1535 Melrose Avenue, Modesto, CA 95350, Modesto, 95350 - 3 bed, 2 bath
Loading property details...
Modesto, CA 95350
Analysis of 1535 Melrose Avenue, Modesto, CA 95350 is currently available with a list price of $650,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Modesto 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.
Property is moderate renovation needed.
Built in 1946, this property shows signs of mid-range cosmetic updates including laminate flooring and painted kitchen cabinets that appear to be 15-20 years old. While the home is functional and move-in ready, the kitchen and bathrooms are dated by modern standards, and the overall age of the structure suggests that systems like HVAC and electrical may require updates to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 34500, living area = 1294.
The property features a massive 34,500 Sq. Ft. lot, providing rare and significant space for future expansion, ADU development, or large-scale outdoor projects.
With high visibility and a location surrounded by established businesses, this property offers unique versatility for a home-based business or commercial investment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =34500, other record lot size in square feet = 34412. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1294, other record living area = 2094.
The listing price of $650,000 for a 1,294 Sq. Ft. home represents a high cost per square foot, which may be a barrier for traditional residential buyers.
Built in 1946, the residence likely requires modernization of its original systems and finishes to meet contemporary living standards and energy efficiency.
Beautiful 3 bedroom, 2 bathroom home situated on a spacious 34,500 Sq. Ft. lot in a prime location surrounded by established businesses and growth. This unique property offers endless potential for a growing family, business opportunity, or future expansion. Conveniently located with great visibility and easy access, the possibilities are endless for those looking to live, work, or invest in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,294 | 1,453.5 | 31% |
| Lot Size | 34,500 | 6,943.5 | 98% |
| Price | $650.0K | $441.5K | 89% |
| Price per sq ft | $502 | $299 | 99% |
| Built year | 1946 | 1956 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 199 | 2% |
May 8, 2026
$650,000
Initial Listing
Sep 19, 2012
$115,000
Public Record
Sep 1, 2006
$275,000
Public Record