509 Peerman Court, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
509 Peerman Court
Modesto, CA 95351
Property Price
SUMMARY
Analysis of 509 Peerman Court, Modesto, CA 95351 reveals a property with a current list price of $430,000, which is 20% above the estimated $355,664 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Modesto 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 509 Peerman Court Subject | $430,000* List Price | 3 | 2 | 1,040 | $342 | - |
A 1208 Latimer Ave Sold | $370,000 | 3 | 1 | 1,008 | $367 | 0.5 mi |
B 721 Musick Avenue Sold | $395,000 | 3 | 2 | 1,205 | $328 | 0.6 mi |
C 1516 Woodworth Avenue Sold | $352,000 | 3 | 1 | 984 | $358 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1993, this property is approximately 31 years old and appears to be in mostly original condition. While the listing describes it as charming and functional, there is no mention of recent major renovations to the kitchen or bathrooms. It fits the 'fair' criteria as a home aged between 25 to 40 years that has been maintained through regular upkeep but shows signs of being outdated compared to modern standards.
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 = 7157, living area = 1040.
- Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac, this property offers enhanced privacy and minimal through-traffic, providing a peaceful and safe environment for families.
- Generous Lot Size
The expansive 7,157 square foot lot provides significant outdoor space for gardening, entertaining, or potential future property improvements and expansions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7157, other record lot size in square feet = 7477.
- Compact Living Area
With only 1,040 square feet of living space distributed across three bedrooms, the interior may feel cramped for buyers requiring larger communal areas or spacious bedrooms.
- Market Valuation
The list price of $430,000 represents a high price per square foot for the neighborhood, which may challenge buyers looking for more interior value in the current market.
About 509 Peerman Court
This charming 3-bedroom 2-bath home is perfectly situated in a quiet cul-de-sac in Modesto. Built in 1993 it offers a functional layout with plenty of room for outdoor entertaining, gardening, or more. Enjoy quiet cul-de-sac living!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 7,157 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,040 | 1,250 | 31% |
| Lot Size | 7,157 | 6,700 | 58% |
| Price | $430.0K | $389.0K | 70% |
| Price per sq ft | $413 | $311 | 94% |
| Built year | 1993 | 1958 | 86% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 167 | 12% |
Pricing History
Listed for Sale
Dec 23, 2025
$430,000
Initial Listing
Sold
May 21, 1993
$91,000
Public Record