217 Rio Grande Avenue, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
217 Rio Grande Avenue
Modesto, CA 95351
Property Price
SUMMARY
Analysis of 217 Rio Grande Avenue, Modesto, CA 95351 reveals a Fairly Priced Property with a current list price of $439,000 aligned with the estimated $439,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Modesto 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 |
|---|---|---|---|---|---|---|
★ 217 Rio Grande Avenue Subject | $439,000* List Price | 3 | 2 | 1,650 | $266 | - |
A 613 Danube Court Sold | $434,000 | 4 | 3 | 1,430 | $303 | 0.6 mi |
B 212 El Paso Avenue Pending | $399,999 List Price | 3 | 2 | 1,703 | $235 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1948, this property is functional but dated, fitting the 'Fair' criteria. The kitchen and bathrooms feature older cabinetry, tile countertops, and aged fixtures. While the interior shows signs of basic maintenance like recent paint, the presence of wall heaters, older flooring, and an unpermitted studio indicates that the home has not undergone a comprehensive modern renovation and requires updates to meet current market standards.
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 = 8276, living area = 1650.
- Multi-Unit Income Potential
The property includes two separate houses and a studio, offering a significant opportunity for rental income or multi-generational living arrangements.
- Strategic Location
Situated just minutes from shopping centers, parks, schools, and freeway access, the property is highly convenient for commuters and families.
CONSRISKS & DEFICIENCIES
- Unpermitted Structure
The studio is explicitly noted as not permitted, which could lead to potential legal issues, financing difficulties, or the need for costly retroactive permitting.
- Aging Infrastructure
With the main structures dating back to 1948, the property may require significant maintenance or updates to electrical, plumbing, and HVAC systems.
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
- -
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,650 | 1,252 | 79% |
| Lot Size | - | 6,556 | 1% |
| Price | $439.0K | $389.0K | 75% |
| Price per sq ft | $266 | $311 | 31% |
| Built year | 1948 | 1957 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 512 | 172 | 94% |
Pricing History
Listed for Sale
Oct 11, 2024
$439,000
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