206 Cornwall Street, Salinas, California 93906, Salinas, 93906 - 3 bed, 2 bath
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Salinas, California 93906
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $734,991 Fair Market Value by 4%. This valuation gap offers $35,991 in Instant Equity. Featuring a Condition Rating of 4, the home offers a solid foundation with recent cosmetic updates, though it invites modernization of dated wet areas. With an expansive 11,761 SF lot, hot tub, and sauna, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 206 Cornwall Street Subject | $699,000* List Price | 3 | 2 | 1,152 | $638 | - |
A 329 San Juan Gr Road Sold | $645,000 | 3 | 1 | 1,040 | $620 | 0.2 mi |
B 12932 Truman Street Sold | $740,000 | 3 | 2 | 1,111 | $666 | 0.4 mi |
C 18650 Swaner Avenue Sold | $700,000 | 3 | 2 | 1,088 | $643 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the home has received recent cosmetic refreshes including interior paint and newer flooring. However, the kitchen and bathrooms remain significantly dated with older cabinetry and fixtures that appear to be over 30 years old. While the home is functional and move-in ready, it requires modernization of its primary systems and wet areas to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11761, living area = 1152.
The property sits on a generous 11,761 SF lot, providing a rare rural feel in North Salinas with ample space for gardening, outdoor entertaining, or potential expansion.
Recent interior improvements, including fresh paint and newer flooring, offer a clean and inviting atmosphere for immediate occupancy.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 11570.
The property utilizes a private septic system rather than a public sewer connection, which may necessitate additional maintenance and inspection costs for the homeowner.
At 1,152 square feet, the home's footprint is relatively small for a three-bedroom configuration, which may limit appeal for buyers seeking more spacious interior living areas.
Enjoy the feel of rural living in North Salinas with this 3 bedroom, 2 bath home situated on an expansive 11,761 SF lot adjacent to Ferraci Little League Park. Recently painted inside with newer interior flooring, the home offers a fresh and inviting feel throughout. Enjoy a peaceful setting with room to garden, entertain or simply relax outdoors, complete with a hot tub, sauna and detached workshop/storage area providing additional flexibility for hobbies, projects or extra storage. The home is connected to public utilities including water, gas and electricity, with a private septic system. A wonderful opportunity for buyers seeking extra space and a more rural atmosphere while still being within easy reach of town and everyday amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,331 | 25% |
| Lot Size | 11,761 | 6,039 | 97% |
| Price | $699.0K | $700.0K | 49% |
| Price per sq ft | $607 | $513 | 86% |
| Built year | 1953 | 1972 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 134 | 2% |
May 28, 2026
$699,000
Initial Listing