500 Glenwood Circle 435, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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500 Glenwood Circle 435
Monterey, California 93940
ACTIVE
CONDITION: FAIR
2Beds
2Baths
855Sq Ft
821Lot Size
Property Price
LIST PRICE$579,000
EST. MARKET VALUE
$591,689
SUMMARY
This Condominium represents a Prime Investment Opportunity, listed at $579,000—positioned well below the $591,689 Fair Market Value by 2%. This valuation gap provides $12,689 in Instant Equity. Featuring a Condition Rating of 4, the unit offers high-density concrete construction for superior privacy and a convenient Monterey Sunbelt location. While the HOA covers all utilities, the property is best suited for Buy-and-Hold Investors or first-time buyers seeking a stable, low-maintenance asset with immediate value.
Estimated Market Value
$591,689
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Glenwood Circle 435 Subject | $579,000* List Price | 2 | 2 | 855 | $692 | - |
A 500 Glenwood Circle 537 Sold | $605,000 | 2 | 2 | 855 | $708 | 0.0 mi |
B 300 Glenwood Circle 265 Sold | $650,000 | 2 | 1 | 879 | $739 | 0.1 mi |
C 500 Glenwood Circle 322 Sold | $465,000 | 1 | 1 | 590 | $788 | 0.0 mi |
D 500 Glenwood Circle 224 Sold | $455,000 | 1 | 1 | 630 | $722 | 0.1 mi |
E 500 Glenwood 123 Sold | $483,000 | 1 | 1 | 630 | $767 | 0.0 mi |
F 500 Glenwood Circle 125 Sold | $462,000 | 1 | 1 | 630 | $733 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1970, the property is well-maintained and move-in ready but remains dated. While it features a 'beautifully updated' bathroom and newer kitchen countertops, the presence of popcorn ceilings, older oak cabinetry, and white appliances indicates the unit is largely in a 15-30 year renovation state, requiring minor cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Comprehensive HOA Coverage
The monthly HOA fee uniquely covers all basic utilities including electricity, gas, water, sewer, and garbage, providing significant value and simplified monthly budgeting for the owner.
- Superior Privacy Construction
Uniquely built from high-density concrete, this unit offers exceptional sound insulation and structural privacy that far exceeds standard wood-frame condominium construction.
- Prime Sunbelt Location
Situated in the highly desirable Monterey Sunbelt, the property benefits from a bright, light-filled interior and a quiet, private setting while remaining close to downtown and Monterey Peninsula College.
CONSRISKS & DEFICIENCIES
- High Monthly Assessment
At $709 per month, the HOA fee is relatively high for an 855-square-foot unit, which may impact debt-to-income ratios and overall affordability for some buyers.
- Lack of In-Unit Laundry
The property relies on shared on-site laundry facilities rather than having private in-unit hookups, which is a common drawback for buyers seeking modern convenience.
About 500 Glenwood Circle 435
This Bright and Spacious 2 bedroom 2 bath unit is filled with natural light, located in the highly desirable Monterey Sunbelt and nestled in a very quiet and private setting. Feel at home in the large primary bedroom with en suite bath, plus a spacious 2nd bedroom and a beautifully updated full bath. There is a wonderful private patio with access from both bedrooms. The Ocean Forest Condominiums offers the serenity of a beautifully landscaped complex with access to an outdoor heated swimming pool, club house, barbecue area and laundry on site plus Immaculately kept grounds. Uniquely built from high density concrete offering extra quiet and privacy. This is a must see unit in a highly desirable complex. Plus, the HOA fee covers all basic utilities (water, electricity gas, sewer and garbage). One designated covered parking space is included, with additional parking for guests. Conveniently located near Monterey Peninsula College and downtown Monterey.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 821 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $709.0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 1.3 mi
5/10
Walter Colton
Grades 6-8 • 1.6 mi
3/10
Monterey High School
Grades 9-12 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.7 |
| Baths | 2.0 | 1.1 |
| Square foot | 855 | 826.375 |
| Lot Size | 821 | 892.5 |
| Price | $579.0K | $599.6K |
| Price per sq ft | $677 | $697 |
| Built year | 1970 | 1977 |
| HOA | $709.0 | $609 |
| Days on market | 70 | 70 |
Pricing History
Listed for Sale
Jul 26, 2026
$579,000
$595,000
-3% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$595,000
Initial Listing
Sold
Feb 28, 2024
$554,000
Public Record
Sold
Oct 26, 2010
$185,500
Public Record
Sold
Nov 16, 2007
$335,000
Public Record