I previewed some homes in the Ustach / Village One Modesto neighborhood last week.
A Mapped Listing Report of the Village One Modesto area from Metrolist Prospector provided a good overview of the Modesto Village One area. I searched for MLS listings, focusing on the area bounded by Sylvan Avenue (north), Roselle Avenue (east), Floyd Avenue (south), and Oakdale Road (west) in the initial search. zip code: 95355 Modesto.

The search of listings resulted in 27 homes near the Ustach Neighborhood Park in Village One Modesto CA. 14 of which were 'Active Short Sale Contingent' Modesto homes, 7 were 'Active Short Sale', the remaining 6 were 'Active'. Prices ranged from $199,000 to $309,900, approximately for $68 / sq. ft. to $135 / sq. ft. These Village One Modesto homes are any where from 1,600 sq ft. to 4,100 sq.ft. The homes values are much lower compared to before. These Modesto homes are very affordable for first time home buyers and investors.
I previewed some homes and drove by others and visited about 9 homes at different locations including Tabriz Dr, Palliser Way, New York Ave, Kodiak Dr, Hillglen Ave, Knightsbridge Dr, etc. Here are some photos I took on that day. All of these homes are relatively new and some are in move-in conditions.

The above photos also include Ustach Middle School on 2701 Kodiak Dr, Modesto CA (bottom photo).
When I check the MLS this week, two of the listed homes are now pending.