
Modesto, CA 95354
This property presents a High-Potential Investment Opportunity with a List Price of $370,000—positioned well below the $357,164 Fair Market Value by -3%. While the home has a Fair Condition Rating (4/10), the expansive 7,501 sqft corner lot and converted garage offer significant upside for forced appreciation through an ADU or interior modernization. Featuring an updated electrical panel and RV hookups, this asset provides practical infrastructure for value-add projects. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project with long-term growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 205 Cloverdale Ave Subject 2 bd · 1 ba · 904 sqft · $387 | $360,000* List Price | 2 | 1 | 904 | $387 | - |
A 2354 Lambert Street Sold 2 bd · 1 ba · 816 sqft · $417 · 0.6 mi | $340,000 | 2 | 1 | 816 | $417 | 0.6 mi |
B 203 Severin Avenue Sold 2 bd · 1 ba · 861 sqft · $372 · 0.7 mi | $320,000 | 2 | 1 | 861 | $372 | 0.7 mi |
C 149 Severin Avenue Sold 2 bd · 1 ba · 905 sqft · $359 · 0.7 mi | $325,000 | 2 | 1 | 905 | $359 | 0.7 mi |
D 214 Ferguson Avenue Sold 2 bd · 1 ba · 957 sqft · $340 · 0.6 mi | $325,000 | 2 | 1 | 957 | $340 | 0.6 mi |
E 224 Parry Avenue Active 2 bd · 1 ba · 840 sqft · $470 · 0.2 mi | $394,999 List Price | 2 | 1 | 840 | $470 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, this property shows a mix of minor updates and dated original features. While the electrical panel is updated and newer laminate flooring has been installed, the kitchen remains dated with older tile countertops and painted cabinetry. The use of a window AC unit suggests the lack of a modern central HVAC system. The home is functional and move-in ready but requires cosmetic and system modernization 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 = 7501, living area = 904.
The expansive 7,501 sqft corner lot provides significant space for an Accessory Dwelling Unit (ADU) or future expansion, maximizing the property's long-term investment value.
Equipped with an updated electrical panel, RV hookups, and a 12x10 storage shed, the property offers practical infrastructure for hobbyists or those with additional storage needs.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7501, other record lot size in square feet = 7405.
With only 904 square feet of living space and a single bathroom, the home's small scale may limit its appeal to larger families or buyers seeking more spacious interiors.
Built in 1950, the property may require further modernization or repairs beyond the electrical updates to address the typical wear and tear associated with a home of this age.
Motivated Seller! Great opportunity for first-time homebuyers or investors! Situated on a huge corner lot, this property offers plenty of space, flexibility, and potential. Features include an updated electrical panel, RV hookups, divided yards, backyard pavers, landscaping, and a 12x10 storage shed. The converted garage provides additional usable space and can easily be converted back to a garage if desired. The generous lot also offers potential for an ADU, subject to buyer verification and local requirements. Conveniently located in an established Modesto neighborhood with plenty of possibilities for its next owner. Travel Trailer is not included in the sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 904 | 1,595.344 |
| Lot Size | 7,501 | 6,731.123 |
| Price | $360.0K | $461.9K |
| Price per sq ft | $398 | $295 |
| Built year | 1950 | 1976 |
| HOA | $0 | $147 |
| Days on market | 25 | 52 |
Oct 23, 2026
$360,000
$370,000
-3% Price Drop
Initial Listing
Sep 29, 2026
$370,000
Initial Listing
Jan 20, 2023
$300,000
Public Record
Oct 31, 2012
$70,000
Public Record
Dec 3, 2001
$66,000
Public Record
Nov 25, 1997
$73,000
Public Record