217 Rio Grande Avenue, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
Loading property details...
217 Rio Grande Avenue
Modesto, CA 95351
PENDING
CONDITION: POOR
3Beds
2Baths
1,650Sq Ft
8,635Lot Size
Property Price
LIST PRICE$420,000
EST. MARKET VALUE
$377,683
11% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $420,000—positioned above the $389,456 Fair Market Value. While the property requires significant rehabilitation due to its Fair/Poor Condition Rating, the unique configuration of two houses and an unpermitted studio on an 8,635 sq. ft. lot offers substantial High Income Potential. This asset is best suited for Buy-and-Hold Investors or experienced contractors capable of navigating local building codes to maximize the utility of this multi-unit site.
Estimated Market Value
$377,683
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 Rio Grande Avenue Subject | $420,000* List Price | 3 | 2 | 1,650 | $229 | - |
A 217 Rio Grande Avenue Active | $439,000 List Price | 3 | 2 | 1,650 | $266 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1948 with dated systems including wall heaters and window AC units. Interior photos reveal a bathroom in a state of mid-demolition or disrepair, missing essential fixtures like a vanity and toilet, and the listing includes unpermitted structures, indicating a need for significant rehab.
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 = 8635, living area = 1650.
- High Income Potential
The property features two separate houses and a studio, offering a rare opportunity for significant rental income or multi-generational living on a single lot.
- Strategic Location
Situated in a desirable area near commercial hubs, shopping centers, schools, and freeway access, the location ensures high demand for both tenants and owners.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8635, other record lot size in square feet = 8276. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1650, other record living area = 672. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Unpermitted Structure
The studio is explicitly noted as not permitted, which may present challenges with financing, insurance, and future compliance with local building codes.
- Aging Infrastructure
Built in 1948, the property likely requires significant updates to its major systems and cosmetic finishes to meet modern standards and efficiency.
About 217 Rio Grande Avenue
Attention investors and first-time home buyers, two houses and one studio (not permitted). Located in a desirable and commercial area, just minutes away from shopping centers, parks, schools and freeway.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 8,635 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,650 | 1,592.041 |
| Lot Size | 8,635 | 6,846.312 |
| Price | $420.0K | $462.1K |
| Price per sq ft | $255 | $298 |
| Built year | 1948 | 1977 |
| HOA | $0 | $155 |
| Days on market | 42 | 50 |
Pricing History
Listed for Sale
Jul 29, 2026
$420,000
Initial Listing
Sold
Apr 4, 2014
$100,000
Public Record
Sold
Jan 13, 2011
$50,000
Public Record
Sold
Apr 24, 2009
$50,000
Public Record
Sold
Jul 8, 2003
$160,000
Public Record