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

506 W Terrace Avenue
Fresno, California 93705
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 91% |
| Baths | 3.0 | 2.0 | 91% |
| Square foot | 2,244 | 1,340 | 91% |
| Lot Size | 8,437 | 7,638 | 82% |
| Price | $485.0K | $325.0K | 91% |
| Price per sq ft | $216 | $248 | 36% |
| Built year | 1952 | 1956 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 144 | 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

















































