
Salinas, California 93908
This Spacious 5-Bedroom Residence is a Strong Value Opportunity, listed at $998,000—positioned well below the $1,056,130 Fair Market Value by 5%. This valuation gap provides $58,130 in Instant Equity. The home holds a Good Condition Rating, featuring an updated country kitchen, laminate wood flooring, and a private backyard with mature fruit trees and hillside views. Located in Las Palmas 1 near highly-rated schools, this property balances lifestyle luxury with immediate financial upside. It is an exceptional find for growing families or Owner-Occupants seeking a move-in-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17554 Sugarmill Road Subject | $998,000* List Price | 5 | 3 | 2,111 | $500 | - |
A 17716 Riverbend Road Sold | $955,000 | 3 | 2 | 2,029 | $471 | 0.4 mi |
B 17776 Riverbend Road Sold | $949,000 | 3 | 2 | 1,782 | $533 | 0.5 mi |
C 17671 Riverbend Road Sold | $1,030,000 | 4 | 3 | 2,417 | $426 | 0.3 mi |
D 17669 River Run Road Active Under Contract | $1,050,000 List Price | 4 | 3 | 2,417 | $434 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership with several modern updates. Built in 1990, the home features updated laminate wood flooring, a refreshed kitchen with high-end stainless steel appliances (including a smart refrigerator), and significantly modernized bathrooms with new vanities, marble-style tiling, and updated fixtures. While the kitchen retains some older elements like tile countertops, the overall maintenance and recent aesthetic improvements justify a 'good' rating.
The property uniquely backs to open space and scenic walking trails, providing permanent hillside views and enhanced privacy within the desirable Las Palmas 1 community.
The oversized lot features a private backyard with an expansive lawn and a diverse collection of mature fruit trees, including avocado and citrus, offering a rare 'farm-to-table' lifestyle.
The rare five-bedroom configuration, complemented by an updated country kitchen and dual-sided fireplace, offers significant flexibility for multi-generational living or dedicated home offices.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7291. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2111, other record living area = 1764. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With five bedrooms distributed across 2,111 square feet, individual room dimensions may feel compact compared to other luxury listings in the same price point.
While the elementary and middle schools are highly rated at 7/10, the assigned high school carries a lower rating of 5/10, which may be a concern for education-focused buyers.
Discover the best of Las Palmas 1 living in this spacious 5-bedroom, 2.5-bath home set on an oversized lot backing to open space, scenic walking trails, and beautiful hillside views. Soak up the sunshine in your private backyard oasis an expansive lawn framed by mature fruit trees, including lemon, orange, apple, pear, pomegranate, and avocado. Inside, the heart of the home is a large, updated country kitchen with a generous dining area perfect for gatherings. The inviting living room features gleaming laminate wood floors and a striking dual-sided fireplace, which is ideal for relaxing evenings. Upstairs, the primary suite offers a full bath with a separate tub and shower, double sinks, and a walk-in closet. Four additional bedrooms provide flexibility for guests, an office, or hobbies. A rare blend of space, setting, and lifestyle. This is a home to truly enjoy.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 87% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,111 | 2,111 | 50% |
| Lot Size | 7,405 | 15,500 | 31% |
| Price | $998.0K | $1.12M | 38% |
| Price per sq ft | $473 | $541 | 33% |
| Built year | 1990 | 1984 | 62% |
| HOA | $174.0 | $165 | 56% |
| Days on market | 14 | 183 | 4% |
Apr 8, 2026
$998,000
Initial Listing
Sep 30, 2020
$785,000
Public Record
Oct 27, 2017
$607,500
Public Record
Nov 14, 2008
$600,000
Public Record
Nov 27, 2002
$559,000
Public Record