Ocean Forest Condo Sales 2016

Ocean Forest Condo Sales 2016

There were 10 condos sold last year at Ocean Forest.  8 were 1 bedrooms, 1 was 590 sq ft. all the others were 630 sq. ft. There were 2 – two bedroom, 2 bath units both 855 sq ft.

Key Takeaway:

• 8 – 1 bedrooms sold in 2016 ranging from $259,000 to $285,000.
• 2 – two bedroom, 2 bath from $315,000 to $375,000
• 50% of the sales were all cash! (4 sales)
• Only 3 out of 8 sales were owner occupied (per tax records)

500 Glenwood Cir., #227
Sold for $259,000 for full price Closed 6/6/2016  after 12 days on the market.  All cash sale
Second floor unit, 530 sq ft. Non owner occupied

500 Glenwood Cir., #224
Sold for $265,000 with a list price of $299,000 (reduced to $279,000 at time of sale. Closed 6/2/2016 after 200 days on the market. VA financing.  Second floor condo, with new paint and new carpet. Owner occupied

500 Glenwood Cir., #122
Sold for $270,00 with a list price of $288,495. Closed 03/24/2016 after 20 days on the market  All cash sale non owner occupied
This one has been upgraded with maple cabinets, Corian counters, newer floor coverings and triple pane windows! Also ocean view from balcony!

500 Glenwood Cir., #218
Sold for $275,000 for full list price. Closed 09/14/2016 after only 8 days on the market. All cash sale. Owner occupied
Ground floor unit.

500 Glenwood Cir., #217
Sold for $280,000 with a list price of $298,250. (reduced to $285,000 at time of sale.) Closed 7/29/2016 All cash sale. Ready for someone to move in, updated, kitchen, bath, crown molding. Non owner occupied (per tax records)

500 Glenwood Cir., #135
Sold for $280,000 with a list price of $288,000 (reduced to $283,000 at time of sale) On market 43 days. Conventional financing.  Views of Monterey Bay! Both kitchen and bath are updated, also newer carpeting. Non owner occupied (per tax record)

500 Glenwood Cir., #520
Sold for $284,000 with a list price of $289,000 after 7 days on the market. Closed 07/29/2016  Conventional financing. Updated kitchen and bath as well as newer carpet.  Owner occupied

500 Glenwood Cir. #510
Sold for $285,000 with a list price of $290,000 after 50 days on the market. Closed 05/05/2016 VA financing
On ground floor, close to parking. This is an end unit, kitchen is updated as well as bath. Non owner occupied.

Two Bedroom Ocean Forest Condo Sales for 2016

Key Takeaway:

• 2 – two bedroom units sold from $315,000 to $375,000 Both were non owner occupied. So investor owned or 2nd homes? Who knows.
• $50,000 for same size condo – but higher price one beautifully remodeled (high end finishes) and sold 10 months later in year.  How much is fast appreciation and how much increase in price over 10 months. Probably some of both.

 

500 Glenwood Cir., #2112
Sold for $315,000 for full list price in 21 days. Closed 02/11/2016 Conventional financing, Owner Occupied
2 bedroom, 2 bath condo facing the pool. Approx. 855 sq ft., recently remodeled – kitchen, baths, paint.

500 Glenwood Cir., #413
Sold for $375,000 with a list price of $389,500 after 25 days on the market. Closed 12/20/2016 Conventional financing. Non owner occupied.  2 bedroom, 2 bath, approx. 855 sq ft. beautifully remodeled – hardwood flooring, tile, bosch dishwasher,, new stove, frig, granite counter tops. This one was truly gorgeous! Non owner occupied .

Ocean Forest Condo Community Details