309 Portola Way, Tracy, CA 95376, Tracy, 95376 - 3 bed, 2 bath
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Tracy, CA 95376
This property presents a High-Potential Investment Opportunity with a List Price of $400,000—positioned well below the $409,613 Fair Market Value by 2%. This valuation gap offers $9,613 in Instant Equity for buyers. Featuring a 5-year-old Lennox HVAC and dual-pane windows, the home requires a full interior rehab, reflected in its Fair Condition Rating. This asset is ideal for Fix-and-Flip Investors or first-time buyers utilizing FHA 203(k) renovation financing to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 Portola Way Subject | $400,000* List Price | 3 | 2 | 1,232 | $332 | - |
A 143 W Beverly Place Sold | $395,000 | 2 | 2 | 1,064 | $371 | 0.8 mi |
B 405 W Beverly Place Sold | $422,500 | 2 | 1 | 1,068 | $396 | 0.9 mi |
C 3341 Cheryl Court Sold | $500,000 | 3 | 2 | 1,337 | $374 | 0.5 mi |
D 379 E 22nd Street Pending | $399,000 List Price | 4 | 2 | 1,197 | $333 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1963, this 60+ year old home shows significant wear and neglect. While the HVAC is a highlight at 5 years old, the interior features heavily stained carpets, popcorn ceilings, and a visible hole in the bedroom ceiling. The listing explicitly states it 'needs TLC' and is marketed for renovation financing (FHA 203k), indicating it requires a full rehab rather than minor updates.
The property features a newer Lennox HVAC system (approximately 5 years old), dual-pane windows, and an insulated garage door, reducing the need for immediate high-cost utility upgrades.
Priced for renovation and eligible for FHA 203(k) or VA renovation financing, this home offers a significant opportunity for buyers to build equity through personalized improvements.
The kitchen is already equipped with a central island and newer stainless steel appliances, providing a solid and functional layout for a modern cosmetic refresh.
The property is explicitly noted as needing 'TLC,' implying that substantial cosmetic or structural updates are required to bring the home to modern market standards.
The assigned K-8 school, North Elementary, currently holds a lower rating of 3, which may be a deterrent for families prioritizing high-performing educational districts.
Needs TLC and offers a great opportunity to renovate and make it your own. This 1,232 sq. ft. home features 3 bedrooms, 2 bathrooms, dual-pane windows, ceiling fans, tile countertops, a kitchen island, newer stainless steel oven, flat cooktop, and a Lennox HVAC system approximately 5 years old. The laundry room includes cabinets and direct backyard access. Two-car attached garage with an insulated garage door and a large backyard. Property may be eligible for FHA 203(k) or VA renovation financing. Buyer to verify property and borrower eligibility with their lender.
No exterior & parking available.
Grades K-8 • 0.3 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,232 | - |
| Lot Size | 5,998 | - |
| Price | $400.0K | $677.7K |
| Price per sq ft | $325 | $356 |
| Built year | 1963 | 0 |
| HOA | $0 | $0 |
| Days on market | 3 | 50 |
Jul 19, 2026
$400,000
Initial Listing
Dec 18, 2012
$166,500
Public Record
Oct 12, 2007
$300,000
Public Record