2505 Prescott Road 3, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
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This property presents a High-Potential Investment Opportunity with a List Price of $199,888—positioned well above the $113,493 Fair Market Value by -76%. While the valuation reflects a Condition Rating of 5, the Functional Two-Bedroom Layout and centralized location on Prescott Road provide a solid foundation for value-add renovations. Investors should account for the aging core systems and the high HOA-to-price ratio when calculating ROI. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of executing necessary capital improvements.
Property is extensive renovation needed.
The property was built in 1970 (50+ years old) and the data shows no evidence of recent major renovations. Given the age, the kitchen, bathroom, and core systems (HVAC/Electric) are likely beyond their functional lifespan and require significant rehabilitation.
Priced under $200,000, this property offers a rare entry-level opportunity in the California market, making it highly attractive for first-time buyers or budget-conscious investors.
The 840-square-foot floor plan efficiently utilizes space with a two-bedroom configuration, providing more versatility and rental demand than a typical one-bedroom unit.
Situated on Prescott Road, the property provides convenient access to Modesto's shopping, dining, and essential services, ensuring strong long-term desirability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8425, other record lot size in square feet = 8276.
The $400 monthly association fee is relatively high compared to the listing price, which may impact a buyer's debt-to-income ratio and overall monthly affordability.
Built in 1970, the unit may require capital improvements or modernization to address aging systems and meet the aesthetic expectations of modern tenants or owners.
Exceptional opportunity in Modesto. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 840 | 1,192 | 13% |
| Lot Size | 8,425 | 1,306.95 | 88% |
| Price | $199.9K | $240.5K | 25% |
| Price per sq ft | $238 | $222 | 75% |
| Built year | 1970 | 1975 | 50% |
| HOA | $400 | $437 | 25% |
| Days on market | 27 | 221 | 13% |
May 10, 2026
$199,888
Initial Listing
Aug 4, 2023
$195,000
Public Record
Aug 3, 2005
$152,500
Public Record