516 College Drive, Salinas, California 93901, Salinas, 93901 - 4 bed, 2 bath
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Salinas, California 93901
This Stunning Move-In Ready Home represents a Strong Value Opportunity, listed at $875,000—positioned well below the $947,055 Fair Market Value by 7%. This valuation gap offers $72,055 in Instant Equity for the buyer. Featuring a 2,022 sqft floor plan and a Condition Rating of 2, the home includes modern upgrades like a tankless water heater and new windows. Located in the prestigious Mission Park neighborhood, it is an ideal sanctuary for growing families or first-time buyers seeking a turnkey lifestyle near top-tier schools.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 College Drive Subject | $875,000* List Price | 4 | 2 | 2,022 | $468 | - |
A 15 Del Rey Circle Sold | $940,000 | 4 | 3 | 2,108 | $446 | 0.9 mi |
B 730 Lemos Avenue Sold | $800,000 | 3 | 2 | 1,457 | $549 | 0.2 mi |
C 551 San Felipe Street Sold | $845,000 | 3 | 2 | 1,695 | $499 | 0.5 mi |
D 123 Chestnut Street Sold | $840,000 | 3 | 2 | 1,620 | $519 | 0.9 mi |
E 307 De La Vina Way Sold | $911,160 | 4 | 3 | 2,302 | $396 | 0.8 mi |
F 58 Young Drive Active Under Contract | $820,000 List Price | 3 | 2 | 1,844 | $445 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1956, the property has undergone a comprehensive recent restoration. It features brand-new windows, fresh interior/exterior paint, and significant system upgrades including a new tankless water heater and a whole-house water softener. The interior shows mint-condition hardwood floors and updated lighting, meeting the criteria for a recent high-quality renovation with no immediate maintenance needed.
Located in the highly sought-after Mission Park neighborhood, this property offers rare walkability to schools ranging from kindergarten through college, including Mission Park Elementary and Hartnell College.
The home features significant modern improvements such as brand-new windows, fresh interior and exterior paint, a tankless water heater, and a whole-house water softener, ensuring a turn-key experience for buyers.
With four bedrooms and over 2,000 square feet of living space, the floor plan is exceptionally flexible, catering well to multigenerational living, remote work, or evolving family needs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While the home has been beautifully restored, the 1956 original construction may still harbor older underlying plumbing or electrical components that could require future attention compared to a modern build.
The 6,600 square foot lot is standard for the area but may feel restrictive for buyers seeking expansive private acreage or significant outdoor expansion possibilities.
Located on the 500 block of College Drive in the heart of Mission Park, this lovingly restored 1956 charmer offers the rare opportunity to walk to school from kindergarten through college, with Mission Park Elementary, Palma, and Hartnell College all just blocks away. Rarely does a home become available in this sought-after neighborhood. Featuring 4 bedrooms, 2 full baths, and a beautifully updated yard, the home blends timeless character with thoughtful modern updates. Natural light fills the home through brand-new windows, while recent improvements include fresh interior and exterior paint, updated front and backyard landscaping, new lighting, a tankless water heater, and a whole-house water softener. Designed for both everyday living and entertaining, the inviting layout flows seamlessly outdoors to enjoy Salinas mild coastal weather year-round. Enjoy morning coffee in the courtyard, gather with friends beneath the up-lit redwood tree, or unwind on the patio after a long day. The versatile floor plan is ideal for multigenerational living, working from home, or flexible spaces that can evolve over time. Warm, welcoming, and full of original character, this is a home meant to be cherished for generations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 78% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,022 | 1,622.5 | 81% |
| Lot Size | 6,600 | 6,750 | 47% |
| Price | $875.0K | $815.0K | 75% |
| Price per sq ft | $433 | $509 | 19% |
| Built year | 1956 | 1959 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 127 | 3% |
May 14, 2026
$875,000
Initial Listing
Apr 5, 2023
$735,000
Public Record
Jun 22, 2012
$314,000
Public Record