2724 Sparks Way, Modesto, CA 95350, Modesto, 95350 - 2 bed, 1 bath
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Modesto, CA 95350
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2724 Sparks Way Subject | $375,000* List Price | 2 | 1 | 1,082 | $262 | - |
A 3017 Maplenut Avenue Sold | $453,000 | 3 | 2 | 1,152 | $393 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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pool that has been filled in with dirt, and interior/patio spaces showing heavy wear, exposed structural elements, and outdated materials.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.
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.
The property sits on a generous 1/4-acre fenced corner lot, providing ample space for outdoor activities, privacy, and potential structural additions.
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.
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.
The home is marketed as needing 'love,' suggesting that buyers should budget for immediate repairs and cosmetic updates to bring it to modern standards.
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.
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.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 1,082 | 1,446 | 15% |
| Lot Size | 11,225 | 6,891 | 94% |
| Price | $375.0K | $440.0K | 17% |
| Price per sq ft | $347 | $306 | 79% |
| Built year | 1957 | 1960 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 531 | 175 | 97% |
Mar 24, 2026
$375,000
$390,000
-4% Price Drop
Initial Listing
Nov 7, 2024
$390,000
Initial Listing