Realkey.ai
RealKey
‪(213) 433-7766‬

329 E Walnut Street, Lodi, CA 95240, Lodi, 95240 - 3 bed, 2 bath

329 E Walnut Street, Lodi, CA 95240 home-pic-0
ACTIVE$399,000$1,390/sqft
Est. Value: $311,420
-21%
AboveEstimate
329 E Walnut Street, Lodi, CA 95240
3Beds
2Baths
1,390Sqft
11,064Lot

Price Vs. Estimate

The estimated value ($311,419.505) is $87,580.495 (21%) lower than the list price ($399,000). 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 = 11064, living area = 1390.
Top Cons:
Cash Only Requirement: The property is listed as 'CASH ONLY,' significantly limiting the pool of potential buyers and requiring a non-financed purchase.

Compared to the nearby listings

Price:$399.0K vs avg $443.0K ($-44,000)29%
Size:1,390 sqft vs avg 1,418.5 sqft48%
Price/sqft:$287 vs avg $33831%

More Insights

Built in 1915 (111 years old).
Condition: Built in 1915, this property requires substantial rehabilitation. The kitchen features very dated honey oak cabinets, tile countertops, and an old fluorescent light box, necessitating a full renovation. Both bathrooms are significantly outdated, with the main bathroom having an eclectic mix of styles and the second being very basic. The living room hardwood floors are heavily worn. Furthermore, the potential ADU requires a kitchen to be added, which is a major undertaking. The 'CASH ONLY' requirement strongly indicates that the property's condition is a barrier to traditional financing, aligning with the need for extensive repairs and updates.
Year Built
1915
Close
-
List price
$399K
Original List price
-
Price/Sqft
$287
HOA
$0
Days on market
-
Sold On
-
MLS number
225123298
Home ConditionPoor
Features
Patio
View-

About this home

CASH ONLY... Welcome to 329 E Walnut St, Lodi,CA a rare and versatile property like two homes on one lot, offering incredible potential for multi-generational living or rental income. The charming front home features 3 bedrooms and 2 bathrooms, blending historic character with modern comfort. The potential ADU is a 3-bedroom, 1-bathroom residence with space to add a kitchen, making it ideal for customization or conversion into a fully independent living space. This property sits on a spacious quarter-acre lot, with a backyard designed for entertaining. Whether you're hosting family gatherings, barbecues, or celebrations, there's plenty of space to create unforgettable memories. The long driveway, 2-car garage, and RV access from the alley with an RV hookup provide ample parking and flexibility. Multiple fruit trees add natural beauty and the opportunity to enjoy fresh produce right at home. A basement offers additional storage or potential for a creative workspace.

A
Ariyan Miller
Listing Agent

Price History

Date
Event
Price
05/24/05
Sold
$345,000
Condition Rating
Poor
Built in 1915, this property requires substantial rehabilitation. The kitchen features very dated honey oak cabinets, tile countertops, and an old fluorescent light box, necessitating a full renovation. Both bathrooms are significantly outdated, with the main bathroom having an eclectic mix of styles and the second being very basic. The living room hardwood floors are heavily worn. Furthermore, the potential ADU requires a kitchen to be added, which is a major undertaking. The 'CASH ONLY' requirement strongly indicates that the property's condition is a barrier to traditional financing, aligning with the need for extensive repairs and updates.
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 = 11064, living area = 1390.
Multi-Generational/Income Potential: The property offers a unique setup with two homes on one lot, including a potential ADU (3-bed, 1-bath) ready for customization, ideal for multi-generational living or significant rental income.
Spacious Quarter-Acre Lot: Sitting on a generous quarter-acre lot, the property features a large backyard designed for entertaining and includes multiple fruit trees, enhancing outdoor living.
Extensive Parking & RV Access: Ample parking is provided by a long driveway, a 2-car garage, and convenient RV access from the alley with an RV hookup, offering flexibility for vehicles and recreational needs.
Historic Charm: The charming front home, built in 1915, blends historic character with modern comfort, appealing to buyers who appreciate classic architecture.
Additional Storage/Workspace: A basement provides valuable extra storage space or potential for conversion into a creative workspace, adding to the property's utility.

Cons

Cash Only Requirement: The property is listed as 'CASH ONLY,' significantly limiting the pool of potential buyers and requiring a non-financed purchase.
Age of Property: Built in 1915, the property's age may imply potential for deferred maintenance, outdated systems (plumbing, electrical), and higher renovation costs for some components.
ADU Requires Completion: While offering ADU potential, the second unit requires space to add a kitchen, meaning additional investment and work are needed to make it a fully independent living space.
Browse Properties by State Browse housing market trends by state