
Salinas, California 93901
This Spacious Ranch-Style Home represents a High-Potential Investment Opportunity, listed at $899,000—positioned above the $874,690 Fair Market Value. While the property is priced slightly above market, its 10,700 square foot lot and ADU potential provide significant long-term utility. The home maintains a Condition Rating of 4, featuring original 1978 finishes that invite cosmetic modernization. With a functional layout, intimate wooden deck, and prime South Salinas location, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1116 Aspen Place Subject 3 bd · 3 ba · 1,957 sqft · $447 | $899,000* List Price | 3 | 3 | 1,957 | $447 | - |
A 119 San Juan Drive Sold 4 bd · 3 ba · 2,130 sqft · $458 · 0.8 mi | $975,000 | 4 | 3 | 2,130 | $458 | 0.8 mi |
B 219 Pine Street Sold 3 bd · 2 ba · 2,029 sqft · $400 · 0.9 mi | $812,000 | 3 | 2 | 2,029 | $400 | 0.9 mi |
C 222 Oak Street Sold 3 bd · 2 ba · 1,737 sqft · $475 · 0.9 mi | $825,000 | 3 | 2 | 1,737 | $475 | 0.9 mi |
D 631 W Alisal Street Sold 4 bd · 3 ba · 1,723 sqft · $461 · 0.8 mi | $795,000 | 4 | 3 | 1,723 | $461 | 0.8 mi |
E 178 Del Mar Drive Sold 3 bd · 2 ba · 1,363 sqft · $499 · 0.2 mi | $680,000 | 3 | 2 | 1,363 | $499 | 0.2 mi |
F 15 Del Rey Circle Sold 4 bd · 3 ba · 2,108 sqft · $446 · 0.3 mi | $940,000 | 4 | 3 | 2,108 | $446 | 0.3 mi |
G 22 San Juan Drive Sold 2 bd · 2 ba · 1,637 sqft · $464 · 0.7 mi | $760,000 | 2 | 2 | 1,637 | $464 | 0.7 mi |
H 206 San Miguel Avenue Sold 2 bd · 1 ba · 1,392 sqft · $510 · 0.7 mi | $710,000 | 2 | 1 | 1,392 | $510 | 0.7 mi |
I 69 Geil Street Active 4 bd · 2 ba · 1,736 sqft · $460 · 0.5 mi | $799,000 List Price | 4 | 2 | 1,736 | $460 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the home appears well-maintained but is significantly dated. The kitchen and bathrooms feature original-style tile countertops, wood cabinetry, and patterned linoleum flooring that are over 30 years old. While functional and move-in ready, the property requires cosmetic updates and likely system modernizations to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10700, living area = 1957.
The generous 10,700 square foot lot provides ample space for RV or boat parking and offers significant potential for a future detached ADU, increasing the property's long-term utility and value.
Situated in a quiet, highly desirable neighborhood, the home is within walking distance to local schools and shopping while offering convenient proximity to Monterey Bay and Silicon Valley commute corridors.
The presence of tile countertops and older cabinetry suggests the interior may require cosmetic updates to meet the aesthetic preferences of modern buyers looking for a contemporary finish.
Built in 1978, the property may require inspections and potential upgrades to aging infrastructure or energy efficiency components to align with current building standards.
Welcome to this spectacular 3 bedroom, 2.5 bathrooms, 2-car garage ranch-style home with almost 2,000 square feet of living space & 10,700 square foot lot on a quiet South Salinas neighborhood! The tiled foyer opens to the formal living room adorned with stunning plantation shutters and the separate dining room sized for a full table for those special family gatherings. The kitchen features rich wood cabinetry and tile counters, and connects to the breakfast nook with large garden windows offering abundant natural light. The separate family room is the everyday gathering space: exposed beams, plantation shutters, stunning brick fireplace, and sliding doors that open onto the intimate wooden deck. The primary bedroom has its own direct access to the deck and its own bathroom with walk-in shower. Two additional bedrooms share a hallway bathroom, and the indoor laundry room and half bathroom sit conveniently off the kitchen and garage. The backyard offers plenty of room for boat or RV, or future detached ADU, and mature citrus trees and room to garden. This marvelous home is located within walking distance to local schools, restaurants, shopping, and minutes away from the Monterey Bay, popular hiking trails & Silicon Valley. View our 3-D Virtual Tour for additional information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,957 | 1,582.189 |
| Lot Size | 10,700 | 6,844.911 |
| Price | $899.0K | $805.1K |
| Price per sq ft | $459 | $518 |
| Built year | 1978 | 1974 |
| HOA | $0 | $210 |
| Days on market | 19 | 45 |
Oct 5, 2026
$899,000
Initial Listing