1124 Lakewood Avenue, Modesto, CA 95355, Modesto, 95355 - 3 bed, 3 bath
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Modesto, CA 95355
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $525,000—positioned well below the $570,658 Fair Market Value by 8%. This valuation gap provides $45,658 in Instant Equity for the buyer. Boasting a Mint Condition Rating, the home features a Granite Kitchen, New Flooring, and a Two-Year-Old Roof. Located in the desirable Lakewood neighborhood just 0.18 miles from a Top-Rated Elementary School, it offers an expansive lot with RV Storage Potential. This is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors looking for a high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1124 Lakewood Avenue Subject | $499,900* List Price | 3 | 3 | 1,961 | $285 | - |
A 3108 Mason Way Sold | $560,000 | 4 | 3 | 2,042 | $274 | 0.1 mi |
B 1104 Pyrite Way Sold | $600,000 | 3 | 2 | 1,903 | $315 | 0.2 mi |
C 3424 Joanna Drive Sold | $525,000 | 4 | 3 | 1,769 | $297 | 0.5 mi |
D 3012 Degas Lane Sold | $600,000 | 4 | 3 | 2,024 | $296 | 0.7 mi |
E 1340 Sonoma Sold | $500,000 | 3 | 2 | 1,900 | $263 | 0.6 mi |
F 1220 Sonoma Avenue Active | $624,950 List Price | 4 | 3 | 1,944 | $321 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1963, the property has undergone a comprehensive recent renovation within the last 5 years. Key updates include a 2-year-old roof, a modern kitchen with granite countertops and stainless steel appliances, new flooring and carpet throughout, and updated interior finishes, placing it in mint, move-in-ready condition.
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.
Situated in the highly desirable Lakewood neighborhood, this home is just 0.18 miles from a top-rated elementary school (8/10), offering exceptional value for families.
The property features significant recent upgrades, including a two-year-old roof and brand-new flooring and carpet throughout, ensuring a move-in-ready experience with reduced immediate maintenance costs.
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.
While the elementary school is excellent, the assigned middle and high schools carry lower ratings (3 and 4), which may be a consideration for buyers with older children.
The property is subject to a $600 association fee, which adds to the monthly carrying costs and may impact the overall affordability for budget-conscious buyers.
Located in the highly desirable Lakewood neighborhood of Modesto, 1124 Lakewood presents an outstanding opportunity to own a spacious single-story home in one of Modesto's most established residential communities. Offering tastefully updated features in approximately 1,961 square feet of living space, this 3-bedroom, 2.5-bath home sits on a 9000 square foot lot and delivers the perfect blend of comfort, functionality, and potential. The thoughtfully designed floor plan features multiple living areas, a cozy fireplace, abundant natural light. An updated kitchen including granite countertops, stainless steel appliances with ample cabinetry and dining space ideal for everyday living and entertaining. Features include new carpet and flooring throughout, a two year old roof, and an enclosed patio area. The expansive backyard provides endless possibilities for outdoor gatherings, gardening, or creating a private retreat, with ally access providing RV storage opportunity and parking flexibility. Situated near top-rated schools, parks, shopping, dining, and convenient commuter access, this Modesto home is ideal for buyers seeking a family-friendly neighborhood, move-in-ready property with room to personalize. A prime location, and sought-after features, this Lakewood area home captures the best of Modesto and Central Valley living.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 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 | 3.0 | 2.0 | 68% |
| Square foot | 1,961 | 1,615 | 70% |
| Lot Size | 9,361 | 6,315 | 93% |
| Price | $499.9K | $470.0K | 65% |
| Price per sq ft | $255 | $296 | 22% |
| Built year | 1963 | 1980 | 6% |
| HOA | $600 | $0 | 99% |
| Days on market | 45 | 177 | 1% |
May 14, 2026
$499,900
$525,000
-5% Price Drop
Initial Listing
Apr 30, 2026
$525,000
Initial Listing
Nov 10, 2020
$335,000
Public Record