28837 Underwood Road, Salinas, California 93908, Salinas, 93908 - 4 bed, 3 bath
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28837 Underwood Road
Salinas, California 93908
ACTIVE
CONDITION: GOOD
4Beds
3Baths
3,059Sq Ft
541,849Lot Size
Property Price
LIST PRICE$2,395,000
SUMMARY
Analysis of 28837 Underwood Road, Salinas, California 93908 is currently available with a list price of $2,395,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1995 (30+ years), the property is exceptionally well-maintained and features significant modern system upgrades including a solar system with Tesla battery backups, Anderson windows, and a tankless water heater. The kitchen features updated stainless appliances and granite counters, though the cabinetry remains dated. The overall condition is move-in ready and functional, exceeding the typical 'Fair' threshold due to high-end maintenance and utility improvements.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 541849, living area = 3059.
- Comprehensive Equestrian Facilities
The 12-acre estate is a premier horse property featuring a 6-stall barn with a tack room, round pen, arena area, and multiple fenced pastures and trails.
- Dual-Residence Versatility
The property includes two full homes—a 3,059 sq. ft. main house and a 1,187 sq. ft. second unit—each with its own 3-car garage, ideal for multi-generational living or rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =541849, other record lot size in square feet = 527786. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3059, other record living area = 3200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Extended Days on Market
The property has been active for 97 days and has already undergone a $100,000 price reduction, suggesting potential difficulty in matching the initial valuation with buyer demand.
- Niche Market Appeal
The highly specialized equestrian setup and rural 'Pastures of Heaven' location cater to a specific lifestyle buyer, which naturally limits the pool of prospective purchasers.
About 28837 Underwood Road
JUST REDUCED! Country living at its best! Tucked away in Steinbecks Pastures of Heaven, a short drive through Corral de Tierra featuring rolling hills dotted w/heritage oaks, historic ranch lands & newer equestrian estates! Expectations are met when you roll up & survey the views of pastures & folding hills which sets the stage for this majestic 12-acre equestrian estate. A 6 stall barn w/tack room, runs, round pen, an arena area, trails & pastures welcome your horses home! Extra features include a tractor barn & fenced large garden, a stunning 20 X 40 swimming pool, an in-ground spa. TWO residences, each with 3-car garage, beautiful finishes, spacious rooms & quality amenities. The elegant main home has 3,059 sq. ft. 4 bedrooms, an office, 3 bathrooms & central forced air heating/air conditioning, two fireplaces, an outdoor BBQ area and fire pit. Energy efficient, w/Anderson windows & a solar system w/two Tesla battery backups & a large shop. The second gem of a home is a 1,187sq. ft. two bed/ full bath w/ a spacious open living room/dining & kitchen, great appliances, tankless water heater. A great well produces plenty of water for all. Outstanding opportunity for multi-generational living, homesteading & an outdoor lifestyle that offers both tranquility & adventure!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1995
- Lot Size
- 541,849 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,059 | 1,586.885 |
| Lot Size | 541,849 | 6,939.262 |
| Price | $2.40M | $809.5K |
| Price per sq ft | $783 | $527 |
| Built year | 1995 | 1973 |
| HOA | $0 | $218 |
| Days on market | 132 | 46 |
Pricing History
Listed for Sale
Aug 5, 2026
$2,395,000
$2,495,000
-4% Price Drop
Initial Listing
Price Change
Apr 30, 2026
$2,495,000
Initial Listing