320 Acacia Street, Lodi, CA 95240, Lodi, 95240 - 3 bed, 2 bath
ACTIVE$394,000$1,200/sqft
Est. Value: $366,996
-6%
AboveEstimate
320 Acacia Street, Lodi, CA 95240
3Beds
2Baths
1,200Sqft
4,792Lot
Price Vs. Estimate
The estimated value ($366,995.99) is $27,004.01 (6%) lower than the list price ($394,000). This property may be overpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: The property includes a rented studio in the back, with both units currently occupied, offering immediate rental income and strong investment potential.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 5000.
Compared to the nearby listings
Price:$394.0K vs avg $443.0K ($-49,000)28%
Size:1,200 sqft vs avg 1,418.5 sqft28%
Price/sqft:$328 vs avg $33845%
More Insights
Condition: The property is functional and has received some cosmetic updates like new wood-look tile flooring and fresh paint in the main house. However, the kitchens and bathrooms, particularly the studio's, are significantly dated with older cabinets, countertops, and fixtures. The main house bathroom has older tile and a dated shower enclosure. The main house kitchen has older black appliances and laminate countertops. The studio kitchen has very old cabinets, worn linoleum flooring, and older white appliances. The cooling system (window AC unit) and heating (wall heater in studio) are also outdated. While the exterior appears well-maintained, the interior components show clear signs of age and would require substantial updates to meet current aesthetic and functional standards.
Year Built
Close
-
List price
$394K
Original List price
-
Price/Sqft
$328
HOA
$0
Days on market
-
Sold On
-
MLS number
225150019
Home ConditionFair
Features
Patio
View-
About this home
Beautiful 3 bedroom and 1/2 half bathroom house located near Hwy 99. Tile flooring, two tone interior paint, manicure front yard. There is studio in the back rented out, both units rented. Stucco exterior and paved concrete.
K
Khaksar Ahmad
Listing Agent
Price History
Date
Event
Price
09/03/20
Sold
$270,000
11/21/17
Sold
$150,000
Condition Rating
Fair
The property is functional and has received some cosmetic updates like new wood-look tile flooring and fresh paint in the main house. However, the kitchens and bathrooms, particularly the studio's, are significantly dated with older cabinets, countertops, and fixtures. The main house bathroom has older tile and a dated shower enclosure. The main house kitchen has older black appliances and laminate countertops. The studio kitchen has very old cabinets, worn linoleum flooring, and older white appliances. The cooling system (window AC unit) and heating (wall heater in studio) are also outdated. While the exterior appears well-maintained, the interior components show clear signs of age and would require substantial updates to meet current aesthetic and functional standards.
Pros & Cons
Pros
Income-Generating Potential: The property includes a rented studio in the back, with both units currently occupied, offering immediate rental income and strong investment potential.
Turnkey Aesthetic Appeal: Features like tile flooring, two-tone interior paint, and a manicured front yard contribute to a well-maintained appearance, appealing to buyers seeking a move-in ready home.
Durable Exterior Finishes: Stucco exterior and paved concrete provide a low-maintenance and long-lasting facade, reducing future upkeep costs for the homeowner.
Strategic Location: Situated near Highway 99, the property offers convenient access for commuters and proximity to local amenities.
Absence of HOA Fees: The lack of association fees is a significant financial benefit, reducing the overall monthly cost of homeownership for the buyer.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 5000.
Ambiguous Bathroom Count: The description's '1/2 half bathroom' is unclear when contrasted with the 'baths:2' field, potentially indicating only 1.5 bathrooms for a 3-bedroom home, which could be a functional limitation for some buyers.
Tenant Management & Limited Studio Information: As both units are currently rented, a new owner will inherit landlord responsibilities. The listing lacks specific details regarding the studio unit's size, amenities, or lease terms, which could raise questions for investors or owner-occupants.
Modest Lot Size: The 4792 sqft lot is relatively small for a single-family residence that also includes a separate studio, potentially limiting private outdoor space or future expansion opportunities.