629 Chaparral, Salinas, California 93906, Salinas, 93906 - 4 bed, 2 bath
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629 Chaparral
Salinas, California 93906
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
2Baths
1,870Sq Ft
9,100Lot Size
Property Price
LIST PRICE$780,000
EST. MARKET VALUE
$835,916
6% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $780,000—positioned well below the $817,940 Fair Market Value by 4%. This valuation gap offers $37,940 in Instant Equity. Featuring a Condition Rating of 2, this fully remodeled Single Family Residence includes permitted plans for a 3-bedroom ADU on a 9,100 sqft lot. Its proximity to medical and professional centers ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey home with significant value-add potential.
Estimated Market Value
$835,916+$55,916 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 629 Chaparral Subject | $780,000* List Price | 4 | 2 | 1,870 | $447 | - |
A 1163 Granada Avenue Sold | $765,000 | 4 | 3 | 1,801 | $425 | 0.5 mi |
B 40 Saint Brendan Way Sold | $830,000 | 4 | 3 | 2,055 | $404 | 0.7 mi |
C 767 Los Coches Avenue Sold | $762,777 | 4 | 2 | 1,509 | $505 | 0.7 mi |
D 1669 Stony Brook Drive Sold | $985,000 | 4 | 3 | 2,405 | $410 | 0.7 mi |
E 1671 Cambrian Drive Sold | $790,000 | 3 | 2 | 1,743 | $453 | 0.6 mi |
F 18 Hancock Circle Sold | $865,000 | 3 | 3 | 1,861 | $465 | 0.9 mi |
G 319 Tapadero Sold | $699,000 | 2 | 2 | 1,331 | $525 | 0.9 mi |
H 336 Rainier Drive Sold | $780,000 | 4 | 2 | 1,487 | $525 | 0.6 mi |
I 246 Loma Drive Active | $750,000 List Price | 3 | 1 | 1,443 | $520 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive full remodel including brand new essential systems (electrical, plumbing, roof, and furnace). The interior features a modern updated kitchen, new bathrooms, new flooring, and recessed lighting throughout, meeting the criteria for a high-quality renovation completed within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9100, living area = 1461.
- Comprehensive Turnkey Renovation
The property has undergone an extensive permitted remodel including new electrical, plumbing, roof, furnace, and modern interior finishes, offering a move-in-ready experience with major systems addressed.
- Exceptional Investment Potential
The inclusion of submittable plans for a 3-bedroom ADU, plus potential for a Junior ADU on a generous 9,100 sqft lot, provides significant value-add opportunities for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-12-12. The sold price is $597,000.00.
- Low School Ratings
The assigned elementary and middle schools currently hold low ratings (2-3), which may be a deterrent for families prioritizing high-performing educational districts.
- Square Footage Discrepancies
The listing indicates that the current square footage may be understated and unverified, requiring buyers to perform diligent measurements to confirm the actual living space.
About 629 Chaparral
Fully Remodeled. Spouse approved! 4 Bedroom 2 Bath! Why is this an investor, multi-generational family opportunity?? Answer: This fully remodeled home comes with PLANS FOR A 3 BEDROOM ADU included. Submittable plans for ADU included. Possible space to create a Junior ADU opportunity also. 4 Bedroom 2 Bath, NEW electrical, NEW plumbing, NEW Roof, NEW furnace, NEW gutters, NEW baths,updated kitchen and lighting, NEW floors. RV parking, driveway access to backyard and so much more. Located near Hospital, sherrrif's office, county offices medical and professional centers. All work permitted. *Square footage may be understated. Working on updated square footage number. Buyer to verify all measurements and statements.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 9,100 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Salinas Unified Schools
Natividad Elementary School
Grades K-6 • 0.3 mi
3/10
El Gabilan Elementary School
Grades K-6 • 0.5 mi
2/10
Loma Vista Elementary School
Grades K-6 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,870 | 1,586.885 |
| Lot Size | 9,100 | 6,939.262 |
| Price | $780.0K | $809.5K |
| Price per sq ft | $417 | $527 |
| Built year | 1955 | 1973 |
| HOA | $0 | $218 |
| Days on market | 48 | 46 |
Pricing History
Listed for Sale
Jul 23, 2026
$780,000
Initial Listing
Sold
Dec 12, 2025
$597,000
Public Record
Sold
Jun 3, 1999
$190,000
Public Record