Homes/Oregon/Eugene/1943 Monterey Ln
CompCasa Property Analysis · single_family

1943 Monterey Ln

Large Lot Ranch — Garage-Converted ADU Potential, Close to Downtown

3-BR ranch on 10,018 SF lot with converted garage and ductless heat pump

3 beds2 baths1,638 sq ftBuilt 19570.2299 acresconverted garage (interior living space with exterior door); no functional attached garage
CompCasa valuation analysis
Estimated market value
$412,500
Low $390,000 · Midpoint $412,500 · High $435,000
Confidence65%Sales comparison approach
Last recorded sale$415,000Mar 11, 2026
CompCasa estimate$412,500Mar 12, 2026
Estimate vs. last recorded sale−$2,500 / −0.6%
$390,000$412,500 midpoint$435,000
Price / sq ft$252.8
Median sale price$470,000
Avg days on market30 days
Inventory2.5 months

Estimate anchored to list price ($415,000) and documented price/sqft (approx $253). Range reflects local market for older single-story homes near central Eugene, lot size premium, and ADU/garage-conversion upside. No live comparable sales fetched — verify with broker or appraiser.

About the property

Large Lot Ranch — Garage-Converted ADU Potential, Close to Downtown

This one-story 1957 ranch at 1943 Monterey Ln delivers rare central-Eugene value: a generous 10,018 SF level lot, flexible living spaces, and immediate upside for an owner-occupant or investor. The 1,638 SF floorplan includes three main bedrooms plus a garage conversion that functions as additional living space with its own exterior entrance — ideal as a fourth bedroom, private studio, or the foundation for a permitted ADU (buyer to verify).

Inside you'll find a practical layout with hardwood and vinyl plank floors, freshly painted interiors, and two fireplaces that add warmth and character. The kitchen supports a homeowner upgrade with ready access to the dining and outdoor spaces. The home is served by a three-head ductless heat pump system for efficient heating and cooling; there are also two fireplaces for supplemental heat. The bath setup in the listing reflects a full bath plus two half-baths — confirm specifics during review.

Step outside to a covered patio that overlooks raised garden beds — an excellent spot for barbecues, gardening, and year-round enjoyment. The oversized lot is the standout feature: room for ADU expansion, a workshop, a large garden, or landscaping projects that increase privacy and value. Located in the Ferry Street Bridge / central Eugene corridor, the property is minutes to downtown, the Willamette River, parks, and local eateries.

This home is being sold AS-IS, offering a straightforward purchase for buyers who want to add value through modest renovations or take on an ADU permitting project. With a coveted lot and conversion already in place, this property is positioned for immediate utility and future upside.

Property details

A 1957 ranch on 0.23 acres.

Building

Year built1957
ConstructionWood Frame (Typical For Era)
Heatingductless heat pump (3-head) plus fireplaces (wood/insert or gas—verify)
Coolingductless heat pump provides cooling

Site & utilities

Lot size0.2299 acres
Garageconverted garage (interior living space with exterior door); no functional attached garage
Stories1
ConditionAverage
BasementNone
FireplaceYes
Improvement notesOne-story ranch built 1957. Garage converted to living space/possible 4th bedroom with exterior door. Vinyl plank and hardwood floors, two fireplaces, updated ductless heat pump (3-head system). Sold AS-IS; cosmetic and system updates likely.
Lot area10,018 sq ft
TopographyLevel
ParkingDriveway And On Street
Parking spaces2
Parking notesNo attached garage shown (garage was converted). Driveway parking and on-street available.
AccessStandard neighborhood street access via Monterey Ln
WaterPublic Water
SewerPublic Sewer
ElectricAssumed Public Electric (Standard Connection)
GasUnknown (Not Listed; Likely Natural Gas Available Nearby)
Location & nearby

Ferry Street Bridge / central-west Eugene (approximate)

Researched nearby locations

Ferry Street Bridge & Riverfront Park (within ~1 mile)
Downtown Eugene (1–2 miles)

Location

1943 Monterey Ln, Eugene, OR 97401

View in Google Maps
Editorial neighborhood context

This property sits in a central-west Eugene pocket near the Ferry Street Bridge and Willamette River corridor. The neighborhood mixes mid-century ranches, small bungalows, and occasional newer infill. Residents enjoy proximity to downtown's restaurants, coffee shops and cultural venues, with convenient bike and transit connections. The area attracts buyers who want city access without the density of core downtown.

