537 Bonanza Dr, Newman, CA 95360, Newman, 95360 - 4 bed, 2 bath
537 Bonanza Dr
Newman, CA 95360
Property Price
SUMMARY
Analysis of 537 Bonanza Dr, Newman, CA 95360 reveals a property with a current list price of $490,000, which is 18% above the estimated $412,720 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 Newman 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 |
|---|---|---|---|---|---|---|
★ 537 Bonanza Dr Subject | $490,000* List Price | 4 | 2 | 1,820 | $227 | - |
A 1166 Labrador Court Sold | $471,500 | 4 | 3 | 2,148 | $220 | 0.6 mi |
B 1342 Canyon Creek Drive Sold | $430,000 | 4 | 3 | 2,261 | $190 | 1.0 mi |
C 317 Northampton Way Sold | $485,000 | 3 | 2 | 2,091 | $232 | 0.9 mi |
D 1263 Duck Blind Circle Sold | $395,000 | 3 | 2 | 1,486 | $266 | 0.5 mi |
E 1166 Labrador Court Active | $489,950 List Price | 4 | 3 | 2,148 | $228 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2003, the property is now over 20 years old, placing it in the 'fair' category based on the provided criteria. While the home is well-maintained and features a desirable open floor plan and three-car garage, the kitchen and bathroom components appear to be original to the construction date. The property shows signs of being stylistically outdated compared to modern standards and has not undergone the extensive recent renovations required for a higher score.
PROSSTRENGTHS & OPPORTUNITIES
- Three-Car Garage
The inclusion of a three-car garage is a significant asset, providing ample space for multiple vehicles, a home workshop, or additional storage needs.
- Modern Open Layout
Built in 2003, the home features a contemporary open floor plan across 1,820 square feet, creating a spacious and inviting atmosphere for family living and entertaining.
- No HOA Fees
The property has no association fees, offering the homeowner greater financial flexibility and freedom from restrictive community covenants.
CONSRISKS & DEFICIENCIES
- Average School Rating
The assigned high school has a rating of 5, which may be a drawback for buyers specifically seeking top-tier educational districts.
- Proportional Lot Size
With a 6,000 square foot lot housing a large footprint and a three-car garage, the remaining backyard space may be limited for those desiring expansive outdoor areas.
About 537 Bonanza Dr
Spacious with an open floor layout. 4 bedroom 2 bath home with 3 car garage. Perfect home for those looking for a comfortable living space.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 6,000 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newman Unified Schools
Orestimba High School
Grades 9-12 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,820 | 1,486 | 69% |
| Lot Size | 6,000 | 5,998 | 56% |
| Price | $490.0K | $409.0K | 84% |
| Price per sq ft | $269 | $286 | 40% |
| Built year | 2003 | 2005 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 191 | 2% |
Pricing History
Listed for Sale
Jan 29, 2026
$490,000
Initial Listing
Sold
Aug 3, 2012
$133,000
Public Record
Sold
Dec 27, 2010
$130,000
Public Record