1218 R Street, Newman, CA 95360, Newman, 95360 - 3 bed, 2 bath
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1218 R Street
Newman, CA 95360
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,526Sq Ft
7,501Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$426,377
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $425,000—positioned well below the $426,378 Fair Market Value by 0.32%. This valuation gap offers $1,378 in Instant Equity for the next owner. Featuring a Mint Condition Rating with a brand-new roof and modern LVP flooring, this home offers a Generous 7,501 sqft Lot and a convenient Patio for outdoor living. It is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or first-time buyers prioritizing a central downtown location.
Estimated Market Value
$426,377
Based on Realkey algorithm analyzing recent comparable sales in Newman.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1218 R Street Subject | $425,000* List Price | 3 | 2 | 1,526 | $279 | - |
A 1441 Kern Street Sold | $461,500 | 3 | 2 | 1,550 | $298 | 0.2 mi |
B 2107 Canyon View Drive Sold | $433,000 | 3 | 2 | 1,490 | $291 | 0.6 mi |
C 2248 Clear Creek Court Sold | $440,000 | 4 | 2 | 1,692 | $260 | 0.8 mi |
D 2242 Grand Canyon Way Sold | $420,000 | 3 | 2 | 1,270 | $331 | 1.0 mi |
E 572 St Helena Drive Sold | $473,000 | 4 | 3 | 2,034 | $233 | 0.6 mi |
F 1059 Q Street Active | $425,000 List Price | 2 | 1 | 1,670 | $254 | 0.1 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 1950, the property has undergone recent renovations (<5 years) including a brand-new roof, new LVP flooring, fresh interior paint, and updated fixtures, placing it 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 = 7501, living area = 1526.
- Move-In Ready Condition
The property features significant recent improvements, including a brand-new roof and modern updates, ensuring a turnkey experience for the next owner.
- Prime Downtown Location
Situated in a highly desirable neighborhood, the home offers excellent walkability and proximity to local shopping, dining, and community parks.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7501, other record lot size in square feet = 7405. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Vintage Infrastructure
Originally built in 1950, the property may require ongoing maintenance or further modernization of older systems not covered by recent cosmetic updates.
- Pricing History
The current list price of $425,000 is slightly lower than its 2023 sale price of $430,000, which may indicate limited short-term appreciation in the current local market.
About 1218 R Street
Welcome to 1218 R Street in Newman! This updated home is located in a desirable downtown neighborhood, offering a convenient location close to local shopping, dining, parks, and amenities. Recent improvements include a brand-new roof, along with additional updates that make the property move-in ready and easy to enjoy. With its combination of modern improvements, neighborhood charm, and a great central location, this home is an excellent opportunity for its next owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 3.2 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,526 | 1,537.6 |
| Lot Size | 7,501 | 6,127.8 |
| Price | $425.0K | $440.2K |
| Price per sq ft | $279 | $280 |
| Built year | 1950 | 2003 |
| HOA | $0 | $140 |
| Days on market | 16 | 56 |
Pricing History
Listed for Sale
Aug 24, 2026
$425,000
Initial Listing
Sold
Jul 12, 2023
$430,000
Public Record