
Salinas, California 93905
This property presents a High-Potential Investment Opportunity with a List Price of $685,000—positioned well below the $666,923 Fair Market Value by -2%. Featuring a Condition Rating of 4, this home offers a functional layout with recent cosmetic updates. The expansive 8,100 sq. ft. lot provides significant ADU & Expansion Potential, including garage conversion possibilities. While school ratings are modest, the property’s utility and size make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 633 Saint George Drive Subject | $685,000* List Price | 3 | 2 | 1,121 | $595 | - |
A 609 Saint George Drive Sold | $709,999 | 3 | 2 | 1,145 | $620 | 0.1 mi |
B 766 Holly Street Sold | $489,900 | 2 | 1 | 1,075 | $456 | 0.4 mi |
C 1238 Tahiti Place Sold | $695,000 | 4 | 2 | 1,369 | $508 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1973, the home is dated but functional. While it features recent cosmetic improvements like fresh paint and new kitchen appliances, the bathrooms, flooring, and popcorn ceilings are original or aged, requiring modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8100, living area = 1121.
The expansive 8,100 square foot lot provides significant opportunity for value-add projects, including a Junior ADU garage conversion or a detached ADU in the rear yard.
The home features fresh interior and exterior paint, new kitchen appliances, and vinyl windows, offering a refreshed aesthetic and reduced immediate maintenance for new owners.
The assigned elementary schools have lower performance ratings (ranging from 2 to 3), which may be a deterrent for families focused on high-ranking educational districts.
With only 1,121 square feet of living space for a three-bedroom home, the interior layout may feel constrained for buyers seeking more spacious common areas.
Laurel Heights home on one huge lot! This 3 bed, 2 bath house with attached 2 car garage has been freshly painted inside and out with brand new manual open aluminum garage door, stove/oven, fridge, and stove hood. Very functional layout and design. Vinyl windows throughout. This huge 8,100 square foot backyard has mature landscaping/trees, a large covered patio/deck in the rear, and 3 separate detached storage sheds. Possibility to covert garage to Junior ADU and/or build additional detached ADU in rear yard.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades K-6 • 1.4 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,121 | 1,586.885 |
| Lot Size | 8,100 | 6,939.262 |
| Price | $685.0K | $809.5K |
| Price per sq ft | $611 | $527 |
| Built year | 1973 | 1973 |
| HOA | $0 | $218 |
| Days on market | 23 | 46 |
Aug 17, 2026
$685,000
Initial Listing