783 Josephine Street, Salinas, California 93905, Salinas, 93905 - 2 bed, 1 bath
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783 Josephine Street
Salinas, California 93905
ACTIVE
CONDITION: FAIR
2Beds
1Baths
856Sq Ft
6,800Lot Size
Property Price
LIST PRICE$649,888
EST. MARKET VALUE
$531,469
22% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $649,888—positioned well above the $531,470 Fair Market Value. While the property features a Condition Rating of 4 with a new 2025 roof and fresh interior updates, the current list price reflects a premium over market estimates. The oversized 2-car garage and 6,800 square foot lot provide significant utility for long-term value. This property is best suited for Buy-and-Hold Investors or first-time buyers prioritizing structural improvements and a convenient Salinas location.
Estimated Market Value
$531,469
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 |
|---|---|---|---|---|---|---|
★ 783 Josephine Street Subject | $649,888* List Price | 2 | 1 | 856 | $621 | - |
A 1046 C Street Sold | $475,000 | 2 | 1 | 714 | $665 | 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 1948, the home has received recent cosmetic updates including new interior paint and tile flooring, along with a new roof in 2025. However, the kitchen remains dated with tile countertops and older cabinetry, and the heating system relies on an older wall furnace. While move-in ready, it requires further modernization of systems and wet areas to reach a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features a brand-new roof installed in 2025, fresh interior paint, and new tile flooring, significantly reducing immediate maintenance costs for the new owner.
- Generous Lot and Storage
Situated on a substantial 6,800 square foot lot, the home includes an oversized 2-car garage that provides exceptional storage capacity or potential for a workshop.
- Turnkey Potential
With its updated surfaces and structural maintenance, this residence offers a move-in-ready environment ideal for first-time buyers or those seeking a low-maintenance investment.
CONSRISKS & DEFICIENCIES
- Limited Interior Living Area
At only 856 square feet and lacking a formal dining or family room, the home's layout may feel restrictive for families or those who enjoy entertaining.
- Basic Heating Infrastructure
The property relies on a wall furnace for heating and lacks a modern central HVAC system, which may impact energy efficiency and consistent climate control.
About 783 Josephine Street
Located in Salinas, this 2-bedroom, 1-bath home features new interior paint and new tile flooring. Newer roof on the house, replaced 2025. The home offers 856 square feet of living space on a lot size of approximately 6,800 square feet. Flooring throughout the home is tile and linoleum . Heating is provided by a wall furnace. The property includes an oversized 2-car garage for extra storage. This residence is part of the Alisal Union Elementary School District and does not have a formal dining room or family room. The home provides comfortable and functional living in a convenient Salinas location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 6,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 856 | 1,586.885 |
| Lot Size | 6,800 | 6,939.262 |
| Price | $649.9K | $809.5K |
| Price per sq ft | $759 | $527 |
| Built year | 1948 | 1973 |
| HOA | $0 | $218 |
| Days on market | 16 | 46 |
Pricing History
Listed for Sale
Aug 24, 2026
$649,888
Initial Listing
Sold
Nov 25, 2009
$83,000
Public Record
Sold
Oct 19, 2005
$470,000
Public Record