500 Glenwood Circle 435, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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Monterey, California 93940
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $595,000—positioned well below the $622,211 Fair Market Value by 4%. This valuation gap offers $27,211 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes updated baths and high-density concrete construction for superior sound insulation. With a Utility-Inclusive HOA and access to a heated swimming pool, this property is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a low-maintenance lifestyle near Monterey schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Glenwood Circle 435 Subject | $595,000* List Price | 2 | 2 | 855 | $728 | - |
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 123 Sold | $483,000 | 1 | 1 | 630 | $767 | 0.0 mi |
D 500 Glenwood Circle 125 Sold | $462,000 | 1 | 1 | 630 | $733 | 0.0 mi |
E 500 Glenwood Circle 313 Sold | $477,000 | 1 | 1 | 630 | $757 | 0.0 mi |
F 500 Glenwood Circle 322 Sold | $465,000 | 1 | 1 | 590 | $788 | 0.0 mi |
G 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 1.0 mi |
H 67 Montsalas Drive Sold | $699,000 | 2 | 2 | 1,116 | $626 | 0.9 mi |
I 300 Glenwood Circle 258 Active | $589,000 List Price | 1 | 1 | 687 | $857 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building dates to 1970, the unit is well-maintained and move-in ready. It features a 'beautifully updated' full bath and a kitchen with modern stone countertops and wood cabinetry likely renovated within the last 5-15 years. The concrete construction and HOA-maintained systems suggest functional stability.
The monthly HOA fee covers all essential utilities including electricity, gas, water, sewer, and garbage, offering significant cost savings and simplified budgeting for the homeowner.
Uniquely constructed from high-density concrete, this unit provides exceptional privacy and a quiet living environment that far exceeds standard wood-frame condominium builds.
Situated in the desirable Monterey Sunbelt, the property benefits from a warmer microclimate while maintaining close proximity to Monterey Peninsula College and downtown amenities.
The $709 monthly HOA fee is relatively high, which may deter budget-conscious buyers or impact debt-to-income ratios during the financing process.
With only 855 square feet for a two-bedroom, two-bathroom configuration, the living spaces may feel constrained compared to more modern residential layouts.
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.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 855 | 630 |
| Lot Size | 821 | 1,076 |
| Price | $595.0K | $591.8K |
| Price per sq ft | $696 | $698 |
| Built year | 1970 | 1970 |
| HOA | $709.0 | $737 |
| Days on market | 21 | 79 |
Jul 1, 2026
$595,000
Initial Listing
Feb 28, 2024
$554,000
Public Record
Oct 26, 2010
$185,500
Public Record
Nov 16, 2007
$335,000
Public Record