1244 Melrose Avenue, Modesto, CA 95350, Modesto, 95350 - 4 bed, 2 bath
1244 Melrose Avenue
Modesto, CA 95350
Property Price
SUMMARY
Analysis of 1244 Melrose Avenue, Modesto, CA 95350 reveals a property with a current list price of $549,888, which is 6% above the estimated $515,974 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Modesto Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 Melrose Avenue Subject | $549,888* List Price | 4 | 2 | 1,633 | $316 | - |
A 212 Palm Avenue Sold | $425,000 | 2 | 1 | 1,268 | $335 | 0.3 mi |
B 1307 Sycamore Avenue Sold | $475,000 | 3 | 2 | 1,446 | $328 | 0.6 mi |
C 2109 Bodega Lane Sold | $435,000 | 3 | 2 | 1,501 | $290 | 0.9 mi |
D 708 Burke Avenue Sold | $527,000 | 2 | 1 | 1,696 | $311 | 0.5 mi |
E 1609 Augusta Court Pending | $465,000 List Price | 4 | 2 | 1,620 | $287 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a rare and functional two-family layout. While originally built in 1965, the home shows evidence of consistent upkeep, including a newly installed AC unit and clean, updated flooring throughout the living areas. The kitchens and bathrooms are functional and appear to have undergone partial updates within the last 10-15 years, avoiding the significant wear typical of 'fair' condition properties. The massive 4-car garage and well-kept exterior further support a 'good' rating, as the home is ready for immediate occupancy or rental without requiring major renovations.
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 = 7279, living area = 1633.
- Dual-Living Configuration
The rare two-family floorplan is ideal for multi-generational living or an income-generating rental strategy, with each side featuring its own kitchen and living area.
- Exceptional Garage Space
The property includes a massive four-car garage, providing rare and extensive space for vehicle storage, a workshop, or significant additional utility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7279, other record lot size in square feet = 6969. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Shared Laundry Access
The indoor laundry room is shared between the two units, which may limit total privacy for occupants or complicate separate rental agreements.
- Vintage Infrastructure
Built in 1965, the property may require ongoing maintenance or modernization of older systems despite the recent installation of a new AC unit.
About 1244 Melrose Avenue
Extremely Rare 2 Family Floorplan! This home has been designed to perfectly accommodate 2 small families, or you live on one side and rent out the other. Each side features 2 bedrooms, 1 bathroom and their own kitchens and living rooms, and are separated by a shared indoor laundry room. As if that wasn't enough, it also comes complete with a HUGE 4 CAR GARAGE! There is a upstairs loft in one bedroom and a newly installed AC unit. This charmer that is near shopping, restaurants and medical is waiting for its new owners. it's located in a quiet, well-established neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 7,279 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 80% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,633 | 1,400 | 64% |
| Lot Size | 7,279 | 6,891 | 65% |
| Price | $549.9K | $431.0K | 85% |
| Price per sq ft | $337 | $313 | 71% |
| Built year | 1965 | 1960 | 71% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 171 | 5% |
Pricing History
Listed for Sale
Jan 17, 2026
$549,888
Initial Listing
Sold
Jan 26, 2021
$405,000
Public Record
Sold
May 29, 2015
$236,000
Public Record
Sold
Dec 12, 2008
$145,000
Public Record
Sold
Sep 1, 2006
$384,500
Public Record
Sold
Nov 25, 2003
$280,000
Public Record