
Modesto, CA 95354
This R3-Zoned Development Asset presents a High-Potential Investment Opportunity with a List Price of $495,000—positioned well below the $513,045 Fair Market Value by 3%. This valuation gap offers $18,045 in Instant Equity. Featuring a Condition Rating of 3, the property includes genuine hardwood flooring and a large covered rear patio. With its expansive 17,999 sqft lot and alley access, this is an ideal acquisition for Buy-and-Hold Investors or Developers seeking multi-family or ADU expansion potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 117 Hintze Subject | $495,000* List Price | 3 | 2 | 1,553 | $330 | - |
A 821 High Street Active | $549,990 List Price | 3 | 1 | 1,398 | $393 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1949, the property has been well-maintained and updated with a 5-15 year old renovation profile. Key features include a functional kitchen with stone countertops, updated bathrooms with modern tiling and glass enclosures, dual-pane windows, and genuine hardwood flooring. The home is move-in ready and shows no immediate signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17999, living area = 1553.
The expansive 17,999 sqft lot combined with R3 zoning offers significant investment opportunities for multi-family development or the addition of multiple ADUs.
The home features genuine hardwood flooring throughout and dual-pane windows, successfully blending classic 1940s charm with modern energy efficiency.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17999, other record lot size in square feet = 17859.
Built in 1949, the property may require significant capital expenditure for updates to original plumbing, electrical, or roofing systems to meet modern standards.
A discrepancy between the listing data (2 baths) and the property description (1.5 baths) may lead to confusion regarding the home's actual utility and appraisal value.
Don't miss this rare opportunity to own a charming 3-bedroom, 1.5-bath home in a mature, established neighborhood with an enormous lot full of possibilities. From the moment you arrive, you'll appreciate the character, space, and flexibility this property offers. Inside, the home features genuine hardwood flooring throughout, dual-pane windows, indoor laundry, abundant cabinets and built-ins, plus a functional kitchen with two stainless steel sinks. Step outside and discover what truly sets this property apart: a large covered rear patio, workshop, alley access with a sliding gate, and a spacious lot with R3 zoning. Homes with this much character, land, zoning flexibility, and access are hard to find.
No exterior & parking available.
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 | 1,553 | 1,315 | 74% |
| Lot Size | 17,999 | 6,752 | 98% |
| Price | $495.0K | $407.1K | 92% |
| Price per sq ft | $319 | $309 | 53% |
| Built year | 1949 | 1949 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 198 | 2% |
May 23, 2026
$495,000
Initial Listing
Mar 28, 2011
$165,000
Public Record
May 23, 2003
$310,000
Public Record