291 Tapadero Street, Salinas, California 93906, Salinas, 93906 - 2 bed, 1 bath
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291 Tapadero Street
Salinas, California 93906
ACTIVE UNDER CONTRACT
CONDITION: GOOD
2Beds
1Baths
1,034Sq Ft
7,200Lot Size
Property Price
LIST PRICE$649,000
EST. MARKET VALUE
$670,016
3% BelowMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $649,000—positioned well below the $670,016 Fair Market Value by 3%. This valuation gap offers $21,016 in Instant Equity. The property maintains a Condition Rating of 3, featuring recent infrastructure upgrades like a new electrical panel and plumbing. With a 7,200 sq ft lot and detached garage, it offers significant ADU Conversion Potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Estimated Market Value
$670,016+$21,016 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 |
|---|---|---|---|---|---|---|
★ 291 Tapadero Street Subject 2 bd · 1 ba · 1,034 sqft · $648 | $649,000* List Price | 2 | 1 | 1,034 | $648 | - |
A 1163 Tyler Street Sold 2 bd · 1 ba · 1,080 sqft · $657 · 0.6 mi | $710,000 | 2 | 1 | 1,080 | $657 | 0.6 mi |
B 407 Pueblo Drive Sold 3 bd · 2 ba · 1,069 sqft · $678 · 0.6 mi | $725,000 | 3 | 2 | 1,069 | $678 | 0.6 mi |
C 1170 Tyler Street Sold 3 bd · 2 ba · 1,108 sqft · $642 · 0.6 mi | $711,000 | 3 | 2 | 1,108 | $642 | 0.6 mi |
D 319 Tapadero Sold 2 bd · 2 ba · 1,331 sqft · $525 · 0.1 mi | $699,000 | 2 | 2 | 1,331 | $525 | 0.1 mi |
E 452 Vallejo Street Sold 3 bd · 1 ba · 950 sqft · $689 · 0.6 mi | $655,000 | 3 | 1 | 950 | $689 | 0.6 mi |
F 1627 Cherokee Drive Sold 2 bd · 1 ba · 984 sqft · $619 · 0.9 mi | $609,000 | 2 | 1 | 984 | $619 | 0.9 mi |
G 1350 Cherokee Drive Sold 3 bd · 2 ba · 1,216 sqft · $654 · 0.7 mi | $795,000 | 3 | 2 | 1,216 | $654 | 0.7 mi |
H 1205 Monroe Street Sold 2 bd · 1 ba · 1,193 sqft · $557 · 0.7 mi | $665,000 | 2 | 1 | 1,193 | $557 | 0.7 mi |
I 236 Maryal Drive Active 3 bd · 1 ba · 1,112 sqft · $584 · 0.3 mi | $649,000 List Price | 3 | 1 | 1,112 | $584 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1941, the property is well-maintained and move-in ready. It features significant recent system upgrades including a new electrical panel and new plumbing lines. The interior shows refinished hardwood floors and a functional, updated kitchen with stainless steel appliances, fitting the criteria for a 5-15 year renovation status.
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 = 7200, living area = 1034.
- Expansive Outdoor Living
The generous 7,200 sq ft lot is a standout feature, boasting a Santa Maria-style brick barbecue, gazebo, fruit trees, and a covered porch, perfect for entertaining and gardening.
- ADU Conversion Potential
The detached two-car garage features recent plumbing upgrades and gated off-street parking, offering a prime opportunity for an ADU conversion to increase property value or rental income.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
With only 1,034 square feet of living space and a 2-bedroom, 1-bathroom configuration, the home may feel restrictive for growing families or those requiring a home office.
- Vintage Home Maintenance
Built in 1941, the property may present ongoing maintenance challenges inherent to older structures that go beyond the recent utility and cosmetic improvements.
About 291 Tapadero Street
Set behind a white picket fence on a 7,200 sq ft lot, this inviting two-bedroom, one-bathroom home offers classic character and generous outdoor space. Beautiful hardwood floors and abundant natural light welcome you inside, where the living room features a wood-burning fireplace and the dining room opens to a colorful backyard. A covered back porch, brick patio seating area, gazebo, and Santa Maria-style brick barbecue offer plenty of ways to enjoy time outdoors. Fruit trees, garden beds, and a storage/potting shed complement the large backyard, while leaving room for your own vision. The two-car garage includes a washer and dryer, with gated off-street parking for multiple cars, and offers potential for an ADU conversion, subject to required approvals. Recent improvements include fresh paint, a new electrical panel, plumbing in the garage, and new plumbing lines. Enjoy a central Salinas location with room to garden, entertain, and add your own personal touches.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1941
- Lot Size
- 7,200 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 | 1,034 | 1,582.189 |
| Lot Size | 7,200 | 6,844.911 |
| Price | $649.0K | $805.1K |
| Price per sq ft | $628 | $518 |
| Built year | 1941 | 1974 |
| HOA | $0 | $210 |
| Days on market | 15 | 45 |
Pricing History
Listed for Sale
Oct 9, 2026
$649,000
Initial Listing
Sold
Dec 1, 2020
$501,000
Public Record