345 Homestead Avenue, Salinas, California 93901, Salinas, 93901 - 3 bed, 2 bath
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345 Homestead Avenue
Salinas, California 93901
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,914Sq Ft
7,500Lot Size
Property Price
LIST PRICE$711,000
EST. MARKET VALUE
$726,851
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $711,000—positioned well below the $726,852 Fair Market Value by 2%. This valuation gap offers $15,852 in Instant Equity for buyers willing to address the Fair Condition Rating. While the home requires significant modernization, the 1,914 sq. ft. layout and 7,500 sq. ft. lot provide a solid foundation for value-add renovations. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in a prime South Salinas location.
Estimated Market Value
$726,851
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 |
|---|---|---|---|---|---|---|
★ 345 Homestead Avenue Subject | $711,000* List Price | 3 | 2 | 1,914 | $380 | - |
A 606 Central Avenue Sold | $870,000 | 3 | 3 | 2,245 | $388 | 0.4 mi |
B 330 Homestead Avenue Sold | $775,000 | 4 | 3 | 2,563 | $302 | 0.0 mi |
C 219 Pine Street Active Under Contract | $835,000 List Price | 3 | 2 | 2,029 | $412 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1938, this property shows significant deferred maintenance including peeling exterior paint and a dead lawn. The interior features highly dated finishes such as worn pink carpeting and a kitchen that appears to be over 30 years old. Given the age and visible condition, a full rehab of systems and cosmetics is required.
PROSSTRENGTHS & OPPORTUNITIES
- Prime South Salinas Location
Situated in a highly desirable, well-loved neighborhood within walking distance to Hartnell College and Old Town, offering exceptional convenience and lifestyle appeal.
- Authentic Architectural Character
Built in 1938, the home retains its original charm with features like wood flooring, a bay window, and a wood-burning stove, providing a unique aesthetic often missing in newer builds.
- Spacious Layout and Lot
The property offers a generous 1,914 sq. ft. of living space including a sunroom, paired with a large 7,500 sq. ft. lot and a detached garage, ideal for entertaining and future expansion.
CONSRISKS & DEFICIENCIES
- Modernization Required
The description's emphasis on 'potential' suggests the home likely requires significant cosmetic updates and renovations to meet contemporary buyer expectations.
- Aging Infrastructure
Given the 1938 construction date, the property may have older electrical, plumbing, or insulation systems that could necessitate immediate capital improvement costs.
About 345 Homestead Avenue
Single-level South Salinas charmer, nestled in a well-loved neighborhood and within walking distance to Hartnell College, Old Town, and convenient to everything. The charming front entry opens to a cozy living room with original wood flooring, a bay window, and a wood-burning stove fireplace. The separate dining area leads into the kitchen, with an open family room and bonus sunroom. Offering approximately 1,914 sq. ft. of living space, with 3 bedrooms and 2 bathrooms, a mud room, detached garage, and plenty of room for entertaining in the backyard. Lots of charm, character, and potential!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1938
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,914 | 1,586.885 |
| Lot Size | 7,500 | 6,939.262 |
| Price | $711.0K | $809.5K |
| Price per sq ft | $371 | $527 |
| Built year | 1938 | 1973 |
| HOA | $0 | $218 |
| Days on market | 7 | 46 |
Pricing History
Listed for Sale
Sep 2, 2026
$711,000
Initial Listing
Sold
Dec 9, 1994
$164,000
Public Record