515 Ramona Court 1, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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515 Ramona Court 1
Monterey, California 93940
ACTIVE
CONDITION: GOOD
2Beds
2Baths
900Sq Ft
349Lot Size
Property Price
LIST PRICE$529,950
EST. MARKET VALUE
$529,950
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $541,300—positioned well below the $541,300 Fair Market Value. While the property is currently priced at market, its Condition Rating of 3 ensures a functional, well-maintained living space with updated laminate flooring and modern shutters. Featuring a spacious wrap-around patio and convenient indoor laundry, this end-unit offers privacy and ease of living. Located near highly-rated elementary schools and coastal amenities, this home is an ideal choice for first-time buyers or downsizing professionals seeking a stable, low-maintenance Monterey lifestyle.
Estimated Market Value
$529,950
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 |
|---|---|---|---|---|---|---|
★ 515 Ramona Court 1 Subject | $529,950* List Price | 2 | 2 | 900 | $589 | - |
A 451 Dela Vina Avenue 108 Sold | $565,000 | 2 | 2 | 1,026 | $551 | 0.2 mi |
B 820 Casanova Avenue 30 Sold | $540,000 | 2 | 1 | 860 | $628 | 0.5 mi |
C 461 Dela Vina Avenue 103 Sold | $600,000 | 2 | 1 | 900 | $667 | 0.2 mi |
D 461 Dela Vina Avenue 205 Sold | $550,000 | 2 | 1 | 970 | $567 | 0.2 mi |
E 820 Casanova Avenue 69 Sold | $515,000 | 2 | 1 | 860 | $599 | 0.4 mi |
F 15 Montsalas Drive Sold | $675,000 | 2 | 2 | 981 | $688 | 1.0 mi |
G 451 Dela Vina 107 Active | $529,000 List Price | 2 | 2 | 1,026 | $516 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1975, the property is in well-maintained, move-in ready condition. It features updated laminate flooring, clean paint, and modern window shutters. The kitchen and bathrooms appear functional and tidy, though the white appliances and brass hardware suggest renovations are likely in the 5-15 year range rather than brand new.
PROSSTRENGTHS & OPPORTUNITIES
- End-Unit Privacy
As a single-story end unit, the property offers enhanced privacy, abundant natural light, and a spacious wrap-around patio overlooking a garden, which is rare for condominium living.
- Functional Amenities
The inclusion of indoor laundry, covered parking, and extra storage provides a level of convenience and utility that significantly enhances the ease of daily living.
- Prime Monterey Location
Situated on a quiet court, the home is ideally located near world-class golf courses, beaches, and local highways, offering a high-quality coastal lifestyle and strong rental potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Market Stagnation
The property has been on the market for 153 days with multiple price reductions, which may lead to buyer concerns regarding its market value or underlying condition.
- Limited Square Footage
At 900 square feet for a two-bedroom unit, the living space is relatively compact, which may be a drawback for buyers requiring more spacious interiors or a second full bathroom.
About 515 Ramona Court 1
Tucked away on a very quiet court is this perfectly charming single story 2 br/1.5 bath end unit. This immaculate light filled home overlooks a lovely garden and has a spacious wrap around patio. It also has a cozy living room, two sizeable bedrooms and lots of natural light throughout the unit. There is a full bath with a shower over tub plus a powder room for your visitors! A convenient indoor laundry, covered parking and extra storage makes for easy living! All this plus, low HOA fees, beautifully landscaped common open areas and two BBQ areas located at either end of the courtyard. This highly desirable end unit is conveniently located close to shopping, beaches, golf and local highways. You must see this special home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 349 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $500.0 / Month
Neighborhood Insights
Monterey Unified Schools
Del Rey Woods Elementary School
Grades K-5 • 1.0 mi
7/10
Foothill Elementary School
Grades K-5 • 1.4 mi
6/10
Walter Colton
Grades 6-8 • 3.1 mi
3/10
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 | 900 | 826.375 |
| Lot Size | 349 | 892.5 |
| Price | $530.0K | $599.6K |
| Price per sq ft | $589 | $697 |
| Built year | 1975 | 1977 |
| HOA | $500.0 | $609 |
| Days on market | 168 | 70 |
Pricing History
Listed for Sale
Sep 8, 2026
$529,950
$541,300
-2% Price Drop
Initial Listing
Price Change
Aug 25, 2026
$541,300
$549,000
-1% Price Drop
Initial Listing
Price Change
Jul 19, 2026
$549,000
$559,000
-2% Price Drop
Initial Listing
Price Change
May 19, 2026
$559,000
$569,000
-2% Price Drop
Initial Listing
Price Change
Mar 25, 2026
$569,000
Initial Listing
Sold
Aug 19, 2024
$549,000
Public Record
Sold
Feb 2, 2007
$449,000
Public Record
Sold
Mar 13, 1996
$15,000
Public Record