311 Amherst Drive, Salinas, California 93901, Salinas, 93901 - 2 bed, 2 bath
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Salinas, California 93901
This property presents a Prime Investment Opportunity with a List Price of $740,000—positioned well below the $759,972 Fair Market Value by 2%. This valuation gap offers $19,972 in Instant Equity. Featuring a Condition Rating of 4, the home offers a large 8,000 sqft lot and owned solar for long-term efficiency. While the interior requires cosmetic updates, the indoor-outdoor flow and mature landscaping provide significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 311 Amherst Drive Subject | $740,000* List Price | 2 | 2 | 1,443 | $527 | - |
A 826 Central Avenue Sold | $690,000 | 3 | 2 | 1,304 | $529 | 0.5 mi |
B 194 Riker Terrace Sold | $810,000 | 3 | 2 | 1,604 | $505 | 0.3 mi |
C 451 La Jolla Way Sold | $700,000 | 3 | 2 | 1,285 | $545 | 0.8 mi |
D 22 Willow Street Sold | $615,000 | 2 | 1 | 1,178 | $522 | 0.8 mi |
E 30 Santa Monica Court Sold | $794,000 | 3 | 2 | 1,354 | $586 | 0.6 mi |
F 906 Bautista Drive Active Under Contract | $799,000 List Price | 3 | 2 | 1,369 | $584 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, the home is well-maintained and move-in ready but remains dated. The kitchen features older-style cabinetry with exposed hinges and white appliances, suggesting a renovation age exceeding 20 years. While the addition of owned solar and newer flooring are positives, the overall aesthetic and systems likely require modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1443.
The expansive 8,000 sqft lot features mature landscaping, including olive and citrus trees, paired with a seamless indoor-outdoor flow that maximizes the California lifestyle.
The inclusion of an owned solar system provides significant long-term financial benefits and energy savings, a highly desirable feature for modern buyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8000, other record lot size in square feet = 7200.
With only two bedrooms, the property may see restricted demand from larger families or buyers requiring multiple guest rooms and home offices.
Built in 1956, the home may necessitate updates to older systems or cosmetic refreshments to align with contemporary luxury standards.
Welcome to this charming 1956 home filled with warmth, character, and a strong connection to the outdoors. The light and airy kitchen opens to a sunny breakfast nook where large windows frame views of the lush backyard. Step outside to an expansive yard featuring mature landscaping, including an olive tree, apple tree, cherry tree, lemon trees, and more. Inside, you'll find two spacious bedrooms with generous closet space and abundant storage throughout. The main living area offers a bright, open layout with a seamless flow between the living and dining spaces, highlighted by a wall of windows and a sliding glass door that leads directly to the backyard, creating an ideal indoor-outdoor living experience. A cozy fireplace serves as a focal point and can be enjoyed as either gas or wood-burning, and owned solar adds energy efficiency and long-term savings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,443 | 1,612 | 31% |
| Lot Size | 8,000 | 6,800 | 86% |
| Price | $740.0K | $810.0K | 22% |
| Price per sq ft | $513 | $511 | 53% |
| Built year | 1956 | 1959 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 127 | 6% |
Apr 29, 2026
$740,000
Initial Listing
Nov 23, 2020
$526,000
Public Record
Dec 29, 2005
$595,000
Public Record
Jul 27, 2001
$328,000
Public Record
Apr 28, 2000
$262,500
Public Record