1409 Payne Avenue, Modesto, CA 95351, Modesto, 95351 - 3 bed, 3 bath
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Modesto, CA 95351
This property presents a High-Potential Investment Opportunity with a List Price of $670,000—positioned above the $642,672 Fair Market Value. While currently priced slightly above market, the 0.5-acre lot and versatile pool house offer significant value-add potential. With a Condition Rating of 4, the home requires rehabilitation of the secondary structure and interior updates. The expansive grounds provide rare ADU potential and alley access, making this a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through renovation.
Property is moderate renovation needed.
Built in 1961, the home features some recent cosmetic updates like laminate flooring and paint. However, the kitchen remains dated with tile countertops, and the property includes a secondary structure (pool house) that is currently gutted to the studs, requiring significant rehabilitation to be functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23461, living area = 2071.
The rare half-acre lot features convenient alley access and ample space, offering significant potential for an ADU, RV parking, or extensive gardening.
A detached 3-room pool house with a full bath provides exceptional flexibility for multi-generational living, a home office, or a guest suite.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =23461, other record lot size in square feet = 23086.
The 1960s-era finishes, including tile countertops and older appliances, may require additional capital investment for buyers seeking a modern aesthetic.
A recent price reduction after 34 days on the market suggests the property is still adjusting to find its value alignment within the local Modesto submarket.
Welcome to 1409 Payne Ave in Modestoa timeless single-story home set on a spacious half-acre lot. Built in 1961, this 3-bedroom, 3-bath residence offers 2,071 sq ft of character, comfort, and opportunity. Step through a bright, open foyer into a stunning sunken living room featuring a dramatic stone fireplace wall - perfect for relaxing or entertaining. The thoughtfully designed kitchen includes tile countertops, double ovens, and a functional layout that flows seamlessly into the breakfast nook and dining area. Enjoy true indoor-outdoor living, as the main living spaces open to a covered patio and an expansive backyard. The outdoor setting is an entertainer's dream, complete with a large swimming pool, fire pit, and a versatile 3-room pool house with a full bathideal for guests, hobbies, or extended living. Garden enthusiasts will appreciate the lush, spacious grounds, along with a tool shed and potential for an ADU with convenient alley access. The oversized garage features interior access, dual side doors, and extensive built-in cabinetry for ample storage. With room for RV parking and more, this property offers space, flexibility, and endless possibilities. A truly special place to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 79% |
| Square foot | 2,071 | 1,258 | 85% |
| Lot Size | 23,461 | 7,588 | 94% |
| Price | $655.0K | $399.0K | 94% |
| Price per sq ft | $316 | $315 | 50% |
| Built year | 1961 | 1957 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 188 | 2% |
Jun 4, 2026
$655,000
$670,000
-2% Price Drop
Initial Listing
May 21, 2026
$670,000
$680,000
-1% Price Drop
Initial Listing
Apr 17, 2026
$680,000
Initial Listing
Sep 28, 2021
$579,000
Public Record