743 Middlefield Road, Salinas, California 93906, Salinas, 93906 - 3 bed, 2 bath
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Salinas, California 93906
This Value-Add Residential Asset is listed at $829,000, reflecting a stable price point near its $802,500 Fair Market Value given the extreme land scarcity in the area. With a Condition Rating of 4, the home requires updates to its Aging Infrastructure, yet the massive 21,060 sqft lot offers exceptional ADU construction potential. High market demand is evidenced by its current contract status, highlighting the value of the expansive lot over the 1955 structure. This is an ideal play for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 743 Middlefield Road Subject | $829,000* List Price | 3 | 2 | 1,536 | $522 | - |
A 624 San Juan Grade Road Sold | $890,000 | 3 | 2 | 1,769 | $503 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property shows signs of aging infrastructure and outdated exterior features, including older siding and a chain-link perimeter fence. While the structure appears functional, the lack of visible modern upgrades and the property analysis highlighting 'Aging Infrastructure' suggest that the kitchen, bathrooms, and major systems likely require modernization to meet current quality standards. The value is heavily weighted toward the expansive lot rather than the condition of the residence.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21060, living area = 1536.
The property features a massive 21,060 sqft lot, offering significant potential for ADU construction, extensive landscaping, or outdoor entertainment spaces rarely found in this residential area.
The property's status as 'Active Under Contract' within a short timeframe indicates high desirability and a competitive price point for the Salinas market.
Constructed in 1955, the property likely requires updates to major systems such as electrical, plumbing, and insulation to align with modern efficiency and safety standards.
At a list price of $829,000 for 1,536 sqft of living space, the home carries a high price per square foot, placing a heavy premium on the land value rather than the dwelling size.
Exceptional opportunity in Salinas. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
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 | 1,536 | 1,375 | 64% |
| Lot Size | 21,060 | 6,098 | 96% |
| Price | $829.0K | $710.0K | 81% |
| Price per sq ft | $540 | $504 | 60% |
| Built year | 1955 | 1975 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 152 | 1% |
Apr 6, 2026
$829,000
Initial Listing
Mar 16, 2012
$220,000
Public Record