
Modesto, CA 95351
This Multi-Unit Riverfront Property is a Strong Value Opportunity, listed at $695,000—positioned above the $644,636 Fair Market Value. While the list price exceeds the current estimate, the property’s unique dual-APN configuration and Scenic Riverfront Views provide significant long-term upside. Featuring an Updated Kitchen with Granite Countertops and a Condition Rating of 2, the home offers immediate livability. This versatile asset is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants looking for a multi-generational living solution on a spacious one-acre lot.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1629 River Road Subject | $695,000* List Price | 4 | 3 | 2,073 | $311 | - |
A 1305 River Road Sold | $615,000 | 4 | 2 | 2,174 | $283 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1947, the property shows evidence of a comprehensive recent renovation (likely within the last year based on the 2024 sales history). The listing highlights an updated kitchen with granite countertops and the exterior appears in mint condition with modern finishes, meeting the criteria for a high-quality renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23958, living area = 2073.
The property features direct access to the Tuolumne River, providing a rare scenic setting and unique outdoor recreational opportunities.
With two homes situated on two separate APNs, this property offers significant potential for rental income or multi-generational living arrangements.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =23958, other record lot size in square feet = 23522.
Originally built in 1947, the property may necessitate additional inspections and potential upgrades to aging infrastructure or foundational systems.
The inclusion of a $400 association fee increases the total monthly ownership cost, which may impact the overall affordability for some buyers.
Rare Riverfront Opportunity! Nestled along the scenic Tuolumne River, this unique property offers endless possibilities with two homes on nearly one acre across two separate APNs. Whether you're looking for a multi-generational living setup, rental income, or future investment potential, this property delivers exceptional flexibility. The main home features 3 bedrooms, 2 bathrooms, an updated kitchen with granite countertops, a spacious great room with fireplace, and peaceful outdoor spaces to enjoy the natural surroundings. With river access, ample land, and room to explore future possibilities (buyer to verify), this is a one-of-a-kind opportunity just minutes from shopping, schools, and freeway access.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,073 | 1,592.041 |
| Lot Size | 23,958 | 6,846.312 |
| Price | $695.0K | $462.1K |
| Price per sq ft | $335 | $298 |
| Built year | 1947 | 1977 |
| HOA | $400 | $155 |
| Days on market | 41 | 50 |
Jul 30, 2026
$695,000
Initial Listing
Dec 31, 2024
$820,000
Public Record
Jun 27, 2024
$405,000
Public Record
Feb 1, 2002
$238,000
Public Record