
Modesto, CA 95354
This Versatile Single-Family Residence represents a Strong Value Opportunity, listed at $499,000—positioned above the $471,693 Fair Market Value. Despite the premium, the property features a Mint Condition Rating following comprehensive modern renovations. Key assets include a 20' x 30' detached shop, a converted garage with full bath, and the rare ability for qualified buyers to assume a 2.875% VA loan. Located near La Loma Junior High, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term financing stability and flexible utility.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 409 Severin Ave Subject 2 bd · 2 ba · 1,372 sqft · $344 | $499,000* List Price | 2 | 2 | 1,372 | $344 | - |
A 320 N Santa Cruz Avenue Sold 2 bd · 1 ba · 1,120 sqft · $379 · 0.2 mi | $425,000 | 2 | 1 | 1,120 | $379 | 0.2 mi |
B 131 Loma Vista Way Sold 3 bd · 3 ba · 1,461 sqft · $308 · 0.9 mi | $450,000 | 3 | 3 | 1,461 | $308 | 0.9 mi |
C 2036 Shaw Avenue Sold 3 bd · 2 ba · 1,294 sqft · $328 · 0.5 mi | $425,000 | 3 | 2 | 1,294 | $328 | 0.5 mi |
D 408 Thrasher Avenue Sold 2 bd · 1 ba · 1,085 sqft · $341 · 0.7 mi | $370,000 | 2 | 1 | 1,085 | $341 | 0.7 mi |
E 227 Walden Street Sold 3 bd · 2 ba · 1,626 sqft · $317 · 0.9 mi | $515,000 | 3 | 2 | 1,626 | $317 | 0.9 mi |
F 2021 Shaw Avenue Sold 3 bd · 2 ba · 1,300 sqft · $323 · 0.5 mi | $420,000 | 3 | 2 | 1,300 | $323 | 0.5 mi |
G 337 Camellia Way Active 3 bd · 2 ba · 1,164 sqft · $399 · 0.1 mi | $465,000 List Price | 3 | 2 | 1,164 | $399 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1948, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen is fully updated with white shaker cabinets, stone counters, and stainless appliances. The home features new LVP flooring, recessed lighting, upgraded electrical service, and a modernized primary bath. Extensive exterior concrete work and a well-maintained detached shop further support the mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7440, living area = 1372.
The potential for a qualified buyer to assume an existing VA loan at a 2.875% interest rate offers a massive financial advantage and monthly savings compared to current market rates.
The property features a substantial 20' x 30' detached rear shop and a converted garage with a full bath, providing rare flexibility for workshops, home offices, or guest quarters.
The listing requires buyers to independently verify permits and square footage for converted areas, which may pose risks regarding compliance or future appraisal values.
With only two bedrooms in the main residence, the layout may be less appealing to larger families or buyers seeking a traditional three-bedroom floor plan.
Welcome to 409 Severin Avecharming from the curb, but far from ordinary! The approximately 1,372 sq. ft. main residence offers 2 bedrooms and 2 baths, while the converted garage area adds a flex room with a full bath. Create a private office, guest retreat, hobby studio, workout roomor a space where you can literally flex your muscles. The showstopper is the detached 20' x 30' workshop, offering room for automotive projects, woodworking, equipment, storage, or the serious hobby you have been waiting to pursue. Extensive concrete driveways, walkways and side-yard improvements add convenience and valuable usable space. Additional improvements include upgraded electrical service, fencing, landscaping, a walk-in shower in the primary bath, and numerous repairs and updates throughout the property. Qualified VA-eligible buyers may have the opportunity to assume the seller's existing VA loan at a 2.875% interest rate and 2.904% APR, subject to loan-servicer and VA approval, buyer qualification, sufficient entitlement and verification of all loan terms. Buyer must have funds available to cover the difference between the purchase price and remaining loan balance. Buyer to independently verify permits, square footage, bedroom and bath count, and the suitability and intended use of all converted or additional spaces.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades 7-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,372 | 1,595.344 |
| Lot Size | 7,440 | 6,731.123 |
| Price | $499.0K | $461.9K |
| Price per sq ft | $364 | $295 |
| Built year | 1948 | 1976 |
| HOA | $0 | $147 |
| Days on market | 67 | 52 |
Sep 9, 2026
$499,000
Initial Listing
Apr 27, 2023
$449,000
Public Record
Jan 25, 2022
$445,000
Public Record
Jun 29, 2018
$220,000
Public Record
Dec 12, 2002
$157,000
Public Record