363 Greenwich Way, Salinas, California 93907, Salinas, 93907 - 3 bed, 2 bath
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Salinas, California 93907
This property presents a High-Potential Investment Opportunity with a List Price of $690,000—positioned well below the $709,359 Fair Market Value by 2%. This valuation gap offers $19,359 in Instant Equity for buyers. Featuring a functional floor plan with a downstairs bedroom and full bath, the home maintains a Condition Rating of 4, requiring cosmetic modernization. With a serene backyard patio and proximity to local schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 363 Greenwich Way Subject | $690,000* List Price | 3 | 2 | 1,533 | $463 | - |
A 561 Powell Street Sold | $658,000 | 3 | 2 | 1,243 | $529 | 0.3 mi |
B 1075 Sherman Drive Sold | $670,000 | 3 | 2 | 1,170 | $573 | 0.8 mi |
C 740 Alvarado Drive Active | $629,000 List Price | 3 | 2 | 1,170 | $538 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1986 (38 years old) and appears to have original finishes. The kitchen features dated oak cabinetry, tile countertops, and fluorescent lighting typical of the 1980s. While well-maintained and functional, the home is over 20 years old and requires cosmetic updates and modernization as noted in the listing description.
The inclusion of a downstairs bedroom and full bathroom provides excellent flexibility for multi-generational living, guest accommodations, or a private home office.
The property features a serene backyard with an established garden, offering a peaceful and private setting for relaxation and outdoor entertaining.
Details such as crown moulding throughout and a functional floor plan with a separate dining area provide a solid, charming foundation for future value-add improvements.
The home is explicitly noted as needing personal touches and updates, suggesting that the 1986 interior may require significant capital investment to meet modern aesthetic standards.
At 4,289 square feet, the lot is relatively small for the area, which may limit future expansion possibilities or large-scale outdoor activities.
Opportunity comes knocking in this 3 bedroom, 2 bath home located in a desirable neighborhood. Ready for your personal touches and updates, this home offers a functional floor plan with a convenient downstairs bedroom and full bathroom, ideal for guests, an additional bedroom, or a home office. The kitchen opens to a cozy breakfast nook and separate dining area, providing great potential for everyday living and entertaining. Upstairs, the primary bedroom features a walk-in closet and ample space. Crown moulding adds character throughout, while the serene backyard with established garden offers a peaceful setting to relax or entertain.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,533 | 1,621 |
| Lot Size | 4,289 | 7,100 |
| Price | $690.0K | $803.5K |
| Price per sq ft | $450 | $520 |
| Built year | 1986 | 1970 |
| HOA | $0 | $243 |
| Days on market | 7 | 45 |
Jul 15, 2026
$690,000
Initial Listing
Apr 4, 2003
$359,500
Public Record
Jan 12, 2001
$309,000
Public Record