330 Homestead Avenue, Salinas, California 93901, Salinas, 93901 - 4 bed, 3 bath
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Salinas, California 93901
This Spacious Mission Park Residence is a premier Value-Add Opportunity, currently listed at $849,000. The pricing is positioned near the $839,419 Fair Market Value, reflecting a stable entry point for this established neighborhood. Boasting over 2,500 square feet and a Condition Rating of 4, the 1940s home offers a functional layout with a Neighborhood View, an expansive patio, and a 7,100 sq ft lot. While well-maintained, the dated interior provides a clear path for forced appreciation through modernization. This acquisition is ideal for Value-Add Investors or Owner-Occupants seeking a high-potential project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 330 Homestead Avenue Subject | $849,000* List Price | 4 | 3 | 2,563 | $328 | - |
A 36 Pine Street Sold | $868,000 | 5 | 4 | 2,609 | $333 | 0.7 mi |
B 307 De La Vina Way Sold | $911,160 | 4 | 3 | 2,302 | $396 | 0.9 mi |
C 1007 Driftwood Place Sold | $885,000 | 4 | 4 | 2,304 | $384 | 0.7 mi |
D 1111 Santa Fe Way Sold | $765,000 | 4 | 2 | 1,823 | $420 | 0.8 mi |
E Cayuga Street Pending | $889,000 List Price | 6 | 3 | 2,385 | $373 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940 and held by the same owner for 57 years, the home is well-maintained but significantly dated. While the kitchen has some newer stainless steel appliances, the cabinetry, tile work in bathrooms, and interior built-ins are over 20 years old. The property is functional and move-in ready but requires cosmetic and likely system updates.
Situated in the highly desirable Mission Park neighborhood, this property offers a prestigious and established community setting known for its character and long-term value.
Boasting over 2,500 square feet of living area with four bedrooms, the home provides a spacious and functional layout that is significantly larger than many comparable vintage residences.
The property features an expansive patio and a 7,100 square foot lot, creating an ideal environment for outdoor entertaining and private recreation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2563, other record living area = 2524.
Having been held by the same owner for 57 years, the home likely requires significant cosmetic and system updates to meet modern aesthetic and efficiency standards.
The recent reduction from the original list price of $895,000 suggests that the property may have been initially overvalued relative to its current condition or market demand.
Offered for the first time in 57 years, this well-loved home is ready for its next chapter. Situated in the Mission Park neighborhood, this spacious 4-bedroom, 2.5-bath residence offers over 2,500 square feet of living space on a 7,100 sq ft lot. Thoughtfully maintained over the decades, the home features generous living areas, a functional layout, and a garage. A standout feature is the expansive patio -perfect for outdoor entertaining, gatherings, or simply enjoying the space. An opportunity to own a property with history, heart and potential to make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 82% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 2,563 | 1,612 | 89% |
| Lot Size | 7,100 | 6,500 | 68% |
| Price | $849.0K | $810.0K | 71% |
| Price per sq ft | $331 | $506 | 5% |
| Built year | 1940 | 1962 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 149 | 3% |
Apr 8, 2026
$849,000
$895,000
-5% Price Drop
Initial Listing
Mar 24, 2026
$895,000
Initial Listing
Jan 22, 2004
$235,000
Public Record