1501 Drakeley, Atwater, California 95301, Atwater, 95301 - 2 bed, 1 bath
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Atwater, California 95301
This Single Family Residence represents a Strong Value Opportunity, listed at $297,699—positioned above the $271,153 Fair Market Value. While the price reflects a premium, the property features a brand-new roof and a Condition Rating of 4, balancing vintage 1928 character with essential structural updates. The 7,116-square-foot lot provides significant utility for gardening or future expansion, offering a stable foundation for long-term appreciation. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a charming, manageable home in a desirable Atwater neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Drakeley Subject | $297,699* List Price | 2 | 1 | 757 | $358 | - |
A 1311 Winton Way Sold | $275,000 | 2 | 1 | 959 | $287 | 0.2 mi |
B 469 Cedar Avenue Active | $310,000 List Price | 3 | 1 | 872 | $356 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928, this property is nearly a century old but avoids a lower rating due to a brand new roof and partial interior updates. The bathroom shows a newer vanity and vinyl plank flooring (likely <10 years old), but the overall structure, exterior siding, and window trim show significant age and wear, requiring further modernization and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7116, living area = 757.
The property features a brand-new roof, providing immediate value and reducing the likelihood of significant maintenance expenses for the buyer in the near future.
Situated on a generous 7,116-square-foot lot, the property offers ample outdoor space for gardening, entertaining, or the potential addition of an Accessory Dwelling Unit (ADU).
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7116, other record lot size in square feet = 7250.
At only 757 square feet, the compact interior layout may be restrictive for families or buyers requiring dedicated home office space.
Due to the home's age, buyers should anticipate potential needs for updates to older plumbing, electrical, or insulation systems typical of 1920s construction.
Welcome to this adorable 2-bedroom, 1-bathroom bungalow nestled in the heart of Atwater. Brimming with charm and character, this inviting home offers a warm and comfortable living space filled with natural light, original details, and timeless appeal. The thoughtfully designed floor plan features cozy living areas, a functional kitchen, and two well-sized bedrooms, and a brand new roof, creating the perfect blend of comfort and convenience. Situated on a large lot with a private backyard ideal for relaxing, gardening, or entertaining family and friends. Located just moments from local shops, restaurants, parks, and all that vibrant Atwater has to offer, this delightful bungalow provides an exceptional opportunity for first-time buyers, downsizers, or anyone seeking a charming place to call home. Don't miss your chance to own this picture-perfect gem in one of Atwater's most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 757 | 1,927.5 |
| Lot Size | 7,116 | 7,361.5 |
| Price | $297.7K | $457.1K |
| Price per sq ft | $393 | $270 |
| Built year | 1928 | 1993 |
| HOA | $0 | $95 |
| Days on market | 30 | 61 |
Jun 22, 2026
$297,699
Initial Listing
Aug 13, 2013
$90,000
Public Record