Footprints on the Bay formerly known as Kimberly Apartments are a condo conversion that went on the market in 2007. The market was tanking then so only a few sold. The rest went back into the rental pool. Phases 1,2 and 3 consisted of 66 units. They were beautifully upgraded at the time with granite countertops, new cabinets, wood floors, beautifully updated baths.They also had stainless steel appliances.
The community has beautiful grounds and has a pool, clubhouse and sauna and workout room.
When they came on the market in 2007 larger 2 bedrooms were in the over 500k range. See details below on units that have sold this year and prices since 2007.
Two bedroom condo sales for 2016
300 Glenwood Circle #285, Monterey, Ca. 93940
2 bedroom, 1 bath approx. 879 sq. ft.
Listed 04/27/2007 for $544,900 was canceled.
Listed 06/01/2011 for $ 269,900 sold for list price. This was an REO bank foreclosure property! Dues were $350.
Listed 09/23/2013 for $349,500 sold for $327,500 Dues were: $388.
Listed 05/04/2016 for $395,000 sold for list price. Dues are: $394
300 Glenwood Circle #249, Monterey, CA. 93940
2 bedroom, 1 bath, approx. 879 sq. ft.
Listed 03/21/2016 for $385,000 sold for $381,000. Dues are $394 No other prior sales on this one.
These were the only two bedroom units that have sold in 2016. So very likely any new sales of two bedrooms this year will go above the $400,000 mark!
Key Takeaway: Two bedroom on market now is $419,000
Looking at unit #285 the price went up from $269,900 (6/2011) to $395,000 in 05/2016. That is an increase of $125,100 over about a 3 yr time period. That is an increase of about 46% ! This is a specific incidence – not all properties had this kind of appreciation!
Call me, Eileen at (831)277-9939 if you would like to see what is available at the Footprints now or if you would like to see any other condo or property in the Monterey Peninsula area!