700 Lacross Court, Modesto, CA 95351, Modesto, 95351 - 3 bed, 2 bath
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Modesto, CA 95351
This 3-bedroom, 2-bathroom single-family residence represents a High-Potential Investment Opportunity, listed at a List Price of $440,000—positioned well above the $386,717 Fair Market Value by -13%. Currently tenant-occupied at $2,495 per month, the property offers immediate cash flow with no association fees. While the home maintains a Condition Rating of 4, it requires cosmetic modernization to reach its full potential. Given the existing lease and school ratings, this is a stable, income-generating asset ideal for Buy-and-Hold Investors or rental portfolio managers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Lacross Court Subject | $440,000* List Price | 3 | 2 | 1,240 | $325 | - |
A 1121 Raymond Drive Sold | $432,000 | 3 | 2 | 1,455 | $297 | 0.6 mi |
B 1809 Taos Court Pending | $389,900 List Price | 3 | 2 | 1,198 | $325 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is functional and tenant-occupied but remains largely dated. The kitchen features original oak-style cabinetry and a dated fluorescent light box, though counters have been updated. Bathrooms show original 1980s tile accents and fixtures. While well-maintained, the home requires cosmetic modernization and minor updates to meet current market standards.
The property is currently tenant-occupied with a one-year lease at $2,495 per month, providing investors with reliable, day-one rental income and a turnkey management situation.
Situated on a 5,663 square foot corner lot, the home offers enhanced curb appeal, increased privacy, and potentially more outdoor utility compared to standard interior lots.
With no monthly association fees, the property offers lower overhead costs, which maximizes the net operating income for investors and long-term affordability for future owners.
The local elementary and middle schools are rated 3 and 2 respectively, which may deter families and negatively impact the property's long-term appreciation potential.
The existing one-year lease prevents immediate possession for owner-occupant buyers, effectively limiting the current buyer pool to real estate investors.
Welcome to 700 Lacross Ct, Modesto, CA 95351, a well-maintained 3-bedroom, 2-bathroom home featuring 1,240 square feet of living space on a 5,663 square foot corner lot. Currently tenant-occupied with a one-year lease in place at $2,495 per month, this property offers immediate and reliable cash flow for investors.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 6.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,240 | - |
| Lot Size | 5,663 | - |
| Price | $440.0K | $458.5K |
| Price per sq ft | $355 | $300 |
| Built year | 1988 | 0 |
| HOA | $0 | $0 |
| Days on market | 40 | 48 |
Jun 12, 2026
$440,000
Initial Listing
May 10, 2024
$367,000
Public Record
Apr 14, 2021
$322,000
Public Record
Nov 4, 2016
$205,000
Public Record
Jul 10, 2015
$170,000
Public Record
Jul 16, 2013
$125,000
Public Record
Feb 20, 2009
$77,000
Public Record
Jan 18, 2005
$260,000
Public Record