5456 Homewood Way, Riverbank, CA 95367, Riverbank, 95367 - 3 bed, 2 bath
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Riverbank, CA 95367
This property presents a Strong Value Opportunity with a List Price of $399,000—positioned well below the $420,171 Fair Market Value by 5%. This valuation gap offers $21,171 in Instant Equity for buyers. With a Fair Condition Rating, the home requires cosmetic updates, including flooring and paint. Its Generous 8,442 sqft Lot and proximity to Top-Rated Schools like James C. Enochs High provide significant long-term upside. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build wealth through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5456 Homewood Way Subject | $399,000* List Price | 3 | 2 | 1,608 | $261 | - |
A 5421 Etherington Court Sold | $449,000 List Price | 4 | 3 | 1,753 | 0.1 mi | |
B 5508 Hollyhock Way Sold | $480,000 | 3 | 2 | 1,690 | $284 | 0.1 mi |
C 6007 Willow Bend Drive Sold | $420,000 List Price | 3 | 2 | 1,371 | 0.6 mi | |
D 6236 Jaguar Court Sold | $500,000 | 4 | 3 | 1,924 | $260 | 0.9 mi |
E 2518 Novi Drive Active | $515,000 List Price | 4 | 3 | 1,709 | $301 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003 (21 years old), the property fits the age criteria for 'Fair'. The interior is currently not move-in ready as all flooring has been removed to the subfloor, and the listing description explicitly mentions 'sweat equity.' While the structure and HVAC appear intact, it requires significant cosmetic updates, including new flooring, paint, and landscaping.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8442, living area = 1608.
The property is situated in a highly desirable neighborhood, conveniently located within walking distance (0.3 miles) to Crossroads Elementary and close to top-rated secondary schools.
At 8,442 square feet, the lot provides significant outdoor space compared to standard suburban parcels, offering ample room for gardening, play, or potential upgrades.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8442, other record lot size in square feet = 8276.
The explicit mention of 'sweat equity' indicates the property likely requires immediate attention to repairs or cosmetic updates that may not be move-in ready for all buyers.
With a construction date of 2003 and a need for equity-building work, the interior likely features original, aging finishes that require modernization to meet current market trends.
Here is your opportunity for a little sweat equity. Located in a great neighborhood and close to shopping, schools and parks.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 6-8 • 2.5 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,608 | - |
| Lot Size | 8,442 | - |
| Price | $399.0K | $554.0K |
| Price per sq ft | $248 | $298 |
| Built year | 2003 | 0 |
| HOA | $0 | $0 |
| Days on market | 12 | 78 |
Jul 10, 2026
$399,000
Initial Listing
Apr 21, 2016
$280,000
Public Record