20250 Palou Drive, Salinas, California 93908, Salinas, 93908 - 3 bed, 3 bath
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Salinas, California 93908
This Spacious Multi-Functional Residence is a Strong Value Opportunity, listed at $1,349,000—positioned well below the $1,423,908 Fair Market Value by 5%. This valuation gap offers $74,908 in Instant Equity. Featuring a 4-car garage, 855 sq ft loft, and Mountain Views, the property maintains a Condition Rating of 4, offering a solid foundation for cosmetic modernization. Its expansive lot and versatile outbuildings provide significant expansion potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility, value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20250 Palou Drive Subject | $1,349,000* List Price | 3 | 3 | 3,047 | $467 | - |
A 22700 Picador Drive Sold | $1,575,000 | 4 | 3 | 2,972 | $530 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1964 and, while well-maintained with a new roof and fresh exterior paint, the interior kitchen and bathrooms reflect a renovation style approximately 20-30 years old (oak cabinetry, white tile counters, and gold fixtures). It is move-in ready but dated, requiring cosmetic updates 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 = 14930, living area = 3047.
With over 3,000 sqft of living space, a dedicated office, and an 855 sqft loft with ADU potential, this property offers exceptional flexibility for multi-generational families or remote work.
The home features a new roof, gutters, exterior paint, and a refreshed driveway, providing immediate curb appeal and reducing near-term maintenance costs for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3047, other record living area = 3489.
For a home exceeding 3,000 sqft, having only two full bathrooms inside the main living area (with the third being a half-bath in the garage) may be insufficient for some families.
Built in 1964, the property may require further interior modernization beyond the recent cosmetic updates to meet the aesthetic expectations of contemporary luxury buyers.
Offering 3,047 square feet of expansive living space on a generous 14,930 square foot lot. This exceptional property features 3 bedrooms, 2 bathrooms, plus a convenient 1/2 bath in the garage. Designed for both comfort and versatility, the home includes a large family room, office/den or possible 4th bedroom, and an impressive five fireplaces throughout. The oversized laundry room offers flexible space ideal for a craft room, sewing room, workout room, or additional bonus area. Multiple skylights, and a spacious 855 sq ft loft (attic) above the garage (not included in sq footage) which provides even more storage potential or a possible ADU. Parking is abundant with a 4-car garage (3-car plus tandem configuration), with 948 sq ft and a circular driveway. The exterior boasts a deck, perfect for outdoor entertainment, ample storage areas, and a 144 sq ft cellar for added convenience. 2 outbuildings with 140 sq ft each. Recent updates include new roof, new gutters, new cooktop, new carpet in laundry room, new exterior light fixtures, most outlets upgraded, new fencing, freshly painted exterior and some rooms in house. Newly stained deck, new slurry seal on driveway. A rare find offering space, comfort, and incredible versatility this is a home you wont want to miss!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,047 | 2,417 | 81% |
| Lot Size | 14,930 | 23,892 | 47% |
| Price | $1.35M | $1.23M | 60% |
| Price per sq ft | $443 | $530 | 30% |
| Built year | 1964 | 1987 | 15% |
| HOA | $0 | $100 | 40% |
| Days on market | 23 | 143 | 2% |
May 14, 2026
$1,349,000
Initial Listing