Cottage / Storybook home in 383 Clay St Monterey, CA
A Cottage home in Monterey, CA, it offers 2 bedrooms and 1 bathroom across 598 square feet. Its Cottage character defines the property's look.
| Price | $615,000 |
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| Beds | 2 |
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| Baths | 1 |
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| Sqft | 598 |
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| Architectural style | Cottage / Storybook (46% match) |
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| Address | 383 Clay St Monterey, CA 93940 |
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Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $615K, this home is 34% below the $925K median for 25 similar Cottage / Storybook homes in Monterey, CA.
- That works out to $1028 per square foot, 28% above the $804 comparable rate.
| This home | $615,000 |
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| Cottage / Storybook median in Monterey, CA | $925,000 (25 homes) |
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| Price per sq ft | $1,028 vs. $804 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $4,212/month with 20% down at a 7.28% 30-year fixed rate. You would need about $180,512 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $3,366/mo |
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| Property tax (new-buyer reassessed rate) | $615/mo |
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| Homeowners insurance | $231/mo |
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| Total monthly | $4,212/mo |
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| Down payment (20%) | $123,000 |
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| Income needed | $180,512/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C+ (63 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C+ (63/100) |
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| Beats renting in | 13% of modeled paths |
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| Modeled 5-yr equity (median) | $302,576 |
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| Range (10th to 90th pct) | $183,173 to $447,561 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Movoto