
Modesto, CA 95356
This Value-Add Residential Asset is listed at $529,500, positioned above the $455,755 Fair Market Value. Carrying a Fair Condition Rating, the property requires cosmetic modernization of its original 1980s finishes, presenting a clear opportunity for forced appreciation. The 1,400 sqft floor plan offers a functional 3-bedroom, 2-bathroom layout on a 6,634 sqft lot featuring a private patio. Located in a Prime Location near major medical facilities and shopping, the property benefits from high area demand. This is a strategic acquisition for Contractors or Owner-Occupants looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4005 Honey Creek Road Subject | $529,500* List Price | 3 | 2 | 1,400 | $330 | - |
A 3616 Rosanne Lane Sold | $385,000 | 3 | 2 | 1,253 | $307 | 0.5 mi |
B 4016 Blue Bird Drive Sold | $420,000 | 3 | 2 | 1,107 | $379 | 0.2 mi |
C 3733 Beachler Drive Sold | $534,000 | 3 | 2 | 1,786 | $299 | 0.4 mi |
D 4133 Gagos Drive Sold | $435,000 | 3 | 3 | 1,474 | $295 | 0.5 mi |
E 3913 Peacock Lane Active | $479,000 List Price | 4 | 2 | 1,717 | $279 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, this 41-year-old property falls into the 'fair' category as it is aged but functional. The listing description explicitly mentions it 'needs a little special touch' and has 'lots of potential,' which are standard industry indicators for a home with outdated cosmetic finishes, likely including original 1980s-style kitchen cabinetry, older appliances, and dated bathroom fixtures. While the home appears maintained, it lacks the recent extensive renovations required for a higher score and shows signs of being outdated compared to modern standards.
The property is ideally situated near major shopping centers, parks, and medical facilities, offering residents convenient access to essential services and recreation.
With a description highlighting its need for a 'special touch,' this home presents an excellent opportunity for buyers to build sweat equity through cosmetic updates and personalization.
The 3-bedroom, 2-bathroom configuration on a 6,634 square foot lot provides a highly desirable and practical footprint for families or first-time homeowners in the Modesto market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6634, other record lot size in square feet = 6534.
The listing indicates the home requires some attention and updates, which may involve additional upfront costs and labor for the buyer to bring it to modern standards.
Built in 1983, the property may feature original finishes and older systems that could require modernization to meet contemporary energy efficiency and design expectations.
Great Neighborhood, close to major shopping areas, park, Hospitals and medical facilities, Just needs a little special touch. 3/2 with lots of potential. Don't miss this one !
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,400 | 1,981 | 28% |
| Lot Size | 6,634 | 6,800 | 49% |
| Price | $529.5K | $529.5K | 50% |
| Price per sq ft | $378 | $293 | 90% |
| Built year | 1983 | 1986 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 257 | 188 | 81% |
Aug 8, 2025
$529,500
Initial Listing
Nov 26, 2014
$209,000
Public Record