
Salinas, California 93901
This property presents a Strong Value Opportunity with a List Price of $796,000—positioned well below the $747,883 Fair Market Value by -6%. Featuring a Fair Condition Rating (4/10), the home offers significant potential for cosmetic modernization to unlock value. Key highlights include a spacious deck, hardwood floors, and a secluded cul-de-sac location near Old Town Salinas. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime, walkable neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 162 Riker Terrace Subject 3 bd · 2 ba · 1,377 sqft · $543 | $796,000* List Price | 3 | 2 | 1,377 | $543 | - |
A 333 West Street Sold 2 bd · 1 ba · 1,286 sqft · $560 · 0.2 mi | $720,000 | 2 | 1 | 1,286 | $560 | 0.2 mi |
B 40 Oak Sold 3 bd · 2 ba · 1,324 sqft · $514 · 0.8 mi | $680,000 | 3 | 2 | 1,324 | $514 | 0.8 mi |
C 51 Nacional Street Sold 2 bd · 1 ba · 1,097 sqft · $592 · 0.4 mi | $649,500 | 2 | 1 | 1,097 | $592 | 0.4 mi |
D 783 Central Avenue Sold 3 bd · 2 ba · 1,636 sqft · $511 · 0.6 mi | $836,000 | 3 | 2 | 1,636 | $511 | 0.6 mi |
E 640 Park Street Sold 3 bd · 2 ba · 1,672 sqft · $484 · 0.5 mi | $810,000 | 3 | 2 | 1,672 | $484 | 0.5 mi |
F 643 Stanford Avenue Sold 3 bd · 2 ba · 1,154 sqft · $658 · 0.6 mi | $759,000 | 3 | 2 | 1,154 | $658 | 0.6 mi |
G 806 Columbia Avenue Sold 3 bd · 2 ba · 1,160 sqft · $642 · 0.9 mi | $745,000 | 3 | 2 | 1,160 | $642 | 0.9 mi |
H 631 W Alisal Street Sold 4 bd · 3 ba · 1,723 sqft · $461 · 0.5 mi | $795,000 | 4 | 3 | 1,723 | $461 | 0.5 mi |
I 906 Bautista Drive Active 3 bd · 2 ba · 1,369 sqft · $584 · 0.8 mi | $799,000 List Price | 3 | 2 | 1,369 | $584 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this home is well-maintained but features a highly dated interior. The kitchen and bathrooms retain vintage elements like floral wallpaper, scalloped cabinetry, and older appliances that appear to be over 30 years old. While the hardwood floors are in good condition, the property requires significant cosmetic updates and likely system modernizations.
Situated at the end of a quiet cul-de-sac in South Salinas, this home offers rare privacy while remaining within walking distance to Old Town's shops, restaurants, and community events.
The interior features timeless hardwood floors, abundant natural light, and a cozy fireplace, providing a warm and welcoming atmosphere with significant character.
A spacious deck and a versatile backyard offer excellent opportunities for outdoor entertaining, gardening, or creating a private retreat on a generous 5,548 sqft lot.
The kitchen and dining areas feature vintage elements like floral wallpaper, which may require additional capital investment for modern cosmetic upgrades to suit contemporary tastes.
With 33 days on the market and a recent price reduction, the property may be facing challenges in perceived value relative to its 1950s original condition.
Cute, cozy & tucked away where you'd least expect it. This South Salinas charmer is ready to steal your heart. Welcome to this 3 bedroom, 2 bathroom home nestled at the end of a quiet cul-de-sac on a secluded street, because sometimes a little privacy is just what you've been looking for. Natural light pours through the home, highlighting the beautiful hardwood floors & creating that warm, welcoming feeling you want the moment your walk through the door. The spacious living room brings the cozy factor with a fireplace that practically begs for movie nights, holiday gatherings & a little "just one more glass" energy. And then there's the kitchen & dining area... floral wallpaper, an elegant chandelier, & a personality all on its own. It's vintage charm with room for your personal flair. Slide open the glass doors & step outside on to the deck, where your morning coffee just got an upgrade. The yard is ready for your imagination, whether you're dreaming of a garden, play space, entertaining area, or your own little backyard escape. You're within walking distance of Old Town Salinas, putting local shops, restaurants, & community events within easy reach. Close access to Highway 68 & HWY 1. This home has character, charm, and potential... and maybe your name written all over it.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,377 | 1,582.189 |
| Lot Size | 5,548 | 6,844.911 |
| Price | $796.0K | $805.1K |
| Price per sq ft | $578 | $518 |
| Built year | 1950 | 1974 |
| HOA | $0 | $210 |
| Days on market | 46 | 45 |
Sep 17, 2026
$796,000
$807,000
-1% Price Drop
Initial Listing
Sep 8, 2026
$807,000
Initial Listing