3600 Spruce Avenue, Ceres, CA 95307, Ceres, 95307 - 4 bed, 3 bath
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Ceres, CA 95307
This Contractor Special is a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $540,000 After-Repair Value by 17%. This valuation gap offers $90,000 in Instant Equity through planned improvements. The property carries a Condition Rating of 5, requiring a New Roof and HVAC, yet the 2,154 sqft layout on a 8,063 sqft lot provides substantial upside. With FHA 203(k) approval and contractor bids ready, this Value-Add Asset is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3600 Spruce Avenue Subject | $420,000 | 4 | 3 | 2,154 | $132 | - |
A 2202 6th Street Sold | $342,500 | 3 | 1 | 1,452 | $236 | 0.9 mi |
B 2590 Magnolia Street Pending | $375,000 List Price | 4 | 2 | 1,885 | $199 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'Contractors Special' and requires substantial rehabilitation, including a new roof and a new heating and air system. While the kitchen has seen some past updates with granite countertops and dark cabinetry, the overall condition shows significant deferred maintenance, outdated popcorn ceilings, window AC units, and worn flooring throughout, necessitating a full renovation to meet modern standards.
With an after-repair value (ARV) of $540,000 compared to the purchase price, this property offers a significant opportunity for buyers to build immediate equity through planned renovations.
The property is FHA 203(k) renovation loan approved with contractor bids already in place, allowing buyers to finance both the purchase and the extensive upgrades with a single loan.
Boasting over 2,100 square feet of living space and four bedrooms on a large 8,063 square foot lot, the home provides a substantial footprint that is rare for its price point in Ceres.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
The home requires comprehensive structural and cosmetic updates, including a new roof and HVAC system, making it unsuitable for buyers looking for a move-in-ready residence.
Having spent 146 days on the market and selling below the initial list price, the property's condition and the complexity of renovation financing likely limited its appeal to traditional buyers.
CASH OR Contractors Special FHA 203(k) Renovation Loan Approved! This is your opportunity to customize your dream home in the heart of Ceres! This spacious 4-bedroom, 2.5-bath home offers 2,154 sq. ft. of living space on a generous 8,063 sq. ft. lot. Built in 1964, the home is ready for transformation with approved bids in place from local contractors and eligibility for an FHA 203(k) renovation loan, allowing you to purchase and finance improvements with one loan. Planned upgrades include: New Roof, New Heating & Air System, Fresh Interior, Paint, New Flooring, throughout. Updated bathrooms, kitchen. This property is listed at $450,000 with an after-repair value(ARV) of $540,000. Don't miss this rare opportunity to create a like-new home with instant equity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 67% |
| Baths | 3.0 | 2.0 | 77% |
| Square foot | 2,154 | 1,526.5 | 90% |
| Lot Size | 8,063 | 6,745.5 | 73% |
| Price | $420.0K | $442.5K | 42% |
| Price per sq ft | $195 | $296 | 6% |
| Built year | 1964 | 1988 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 240 | 180 | 90% |
Oct 16, 2025
$450,000
Initial Listing
Jul 19, 2016
$257,000
Public Record
Sep 25, 2015
$235,000
Public Record
Feb 12, 2015
$106,000
Public Record