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$549,000
EST. MARKET VALUE
$549,000
SUMMARY
This Condominium represents a Strong Value Opportunity, listed at $565,000, which aligns with its $565,000 Fair Market Value. Featuring a Condition Rating of 4, this unit offers a stable, move-in ready foundation with high-density concrete construction for superior privacy. Residents enjoy an all-inclusive HOA covering all utilities, a heated pool, and a private patio with distant ocean views. Located near Monterey Peninsula College, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance lifestyle in the desirable Monterey Sunbelt.
Estimated Market Value
$549,000
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 2 bd · 2 ba · 855 sqft · $642 | $549,000* List Price | 2 | 2 | 855 | $642 | - |
A 500 Glenwood Circle 537 Sold 2 bd · 2 ba · 855 sqft · $708 · 0.0 mi | $605,000 | 2 | 2 | 855 | $708 | 0.0 mi |
B 300 Glenwood Circle 265 Sold 2 bd · 1 ba · 879 sqft · $739 · 0.1 mi | $650,000 | 2 | 1 | 879 | $739 | 0.1 mi |
C 500 Glenwood Circle 224 Sold 1 bd · 1 ba · 630 sqft · $722 · 0.1 mi | $455,000 | 1 | 1 | 630 | $722 | 0.1 mi |
D 300 Glenwood Circle 174 Sold 1 bd · 1 ba · 676 sqft · $791 · 0.1 mi | $535,000 | 1 | 1 | 676 | $791 | 0.1 mi |
E 500 Glenwood Circle 514 Active Under Contract 1 bd · 1 ba · 630 sqft · $786 · 0.0 mi | $495,000 List Price | 1 | 1 | 630 | $786 | 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 over 50 years old. While the description notes an updated bath and the kitchen features newer stone countertops, the cabinetry, white appliances, and popcorn ceilings are dated. The unit is well-maintained and move-in ready but requires cosmetic modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- All-Inclusive Utilities
The monthly HOA fee covers all essential utilities including water, electricity, gas, sewer, and garbage, providing significant value and simplified budgeting for the homeowner.
- Superior Concrete Construction
Uniquely built with high-density concrete, the structure offers exceptional soundproofing and privacy that far exceeds standard wood-frame condominium construction.
- Prime Sunbelt Location
Situated in the desirable Monterey Sunbelt near downtown and Monterey Peninsula College, the unit benefits from a bright, light-filled interior and access to a heated pool and clubhouse.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
The property has been active for 100 days with multiple price reductions, suggesting a disconnect between the initial asking price and current market demand.
- Lack of In-Unit Laundry
The unit relies on shared on-site laundry facilities rather than having private in-unit hookups, which may be a disadvantage 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 | 1.6 |
| Baths | 2.0 | 1.1 |
| Square foot | 855 | 799.474 |
| Lot Size | 821 | 863.368 |
| Price | $549.0K | $584.6K |
| Price per sq ft | $642 | $703 |
| Built year | 1970 | 1977 |
| HOA | $709.0 | $622 |
| Days on market | 115 | 65 |
Pricing History
Listed for Sale
Oct 17, 2026
$549,000
$565,000
-3% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$565,000
$579,000
-2% Price Drop
Initial Listing
Price Change
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