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515 Ramona Ct APT 1, Monterey, CA, 93940

2beds
2baths
900sqft
$549,000
$610price/sqft
$3,809/moest. monthly cost
$152,360/yrincome needed

About This Home

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!

Getting Around

81
WalkingVery Walkable
35
TransitSome Transit
72
BikeVery Bikeable

Schools

8/10
Monterey High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1975

Materials

  • Foundation: Slab
  • Roof: Composition

Type & Style

  • Home type: Condo
  • Property subType: Condominium,Residential

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Disposal,Microwave,Electric Oven/Range,Refrigerator,Washer/Dryer
  • Laundry features: Inside

Bathroom

  • Features: ShoweroverTub1, FullonGroundFloor

Bedroom

  • Features: BedroomonGroundFloor2plus

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Features: DiningArea, NoFormalDiningRoom

Family Room

  • Features: NoFamilyRoom

Features

  • Flooring: Carpet,Tile,Wood

Heating & Cooling

  • Heating features: Baseboard
  • Cooling features: None

Interior Area

  • Total structure area: 900
  • Total interior livable area: 900 sqft

Kitchen

  • Features: ExhaustFan

Property

Details

  • Parcel number: 013341001000
  • Zoning: Condo
  • Special condition: Standard

Features

  • Stories: 1
  • Patio & porch: Balcony/Patio

Lot

  • Lot size: 349 sqft

Parking

  • Total spaces: 1
  • Parking features: Assigned,Carport,Common
  • Covered spaces: 1
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Coastal Flooding
    Coastal FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Coastal Flooding

FEMA Declared Disasters in Monterey County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance *$96$1,152
Property Taxes $539$6,468
Electricity $398$4,786
Total$3,809$45,708
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$130,594/yr
40% on housing$114,270/yr
45% on housing$101,573/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$610This listing

vs Other Active Listings

Avg $/sqft

ZIP 93940$639
Monterey County$769

vs Homes Sold Last Month

Median $/sqft

ZIP 93940$681
Monterey County$589

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-25Listed for sale$569,000
2024-08-20Sold$549,000
2024-08-16Pending sale$549,000
2024-08-07Contingent$549,000
2024-08-02Listed for sale$549,000
2007-02-02Sold$449,000

For Sale by Agent

AgentSuzanne Menendez-Herbst
BrokerageColdwell Banker Realty

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