506 W Terrace Avenue, Fresno, California 93705, Fresno, 93705 - 4 bed, 3 bath

506 W Terrace Avenue, Fresno, California 93705 home-pic-0

506 W Terrace Avenue

Fresno, California 93705

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
3Baths
2,244Sq Ft
8,437Lot Size

Property Price

LIST PRICE$485,000

SUMMARY

Analysis of 506 W Terrace Avenue, Fresno, California 93705 is currently available with a list price of $485,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Fresno Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Despite being built in 1952, this property has undergone extensive and recent renovations, making it virtually new in terms of condition and style. The kitchen features new custom white cabinetry, quartz countertops, and stainless steel appliances. Bathrooms are fully remodeled with floor-to-ceiling tile, quartz-top vanities, and modern fixtures. The entire home boasts brand-new LVP flooring, fresh interior and exterior paint, new dual-pane windows, updated LED lighting, and a new split AC and heating system. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' criteria for a recently and extensively renovated property.

PROSSTRENGTHS & OPPORTUNITIES

  • Extensive Modern Updates

    The property boasts fresh interior/exterior paint, new LVP flooring, a new split AC/heating system, new dual-pane windows, and updated LED lighting/switches/outlets, making it truly move-in ready and energy efficient.

  • Updated Kitchen & Bathrooms

    Features a modern kitchen with new custom cabinetry, quartz countertops, stainless steel appliances, and a walk-in pantry. Bathrooms are also remodeled with high-end finishes, including a walk-in shower and double quartz vanities.

  • Versatile Living Spaces

    Offers highly flexible areas including a back bedroom adaptable as an owner's suite or office, a 210 sq. ft. basement for various uses (gym, storage, hobby), and a front flex room, catering to diverse lifestyle needs.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 2244, other record living area = 2336.

  • Age of Original Structure

    Despite extensive updates, the home was built in 1952, meaning the core structure is over 70 years old, which could imply potential for older infrastructure (e.g., original plumbing, electrical beyond cosmetic updates, roof) not explicitly mentioned as fully replaced.

  • Limited Dedicated Outdoor Living Space

    While there are side yards and a private courtyard, the description does not highlight a significant, dedicated outdoor entertaining area like a large patio, deck, or extensively landscaped garden, which some buyers may desire.

About 506 W Terrace Avenue

Welcome to 506 W Terrace Ave, a charming and beautifully refreshed home in the heart of Fresno. Situated near historic Fresno High School, this move-in-ready property blends classic character with modern comfort, offering a bright and inviting atmosphere from the moment you step inside. Large windows fill the home with natural light, highlighting a spacious layout that adapts easily to your lifestyle. The generous living room creates an ideal setting for both relaxing and entertaining. The updated kitchen stands out with new custom white cabinetry, quartz countertops, stainless steel appliances, a stainless steel sink, and a walk-in pantry—perfect for anyone who enjoys cooking or hosting. The home features fresh interior and exterior paint and brand-new LVP flooring throughout. A new split AC and heating system allows each room to maintain its own ideal temperature, while new dual-pane windows help improve comfort and energy efficiency. Updated LED lighting, switches, and outlets add a clean, modern finish. The back bedroom offers excellent flexibility—use it as an owner’s suite, private office, cozy den, or even a next-gen living space with access to its own side courtyard. The adjoining remodeled bathroom includes a spacious walk-in shower with floor-to-ceiling tile and a quartz-top vanity. Down the hallway, you’ll find a full bath with a double quartz vanity and tiled tub/shower, plus an additional half bath for added convenience. Additional bonus spaces extend the home’s versatility. A 210 sq. ft. basement is ideal for a home gym, storage, hobby room, or man-cave. A front room off the kitchen can serve as a dining room, office, bedroom, or flex space. The oversized 801 sq. ft. two-car garage provides substantial parking, workspace, and a laundry/utility area. The property also includes covered RV parking for two vehicles, a long side yard great for pets, and a private courtyard on the opposite side of the lot. Built with high-quality masonry by a former fire department chief, this home was crafted to last. The neighborhood is known for its long-time residents, welcoming feel, and easy access to shopping, restaurants, and major freeways. Thoughtfully updated and ready for its next owner, this home offers comfort, flexibility, and charm throughout. Schedule your private showing today.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1952
Lot Size
8,437 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
91%
Baths3.02.0
91%
Square foot2,2441,340
91%
Lot Size8,4377,638
82%
Price$485.0K$325.0K
91%
Price per sq ft$216$248
36%
Built year19521956
36%
HOA$0$0
50%
Days on market113144
18%

Pricing History

Listed for Sale

Jan 25, 2026

$485,000

$498,500

-3% Price Drop

Initial Listing

Price Change

Nov 14, 2025

$498,500

Initial Listing

Sold

Oct 10, 2024

$312,000

Public Record

Sold

Oct 10, 2024

$270,000

Public Record

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