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1507 W Locust Street, Lodi, CA 95242, Lodi, 95242 - 2 bed, 1 bath

1507 W Locust Street, Lodi, CA 95242 home-pic-0
ACTIVE$443,000$1,363/sqft
Est. Value: $453,169
2%
FairlyEstimate
1507 W Locust Street, Lodi, CA 95242
2Beds
1Bath
1,363Sqft
5,602Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $443,000.

Key pros and cons

Top Pros:
Prime Location: Centrally located within walking distance to Lodi High, Millswood, and Reese Elementary, offering convenience for families.
Top Cons:
Limited Bathrooms: The property features only one bathroom, which may be a constraint for families or multiple occupants.

Compared to the nearby listings

Price:$443.0K vs avg $535.0K ($-92,000)22%
Size:1,363 sqft vs avg 1,713 sqft22%
Price/sqft:$325 vs avg $31557%

More Insights

Built in 1955 (71 years old).
Condition: Built in 1955, this home has received significant recent updates, including new kitchen appliances, a stylish bathroom vanity, a brand new hot water heater, and fresh interior paint. The original hardwood floors are in beautiful condition. While not a full, high-end renovation, these updates make the property move-in ready with no immediate repairs needed, aligning with the 'Good' condition criteria. Some elements like the kitchen cabinet style and bathroom shower tile are older but well-maintained.
Year Built
1955
Close
-
List price
$443K
Original List price
-
Price/Sqft
$325
HOA
$0
Days on market
-
Sold On
-
MLS number
225146776
Home ConditionGood
Features
Patio
View-

About this home

This classic Lodi ranch-style home is centrally located within walking distance to Lodi High, Millswood, and Reese Elementary. Inside, you'll findoriginal hardwood floors in beautiful condition, a brand new hot water heater, new appliances, a stylish bathroom vanity, and fresh interior paint. The home'slarge square footageprovides plenty of room to grow, making it ideal for first-time buyers or those looking to customize.OfferingHIDDEN EQUITY, the flexible floor plan includes space off the dining room that could easily be transitioned into a third bedroomjust add a window and closet to maximize value.Step outside to enjoy the backyard withmature fruit trees, perfect for relaxing afternoons. With its combination of charm, updates, and potential, this hidden gem won't last long. Schedule your private tour today and discover the possibilities!

E
Emma Thomas
Listing Agent

Price History

Date
Event
Price
07/16/24
Sold
$440,000
05/06/24
Sold
$423,000
07/09/20
Sold
$330,000
Condition Rating
Good
Built in 1955, this home has received significant recent updates, including new kitchen appliances, a stylish bathroom vanity, a brand new hot water heater, and fresh interior paint. The original hardwood floors are in beautiful condition. While not a full, high-end renovation, these updates make the property move-in ready with no immediate repairs needed, aligning with the 'Good' condition criteria. Some elements like the kitchen cabinet style and bathroom shower tile are older but well-maintained.
Pros & Cons

Pros

Prime Location: Centrally located within walking distance to Lodi High, Millswood, and Reese Elementary, offering convenience for families.
Recent Updates & Condition: Features a brand new hot water heater, new appliances, stylish bathroom vanity, fresh interior paint, and original hardwood floors in beautiful condition.
Value-Add Potential: Flexible floor plan includes space that can easily be converted into a third bedroom by adding a window and closet, offering 'hidden equity'.
Charming Outdoor Space: The backyard boasts mature fruit trees, providing a pleasant and functional area for relaxation and enjoyment.
No Association Fees: The absence of association fees contributes to lower ongoing ownership costs for the homeowner.

Cons

Limited Bathrooms: The property features only one bathroom, which may be a constraint for families or multiple occupants.
Older Construction: Built in 1955, the home's age may imply older systems (e.g., HVAC, plumbing, electrical) that could require future maintenance or upgrades.
Recent Price Adjustment: A recent price reduction from $447,000 to $443,000 could indicate initial overpricing or a slower market response, potentially affecting perceived value.
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