1124 Lakewood Ave, Modesto, CA 95355, Modesto, 95355 - 3 bed, 3 bath
Loading property details...
1124 Lakewood Ave
Modesto, CA 95355
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,961Sq Ft
9,361Lot Size
Property Price
LIST PRICE$469,950
EST. MARKET VALUE
$512,210
8% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $469,950—positioned well below the $512,211 Fair Market Value by 8%. This valuation gap offers $42,261 in Instant Equity. Featuring a Mint Condition Rating with a modern open-concept remodel, the home includes a spacious backyard and a tandem garage with ADU potential. Located in the top-rated Lakewood Elementary School district, this property is an ideal choice for Owner-Occupants seeking lifestyle quality or Buy-and-Hold Investors targeting rental income.
Estimated Market Value
$512,210+$42,260 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Lakewood Ave Subject 3 bd · 3 ba · 1,961 sqft · $261 | $469,950* List Price | 3 | 3 | 1,961 | $261 | - |
A 2613 S Surrey Avenue Sold 4 bd · 2 ba · 1,938 sqft · $309 · 0.5 mi | $599,000 | 4 | 2 | 1,938 | $309 | 0.5 mi |
B 2705 Stoneridge Drive Sold 3 bd · 2 ba · 1,592 sqft · $297 · 0.6 mi | $472,500 | 3 | 2 | 1,592 | $297 | 0.6 mi |
C 3336 Mesquite Way Sold 4 bd · 2 ba · 1,703 sqft · $292 · 0.5 mi | $498,000 | 4 | 2 | 1,703 | $292 | 0.5 mi |
D 2912 Alder Creek Drive Sold 3 bd · 2 ba · 1,750 sqft · $249 · 0.2 mi | $435,000 | 3 | 2 | 1,750 | $249 | 0.2 mi |
E 3813 Tumbleweed Court Sold 4 bd · 2 ba · 1,845 sqft · $274 · 0.9 mi | $505,000 | 4 | 2 | 1,845 | $274 | 0.9 mi |
F 1109 Springcreek Dr Sold 3 bd · 2 ba · 2,196 sqft · $264 · 0.6 mi | $580,000 | 3 | 2 | 2,196 | $264 | 0.6 mi |
G 1721 Woodcrest Way Sold 3 bd · 3 ba · 1,789 sqft · $277 · 0.9 mi | $495,000 | 3 | 3 | 1,789 | $277 | 0.9 mi |
H 2820 E Orangeburg Avenue Sold 3 bd · 2 ba · 1,439 sqft · $306 · 0.3 mi | $440,000 | 3 | 2 | 1,439 | $306 | 0.3 mi |
I 1240 Govannina Dr Active 3 bd · 2 ba · 1,956 sqft · $305 · 0.5 mi | $597,000 List Price | 3 | 2 | 1,956 | $305 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1963, the property has undergone a comprehensive recent remodel (likely <5 years) as evidenced by the modern open-concept layout, new laminate flooring, fresh paint, wainscoting, updated lighting, and a contemporary stacked-stone fireplace. The interior is in mint, move-in-ready condition.
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 = 9361, living area = 1961.
- Prime Location & Top-Rated Elementary
Situated in the highly sought-after Lakewood School District, the property is just 0.18 miles from Lakewood Elementary, which boasts an impressive 8/10 rating.
- Modern Open-Concept Remodel
The interior has been thoughtfully updated to feature a fantastic open-concept layout with expansive living and family rooms, offering a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9361, other record lot size in square feet = 9147.
- Lower-Rated Secondary Schools
While elementary options are strong, the assigned middle and high schools carry lower ratings (3 and 4), which may be a consideration for families with older students.
- Vintage 1960s Construction
Built in 1963, the property may require ongoing maintenance or future updates to aging structural systems typical of homes from this era, despite recent cosmetic remodels.
About 1124 Lakewood Ave
Updated and remodeled Lakewood beauty! Property sits in high demand Lakewood School District. Fantastic open concept with large living and family rooms. Tandem part of the garage COULD possibly converted to an ADU for multi-generational living or additional income. Backyard is spacious and an open canvas for ideas.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 9,361 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Lakewood Elementary School
Grades K-6 • 0.2 mi
8/10
Christine Sipherd Elementary School
Grades K-6 • 0.5 mi
5/10
La Loma Junior High School
Grades 7-8 • 1.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,961 | 1,595.344 |
| Lot Size | 9,361 | 6,731.123 |
| Price | $469.9K | $461.9K |
| Price per sq ft | $240 | $295 |
| Built year | 1963 | 1976 |
| HOA | $0 | $147 |
| Days on market | 3 | 52 |
Pricing History
Listed for Sale
Oct 21, 2026
$469,950
Initial Listing
Sold
Nov 10, 2020
$335,000
Public Record