1527 Underwood, Atwater, California 95301, Atwater, 95301 - 3 bed, 2 bath
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Atwater, California 95301
This Updated Single-Family Residence is a High-Potential Investment Opportunity, listed at $385,000—positioned well below the $570,818 Fair Market Value by 32%. This significant valuation gap offers $185,818 in Instant Equity. The home maintains a Condition Rating of 3, featuring a Modernized Kitchen with stone countertops and a Covered Patio. Situated on a 9,005 Sq. Ft. Lot, the property offers ADU Potential near Elmer Wood Elementary and Atwater High School. This is an ideal match for Owner-Occupants or Buy-and-Hold Investors seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1527 Underwood Subject | $375,000* List Price | 3 | 2 | 1,543 | $250 | - |
A 2631 7th Street Sold | $422,000 | 4 | 2 | 1,508 | $280 | 0.1 mi |
B 2848 Wathen Sold | $445,000 | 4 | 2 | 1,598 | $278 | 0.1 mi |
C 1585 Redwood Avenue Sold | $379,500 | 3 | 2 | 1,640 | $231 | 0.2 mi |
D 2317 High Sold | $350,000 | 3 | 2 | 1,185 | $295 | 0.7 mi |
E 639 Mulberry Avenue Sold | $365,000 | 3 | 2 | 1,599 | $228 | 0.7 mi |
F 1971 6th Street Sold | $430,000 | 3 | 2 | 1,798 | $239 | 0.3 mi |
G 1150 Bellevue Active | $375,000 List Price | 3 | 2 | 1,486 | $252 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1957, the property is move-in ready and has undergone significant interior updates. The kitchen features modern white cabinetry, stone countertops, a tile backsplash, and stainless steel appliances. Bathrooms have been modernized with updated vanities and tile surrounds. The home features contemporary laminate flooring and neutral paint, showing pride of ownership and minimal wear.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9005, living area = 1543.
The property is situated less than a mile from a high concentration of retail and dining options, including Save Mart, Starbucks, and various restaurants, offering an ultra-convenient lifestyle for residents.
With a generous 9,005 sq. ft. lot, the property offers significant potential for the addition of an Accessory Dwelling Unit (ADU) or a custom outdoor oasis, providing excellent value-add opportunities.
Built in 1957, the home may require updates to its original systems or interior finishes to meet modern energy efficiency standards and contemporary aesthetic preferences.
The current list price of $385,000 is lower than the 2022 sale price of $396,000, indicating the property has not followed the typical upward appreciation trend seen in many California markets over the last two years.
This charming 3-bedroom, 2-bathroom home is ideally located less than a mile from popular local spots like Save Mart, Sonic, Burger King, Starbucks, CVS, Jack in the Box, Taco Bell, Pizza Hut, and McDonald's, making errands and dining out effortless. Families will love the close proximity to top-rated schools, including Atwater High School and Elmer Wood Elementary, ensuring quality education is just a short drive away. The spacious backyard provides endless possibilities for entertaining or designing your dream outdoor oasis. There's also potential for an Accessory Dwelling Unit (ADU)buyers should verify city permits for this option. Additionally, the home offers the choice to keep or remove the solar panels. Don't miss the opportunity to make this delightful home your own, where comfort meets convenience!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,543 | 1,727 | 33% |
| Lot Size | 9,005 | 8,216.5 | 55% |
| Price | $375.0K | $457.5K | 23% |
| Price per sq ft | $243 | $267 | 28% |
| Built year | 1957 | 1986 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 55 | 171 | 3% |
Mar 14, 2026
$375,000
$385,000
-3% Price Drop
Initial Listing
Feb 27, 2026
$385,000
Initial Listing
Feb 18, 2022
$396,000
Public Record
Sep 15, 2021
$299,000
Public Record