Ranch home in 5488 E Illinois Ave Fresno, CA
A Ranch home in Fresno, CA, it offers 2 bedrooms and 1.8 bathrooms across 1,146 square feet. Its Ranch character defines the property's look.
| Price | $315,000 |
|---|
| Beds | 2 |
|---|
| Baths | 1.8 |
|---|
| Sqft | 1146 |
|---|
| Architectural style | Ranch (55% match) |
|---|
| Address | 5488 E Illinois Ave Fresno, CA 93727 |
|---|
Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced below comparable homes.
- At $315K, this home is 23% below the $410K median for 1126 similar Ranch homes in Fresno, CA.
- That works out to $275 per square foot, 3% above the $266 comparable rate.
- New to market (6 days), so expect competition.
| This home | $315,000 |
|---|
| Ranch median in Fresno, CA | $410,000 (1126 homes) |
|---|
| Price per sq ft | $275 vs. $266 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,157/month with 20% down at a 7.28% 30-year fixed rate. You would need about $92,457 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,724/mo |
|---|
| Property tax (new-buyer reassessed rate) | $315/mo |
|---|
| Homeowners insurance | $118/mo |
|---|
| Total monthly | $2,157/mo |
|---|
| Down payment (20%) | $63,000 |
|---|
| Income needed | $92,457/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (74/100) |
|---|
| Beats renting in | 34% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $187,634 |
|---|
| Range (10th to 90th pct) | $121,367 to $269,450 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Fresno, CA where local data is thin.
Local home values
Typical home values in Fresno, CA have risen about 19% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto