2724 Sparks Way, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
2724 Sparks Way
Modesto, CA 95350
Property Price
SUMMARY
Analysis of 2724 Sparks Way, Modesto, CA 95350 reveals a property with a current list price of $390,000, which is 28% above the estimated $303,598 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2724 Sparks Way Subject | $390,000* List Price | 2 | 1 | 1,082 | $281 | - |
A 3017 Maplenut Avenue Sold | $453,000 | 3 | 2 | 1,152 | $393 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1957, this property is explicitly described as a 'diamond in the rough' in distressed condition. It requires substantial repairs and a complete rehabilitation of the kitchen, bathroom, and living areas to address deferred maintenance and outdated systems.
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
Situated on a generous 1/4-acre corner lot, the property provides ample space for potential expansions, outdoor living, or the addition of an accessory dwelling unit (ADU).
- Multi-Unit Potential
The inclusion of a separate studio apartment alongside the main two-bedroom residence offers excellent versatility for rental income or multi-generational living arrangements.
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 Required
Marketed as a 'diamond in the rough,' the property requires substantial investment in repairs and updates to address its current distressed condition.
- Limited Bathroom Count
With only one bathroom serving the main two-bedroom structure, the layout may be restrictive for modern families or those looking for contemporary convenience.
About 2724 Sparks Way
This home is a diamond in the rough. Featuring 2 bedrooms/1 bathroom and a studio appartment siting on a 1/4 Acre, fenced in corner lot that offers room for additions. Just needs a little love to make this diamond shine again.
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
Prescott Junior High School
Grades 7-8 • 0.5 mi
Grace M. Davis High School
Grades 9-12 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,082 | 1,396 | 15% |
| Lot Size | 11,225 | 6,891 | 93% |
| Price | $390.0K | $430.0K | 27% |
| Price per sq ft | $360 | $313 | 85% |
| Built year | 1957 | 1959 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 485 | 173 | 97% |
Pricing History
Listed for Sale
Nov 7, 2024
$390,000
Initial Listing