$849,000.00

For Sale | 470 Foam St. | Monterey, CA

This property consists of a two-story frame structure, constructed circa 1910 (a time that New Monterey had 325 homes) that is rectangular in plan and has a hipped roof with boxed eaves. Gabled dormers are located on the front and rear elevations and wood clapboard siding covers the exterior walls. Since the time of its construction it has primarily been utilized as a single family residence.

In 2020 a fire took place in the then vacant building, and destroyed much of the interior of the second floor. Following the fire demolition crews removed the interior sheetrock and left the building in a framed only state. The doors and windows were boarded up to prevent access, and the building remains in this condition.

The property was listed in the Primary record of the Department of Parks and Recreation, State of California survey as being on the Reconnaissance List and being potentially historic. This designation essentially meant that a conclusion as to its true historic nature could not be determined without the benefit of a formal historic survey. Because of this potentially historic status it was not possible to contemplate a demolition of the building without first confirming it was not historic.

A historic permit application was filed in October 2021 so as to have an Intensive Survey conducted on the property which was intended to answer this question. A qualified professional prepared an Intensive Survey and concluded that the building did not appear to be eligible for listing under the National Register of Historic Places or the California Register of Historic Resources. Upon the conclusion of the survey the property went before the City of Monterey Historic Preservation Committee (HPC) with a request from the property ownership to have it removed from the potentially historic list. The application was denied.

On February 22, 2022 the matter was appealed to the Monterey City Planning Commission. At the conclusion of the hearing the planning commission concluded the property did not meet the standard for being historic.

Whereas this was the conclusion of the effort, there seems to also be a theory that if a subsequent owner was so inclined to rebuild the structure, it might be possible that the HPC might continue to support its inclusion on the historic register. Should this possibly be carried out, the resulting benefit would be that the property could potentially be included within the city of Monterey’s Mill’s Act, whereby a property would be entitled to a reduction in property taxes.

Details

Price : $849,000.00
Address : 470 Foam St.
City : Monterey
State : CA
Zip Code : 93940
APN : 001-026-009
Property Type : Mixed-Use
Secondary Type : Land
Purpose : Sell
Building Size : 1,155 SF
Lot Size : 8,230 SF
Zoning : PC-LH
Property ID : 5253

Attachments

Find on Map

Peter Baird
DRE#00533485
I consent to have this site collect my Name, Email, and Phone.


CONTACT US

Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

MAILING LIST

Get the latest news on current and featured Listings