3405 Penny Lane, Modesto, CA 95354, Modesto, 95354 - 3 bed, 2 bath
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3405 Penny Lane
Modesto, CA 95354
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,289Sq Ft
5,036Lot Size
Property Price
LIST PRICE$420,000
EST. MARKET VALUE
$402,284
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $420,000—positioned above the $402,285 Fair Market Value. While the property is priced slightly above market, its Fair Condition Rating and 1993 construction offer a solid foundation for value-add cosmetic updates. The home features a functional 3-bedroom layout and a private patio, providing immediate utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build long-term equity through strategic modernization in a convenient, amenity-rich Modesto location.
Estimated Market Value
$402,284
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3405 Penny Lane Subject | $420,000* List Price | 3 | 2 | 1,289 | $312 | - |
A 416 Mid Pines Way Sold | $450,000 | 3 | 2 | 1,356 | $332 | 0.1 mi |
B 417 Mid Pines Way Sold | $430,000 | 3 | 2 | 1,500 | $287 | 0.1 mi |
C 3117 Gibson Way Sold | $410,000 | 3 | 2 | 1,228 | $334 | 0.5 mi |
D 405 San Andreas Court Sold | $410,000 | 3 | 2 | 1,679 | $244 | 0.2 mi |
E 304 Los Verdes Ct Sold | $336,000 | 2 | 2 | 1,197 | $281 | 0.8 mi |
F 3424 Penny Lane Active | $439,999 List Price | 3 | 2 | 1,101 | $400 | 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.
Built in 1993, this property is over 30 years old and maintains much of its original character. While the interior appears clean and functional with some flooring updates, the kitchen and overall aesthetic are dated, fitting the 'Fair' criteria for homes over 20 years old needing modernization. The listing description's mention of 'potential to make it your own' further confirms it is a candidate for cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated near essential amenities including shopping, dining, schools, and parks, offering high convenience for families and commuters.
- No HOA Fees
With an association fee of $0, homeowners benefit from lower monthly carrying costs and freedom from the restrictive covenants often found in managed communities.
- Modern Functional Layout
Built in 1993, the home features a contemporary 3-bedroom, 2-bathroom configuration that provides a more efficient and desirable floor plan than older area inventory.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5036, other record lot size in square feet = 4791.
- Limited Living Space
At 1,289 square feet, the interior may feel restrictive for larger households or those requiring dedicated space for a home office or guest room.
- Potential for Cosmetic Updates
The listing's emphasis on 'potential to make it your own' suggests that the interior finishes may be dated, likely requiring additional buyer investment to modernize.
About 3405 Penny Lane
Welcome Home to 3405 Penny Lane! 🏡✨ This inviting Modesto home is ready for it's new owners! Step inside and discover a comfortable space with a welcoming atmosphere that makes you feel right at home. With a functional layout and plenty of potential to make it your own, this property is a wonderful opportunity for buyers looking for a place to settle in and create lasting memories. Enjoy the convenience of location, with everyday shopping, dining, schools, parks, and amenities nearby. Whether you're a first-time buyer, growing household, or simply looking for a home that's ready for its next chapter, 3405 Penny Lane is ready to welcome you home
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 5,036 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,289 | 1,592.041 |
| Lot Size | 5,036 | 6,846.312 |
| Price | $420.0K | $462.1K |
| Price per sq ft | $326 | $298 |
| Built year | 1993 | 1977 |
| HOA | $0 | $155 |
| Days on market | 9 | 50 |
Pricing History
Listed for Sale
Aug 31, 2026
$420,000
Initial Listing
Sold
Oct 19, 2020
$325,000
Public Record