1491 Velasquez Ln, Tracy, CA 95377, Tracy, 95377 - 4 bed, 2 bath
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Tracy, CA 95377
This ranch-style home represents a High-Potential Investment Opportunity, listed at $700,000—positioned above the $644,787 Fair Market Value. While the list price exceeds the current estimate, the property’s Fair Condition Rating and 7,500 sq. ft. corner lot provide a clear path for value-add renovations. Featuring a functional 1,834 sq. ft. layout and no HOA fees, this asset allows for significant cosmetic modernization. Located near Art Freiler School, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1491 Velasquez Ln Subject | $700,000* List Price | 4 | 2 | 1,834 | $356 | - |
A 2236 Sabrina Way Sold | $745,000 | 4 | 3 | 2,487 | $300 | 0.2 mi |
B 2653 W Evelyn Court Sold | $615,000 | 3 | 2 | 1,366 | $450 | 0.7 mi |
C 2386 Sabrina Way Active | $679,000 List Price | 3 | 2 | 1,850 | $367 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (26 years old), the property falls into the fair category as it is over 20 years old with mostly original features. While the kitchen has been refreshed with granite countertops and stainless steel appliances, the cabinets appear to be painted originals and the fluorescent light box is dated. The bathrooms and overall aesthetic reflect the original construction era, and the listing description explicitly mentions the opportunity to add value through updates and personal touches.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1834.
The property is an east-facing corner lot, providing excellent curb appeal and natural light, situated within walking distance to local schools and amenities.
This ranch-style home offers a spacious 1,834 sq. ft. single-level floor plan, making it highly desirable for families or those seeking long-term accessibility.
The listing indicates a need for updates and personal touches, suggesting that the 1998 finishes may require additional capital investment to modernize.
While the home is conveniently located near schools, the local middle and high schools carry average ratings, which may be a consideration for education-focused buyers.
Location!Location!Location! East facing, corner lot, cozy ranch model single story home with 4 bedrooms and 2 full baths comes with refrigerator, reverse osmosis water filter, washer n dryer in addition to stove, microwave and dishwasher. The property presents a great opportunity to add value through updates, personal touches and make it your own. Easy access to shopping, restaurants schools and highway.
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,834 | - |
| Lot Size | 7,500 | - |
| Price | $700.0K | $677.7K |
| Price per sq ft | $382 | $356 |
| Built year | 1998 | 0 |
| HOA | $0 | $0 |
| Days on market | 33 | 50 |
Jun 19, 2026
$700,000
Initial Listing
Aug 31, 2016
$420,000
Public Record
Dec 9, 2015
$380,000
Public Record
May 16, 2003
$315,000
Public Record
Jan 9, 1998
$192,000
Public Record