
Modesto, CA 95351
This property presents a High-Potential Investment Opportunity with a List Price of $440,000—positioned well below the $406,924 Fair Market Value by -8%. Featuring a Fair Condition Rating, the asset includes a 4-bedroom home and an adjacent vacant parcel, offering significant Development Potential and High Available Lot Utilization. With updated HVAC and water heater systems, this property is an ideal Value-Add project for Buy-and-Hold Investors or Contractors looking to leverage the combined 13,568 sq. ft. lot for future expansion or ADU construction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1645 Victoria Dr Subject 4 bd · 1 ba · 1,316 sqft · $309 | $440,000* List Price | 4 | 1 | 1,316 | $309 | - |
A 1412 Picardy Drive Sold 4 bd · 2 ba · 1,274 sqft · $314 · 0.4 mi | $400,000 | 4 | 2 | 1,274 | $314 | 0.4 mi |
B 1104 Beverly Drive Sold 2 bd · 2 ba · 1,574 sqft · $248 · 0.4 mi | $390,000 | 2 | 2 | 1,574 | $248 | 0.4 mi |
C 1569 Normandy Drive Active 2 bd · 1 ba · 893 sqft · $398 · 0.2 mi | $355,700 List Price | 2 | 1 | 893 | $398 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1941, the property is dated but functional. While the HVAC and water heater are excellent (updated 3-4 years ago), the kitchen and interior finishes appear to be 20-30 years old, featuring older oak cabinetry and laminate flooring that require modernization. The home is move-in ready but needs cosmetic 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 = 13568, living area = 1316.
The inclusion of an adjacent 6,780 sq. ft. vacant parcel provides a rare opportunity to build a second residence, an ADU, or expand the existing footprint for increased equity.
The HVAC system and water heater have been updated within the last 3-4 years, reducing immediate capital expenditure and providing peace of mind for the buyer.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13568, other record lot size in square feet = 6969.
With four bedrooms but only one bathroom, the home's layout may be inconvenient for larger families and could limit its appeal to certain buyer segments.
Built in 1941, the home likely requires cosmetic modernization and ongoing maintenance to meet contemporary standards, despite the recent mechanical upgrades.
Two parcels, one property, and a ton of potential in Modesto! This unique offering includes a 4-bedroom, 1-bath home on an approximately 6,788 sq. ft. parcel PLUS the adjacent approximately 6,780 sq. ft. vacant parcel, giving you approximately 13,568 sq. ft. of combined land. The home offers a flexible layout with two bedrooms upstairs, generous closet space, and plenty of character throughout. A clean basement provides additional storage and usable space. Other features include a garage, separate shed/storage area, public city water, a camera system, and an alarm system. HVAC and water heater have also been updated within approximately the last 3-4 years. What truly sets this property apart is the additional parcel located directly next door. The approximately 6,780 sq. ft. vacant lot is zoned for single-family residential use and features an existing concrete area, creating numerous possibilities. Explore the potential for another residence, additional living space, an ADU, expanded parking, storage, outdoor entertaining, or simply enjoy the extra land. Both parcels are being sold together, offering a rare opportunity to own an existing home along with a separate residential lot right beside it. Bring your ideas and take advantage of the space, flexibility, and future potential this property has to offer. Buyer to independently verify parcel sizes, zoning, utilities, building requirements, permitted uses, development potential, and functionality/inclusion of camera and alarm systems.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,316 | 1,595.344 |
| Lot Size | 13,568 | 6,731.123 |
| Price | $440.0K | $461.9K |
| Price per sq ft | $334 | $295 |
| Built year | 1941 | 1976 |
| HOA | $0 | $147 |
| Days on market | 26 | 52 |
Sep 28, 2026
$440,000
Initial Listing
Nov 17, 1998
$3,000
Public Record