Monterey Condos

Condos

Condominiums can be a great way to get started owning your own home on the Monterey Peninsula. There are a number of bank owned condos as well as bank owned homes in Monterey County.

Prices start as low as $134,900 for a bank owned condo on Eucalyptus St., in Marina, Ca.   This is a 2 bedroom, 1 bath condo with an association fee of $230 per month.  This particular condo is approx. 883 sq. ft. and has a carport.

When buying a condo, you will want to review the Association Documents such as the CC &R’s, any Rules & Regulations and obtain a copy of the condo budget and expenses.  There may be limits as to if you can have a pet and the size of a pet allowed.  Ask the condo association if there have been any special assessments recently and if there are any planned for the future.  A special assessment is a lump sum of money all condo owners have to pay for a special repair or other problem.  Also ask if there are any law suits that are ongoing.

A condo can be a great place to live – if it suits your lifestyle.  You usually don’t have a lawn to mow. In many cases the association takes care of the exterior of the unit such as repairing and replacing roofs, doors, windows, painting and so forth.  It’s alot easier just to pick up and go on vacation with the condo lifestyle!