322 Poplar Avenue, Manteca, CA 95336, Manteca, 95336 - 2 bed, 1 bath
ACTIVE$435,000$670/sqft
Est. Value: $351,178
-19%
AboveEstimate
322 Poplar Avenue, Manteca, CA 95336
2Beds
1Bath
670Sqft
8,398Lot
Price Vs. Estimate
The estimated value ($351,178.235) is $83,821.765 (19%) lower than the list price ($435,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8398, living area = 670.
Top Cons:
County Record Discrepancy: The property has two physical structures on one lot but is recorded as a single dwelling by the county. This non-conforming status could lead to challenges with financing, insurance, permitting, or future resale.
Compared to the nearby listings
Price:$435.0K vs avg $515.0K ($-80,000)24%
Size:670 sqft vs avg 1,716.5 sqft1%
Price/sqft:$649 vs avg $30899%
More Insights
Built in 1947 (79 years old).
Condition: Built in 1947, this property is quite old. While the listing notes recent updates such as new paint, new flooring, and a new roof on the main house, the kitchen features older cabinets and laminate countertops, despite a new range. The bathroom tub appears new, but the overall style is basic. The property's age suggests that major systems (plumbing, electrical, HVAC) are likely original or very old and may require significant investment in the near future, as highlighted in the property analysis. These factors indicate a functional but dated property that requires further updates beyond the recent cosmetic ones to meet current quality standards.
Year Built
1947
Close
-
List price
$435K
Original List price
-
Price/Sqft
$649
HOA
$0
Days on market
-
Sold On
-
MLS number
225137119
Home ConditionFair
Features
View-
About this home
It is Perfect for first time buyer and investor. Live in one and rent second one. There are 2 houses in one lot but it is one house in county record. One house have two bed one bath and Rent is $1300.00. Second house have one bed one bath and rent is $1100.00. New paint, floor and New roof of main house
S
Saleem Chaudry
Listing Agent
Price History
Date
Event
Price
10/12/18
Sold
$215,000
Condition Rating
Fair
Built in 1947, this property is quite old. While the listing notes recent updates such as new paint, new flooring, and a new roof on the main house, the kitchen features older cabinets and laminate countertops, despite a new range. The bathroom tub appears new, but the overall style is basic. The property's age suggests that major systems (plumbing, electrical, HVAC) are likely original or very old and may require significant investment in the near future, as highlighted in the property analysis. These factors indicate a functional but dated property that requires further updates beyond the recent cosmetic ones to meet current quality standards.
Pros & Cons
Pros
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 = 8398, living area = 670.
Strong Income Potential: The property features two separate units (2 bed/1 bath and 1 bed/1 bath) with established rental income totaling $2400/month, offering excellent cash flow for investors or significant mortgage offset for owner-occupants.
Versatile Use & Investment Opportunity: Ideal for both first-time homebuyers looking to live in one unit and rent out the other, or seasoned investors seeking a multi-unit income property with dual living potential.
Recent Key Renovations: The main house has benefited from recent updates including new paint, new flooring, and a new roof, reducing immediate maintenance concerns and capital expenditure for a new owner.
Generous Lot Size: The property sits on a substantial 8,398 sqft lot, providing ample outdoor space which is a valuable asset, especially for a multi-unit dwelling.
Demonstrated Value Appreciation: The property has shown significant appreciation since its last sale in 2018 ($215,000 to $435,000), indicating a potentially strong investment and a desirable market.
Cons
County Record Discrepancy: The property has two physical structures on one lot but is recorded as a single dwelling by the county. This non-conforming status could lead to challenges with financing, insurance, permitting, or future resale.
Unspecified Total Living Area: While two units are present, the total square footage for both units combined is not explicitly stated, with only 670 sqft listed (likely for the main unit). This lack of clarity can make it difficult for buyers to assess the overall living space and value.
Age of Property & Potential System Updates: Built in 1947, the property is over 75 years old. While cosmetic updates and a new roof are noted for the main house, older infrastructure (e.g., plumbing, electrical, HVAC) may require significant investment in the near future.