1527 Underwood, Atwater, California 95301, Atwater, 95301 - 3 bed, 2 bath
1527 Underwood
Atwater, California 95301
Property Price
SUMMARY
Analysis of 1527 Underwood, Atwater, California 95301 reveals a Prime Investment Opportunity with a current list price of $385,000—significantly undercutting the $570,817 Fair Market Value by 32%. This valuation gap indicates a +$185,817 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Atwater Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1527 Underwood Subject | $385,000* List Price | 3 | 2 | 1,543 | $370 | - |
A 1585 Redwood Avenue Sold | $379,500 | 3 | 2 | 1,640 | $231 | 0.2 mi |
B 1586 Underwood Avenue Sold | $405,000 | 3 | 2 | 1,539 | $263 | 0.0 mi |
C 639 Mulberry Avenue Sold | $365,000 | 3 | 2 | 1,599 | $228 | 0.7 mi |
D 205 Clipper Court Sold | $390,000 | 3 | 2 | 1,620 | $241 | 1.0 mi |
E 2631 7th Street Active | $409,500 List Price | 4 | 2 | 1,508 | $272 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Exceptional Convenience
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.
- ADU & Expansion Potential
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.
CONSRISKS & DEFICIENCIES
- Vintage Construction
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.
- Market Value Stagnation
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.
About 1527 Underwood
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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 9,005 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,543 | 1,765 | 31% |
| Lot Size | 9,005 | 7,972.5 | 56% |
| Price | $385.0K | $460.0K | 22% |
| Price per sq ft | $250 | $262 | 37% |
| Built year | 1957 | 1988 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 173 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$385,000
Initial Listing
Sold
Feb 18, 2022
$396,000
Public Record
Sold
Sep 15, 2021
$299,000
Public Record