2398 N Main Street A, Salinas, California 93906, Salinas, 93906 - 3 bed, 2 bath
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2398 N Main Street A
Salinas, California 93906
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,244Sq Ft
0Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$483,562
6% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a rare 3-bedroom Condominium listed at a List Price of $450,000—positioned well below the $483,562 Fair Market Value by 6%. This valuation gap provides $33,562 in Instant Equity. Featuring a Fair Condition Rating, the property offers a functional layout with a gas-burning fireplace and community pool access. While the HOA fee is notable, the ground-floor accessibility and rarity of this floor plan make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Estimated Market Value
$483,562+$33,562 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2398 N Main Street A Subject | $450,000* List Price | 3 | 2 | 1,244 | $389 | - |
A 2400 N Main Street F Sold | $368,000 | 1 | 1 | 820 | $449 | 0.0 mi |
B 2412 N Main Street G Sold | $395,000 | 2 | 2 | 932 | $424 | 0.1 mi |
C 2392 N Main Street E Sold | $337,000 | 1 | 1 | 820 | $411 | 0.0 mi |
D 2408 N Main Street H Sold | $375,000 | 1 | 1 | 820 | $457 | 0.1 mi |
E 2422 N Main Street F Sold | $425,000 | 2 | 2 | 1,150 | $370 | 0.1 mi |
F 2402 N Main Street A Active | $399,000 List Price | 2 | 2 | 932 | $428 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is functional but dated. The kitchen features older white appliances and a fluorescent light box, while the bathroom retains an original-style oak vanity and dated fixtures. Although the flooring has been updated to laminate, the age of the primary systems and the need for cosmetic modernization in the kitchen and baths align with the 'Fair' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Rare 3-Bedroom Layout
This unit represents a unique market opportunity as 3-bedroom homes in the Village North Lagoon community are exceptionally rare and have not been available for sale in several years.
- Ground-Floor Accessibility
The single-level, ground-floor location with no stairs offers maximum convenience and accessibility, making it an ideal choice for those seeking a home without mobility barriers.
- Comprehensive Community Amenities
The property includes access to 24-hour security, a seasonal community pool, and professionally maintained grounds, providing a secure and resort-like living environment.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $832 is significantly high, which may deter budget-conscious buyers and impact the overall monthly carrying costs of the property.
- Dated Building Age
Constructed in 1980, the home may require additional capital investment for modernizing interiors and systems to compete with newer residential developments.
About 2398 N Main Street A
Welcome to this rare opportunity to own a desirable 3-bedroom, 2-bathroom, single-level home in the sought-after Village North Lagoon community in Salinas. Offering the convenience of a ground-floor location with no stairs, this home features a spacious and functional floor plan designed for comfortable everyday living. The inviting living room is centered around a cozy gas-burning fireplace, perfect for chilly evenings, while the separate family room and dedicated dining area provide ample space for relaxing and entertaining. An indoor laundry area adds everyday convenience. Residents enjoy access to a seasonal community pool, beautifully maintained grounds, and the peace of mind of 24-hour security. Three-bedroom homes in Village North Lagoon are exceptionally rare, with none having been offered for sale in years. Don't miss this unique opportunity to own one of the community's most desirable floor plans in a convenient North Salinas location close to shopping, dining, schools, and Highway 101.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $832.0 / Month
Neighborhood Insights
Salinas Unified Schools
Everett Alvarez High School
Grades 9-12 • 2.5 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.1 |
| Baths | 2.0 | 1.8 |
| Square foot | 1,244 | 1,220 |
| Lot Size | - | 3,349.333 |
| Price | $450.0K | $503.4K |
| Price per sq ft | $362 | $425 |
| Built year | 1980 | 1980 |
| HOA | $832.0 | $567 |
| Days on market | 54 | 89 |
Pricing History
Listed for Sale
Jul 17, 2026
$450,000
Initial Listing
Sold
Mar 26, 2020
$287,000
Public Record
Sold
Mar 30, 2017
$227,000
Public Record
Sold
Aug 26, 2015
$180,000
Public Record
Sold
Jun 10, 2009
$81,000
Public Record
Sold
Dec 30, 2005
$379,000
Public Record
Sold
Oct 30, 1998
$119,000
Public Record