407 Thrasher Avenue, Modesto, CA 95354, Modesto, 95354 - 2 bed, 3 bath
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407 Thrasher Avenue
Modesto, CA 95354
ACTIVE
CONDITION: POOR
2Beds
3Baths
836Sq Ft
8,002Lot Size
Property Price
LIST PRICE$360,000
EST. MARKET VALUE
$328,470
9% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $370,000—positioned well below the $338,311 Fair Market Value by -9%. Featuring a Condition Rating of 5, the home requires a full-scale rehab, including structural and mechanical updates. The expansive 8,002 sqft lot offers significant upside for ADU development or expansion. While school ratings are modest, the high bathroom-to-bedroom ratio adds functional value. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$328,470
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 |
|---|---|---|---|---|---|---|
★ 407 Thrasher Avenue Subject | $360,000* List Price | 2 | 3 | 836 | $393 | - |
A 203 Severin Avenue Sold | $320,000 | 2 | 1 | 861 | $372 | 0.5 mi |
B 214 Ferguson Avenue Sold | $325,000 | 2 | 1 | 957 | $340 | 0.5 mi |
C 149 Severin Avenue Sold | $325,000 | 2 | 1 | 905 | $359 | 0.4 mi |
D 309 San Juan Drive Sold | $325,000 | 2 | 1 | 896 | $363 | 0.7 mi |
E 2215 Glendale Avenue Sold | $335,000 | 2 | 1 | 921 | $364 | 0.9 mi |
F 309 San Juan Drive Active | $323,000 List Price | 2 | 1 | 896 | $360 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1940 with no evidence of modern renovation. The property shows significant structural neglect including patchwork exterior siding, a dilapidated kitchen, and exposed wiring. The presence of space heaters and portable fans suggests a lack of functional central HVAC systems, necessitating a full-scale rehab.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8002, living area = 836.
- Expansive Lot Size
The property sits on a generous 8,002 sqft lot, offering significant outdoor space and excellent potential for future expansions, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
- High Bathroom-to-Bedroom Ratio
Featuring three bathrooms for a two-bedroom residence, this home provides an unusual level of convenience and privacy rarely found in properties of this size.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8002, other record lot size in square feet = 7840.
- Limited Living Area
With only 836 sqft of interior space, the home's footprint is quite compact, which may pose challenges for families or those requiring dedicated home office space.
- Lower School Ratings
The assigned elementary and middle schools have low ratings (2 and 3 respectively), which could be a deterrent for families prioritizing educational performance and may impact future resale value.
About 407 Thrasher Avenue
Discover a compelling investment opportunity at 407 Thrasher Ave, Modesto, CA. This residential property, offering 836 square feet of living space, presents a great option for investors and calls to handy homeowners ready to unlock its full potential. The bathroom provides a functional walk-in shower, offering a practical and accessible feature. The property's exterior, characterized by its charming bungalow architectural style, is complemented by a private yard. This outdoor space includes an inviting outdoor dining area, perfect for al fresco meals, and both a patio and a porch, providing versatile spaces for relaxation and entertainment. This property is a prime prospect for those seeking a rewarding project and a strategic addition to their portfolio.The unit in the back makes this property a great investment opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1940
- Lot Size
- 8,002 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Orville Wright Elementary School
Grades K-6 • 0.4 mi
2/10
La Loma Junior High School
Grades 7-8 • 0.8 mi
3/10
Peter Johansen High School
Grades 9-12 • 3.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 836 | 1,592.041 |
| Lot Size | 8,002 | 6,846.312 |
| Price | $360.0K | $462.1K |
| Price per sq ft | $431 | $298 |
| Built year | 1940 | 1977 |
| HOA | $0 | $155 |
| Days on market | 35 | 50 |
Pricing History
Listed for Sale
Aug 31, 2026
$360,000
$370,000
-3% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$370,000
Initial Listing
Sold
May 13, 2014
$63,000
Public Record