1562 N Fay, Fresno, California 93728, Fresno, 93728 - 2 bed, 1 bath
1562 N Fay
Fresno, California 93728
Property Price
SUMMARY
Analysis of 1562 N Fay, Fresno, California 93728 reveals a property with a current list price of $295,000, which is 4% above the estimated $280,404 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 Fresno 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 |
|---|---|---|---|---|---|---|
★ 1562 N Fay Subject | $295,000* List Price | 2 | 1 | 909 | $308 | - |
A 1407 N Esther Way Sold | $264,000 | 2 | 1 | 728 | $363 | 0.2 mi |
B 1559 N Carruth Active | $310,000 List Price | 2 | 1 | 852 | $364 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1950, is well-maintained and move-in ready with recent updates like a newer roof and solar panels. However, the kitchen features 'newer' oak cabinets and laminate countertops, and the bathroom has older-style tiled walls and a basic vanity, suggesting renovations that are likely 15-30 years old. While functional and clean, the aesthetic of the kitchen and bathroom is dated, and the inferred lack of central air conditioning is a notable drawback for the region. It requires minor cosmetic updates to align with current styles.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated near Fresno's vibrant Tower District, offering convenient access to restaurants, shopping, entertainment, and downtown amenities, making it a highly desirable neighborhood.
- Energy Efficiency & Cost Savings
Features a newer roof and an installed solar energy system, providing long-term utility savings and contributing to the home's overall energy efficiency.
- Recent Updates & Move-in Ready Condition
The property is beautifully maintained with updated lighting, tile flooring, and newer kitchen cabinets, presenting a move-in-ready opportunity for buyers.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With 2 bedrooms, 1 bathroom, and 909 square feet, the property offers limited living space, which may not suit larger families or those requiring more room.
- Age of Construction
Built in 1950, the home's age, despite updates, may suggest older underlying infrastructure or potential for maintenance needs not covered by recent renovations.
- Absence of Central Air Conditioning (Inferred)
Given Fresno's hot climate, the description does not mention a central cooling system, which could be a significant comfort and resale consideration for potential buyers.
About 1562 N Fay
Welcome to 1562 N Fay Avenue in Fresno a charming and energy-efficient home near the vibrant Tower District! This beautifully maintained property offers 2 bedrooms, 1 bathroom, and a spacious. Enter into the inviting front porch and into a bright living room featuring tile flooring, updated lighting, and a welcoming atmosphere. The kitchen includes newer cabinets, ample storage, and access to the large backyard, perfect for outdoor gatherings or future expansion. Additional highlights include a newer roof and solar energy system, providing long-term savings and efficiency. Located just minutes from Tower District restaurants, shopping, entertainment, and downtown Fresno, this home offers both comfort and convenience in one of Fresno's most desirable neighborhoods. Don't miss your chance to own this move-in-ready Fresno homeschedule your private showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1950
- Lot Size
- 6,300 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 2.5 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 909 | 1,239 | 38% |
| Lot Size | 6,300 | 6,350 | 25% |
| Price | $295.0K | $305.0K | 50% |
| Price per sq ft | $325 | $263 | 63% |
| Built year | 1950 | 1945 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 176 | 38% |
Pricing History
Listed for Sale
Oct 31, 2025
$295,000
Initial Listing
Sold
Aug 16, 2022
$252,000
Public Record
Sold
Sep 13, 2004
$156,000
Public Record
Sold
Oct 24, 2001
$73,500
Public Record