
Fresno, California 93704
This Historic 1920s Estate represents a Strong Value Opportunity, with a List Price of $529,999—positioned well below the $571,754 Fair Market Value by 7%. This valuation gap provides $41,755 in Instant Equity for buyers. While maintaining a Condition Rating of 4, the property features critical upgrades like owned solar, a newer roof, and HVAC. With ADU potential, RV hookups, and a private pool, it balances historic grandeur with modern utility. This is an exceptional find for Owner-Occupants seeking a value-add residence or Multi-generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 E Princeton Subject | $529,999* List Price | 3 | 4 | 2,957 | $193 | - |
A 643 E Vassar Active | $415,000 List Price | 2 | 1 | 1,972 | $210 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1920s estate with significant mechanical upgrades including a newer roof, HVAC, windows, and owned solar. However, the interior condition is dated; the kitchen and bathrooms feature styles and appliances that appear to be 15-20 years old rather than recent renovations. Additionally, the flooring—specifically the carpeting—shows visible wear and staining, and the overall aesthetic requires cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12690, living area = 2957.
Rare for a 1920s estate, the property features an owned solar system and comprehensive recent updates to the roof, HVAC, windows, and water heater, significantly enhancing energy efficiency and reducing immediate maintenance costs.
The home offers immense versatility with a parlor configured for guest or rental use, RV parking with full power/sewer hookups, and seller-submitted plans for an additional ADU, providing multiple avenues for value-add or supplemental income.
Despite major system updates, a century-old home typically requires more frequent specialized maintenance and may have legacy structural or plumbing elements inherent to its 1920s construction.
With nearly 3,000 square feet of living space but only three bedrooms, the layout may be less efficient for larger families compared to modern floor plans that typically offer more sleeping quarters within similar dimensions.
Seller is offering $10,000 towards buyers closing costs!!! Meet this Historic Grandeur with Modern Flexibility in the Heart of Fresno, 1407 E Princeton Ave, Fresno, Step into a timeless piece of Fresno history with this stunning 1920s two-story, 2976 square foot estate ideally located between Fresno City College and the beloved Christmas Tree Lane. From the moment you arrive, the gated circular driveway and iconic California palms create a striking first impression. Elegant Living with Flexible Possibilities, Offering 3 bedrooms and 3 bathrooms, this home blends classic architecture with modern-day versatility, Private ADU Opportunity Just off the front entry, a grand formal parlor with glass French doors and a fireplace is currently configured as a private living space, ideal for guests, multigenerational living, or potential rental income, with convenient access to a nearby full bath. Light-Filled Interiors Expansive windows bathe the home in natural light, while a west-facing slider creates effortless indoor-outdoor flow. Designed for Entertaining, The spacious living room, formal dining area with fireplace and a well-appointed kitchen provide a warm and inviting setting for gatherings. Exceptional Storage & Bonus Spaces Includes a dedicated laundry area, pantry with custom built-ins, sunroom/lanai, and a full basement rare for homes of this era. Upstairs Retreats Primary Suite Escape: Features an original fireplace, access to a sun porch with a jetted tub, and a beautifully updated shared bath with dual-head shower. Secondary Suite: A generously sized bedroom with its own private bathroom and balcony overlooking the front grounds. Third Suite: A spacious multipurpose room with dual closets and a sitting room. Thoughtful upgrades include, Owned Solar System Enjoy energy efficiency and long-term savings. Major Updates Completed: Including roof, water heater, windows, and HVAC system Resort-Style Backyard: Relax or entertain in your private oasis with a pool, water fall feature, and slate stone patio. Expanded Utility Space Additional graveled parking with power and sewer hookups perfect for RVs, trailers, electric car charging, or future expansion Future ADU Potential the Seller-submitted plans to the City of Fresno for an additional unit. Enhanced security equipped with a comprehensive camera system. This home Offers a charming, historic ambiance and is conveniently located near Lafayette Park, making it ideal for walkers, cyclists, and pet owners.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 87% |
| Square foot | 2,957 | 1,740 | 87% |
| Lot Size | 12,690 | 10,125 | 80% |
| Price | $530.0K | $424.5K | 73% |
| Price per sq ft | $179 | $249 | 20% |
| Built year | 1926 | 1954 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 167 | 7% |
Mar 31, 2026
$529,999
Initial Listing
Nov 24, 2021
$400,000
Public Record
May 22, 2015
$250,000
Public Record
Jun 7, 2010
$159,000
Public Record