2724 Sparks Way, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
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2724 Sparks Way
Modesto, CA 95350
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,082Sq Ft
11,225Lot Size
Property Price
LIST PRICE$360,000
EST. MARKET VALUE
$342,131
5% AboveMARKET VALUE
SUMMARY
This Value-Add Residential Asset is a strategic acquisition for buyers prioritizing footprint and future density. Listed at $375,000, the property is currently positioned above the $283,614 Fair Market Value, a valuation reflecting the rare 11,225 Sq. Ft. Corner Lot and secondary Studio Apartment which offers immediate Income Potential. Marketed as a "diamond in the rough" with a Condition Rating of 5, the site requires a comprehensive rehabilitation to maximize ROI. Located near Josephine Chrysler Elementary and Prescott Junior High, this project is a high-utility play for Fix-and-Flip Investors or Contractors.
Estimated Market Value
$342,131
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 |
|---|---|---|---|---|---|---|
★ 2724 Sparks Way Subject 2 bd · 1 ba · 1,082 sqft · $316 | $360,000* List Price | 2 | 1 | 1,082 | $316 | - |
A 2601 Jennifer Drive Sold 3 bd · 2 ba · 1,298 sqft · $335 · 0.9 mi | $435,000 | 3 | 2 | 1,298 | $335 | 0.9 mi |
B 2432 Eicher Avenue Active 3 bd · 2 ba · 1,118 sqft · $362 · 0.4 mi | $405,000 List Price | 3 | 2 | 1,118 | $362 | 0.4 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 1957, this property is explicitly marketed as a 'diamond in the rough' requiring significant renovation. Images reveal a neglected exterior with a dead lawn, a swimming pool that has been filled in with dirt, and interior/patio spaces showing heavy wear, exposed structural elements, and outdated materials. The property requires substantial rehabilitation to meet modern living 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 = 11225, living area = 1082.
- Expansive Corner Lot
The property sits on a generous 1/4-acre fenced corner lot, providing ample space for outdoor activities, privacy, and potential structural additions.
- Income Potential
In addition to the main 2-bedroom home, the inclusion of a studio apartment offers excellent versatility for rental income or a private guest suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11225, other record lot size in square feet = 12308.
- Significant Renovation Needed
The home is marketed as needing 'love,' suggesting that buyers should budget for immediate repairs and cosmetic updates to bring it to modern standards.
- Limited Initial Living Space
With only 2 bedrooms and 1 bathroom in the primary residence, the current layout may be restrictive for larger families until further additions are made.
About 2724 Sparks Way
Investor opportunity with plenty of potential. This property features a 2 bedroom/1 bathroom main house with an attached 1 bedroom/1 bathroom apartment, situated on approximately 1/4 acre on a corner lot. This generous lot offers additional possibilities, including potential ADU. Great opportunity for an investor, contactor, or buyer ready to bring this property back to life.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 11,225 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Josephine Chrysler Elementary School
Grades K-6 • 0.2 mi
4/10
Prescott Junior High School
Grades 7-8 • 0.5 mi
4/10
Grace M. Davis High School
Grades 9-12 • 1.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,082 | 1,595.344 |
| Lot Size | 11,225 | 6,731.123 |
| Price | $360.0K | $461.9K |
| Price per sq ft | $333 | $295 |
| Built year | 1957 | 1976 |
| HOA | $0 | $147 |
| Days on market | 716 | 52 |
Pricing History
Listed for Sale
Jun 4, 2026
$360,000
$375,000
-4% Price Drop
Initial Listing
Price Change
Mar 24, 2026
$375,000
$390,000
-4% Price Drop
Initial Listing
Price Change
Nov 7, 2024
$390,000
Initial Listing