1067 Padre Drive 1, Salinas, California 93901, Salinas, 93901 - 2 bed, 2 bath
Loading property details...
Salinas, California 93901
This renovated South Salinas condominium represents a High-Potential Investment Opportunity, listed at $589,000—positioned well below the $679,000 Fair Market Value by 13%. This valuation gap provides $90,000 in Instant Equity. Boasting a Condition Rating of 2, the home features a turnkey interior with new flooring, fresh paint, and a modern kitchen. Unique to this unit are three private patios, offering rare outdoor living space in a sought-after neighborhood. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready sanctuary or Buy-and-Hold Investors looking for immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1067 Padre Drive 1 Subject | $589,000* List Price | 2 | 2 | 1,287 | $528 | - |
A 1051 Riker Street 5 Sold | $532,000 | 2 | 1 | 936 | $568 | 0.2 mi |
B 1055 Padre Drive 2 Pending | $465,000 List Price | 2 | 1 | 952 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1981, the property has undergone a recent comprehensive renovation (likely <5 years) featuring new flooring, fresh interior paint, and modern updates to both the kitchen and bathrooms. The unit is in move-in-ready condition with contemporary fixtures and finishes.
The property features three private patios, offering a rare and generous amount of outdoor space for a condominium, perfect for gardening and entertaining.
This move-in-ready home boasts modern upgrades including fresh interior paint, stylish new flooring, and a renovated kitchen with a spacious walk-in pantry.
Situated in a peaceful and sought-after neighborhood, the home provides convenient access to top-rated schools, parks, and local shopping centers.
A significant price reduction from the original list price of $679,000 to $589,000 may indicate initial overpricing or a sense of urgency that could affect buyer perception.
The $450 monthly association fee adds a substantial recurring cost to the monthly mortgage, which may be a deterrent for budget-conscious buyers.
Beautifully updated bottom level 2-bedroom, 2-bathroom condo located in the peaceful South Salinas neighborhood. This move-in-ready home features a bright, open-concept living and dining area with fresh interior paint and stylish new flooring throughout. The updated kitchen offers modern finishes and a spacious walk-in pantry, providing ample storage. Both bathrooms have been tastefully upgraded with contemporary fixtures. The primary suite includes a generous layout and a large walk-in closet. Enjoy exceptional indoor-outdoor living with three private patiosperfect for relaxing, entertaining, or gardening. Ideally situated near parks, schools, shopping, and dining, this home offers comfort, convenience, and a rare amount of outdoor space in a sought-after location
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,287 | 837.5 | 67% |
| Lot Size | - | - | 50% |
| Price | $589.0K | $475.0K | 67% |
| Price per sq ft | $458 | $439 | 50% |
| Built year | 1981 | 1983 | 33% |
| HOA | $450.0 | $360 | 83% |
| Days on market | 37 | 150 | 33% |
May 1, 2026
$589,000
Initial Listing
Apr 30, 2026
$679,000
Initial Listing
May 24, 2022
$575,000
Public Record
Dec 21, 2018
$369,000
Public Record
May 12, 2015
$335,000
Public Record
Dec 20, 2006
$380,000
Public Record