1051 Padre Drive 7, Salinas, California 93901, Salinas, 93901 - 1 bed, 1 bath
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Salinas, California 93901
This Architecturally Unique Condominium is listed at $439,000, representing a stable acquisition at its $439,000 Fair Market Value. Currently holding a Fair Condition Rating, the interior offers significant value-add potential for those looking to modernize original 1981 finishes and capture future appreciation. The layout is defined by high ceilings with exposed wood beams, a private patio, and premium functional features like dual bathroom vanities and an indoor laundry room. Including a one-car garage, this property combines character with essential convenience. It is an ideal match for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1051 Padre Drive 7 Subject | $439,000* List Price | 1 | 1 | 915 | $480 | - |
A 1056 Padre Drive 8 Sold | $475,000 | 1 | 1 | 766 | $620 | 0.1 mi |
B 1051 Riker Street 5 Sold | $532,000 | 2 | 1 | 936 | $568 | 0.1 mi |
C 1053 Riker Street 6 Sold | $475,000 | 1 | 1 | 766 | $620 | 0.1 mi |
D 1055 Padre Drive 2 Active Under Contract | $465,000 List Price | 2 | 1 | 952 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in fair condition, consistent with its 1981 construction and lack of a full modern renovation. While the kitchen features some updated stainless steel appliances and the laundry room has newer GE units, the overall aesthetic is dated with original oak cabinetry, laminate countertops, and linoleum flooring. The bathroom is particularly dated with a carpeted floor and older fixtures, and the main living area carpets show visible signs of wear and staining.
The bedroom features impressive high ceilings with exposed wood beams, providing a spacious and unique aesthetic that distinguishes it from standard condominium units.
The unit offers premium conveniences including a dedicated laundry room with storage, dual bathroom vanities, and a private one-car garage with remote access.
A private tiled patio is accessible from both the living room and the bedroom, creating a seamless transition to outdoor living space and increasing the home's usable footprint.
The monthly association fee of $580 is relatively high for a one-bedroom property, which may impact overall affordability and attract fewer budget-conscious buyers.
A significant price reduction from the original listing suggests the property may have faced challenges with initial market valuation or demand in its specific area.
Great layout of floorplan. This one bedroom condo has plenty of closet space. If you check out the bathroom pics.... you have two separate counters and faucets. The high ceiling in the bedroom with the wood beams adds a nice vibe. Kitchen has electric stove/oven. Also has microwave and dishwasher. In the laundry room, you have the washer and dryer that come with the unit. A counter to fold clothes with cabinet storage in that room. The living room has a gas log fireplace. The sliding doors go out to the private patio. From the bedroom, you can also step out into the tiled patio. There is also a one car garage with with a remote for easy access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 915 | 870 | 60% |
| Lot Size | - | - | 50% |
| Price | $439.0K | $475.0K | 40% |
| Price per sq ft | $480 | $568 | 40% |
| Built year | 1981 | 1983 | 20% |
| HOA | $580.0 | $350 | 80% |
| Days on market | 149 | 155 | 40% |
Mar 10, 2026
$439,000
Initial Listing
Nov 24, 2025
$495,000
Initial Listing