Nearby access summary

Easy access to Willamette River trails, neighborhood parks, and bike routes; solid outdoor recreation options within a short drive or bike ride.

ElementaryMadison Elementary (Eugene SD 4J) — rating ~6/10 (verify assignment)
Middle schoolKelly Middle School (Eugene SD 4J) — rating ~6/10 (verify assignment)
High schoolEugene High / South Eugene options or Willamette High (district assignments vary) — rating variable; verify with district
School districtEugene School District 4J
Market context

A factual market snapshot around 1943 Monterey Ln.

Median sale price$470,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation350.0%
5-year appreciation1700.0%
Editorial market perspective

Central Eugene remains a steady market with continued buyer interest for well-located single-family homes. Inventory in 2026 is moderate to low in desirable pockets near downtown; median sold prices in central corridors sit above citywide medians, though older homes that need cosmetic work trade at a discount to fully renovated properties. Homes with additional income potential (ADUs, rentable conversions) command stronger buyer attention. For buyers, this is a balanced opportunity: acquisition at $415,000 anchors a reasonable price-per-square-foot (~$253), and the oversized lot creates optionality that typical city lots do not. Sellers receive interest fast if pricing and condition align; buyers who plan improvements and permitting should budget time and permit costs. Overall confidence in this market read: moderate (0.65–0.75) — verify comps with a local broker for a contract strategy.

Zoning & land use

Typical single-family residential zoning; small-lot single-family with potential accessory dwelling unit (ADU) subject to city code and permit

Zoning

Zoning codelikely R-1 or equivalent single-family residential
DescriptionTypical single-family residential zoning; small-lot single-family with potential accessory dwelling unit (ADU) subject to city code and permit
JurisdictionCity of Eugene
Current useResidential
SetbacksSetbacks are governed by City of Eugene zoning — verify with city for ADU/lot coverage calculations

Research-indicated uses

  • Single Family Dwelling
  • Accessory Dwelling Unit (With Permit)
  • Home Occupations (Limited)
  • Conditional Uses Per City Code
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

2026-03-11$415,000
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • Listed at $415,000 (approx $253/sf) for a 1,638 SF single-story home.
  • 1957-built ranch with 3 beds, 1 full bath and 2 half baths as listed (verify bath configuration).
  • Garage has been converted to living space — useful as a 4th bedroom or potential ADU.
  • Large level lot (10,018 SF) creates redevelopment/expansion potential subject to permitting.
  • Property being sold AS-IS.
  • Ductless mini-split system (three heads) present — energy-efficient heating/cooling.
Highlights & features

What stands out about this property.

Interior Features

  • 1,638 finished SF single-level living
  • 3 bedrooms; garage conversion provides extra living/bedroom space
  • 1 full bath + 2 half baths (per listing) — verify
  • Vinyl plank and hardwood floors
  • Two fireplaces
  • Built-in oven, cooktop, dishwasher, disposal
  • Double-pane windows with vinyl frames
  • Fresh interior paint

Exterior & Lot

  • Large, level 10,018 SF lot (~0.23 acres)
  • Covered patio overlooking raised garden beds
  • Garage converted to living space with separate exterior access
  • Driveway parking + street parking
  • Mature landscaping and room for expansion/ADU

Location & Neighborhood

  • Ferry Street Bridge / central Eugene corridor
  • Short drive to downtown Eugene, restaurants, breweries and riverfront parks
  • Near public transit routes and local shopping
  • Walkable to neighborhood services (grocer, coffee, dining within 1–2 miles)

Walkability & Recreation

  • Walkability Rating: 65/100
  • Close to Willamette River trails and neighborhood parks
  • Easy access to downtown amenities and community events
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin / RMLS scraped dataView source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.