
Salinas, California 93908
This Spacious Ranch-Style Residence represents a High-Potential Investment Opportunity, listed at $1,750,000—positioned slightly above the $1,725,501 Fair Market Value. While requiring modernization, the property features a 2.5-acre lot, panoramic views, and two versatile outbuildings. With a Condition Rating of 4, the home offers significant upside for value-add renovations. The expansive, usable land and private hilltop setting provide a rare canvas for customization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term project with substantial equity growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 60 Seca Place Subject 3 bd · 3 ba · 2,802 sqft · $616 | $1,750,000* List Price | 3 | 3 | 2,802 | $616 | - |
A 77 Laureles Grade Active 4 bd · 3 ba · 2,230 sqft · $572 · 0.1 mi | $1,275,000 List Price | 4 | 3 | 2,230 | $572 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1948 and held by the same family for decades, the property is well-maintained but significantly dated. The kitchen and interior finishes (wallpaper, flooring, cabinetry) appear to be from a renovation cycle older than 20-30 years. While functional and move-in ready, it requires comprehensive cosmetic updates and likely modernization of systems to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 106286, living area = 2802.
Sited on a 2.5-acre usable lot at the end of a private driveway, the property offers exceptional privacy and ample space for outdoor activities or potential expansion.
The hilltop location provides breathtaking, 360-degree views of the surrounding hills, mountains, and valley, significantly enhancing the property's aesthetic appeal and value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2802, other record living area = 2635.
Built in 1948 and described as ready for 'personal touches,' the home likely requires significant capital investment to update its systems and finishes to modern standards.
With 43 days on market and a recent $100,000 price reduction, the property may face challenges regarding its perceived value relative to its current condition.
Follow Seca Place to the end of the road and enter the private driveway leading to the top of the hill and find this this spacious ranch-style home sited on a sunny, usable 2.5 acre lot that offers incredible panoramic views in all directions. The single-level residence has three bedrooms, an office, and two full bathrooms as well as an additional bathroom off the garage and other water fixtures. The open living room features hardwood floors, a fireplace, and a vaulted, open-beam ceiling. The home includes a large kitchen with a breakfast nook and an attached a dining room. The large primary bedroom boasts lovely views to the west. Additional amenities include mature landscaping, a two-car garage and a covered patio with a fireplace. In addition, there are two outbuildings that offer lots of utility for additional uses and plenty of parking and space for your vehicles. Easy access to the Monterey-Salinas Highway provides access to all the central coast has to offer. Owned by the same family for many years, this wonderful property is ready for your personal touches and its next chapter. Don't miss this unique opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,802 | 1,582.189 |
| Lot Size | 106,286 | 6,844.911 |
| Price | $1.75M | $805.1K |
| Price per sq ft | $625 | $518 |
| Built year | 1948 | 1974 |
| HOA | $0 | $210 |
| Days on market | 62 | 45 |
Sep 29, 2026
$1,750,000
$1,850,000
-5% Price Drop
Initial Listing
Aug 23, 2026
$1,850,000
Initial Listing