206 Cornwall Street, Salinas, California 93906, Salinas, 93906 - 3 bed, 2 bath
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Salinas, California 93906
This property presents a Strong Value Opportunity with a List Price of $660,000—positioned well below the $699,000 Fair Market Value by 5%. This valuation gap offers $39,000 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home offers recent interior updates alongside a massive 11,761 SF lot, hot tub, and sauna. While the septic system and dated kitchen require future capital, the expansive lot provides significant upside. This is an ideal acquisition 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 | $660,000* List Price | 3 | 2 | 1,152 | $607 | - |
A 12932 Truman Street Sold | $740,000 | 3 | 2 | 1,111 | $666 | 0.4 mi |
B 18650 Swaner Avenue Sold | $700,000 | 3 | 2 | 1,088 | $643 | 0.9 mi |
C 12918 Kennedy Circle Pending | $739,900 List Price | 3 | 2 | 1,111 | $666 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property has received recent cosmetic updates including interior paint and newer flooring. However, the kitchen and bathrooms remain significantly dated (likely 30+ years old), and the home relies on a private septic system. While functional and move-in ready, it requires modernization of major systems and wet areas to meet contemporary 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 generous 11,761 SF lot provides a rare rural feel in North Salinas, offering ample space for gardening, outdoor entertainment, or potential expansion.
With fresh interior paint and newer flooring, the home presents a clean, move-in-ready aesthetic that appeals to modern buyers.
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 relies on a private septic system rather than public sewer, which may necessitate additional maintenance and long-term oversight.
At 1,152 square feet for a three-bedroom configuration, the interior living space may feel constrained for those seeking larger rooms or open-concept layouts.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,152 | 1,621 |
| Lot Size | 11,761 | 7,100 |
| Price | $660.0K | $803.5K |
| Price per sq ft | $573 | $520 |
| Built year | 1953 | 1970 |
| HOA | $0 | $243 |
| Days on market | 55 | 45 |
Jul 4, 2026
$660,000
$699,000
-6% Price Drop
Initial Listing
May 28, 2026
$699,000
Initial Listing