77 Laureles Grade, Salinas, California 93908, Salinas, 93908 - 4 bed, 3 bath
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77 Laureles Grade
Salinas, California 93908
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,230Sq Ft
78,844Lot Size
Property Price
LIST PRICE$1,275,000
EST. MARKET VALUE
$1,399,000
SUMMARY
This Value-Add Residential Asset presents a High-Potential Investment Opportunity, listed at a List Price of $1,399,000—positioned well below the $1,399,000 Fair Market Value. While the property is currently priced at market, the 1.8-acre lot and oversized four-car garage provide significant upside for forced appreciation. Featuring a Fair Condition Rating with dated 1960s finishes, the home requires cosmetic modernization to reach its full potential. With panoramic mountain views and a flexible floor plan, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a customizable estate.
Estimated Market Value
$1,399,000
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 |
|---|---|---|---|---|---|---|
★ 77 Laureles Grade Subject 4 bd · 3 ba · 2,230 sqft · $627 | $1,275,000* List Price | 4 | 3 | 2,230 | $627 | - |
A 60 Seca Place Active 3 bd · 3 ba · 2,802 sqft · $625 · 0.1 mi | $1,750,000 List Price | 3 | 3 | 2,802 | $625 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1963, the home is functional but clearly dated. The kitchen features older green cabinetry and vintage appliances, and the laundry room remains largely unfinished. While the main living space has been digitally staged to look modern, the property overall requires cosmetic updates and modernization.
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 = 78844, living area = 2230.
- Expansive Private Lot
Situated on approximately 1.8 gated acres in the desirable Laguna Seca Heights, this property offers a rare combination of privacy, space, and tranquility.
- Exceptional Storage and Utility
The oversized four-car garage combined with dedicated RV parking provides significant potential for a workshop, studio, or extensive vehicle storage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Extended Market Time
With 200 days on the market, the listing may be perceived as stale by potential buyers, which can impact negotiating leverage.
- Price Volatility
Multiple price reductions from the original $1.55M list price suggest the property has struggled to find its market value, potentially due to the 1960s-era finishes.
About 77 Laureles Grade
Outstanding opportunity in desirable Laguna Seca Heights. This 2,230± sq. ft. home offers 4 bedrooms, 3 bathrooms, and an open floor plan ideal for comfortable living and easy entertaining. The spacious great room features large windows that bring in abundant natural light and showcase the surrounding views, along with a cozy fireplace that anchors the living space. The great room flows into a rustic eat-in kitchen area, creating a warm and inviting place to gather. The flexible bedroom layout allows space for a home office, study, or playroom depending on your needs. A dedicated laundry room with exterior access also works well as a convenient mudroom. Set behind a gate on approximately 1.8 acres, the property provides a rare combination of privacy, space, and convenience. The oversized four-car garage with RV parking offers excellent potential for a workshop, studio, or additional storage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 78,844 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,230 | 1,582.189 |
| Lot Size | 78,844 | 6,844.911 |
| Price | $1.27M | $805.1K |
| Price per sq ft | $572 | $518 |
| Built year | 1963 | 1974 |
| HOA | $0 | $210 |
| Days on market | 226 | 45 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,275,000
$1,399,000
-9% Price Drop
Initial Listing
Price Change
Aug 25, 2026
$1,399,000
$1,450,000
-4% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$1,450,000
$1,499,000
-3% Price Drop
Initial Listing
Price Change
May 27, 2026
$1,499,000
$1,550,000
-3% Price Drop
Initial Listing
Price Change
Mar 12, 2026
$1,550,000
Initial Listing
Sold
Jul 12, 2023
$1,000,000
Public Record