicago Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $333,000
Closed $417,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2013 06/07/13 Sold $550,000 0.0% $321 / Sq Ft
04/20/2013 04/20/13 Pending -- -- --
03/25/2013 03/25/13 Price Changed $550,000 -6.6% $321 / Sq Ft
03/03/2013 03/03/13 Price Changed $589,000 -3.4% $343 / Sq Ft
01/11/2013 01/11/13 Price Changed $610,000 -3.2% $355 / Sq Ft
10/27/2012 10/27/12 For Sale $630,000 -- $367 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,255 $677,275 $246,282 $430,993
2024 $7,255 $663,996 $241,453 $422,543
2023 $7,067 $650,977 $236,719 $414,258
2022 $6,969 $638,214 $232,078 $406,136
2021 $6,866 $625,701 $227,528 $398,173
2020 $6,607 $619,286 $225,195 $394,091
2019 $6,946 $607,144 $220,780 $386,364
2018 $6,731 $595,240 $216,451 $378,789
2017 $6,235 $583,569 $212,207 $371,362
2016 $6,124 $572,128 $208,047 $364,081
2015 $6,037 $563,535 $204,922 $358,613
2014 $5,934 $552,497 $200,908 $351,589
Source: Public Records

Agents Affiliated with this Home

  • Joe Smith

    Seller's Agent in 2013

    Joe Smith

    Sotheby’s International Realty

    (831) 238-1984

    19 Total Sales

    Joe Smith
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81239215

MLSListings

APN: 001-333-011-000

California Monterey County Monterey 93940 Old Town

988 Madison St, Monterey, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2026 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.