505 Polk Circle, Salinas, California 93906, Salinas, 93906 - 3 bed, 2 bath
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Salinas, California 93906
This Single Family Residence is a Strong Value Opportunity, listed at $692,000—positioned well below the $695,231 Fair Market Value by 0.46%. Featuring a Condition Rating of 4, the home offers a solid foundation with recent cosmetic updates and an oversized 9,300 sqft lot, providing significant potential for an ADU or expansion. While school ratings in the area are modest, the property’s ample parking and backyard access offer excellent utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 505 Polk Circle Subject | $692,000* List Price | 3 | 2 | 1,309 | $531 | - |
A 1205 Monroe Street Sold | $665,000 | 2 | 1 | 1,193 | $557 | 0.2 mi |
B 1170 Tyler Street Sold | $711,000 | 3 | 2 | 1,108 | $642 | 0.1 mi |
C 344 Pueblo Drive Sold | $582,000 | 3 | 2 | 1,172 | $497 | 0.6 mi |
D 217 Iris Drive Sold | $645,000 | 3 | 2 | 1,498 | $431 | 0.3 mi |
E 903 Lupin Drive Sold | $705,000 | 3 | 2 | 1,265 | $557 | 0.5 mi |
F 216 Toyon Avenue Sold | $638,000 | 4 | 2 | 1,443 | $442 | 0.7 mi |
G 1350 Cherokee Drive Active Under Contract | $795,000 List Price | 3 | 2 | 1,216 | $654 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this home shows significant age despite recent cosmetic updates like fresh paint and carpet. The kitchen is dated with older cabinetry and laminate countertops, and the utility/garage areas show wear and older finishes that require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9300, living area = 1309.
The property sits on a generous 9,300 sqft oversized lot with backyard access, offering significant potential for an Accessory Dwelling Unit (ADU), expansion, or premium outdoor living space.
With many recent updates and renovations already completed, the home is move-in ready, providing a convenient solution for buyers looking to avoid immediate construction costs.
The assigned public schools for this address have relatively low ratings, which may be a concern for families prioritizing high-performance educational environments.
Originally constructed in 1954, the home may possess older underlying mechanical or structural systems that require more frequent maintenance than a modern build.
The home is ready for its new family, much of the work and updates has been completed, to this 3 bedroom 2 bath home located in this well established neighbor hood, Home sit on a over size lot, extra driveway parking, with access to the back yard, lots of possibilities here, stop by take a look for yourself, thank you.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,309 | 1,331 | 47% |
| Lot Size | 9,300 | 6,039 | 95% |
| Price | $692.0K | $700.0K | 45% |
| Price per sq ft | $529 | $513 | 57% |
| Built year | 1954 | 1972 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 134 | 2% |
May 26, 2026
$692,000
Initial Listing