805 Perlette Way, Modesto, CA 95356, Modesto, 95356 - 2 bed, 2 bath
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805 Perlette Way
Modesto, CA 95356
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,029Sq Ft
4,508Lot Size
Property Price
LIST PRICE$370,000
EST. MARKET VALUE
$365,842
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $370,000—positioned well below the $365,842 Fair Market Value by -1.1%. While the home requires cosmetic updates, its Fair Condition Rating and 1986 build offer a clear path to forced appreciation. Featuring private courtyards and an extra-long driveway, the asset provides unique functional utility. Located near Woodrow Elementary and Grace M. Davis High, this is a value-add acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through renovation.
Estimated Market Value
$365,842
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 |
|---|---|---|---|---|---|---|
★ 805 Perlette Way Subject | $370,000* List Price | 2 | 2 | 1,029 | $356 | - |
A 832 Pennington Place Sold | $430,000 | 3 | 2 | 1,208 | $356 | 0.3 mi |
B 800 W Union Avenue Active | $415,000 List Price | 2 | 2 | 1,018 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1986 (38 years old) and appears to retain its original 1980s features, including oak cabinetry, laminate countertops, and popcorn ceilings. Per the criteria, homes >30 years old without significant renovations are rated poor; the listing description confirms this by highlighting 'potential' and 'opportunity' for those with 'creative vision' to add value.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Living
Both bedrooms feature direct access to their own private courtyard areas, providing a unique indoor-outdoor flow and secluded spaces for relaxation or entertaining.
- Competitive Value & No HOA
Priced to move quickly at $370,000 with no monthly association fees, this property offers an affordable entry point for first-time buyers or savvy investors.
- Ample Parking Capacity
The property includes an extra-long driveway, offering significant off-street parking options or potential for additional storage that is rare for a home of this size.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4508, other record lot size in square feet = 4356.
- Renovation Required
The home requires cosmetic updates and exterior design work, meaning buyers will need to budget for additional time and capital to modernize the property.
- Compact Living Space
At just 1,029 square feet, the interior footprint is relatively small, which may limit appeal for growing families or those requiring a home office space.
About 805 Perlette Way
Location, Opportunity & Exceptional Value! Priced to move quickly... Don't miss this opportunity while it's still on the market! This charming 2-bedroom, 2-bathroom home offers a wonderful blend of privacy, comfort, and potential. Both bedrooms feature direct access to their own private courtyard areas, creating inviting outdoor spaces perfect for relaxing, entertaining, or enjoying your morning coffee. With your personal touches, creative vision, and a little exterior design inspiration, this private home has the potential to truly shine. Whether you're looking for a place to call home or an opportunity to add your own style and value, this one is worth a look. Extra long driveway gives you options! Come see the possibilities before it's gone!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 4,508 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Modesto Unified Schools
Woodrow Elementary School
Grades K-5 • 0.6 mi
5/10
Somerset Middle School
Grades 6-8 • 1.7 mi
5/10
Grace M. Davis High School
Grades 9-12 • 0.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,029 | 1,592.041 |
| Lot Size | 4,508 | 6,846.312 |
| Price | $370.0K | $462.1K |
| Price per sq ft | $360 | $298 |
| Built year | 1986 | 1977 |
| HOA | $0 | $155 |
| Days on market | 6 | 50 |
Pricing History
Listed for Sale
Sep 3, 2026
$370,000
Initial Listing
Sold
Aug 7, 2015
$190,000
Public Record