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Pacific Grove, CA

610 Forest Ave

$1,749,500
3 bd • 2 ba • 1,753 sf

This analysis was generated by artificial intelligence on 1/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,749,500

Price/Sq.Ft

$998

Year Built

1929

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 610 Forest Ave is a beautifully remodeled Pueblo Revival style home with modern amenities. The expansive open floor plan, chef's kitchen with marble and quartz countertops, and a private deck make it an entertainer's dream. Located near downtown Pacific Grove, it offers easy access to shopping and dining. The property also includes a hot tub, greenhouse, and ample storage space, adding to its appeal.

The Bad

The home is located in a flood zone, though it's an area of minimal flood hazard. Potential buyers should consider the implications for insurance and maintenance. Additionally, parking is limited to one garage space and two off-street spots, which might not suffice for larger households.

The Ugly

There are no major red flags, but the age of the home (built in 1929) means potential for structural issues or the need for ongoing maintenance. It's crucial to have a detailed inspection to uncover any hidden problems.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for families or individuals seeking a blend of historic charm with modern conveniences in a coastal town. It's perfect for those who enjoy entertaining and appreciate proximity to downtown amenities.

Not For

This home may not be suitable for those looking for a low-maintenance property or individuals who prefer a more urban environment with a bustling nightlife, as Pacific Grove is quieter with limited entertainment options.
Demographics
Area Median Income

$92,980

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Risk Assessment

Risk Analysis

The area has high property taxes and real estate prices, demanding a significant financial commitment. Being in a flood zone, albeit minimal risk, could affect insurance costs. The Pacific Grove market is competitive, requiring swift decision-making. Buyers should also consider potential maintenance costs due to the property's age.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$1,525,667

-12.8% below list price

Median Price

$1,670,000

Based on 6 recent sales

Price per Sq.Ft

$900

Comparable Properties

313 Bishop Avenue, Pacific Grove, CA 93950
Price: $1,670,000
Sq.Ft: 1,581
Beds/Baths: 3/2
$/Sq.Ft:
$1,0565.8%
Sale Date: 9/24/2024
74 Country Club Gate, Pacific Grove, CA 93950
Price: $1,490,000
Sq.Ft: 1,735
Beds/Baths: 3/2
$/Sq.Ft:
$85913.9%
Sale Date: 7/25/2024
1490 Irving Avenue, Monterey, CA 93940
Price: $1,685,000
Sq.Ft: 2,074
Beds/Baths: 4/2
$/Sq.Ft:
$81218.6%
Sale Date: 9/17/2024
370 Central Avenue, Pacific Grove, CA 93950
Price: $1,000,000
Sq.Ft: 1,406
Beds/Baths: 3/2
$/Sq.Ft:
$71128.7%
Sale Date: 8/16/2024
246 Locust Street, Pacific Grove, CA 93950
Price: $1,399,000
Sq.Ft: 1,467
Beds/Baths: /
$/Sq.Ft:
$9544.4%
Sale Date: 11/8/2024
304 Locust Street, Pacific Grove, CA 93950
Price: $1,910,000
Sq.Ft: 1,901
Beds/Baths: 3/3
$/Sq.Ft:
$1,0050.7%
Sale Date: 10/10/2024

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