1514 Cherokee Drive, Salinas, California 93906, Salinas, 93906 - 2 bed, 1 bath
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1514 Cherokee Drive
Salinas, California 93906
ACTIVE
CONDITION: GOOD
2Beds
1Baths
984Sq Ft
0Lot Size
Property Price
LIST PRICE$579,000
EST. MARKET VALUE
$465,742
24% AboveMARKET VALUE
SUMMARY
This 2-bedroom, 1-bathroom Condominium is a High-Potential Investment Opportunity, listed at $579,000—positioned well above the $465,742 Fair Market Value by -24%. While the property carries a Condition Rating of 3, recent cosmetic updates including new paint and a new stove provide a functional, move-in-ready base. Situated on a corner lot with a high-fenced backyard and patio, it offers significant privacy. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, commuter-friendly starter home.
Estimated Market Value
$465,742
Based on Realkey algorithm analyzing recent comparable sales in Salinas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1514 Cherokee Drive Subject 2 bd · 1 ba · 984 sqft · $473 | $579,000* List Price | 2 | 1 | 984 | $473 | - |
A 1797 Cherokee Drive 4 Sold 3 bd · 2 ba · 986 sqft · $416 · 0.4 mi | $410,000 | 3 | 2 | 986 | $416 | 0.4 mi |
B 1791 Cherokee Dr 4 Sold 3 bd · 2 ba · 986 sqft · $416 · 0.3 mi | $410,000 | 3 | 2 | 986 | $416 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1977, the property has received recent cosmetic updates including new interior paint, new flooring, and a new stove. The home is well-maintained, functional, and move-in ready, meeting the criteria for a solid starter home despite dated cabinetry and windows.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated on a desirable corner lot with convenient access to shopping centers, restaurants, and major freeways, making it an ideal spot for commuters.
- Recent Interior Refresh
The home features fresh paint, a new stove, and updated Sheetrock in the garage, providing a move-in-ready feel for first-time buyers.
- Private Outdoor Space
A high-fenced backyard offers enhanced privacy and a secure area for outdoor activities, which is a significant advantage for a condominium.
CONSRISKS & DEFICIENCIES
- Compact Living Dimensions
With only 984 square feet and a 2-bedroom, 1-bathroom layout, the property may feel restrictive for those needing more space or a second bathroom.
- Dated Construction
Built in 1977, the property may require ongoing maintenance or future modernization of core systems compared to newer residential options.
About 1514 Cherokee Drive
Great starter home, located on a corner lot, near shopping center and easy access to to the freeways and restaurants. Home offer new stove, paint and new Sheetrock in the garage. Living room offers a large fireplace for those winter months. Nice high fence backyard.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 1.0 | 1.8 |
| Square foot | 984 | 1,185 |
| Lot Size | - | 3,349.333 |
| Price | $579.0K | $497.5K |
| Price per sq ft | $588 | $420 |
| Built year | 1977 | 1981 |
| HOA | $0 | $547 |
| Days on market | 11 | 91 |
Pricing History
Listed for Sale
Oct 13, 2026
$579,000
Initial Listing