1535 Melrose Avenue, Modesto, CA 95350, Modesto, 95350 - 3 bed, 2 bath
1535 Melrose Avenue
Modesto, CA 95350
Property Price
SUMMARY
Analysis of 1535 Melrose Avenue, Modesto, CA 95350 is currently available with a list price of $699,900. 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 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and has undergone significant recent cosmetic and functional updates. Key improvements include fresh interior and exterior paint, new laminate flooring, and updated hallway lighting. Essential modern systems are present, such as central heating and air conditioning and dual-pane windows. While the home was originally built in 1946, the combination of these updates and the functional kitchen and bathroom spaces makes it well-maintained with minimal immediate renovation required, fitting the 'good' criteria.
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 = 34500, living area = 2094.
- Significant Development Potential
The expansive 0.79-acre lot and potential for R-2 zoning provide a rare opportunity for investors to develop multi-family dwellings, such as duplexes or townhouses, in a central location.
- Recent Interior and Exterior Updates
The property features fresh paint inside and out, new hallway lighting, laminate flooring, and dual-pane windows, offering a refreshed appearance and reducing immediate renovation needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Zoning Uncertainty
The R-2 development potential is currently speculative and requires buyer verification with the city, posing a risk if the desired zoning changes are not approved.
- Vintage Infrastructure
Built in 1946, the property may require ongoing maintenance or upgrades to its aging core systems that are not addressed by the recent cosmetic improvements.
About 1535 Melrose Avenue
Discover the potential of 1535 Melrose Ave in Modesto. This property features a substantial lot offering ample space for various possibilities with the potential to change zoning to R-2, It allows for the construction of two-family dwellings, such as duplexes or townhouses, on a single lot. It presents an excellent opportunity for future development or investment. Buyers are encouraged to contact the city to verify zoning changes and explore the full range of possibilities this property has to offer. Property features a central location, dual pane windows, central heat and air, kitchen cabinets, laminate flooring, also fresh paint inside and out, plus new lighting in the hallway, an enclosed breeze way and potential for a 4th bedroom with an additional full bathroom. Lots of space for storage or to build. With its prime location and versatile possibilities, 1535 Melrose Ave is ready for your vision. This unique property offers endless opportunities for development and investment. Situated on a generous 0.79-acre lot, it provides ample space for a variety of uses.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1946
- Lot Size
- 34,500 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 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,094 | 1,400 | 88% |
| Lot Size | 34,500 | 6,891 | 99% |
| Price | $699.9K | $431.0K | 94% |
| Price per sq ft | $334 | $313 | 68% |
| Built year | 1946 | 1959 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 159 | 171 | 45% |
Pricing History
Listed for Sale
Sep 29, 2025
$699,900
Initial Listing
Sold
Sep 19, 2012
$115,000
Public Record
Sold
Sep 1, 2006
$275,000
Public Record