1036 Lakewood Avenue, Modesto, CA 95355, Modesto, 95355 - 3 bed, 2 bath
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Modesto, CA 95355
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $550,000—positioned above the $499,461 Fair Market Value by 10%. While priced above current estimates, the property offers significant utility through its 9,448 sqft lot, paid-for solar, and a climate-controlled detached bonus room. With a Condition Rating of 4, the home features modern mechanicals but invites cosmetic updates to the kitchen and baths. Located near the highly-rated Lakewood Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1036 Lakewood Avenue Subject | $534,900* List Price | 3 | 2 | 2,012 | $248 | - |
A 1104 Pyrite Way Sold | $600,000 | 3 | 2 | 1,903 | $315 | 0.2 mi |
B 1225 Romano Way Sold | $450,000 | 3 | 2 | 1,805 | $249 | 0.5 mi |
C 3012 Degas Lane Sold | $600,000 | 4 | 3 | 2,024 | $296 | 0.8 mi |
D 1205 Kara Lane Sold | $385,000 | 3 | 2 | 1,469 | $262 | 0.3 mi |
E 1225 Romano Way Active | $499,000 List Price | 3 | 2 | 1,805 | $276 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home features recent cosmetic updates like LVP flooring and new carpet, plus major system improvements including a newer HVAC and paid solar, the kitchen and bathrooms remain dated with older tile work and finishes exceeding 20 years in age. The 1963 structure is well-maintained but requires modernization in the primary wet areas to reach a higher rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9448, living area = 2012.
The property includes fully paid-for solar panels and a newer HVAC system, providing significant long-term utility savings and peace of mind regarding major mechanical components.
The large 9,448 sqft lot features RV parking and a separate, climate-controlled detached room, offering excellent flexibility for a home office, hobby room, or guest space.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9448, other record lot size in square feet = 9147.
The kitchen features tile countertops, which may be considered dated by modern buyers who typically prefer contemporary stone surfaces like quartz or granite.
While the elementary school is a standout, the assigned middle and high schools have lower ratings (3/10 and 4/10), which may be a concern for families with older children.
Welcome home to 1036 Lakewood Avenue in Modesto, CA. This wonderful home with 3 bedrooms and 2 bathrooms sits in a prime location of Modesto in a great school district on a home that sits back from Lakewood Ave. As you walk in you will fall in love with the charm of this one of a kind home with LVP flooring and new carpet in the bedrooms. Nice family room and an ability to close off the separate living room, and in the family room you will find a nice fireplace. An open kitchen with tile counters awaits you and each bedroom is oversized with a nice master suite. In the back you will find an additional room complete with heating and air for a man cave, craft room, extra room or whatever you want to make it on this large lot with RV parking. Part of the Lincoln Estates HOA so you have access to a pool for a small price! This home includes paid for solar and a newer HVAC system. Come and fall in love with Lakewood Ave.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades 7-8 • 1.8 mi
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 | 2,012 | 1,615 | 70% |
| Lot Size | 9,448 | 6,315 | 93% |
| Price | $534.9K | $470.0K | 73% |
| Price per sq ft | $266 | $296 | 33% |
| Built year | 1963 | 1980 | 6% |
| HOA | $50 | $0 | 88% |
| Days on market | 32 | 178 | 1% |
Jun 5, 2026
$534,900
$550,000
-3% Price Drop
Initial Listing
May 14, 2026
$550,000
Initial Listing
Jul 24, 2023
$495,000
Public Record
Mar 12, 2003
$249,900
Public Record
Nov 6, 1995
$129,000
Public Record