2426 N Main Street B, Salinas, California 93906, Salinas, 93906 - 2 bed, 2 bath
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2426 N Main Street B
Salinas, California 93906
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,155Sq Ft
1,242Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$462,462
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $439,000—positioned well below the $462,463 Fair Market Value by 5%. This valuation gap offers $23,463 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home includes two gas-log fireplaces and access to community pool and spa amenities. While the unit requires cosmetic updates, its gated security and ground-floor bedroom layout provide functional appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking entry into the Salinas market.
Estimated Market Value
$462,462+$23,462 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 |
|---|---|---|---|---|---|---|
★ 2426 N Main Street B Subject | $439,000* List Price | 2 | 2 | 1,155 | $400 | - |
A 2412 N Main Street G Sold | $395,000 | 2 | 2 | 932 | $424 | 0.1 mi |
B 2400 N Main Street F Sold | $368,000 | 1 | 1 | 820 | $449 | 0.1 mi |
C 2408 N Main Street H Sold | $375,000 | 1 | 1 | 820 | $457 | 0.1 mi |
D 2398 N Main Street A Active | $450,000 List Price | 3 | 2 | 1,244 | $362 | 0.1 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 was built in 1989 (35 years old) and features dated interior elements including Formica countertops, original-style oak cabinetry, and popcorn ceilings. While functional and move-in ready, the age of the systems and the lack of modern renovations place it in the fair category, requiring cosmetic updates and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Community Amenities
The property offers access to desirable community features, including a fenced in-ground lap pool and a spa, providing excellent recreational value for residents.
- Functional Layout and Comfort
The home features a convenient ground-floor bedroom and two gas-log fireplaces, blending accessibility with a cozy atmosphere.
- Enhanced Security
Located within a gated community, the residence provides an added layer of privacy and security, which is a significant draw for safety-conscious buyers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1242, other record lot size in square feet = 1147. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1155, other record living area = 815. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- High Carrying Costs
The monthly association fee of $638 is relatively high for a two-bedroom unit, which may deter budget-conscious buyers or impact financing ratios.
- Lack of Private Parking
The absence of a garage limits secure vehicle storage and additional utility space, which can be a major drawback in this market segment.
About 2426 N Main Street B
This 2-bedroom, 2-bath home is located in Salinas within the Santa Rita Union Elementary School District. The 932 sq. ft. residence features carpet and tile flooring throughout. The kitchen is equipped with Formica countertops, a gas oven range, refrigerator, hood over range, and garbage disposal. Both bathrooms include a shower and tub or stall shower. The home offers two fireplaces with gas logs and gas starters, and heating is provided by central forced air (gas). Laundry hookups (110V) are located in the utility room. There is no garage, but the property is secured by a security gate. The lot size measures approximately 1,242 sq. ft. Community amenities include a fenced, in-ground lap pool and spa/hot tub. There is no central cooling system. The dining area adjoins the kitchen area, and the bedrooms include a ground-floor bedroom and a walk-in closet. Low flow toilets contribute to energy efficiency.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 1,242 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $638.0 / 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 | 2.0 | 2.1 |
| Baths | 2.0 | 1.8 |
| Square foot | 1,155 | 1,220 |
| Lot Size | 1,242 | 3,349.333 |
| Price | $439.0K | $503.4K |
| Price per sq ft | $380 | $425 |
| Built year | 1989 | 1980 |
| HOA | $638.0 | $567 |
| Days on market | 34 | 89 |
Pricing History
Listed for Sale
Aug 6, 2026
$439,000
Initial Listing
Sold
Oct 7, 2009
$70,000
Public Record
Sold
Nov 30, 2007
$250,000
Public Record