229 Mensinger Avenue, Modesto, CA 95350, Modesto, 95350 - 3 bed, 1 bath
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Modesto, CA 95350
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well below the $514,039 Fair Market Value by 2%. This valuation gap offers $14,039 in Instant Equity. Featuring a Condition Rating of 4, the home includes updated split HVAC systems and a large 0.47-acre lot with significant ADU potential. The detached garage apartment provides immediate income-generation capacity. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 229 Mensinger Avenue Subject | $500,000* List Price | 3 | 1 | 1,958 | $263 | - |
A 1020 Stanford Avenue Sold | $499,000 | 2 | 1 | 1,702 | $293 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, the property is significantly aged but benefits from updated split HVAC systems and is described as well-maintained. The detached garage apartment is explicitly noted as a fixer, and the overall age suggests dated kitchen/bath interiors requiring modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20460, living area = 1958.
The massive 0.47-acre lot is a rare find in the desirable college area, providing ample space for the addition of an ADU or significant property expansion.
The detached garage includes an upstairs apartment with its own kitchen and bath, offering a prime opportunity for rental income or multi-generational living.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =20460, other record lot size in square feet = 20037. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1958, other record living area = 520. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
With three bedrooms but only one bathroom for nearly 2,000 square feet of living space, the home's configuration may be a drawback for modern buyer expectations.
The upstairs apartment is in 'fixer' condition, requiring immediate capital investment and renovation work before it can be utilized or rented.
Need a cute home in the college area? HUGE lot, just shy of 1/2 acre might have room for an ADU (check with city). Home is well maintained, bedrooms and living room have split hvac systems for efficient cooling/heating. Detached garage has an upstairs apartment with kitchen and bath (fixer).
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,958 | - |
| Lot Size | 20,460 | - |
| Price | $500.0K | $458.5K |
| Price per sq ft | $255 | $300 |
| Built year | 1932 | 0 |
| HOA | $0 | $0 |
| Days on market | 19 | 48 |
Jul 3, 2026
$500,000
Initial Listing