235 E Romie Lane, Salinas, California 93901, Salinas, 93901 - 2 bed, 1 bath
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235 E Romie Lane
Salinas, California 93901
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,327Sq Ft
7,000Lot Size
Property Price
LIST PRICE$765,000
EST. MARKET VALUE
$715,951
6% AboveMARKET VALUE
SUMMARY
This Versatile Multi-Use Property represents a Strong Value Opportunity, listed at $765,000—positioned well above the $714,921 Fair Market Value by 7%. While priced at a premium, the property offers significant utility with its flexible R2-style zoning potential and a separate-entry ballroom/studio. Featuring a Condition Rating of 4, the home includes recent exterior upgrades like Hardie Board siding and a new roof. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a live-work space near Salinas Valley Memorial Hospital.
Estimated Market Value
$715,951
Based on Realkey algorithm analyzing recent comparable sales in Salinas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 235 E Romie Lane Subject 2 bd · 1 ba · 1,327 sqft · $540 | $765,000* List Price | 2 | 1 | 1,327 | $540 | - |
A 40 Oak Sold 3 bd · 2 ba · 1,324 sqft · $514 · 0.3 mi | $680,000 | 3 | 2 | 1,324 | $514 | 0.3 mi |
B 14 San Juan Drive Sold 2 bd · 2 ba · 1,306 sqft · $593 · 0.2 mi | $775,000 | 2 | 2 | 1,306 | $593 | 0.2 mi |
C 206 San Miguel Avenue Sold 2 bd · 1 ba · 1,392 sqft · $510 · 0.3 mi | $710,000 | 2 | 1 | 1,392 | $510 | 0.3 mi |
D 22 San Juan Drive Sold 2 bd · 2 ba · 1,637 sqft · $464 · 0.2 mi | $760,000 | 2 | 2 | 1,637 | $464 | 0.2 mi |
E 333 West Street Sold 2 bd · 1 ba · 1,286 sqft · $560 · 0.9 mi | $720,000 | 2 | 1 | 1,286 | $560 | 0.9 mi |
F 22 Willow Street Sold 2 bd · 1 ba · 1,178 sqft · $522 · 0.4 mi | $615,000 | 2 | 1 | 1,178 | $522 | 0.4 mi |
G 54 Katherine Avenue Sold 2 bd · 1 ba · 988 sqft · $582 · 0.2 mi | $575,000 | 2 | 1 | 988 | $582 | 0.2 mi |
H 136 Del Mar Drive Sold 3 bd · 2 ba · 1,387 sqft · $566 · 0.7 mi | $785,000 | 3 | 2 | 1,387 | $566 | 0.7 mi |
I 906 Bautista Drive Active 3 bd · 2 ba · 1,369 sqft · $584 · 0.6 mi | $799,000 List Price | 3 | 2 | 1,369 | $584 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property features significant recent exterior upgrades including a new roof, Hardie Board siding, and fresh paint. Systems are functional with copper plumbing and 15-year-old electrical updates. However, the interior is dated; the bathroom retains vintage pink tiling and fixtures likely over 30 years old, and the presence of wall heaters indicates an older HVAC system. The home is well-maintained and move-in ready but requires cosmetic and kitchen/bath modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Usage Potential
The property offers unique flexibility for residential, commercial, or rental use, featuring a large 20'x13' room with a separate entrance ideal for a studio or guest suite.
- Prime Location
Ideally situated just blocks from Salinas Valley Memorial Hospital and professional services, this location provides high visibility and convenience for medical professionals or business owners.
- Significant Exterior Updates
Recent capital improvements include a new roof, gutters, and Hardie Board siding with a 15-year paint guarantee, significantly reducing near-term maintenance costs.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving a 1,327 sqft home and multiple potential occupants, the layout may be restrictive for families or multi-tenant arrangements.
- Dated Interior Configuration
The 1941 floor plan includes specialized rooms like a ballroom and makeup area that may require significant remodeling to align with modern residential preferences.
About 235 E Romie Lane
This is a very UNIQUE Home. It can be used as a residence, a commercial property or rented, or any combination simultaneously. It is within 1 1/2 Blks. of SVM Hospital, 1 Blk. from professional services, two Blks. from S Main St. It is the original residence of Ken and Kay of Cook's Photography. Upon entry through the East facing front door the large living-room with fireplace and four windows facing East,South, and West, giving you light throughout the entire day. The Formal dining-room accesses the kitchen and guest bath. Off the Kitchen is the Laundry and a small pantry. Off the second bedroom is a large 20'x13' room that was originally added and used as a Ballroom and is separately accessed by an outside door. This allows for a separate rental unit. It has been used as for a Master bedroom. There is a small Makeup/dressing room behind the garage. The backyard is sheltered from the Salinas wind by a Huge Cork Oak tree planted when the house was built in 1941 ,also a Redwood tree.There is a BBQ pit. Electrical was updated in the last 15 years. Copper plumbing throughout. Fully sprinkled back yard, NEW Roof, Gutters and Hardie Board siding with a 15 year painting guarantee. Outside painting on parts of house completed in August 2026. LOCATION, LOCATION,LOCATION. COME SEE!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,327 | 1,582.189 |
| Lot Size | 7,000 | 6,844.911 |
| Price | $765.0K | $805.1K |
| Price per sq ft | $576 | $518 |
| Built year | 1941 | 1974 |
| HOA | $0 | $210 |
| Days on market | 43 | 45 |
Pricing History
Listed for Sale
Sep 11, 2026
$765,000
Initial Listing