537 Melrose Street, Modesto, CA 95354, Modesto, 95354 - 3 bed, 1 bath
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537 Melrose Street
Modesto, CA 95354
ACTIVE
CONDITION: GOOD
3Beds
1Baths
1,248Sq Ft
7,000Lot Size
Property Price
LIST PRICE$409,000
EST. MARKET VALUE
$408,455
SUMMARY
This Classic 1915 Craftsman is a Strong Value Opportunity, listed at $409,000—positioned well below the $408,455 Fair Market Value (effectively at market). The property maintains a Condition Rating of 3, bolstered by significant infrastructure updates including a 2019 HVAC system, new electrical panel, and 2024 relined water lines. With a 7,000 SF lot and private backyard, this home offers a blend of historic character and modern reliability. It is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home near downtown.
Estimated Market Value
$408,455
Based on Realkey algorithm analyzing recent comparable sales in Modesto.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 537 Melrose Street Subject | $409,000* List Price | 3 | 1 | 1,248 | $327 | - |
A 623 Chabot Avenue Sold | $390,000 | 3 | 1 | 1,474 | $265 | 0.1 mi |
B 623 Chabot Sold | $390,000 | 3 | 1 | 1,474 | $265 | 0.1 mi |
C 414 Melrose Street Sold | $392,000 | 2 | 1 | 1,015 | $386 | 0.1 mi |
D 334 Semple Street Sold | $350,000 | 2 | 2 | 906 | $386 | 0.3 mi |
E 405 E Morris Avenue Sold | $350,000 | 2 | 1 | 911 | $384 | 0.1 mi |
F 320 N Santa Cruz Avenue Sold | $425,000 | 2 | 1 | 1,120 | $379 | 1.0 mi |
G 227 Walden Street Sold | $515,000 | 3 | 2 | 1,626 | $317 | 0.8 mi |
H 526 Melrose Street Active | $469,000 List Price | 3 | 2 | 1,327 | $353 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite its 1915 build date, the property is exceptionally well-maintained with major system updates including a new HVAC (2019), new electrical panel, and relined water lines (2024). The kitchen features functional updates like stone counters and stainless appliances, making it move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Historic Craftsman Charm
The home retains its original 1915 character with glass-front built-ins and classic architectural details, offering a unique aesthetic that is highly sought after in the downtown area.
- Modern Infrastructure Upgrades
Key systems have been recently updated, including a new HVAC and ductwork (2019), a new electrical panel, and relined water lines (2024), significantly reducing immediate maintenance concerns for a century-old home.
- Prime Location and Lot
Situated on a generous 7,000 SF lot with mature landscaping, the property is within walking distance to downtown Modesto, providing excellent urban accessibility and ample outdoor space.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With three bedrooms and a potential fourth, the single bathroom may be a significant constraint for larger families or those seeking modern convenience.
- Single-Car Garage
The detached one-car garage offers limited covered parking and storage space, which may be insufficient for modern households with multiple vehicles.
About 537 Melrose Street
Classic 1915 Craftsman charm in this adorable downtown-adjacent home. Lovingly cared for by the same family for 80 years!! From the moment you arrive, the original character stands out! The living area features glass front built-ins and flows into a formal dining/great room space. Three comfortable bedrooms and one spacious centrally located bathroom with tub. A large utility room - perfect for a home office, craft room, or potential fourth bedroom. Long driveway offers ample parking and the one-car detached garage comes with built-in EV charger! Roof replaced 2006. Brand new HVAC and duct work in 2019. Water lines coated/relined 2024. Windows installed 2011. Brand new electrical panel. Set on a deep, 7000 SF lot, the property features mature landscaping and a private backyard with plenty of space for outdoor living/entertaining. Best of all, you are just a short walk from downtown Modesto!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1915
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,248 | 1,592.041 |
| Lot Size | 7,000 | 6,846.312 |
| Price | $409.0K | $462.1K |
| Price per sq ft | $328 | $298 |
| Built year | 1915 | 1977 |
| HOA | $0 | $155 |
| Days on market | 12 | 50 |
Pricing History
Listed for Sale
Aug 28, 2026
$409,000
Initial Listing