85 Paloma Avenue, Salinas, California 93905, Salinas, 93905 - 4 bed, 2 bath
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85 Paloma Avenue
Salinas, California 93905
ACTIVE UNDER CONTRACT
CONDITION: FAIR
4Beds
2Baths
1,564Sq Ft
7,200Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$699,324
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $699,000—positioned well below the $699,325 Fair Market Value by 0.05%. With a Condition Rating of 4, the property offers significant upside through modernization of its dated heating and cooling systems. The expansive 7,200+ sq. ft. lot provides excellent utility for future expansion. This asset is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in the Alisal Union Elementary School District.
Estimated Market Value
$699,324
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 |
|---|---|---|---|---|---|---|
★ 85 Paloma Avenue Subject | $699,000* List Price | 4 | 2 | 1,564 | $447 | - |
A 611 Argentine Drive Sold | $750,000 | 3 | 2 | 1,608 | $466 | 0.7 mi |
B 1425 E Alisal St Sold | $584,000 | 2 | 1 | 1,215 | $481 | 0.1 mi |
C 1332 Alma Avenue Pending | $669,000 List Price | 3 | 2 | 1,368 | $489 | 0.5 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 1947, the property shows signs of a recent cosmetic refresh with new paint and carpet, but remains dated overall. The kitchen features older tile countertops, and the primary heating source is a dated wall furnace with no cooling system installed. While move-in ready, the home requires significant modernization of systems and finishes to meet current standards.
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 = 7200, living area = 1564.
- Generous Lot Size
The property sits on a substantial 7,200+ sq. ft. lot, offering significant outdoor space for gardening, entertaining, or potential future expansions.
- Versatile Living Spaces
With four bedrooms and a separate family room, the 1,564 sq. ft. layout provides a flexible floor plan suitable for larger families or home office needs.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2026-07-27. The sold price is $662,500.00.
- Lack of Cooling System
The absence of an installed cooling system may be a drawback for buyers seeking modern climate control during warmer months.
- Dated Heating Infrastructure
The reliance on a wall furnace and wood-burning fireplace rather than a central HVAC system may impact energy efficiency and consistent temperature distribution.
About 85 Paloma Avenue
Located in Salinas, this 1,564 sq. ft. home features four bedrooms and two full bathrooms. The kitchen is equipped with a gas oven, tile countertops, an exhaust fan, and offers both a breakfast bar and eat-in dining area. Flooring throughout the home combines tile and carpet for a comfortable living environment. The living room includes a wood-burning fireplace, and additional heating is provided by gas, wall furnace, and fireplace options. There is a separate family room for added living space. Laundry hookups for gas and electricity (110V and 220V) are conveniently located inside. The home sits on a 7,200+ sq. ft. lot and is served by the Alisal Union Elementary School District. Cooling is not installed. Energy features include a low flow toilet.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 7,200 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
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 | 1,564 | 1,586.885 |
| Lot Size | 7,200 | 6,939.262 |
| Price | $699.0K | $809.5K |
| Price per sq ft | $447 | $527 |
| Built year | 1947 | 1973 |
| HOA | $0 | $218 |
| Days on market | 16 | 46 |
Pricing History
Listed for Sale
Aug 24, 2026
$699,000
Initial Listing
Sold
Jul 27, 2026
$662,500
Public Record