3369 Lighthouse Court, Atwater, California 95301, Atwater, 95301 - 4 bed, 3 bath
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3369 Lighthouse Court
Atwater, California 95301
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,442Sq Ft
7,187Lot Size
Property Price
LIST PRICE$507,900
EST. MARKET VALUE
$525,000
3% BelowMARKET VALUE
SUMMARY
This Shaffer Lake Waterfront Residence is a High-Potential Investment Opportunity, listed at $525,000—positioned well below the $549,540 Fair Market Value by 4%. This valuation gap offers $24,540 in Instant Equity. While the home maintains a Fair Condition Rating with original 1991 finishes, its unique Lakefront View, Private Pool, and Sauna provide significant lifestyle upside. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through cosmetic modernization.
Estimated Market Value
$525,000+$17,100 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Atwater.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3369 Lighthouse Court Subject 4 bd · 3 ba · 2,442 sqft · $215 | $507,900* List Price | 4 | 3 | 2,442 | $215 | - |
A 3340 Harbor Sold 3 bd · 2 ba · 1,905 sqft · $269 · 0.0 mi | $512,000 | 3 | 2 | 1,905 | $269 | 0.0 mi |
B 3359 Lighthouse Court Sold 3 bd · 2 ba · 2,314 sqft · $244 · 0.0 mi | $565,000 | 3 | 2 | 2,314 | $244 | 0.0 mi |
C 3395 Fathom Court Sold 4 bd · 3 ba · 1,942 sqft · $222 · 0.2 mi | $431,000 | 4 | 3 | 1,942 | $222 | 0.2 mi |
D 860 Sandstone Way Sold 4 bd · 3 ba · 2,327 sqft · $208 · 0.9 mi | $483,000 | 4 | 3 | 2,327 | $208 | 0.9 mi |
E 2611 Stone Creek Sold 3 bd · 2 ba · 1,923 sqft · $257 · 0.9 mi | $495,000 | 3 | 2 | 1,923 | $257 | 0.9 mi |
F 197 Madrona Drive Sold 3 bd · 2 ba · 1,661 sqft · $268 · 0.2 mi | $445,000 | 3 | 2 | 1,661 | $268 | 0.2 mi |
G 465 Center Sold 3 bd · 2 ba · 1,730 sqft · $238 · 0.8 mi | $412,500 | 3 | 2 | 1,730 | $238 | 0.8 mi |
H 210 Tammy Drive Sold 3 bd · 2 ba · 1,504 sqft · $250 · 0.9 mi | $376,000 | 3 | 2 | 1,504 | $250 | 0.9 mi |
I 3370 Harness Drive Active 4 bd · 3 ba · 2,375 sqft · $227 · 0.1 mi | $539,900 List Price | 4 | 3 | 2,375 | $227 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is 35 years old (built in 1991) and appears to be in completely original condition. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and original fixtures. While the home is functional and lacks obvious structural defects, it is highly dated throughout and requires cosmetic updates and new flooring.
PROSSTRENGTHS & OPPORTUNITIES
- Waterfront Location
Situated directly on Shaffer Lake, this property offers rare lake views and a premium 'one-of-a-kind' setting that significantly enhances its market appeal and desirability.
- Luxury Amenities
The home is equipped with high-end features including an in-home sauna, jetted tubs, a private pool, and a spacious 3-car garage, providing exceptional lifestyle value.
- Spacious & Versatile Layout
With 2,442 square feet of living space, an oversized master suite, and a den that can serve as a fifth bedroom, the floor plan offers great flexibility for growing families.
CONSRISKS & DEFICIENCIES
- Limited Yard Space
Given the footprint of the 2,442 sqft home, 3-car garage, and private pool on a 7,187 sqft lot, the remaining outdoor yard space may feel constrained for some buyers.
- Recurring HOA Costs
The property is subject to a monthly association fee of $140.56, which adds to the ongoing cost of ownership compared to similar residential properties in non-HOA areas.
About 3369 Lighthouse Court
One of a kind home on Shaffer Lake. This home boasts 4 bedrooms, 3 baths, and 2442 square feet of living space. Master Suite is over sized with an additional sitting area. Office/Den could be 5th bedroom, jetted tubs, in home sauna, 3-car garage,and even the home even has a pool. A rare find. All situated on a low traffic Cul De Sac on a 7187 square foot lot.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 7,187 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $140.56 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,442 | 1,729.899 |
| Lot Size | 7,187 | 7,465.087 |
| Price | $507.9K | $452.3K |
| Price per sq ft | $208 | $265 |
| Built year | 1991 | 1989 |
| HOA | $140.56 | $119 |
| Days on market | 42 | 62 |
Pricing History
Listed for Sale
Oct 16, 2026
$507,900
$519,900
-2% Price Drop
Initial Listing
Price Change
Oct 3, 2026
$519,900
$525,000
-1% Price Drop
Initial Listing
Price Change
Sep 12, 2026
$525,000
Initial Listing