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

506 W Terrace Avenue, Fresno, California 93705 home-pic-0
ACTIVE$498,500
506 W Terrace Avenue, Fresno, California 93705
4Beds
3Baths
2,336Sqft
8,437Lot

Price Vs. Estimate

The estimated value ($498,500) is $0 (0%) lower than the list price ($498,500). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Modern Remodel: The home is fully remodeled with brand-new custom cabinetry, sleek countertops, luxury vinyl plank flooring, stylish bathroom tile, new stainless-steel appliances, dual-pane vinyl windows, and a new HVAC system, making it move-in ready and comfortable.
Top Cons:
Lack of Scenic Views: The property explicitly states 'None' for views, which may be a drawback for buyers prioritizing scenic outlooks or specific landscape features.

Compared to the nearby listings

Price:$498.5K vs avg $328.0K (+$170,500)91%
Size:2,336 sqft vs avg 1,448 sqft91%
Price/sqft:$213 vs avg $22536%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, this property has undergone a comprehensive and recent 'full remodel' as stated in the description. It features brand-new custom cabinetry, sleek countertops, luxury vinyl plank flooring, stylish bathroom tile, new stainless-steel appliances, dual-pane vinyl windows, and a new HVAC system. The images confirm a modern, high-quality renovation throughout the kitchen, bathrooms, and living areas, with all components appearing new or virtually new and meeting current quality standards. This extensive renovation within the last 5 years qualifies it for an 'Excellent' rating.
Year Built
1952
Close
-
List price
$499K
Original List price
$529K
Price/Sqft
$213
HOA
-
Days on market
-
Sold On
-
MLS number
OC25173113
Home ConditionExcellent
Features
Patio
View-

About this home

Move-in ready and fully remodeled, this spacious 4-bedroom, 2.5-bath home offers 2,336 square feet of beautiful living space on a desirable corner lot in a central location, originally built by a former fire chief as his own residence with high-quality masonry construction and a durable tile roof, showcasing pride of ownership and craftsmanship throughout. Inside you’ll find a completely updated interior with brand-new custom cabinetry, sleek countertops, luxury vinyl plank flooring, stylish bathroom tile, new stainless-steel appliances, dual-pane vinyl windows, and a new HVAC system for year-round comfort. The home also includes an oversized two-car garage plus covered RV parking, a handy basement for extra storage or hobby space, and a freshly re-seeded front lawn that adds great curb appeal. Already professionally inspected and appraised for peace of mind, this one-of-a-kind property combines quality, history, and modern comfort, and to make it even better, the seller is willing to CONTRIBUTE for BUYER'S CLOSING COSTS/int. rate buydown, making this move-in ready home an exceptional value and opportunity you won’t want to miss.

Condition Rating
Excellent

Despite being built in 1952, this property has undergone a comprehensive and recent 'full remodel' as stated in the description. It features brand-new custom cabinetry, sleek countertops, luxury vinyl plank flooring, stylish bathroom tile, new stainless-steel appliances, dual-pane vinyl windows, and a new HVAC system. The images confirm a modern, high-quality renovation throughout the kitchen, bathrooms, and living areas, with all components appearing new or virtually new and meeting current quality standards. This extensive renovation within the last 5 years qualifies it for an 'Excellent' rating.
Pros & Cons

Pros

Extensive Modern Remodel: The home is fully remodeled with brand-new custom cabinetry, sleek countertops, luxury vinyl plank flooring, stylish bathroom tile, new stainless-steel appliances, dual-pane vinyl windows, and a new HVAC system, making it move-in ready and comfortable.
Quality Construction & Durability: Originally built by a fire chief with high-quality masonry construction and a durable tile roof, the property showcases robust build quality and long-term durability.
Ample Parking & Storage: Features an oversized two-car garage, covered RV parking, and a handy basement, providing significant utility for vehicles, hobbies, and extra storage.
Desirable Lot & Location: Situated on a desirable corner lot in a central Fresno location, offering potential for more space, privacy, and convenient access to amenities.
Buyer Incentives & Peace of Mind: The seller is willing to contribute to buyer's closing costs/interest rate buydown, and the property has been professionally inspected and appraised, offering financial benefits and reduced buyer risk.

Cons

Lack of Scenic Views: The property explicitly states 'None' for views, which may be a drawback for buyers prioritizing scenic outlooks or specific landscape features.
Age of Original Structure: Despite extensive remodeling, the home's original construction dates back to 1952, which might deter buyers who prefer brand-new construction or very contemporary architectural styles from the ground up.
Price Reduction History: The property has undergone a price reduction from its original list price, which could suggest initial overpricing or a longer market time, potentially raising questions for prospective buyers.

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