For Sale182d on marketHistoric · 94 yrs
541 & 539 W Franklin St
Monterey, CA, 93940 • Old Town • Monterey County
$1,745,000
$1001/sqft
-$50,000 since Jan 15, 2026
Down payment assistance available
3Beds
3Baths
1,744Sqft
0.21 acLot
1932Built
Property DNA
Character Home
Built 1932 · 94 years of history
1-Car Garage
Attached · Off Street · On Street
This home is getting attention
Listed 182 days ago · 2,824 views · 119 saves
Market activity
Demand and pricing signals for this listing
2,824 views
People checking out this listing
119 saves
Buyers have saved this home
182 days on market
Established listing
$1,001/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 27% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1932 · Historic
FIRST TIME ON THE MARKET IN 26 YEARS... In Old Town Monterey, two homes thoughtfully sited as neighboring residences on a large 9,035sf lot with separate gas/electric meters and yards too. Together they offer great potential whether an investment property or owner-occupied with a guesthouse or rental. A pre-1926 historic English Tudor Revival, 541 is two stories with a striking wood cathedral ceiling great room that curves above the dining area, with fireplace and classic plaster walls, 1,181sf, 2 Beds, 1.5 Baths, back yard and garage. Built in 1950, 539 has a character of its own, vaulted wood living/dining room, a cozy 563sf 1 Bed, 1 Bath and front patio. A block up from Monterey's historic downtown, walking distance to restaurants and shops, Monterey Bay, Fisherman's Wharf, and all the City of Monterey has to offer.
Standout features identified
Our analysis highlights classic plaster walls, vaulted wood ceiling, and wood walls as key attractions of this home.
Estimated monthly payment
Based on current rates
$11,018/month
Principal & Interest$8,691
Property Tax$1,745
Insurance$582
Down payment20% ($349,000)
3%50%
Est. 6.36% rate · 30yr fixed · $1,396,000 loan
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At a glance
Key facts and listing details
TypeSingle Family Residence, Residential
Year Built1932
HeatingFloor Furnace, Gas, Wall Furnace
CoolingNone
Parking1 Attached Garage space
Lot9,035 sqft
Days on Zillow182 Days
Price/sqft$1,001
Property
Home typeSingle Family
Sub-typeSingle Family Residence, Residential
Year built1932
Systems
HeatingFloor Furnace, Gas, Wall Furnace
CoolingNone
RoofComposition
Water / SewerPublic
Parking & Outdoor
ParkingAttached, Off Street, On Street
Garage1 spaces
Fireplaces1
Lot9,035 sqft
Location & Tax
NeighborhoodOld Town
ZoningR 3-6
Parcel001531003000
Bathrooms & Fees
Full baths2
Features & details
7 categories of property features
Interior Features
Heating
Floor Furnace
Gas
Wall Furnace
Cooling
None
Laundry
In Garage
Inside
Fireplace
Living Room
Wood Burning
Exterior Features
Parking
Attached
Off Street
On Street
Utilities
Public Utilities
Water Public
Gas
IndividualGasMeters
PublicUtilities
Room details
2 rooms detailed
Dining Room
DiningAreainLivingRoom
Family Room
NoFamilyRoom
Listing insights
Market data and value estimates
StatusFor Sale
Days on market182
Est. value$1,664,200
Est. rent$3,430/mo
Tax rate1.10%
Price/sqft$1001
On marketOct 7, 2025
PostedOct 7, 2025
MLS updatedApr 4, 2026
Tour days9
Views2,824
Favorites119
How are the schools in Monterey?
2 schools rated nearby
Location
Monterey, CA, 93940
Price history
2 events
DateEventPrice$/sqftSource
Jan 15, 2026Price Change$1,745,000$1,001MLSListings Inc
Oct 7, 2025Listed For Sale$1,795,000$1,029MLSListings Inc
Price Change$1,745,000
Jan 15, 2026•$1,001/sqft•MLSListings Inc
Listed For Sale$1,795,000
Oct 7, 2025•$1,029/sqft•MLSListings Inc
Nearby homes
Neighborhood details
Local context around this listing
Monterey, CA • Monterey County
Nearby neighborhoods
Alta MesaCasanovsa Oak KnollDeer FlatsDel Monte Grove Laguna GrandeMonterey VistaNew MontereyOak GroveOld TownSkyline ForestVilla Del Monte
Nearby cities
Carmel-by-the-SeaGreenfieldKing CityMarinaMontereyPacific GroveSalinasSeaside
Nearby zip codes
939239394093942939439394493955
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Based on information from the MLSListings MLS as of 2026-04-07 21:24:56 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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