
Walnut Grove, CA 95690
This Versatile R3 Zoned Property is a High-Potential Investment Opportunity, listed at $499,900—positioned well below the $520,277 Fair Market Value by 3%. This valuation gap offers $20,377 in Instant Equity. Featuring a Condition Rating of 2, the home offers a Historic Modern Fusion with updated granite finishes and a partial river view. Its dual-level layout provides exceptional flexibility for commercial or residential use. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a live-work lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1280 B St Subject 3 bd · 2 ba · 3,125 sqft · $166 | $499,900* List Price | 3 | 2 | 3,125 | $166 | - |
A 1264 B Street Active 5 bd · 4 ba · 2,624 sqft · $171 · 0.0 mi | $450,000 List Price | 5 | 4 | 2,624 | $171 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1914, the property has undergone a meticulous restoration and modern renovation. The kitchen features contemporary granite countertops, custom cabinetry, and updated appliances. Bathrooms are fully modernized with a soaking tub and walk-in shower. The presence of high-quality hardwood floors, soaring ceilings, and visible modern HVAC venting indicates a comprehensive update within the last 5 years, leaving the home in mint, move-in condition.
The property features R3 zoning and a dual-level layout, offering exceptional potential for multi-unit residential use, a home business, or commercial retail space.
Meticulously restored 1914 architecture combines soaring ceilings and original hardwood floors with modern upgrades like granite countertops and a luxury soaking tub.
Situated just steps from the Sacramento River, the property offers a desirable lifestyle while uniquely benefiting from being located outside of a designated flood zone.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2614, living area = 3125.
With a building size of 3,125 sqft on a 2,614 sqft lot, there is minimal private yard space or outdoor area, which may limit appeal for traditional residential buyers.
The current list price of $499,900 is significantly lower than the 2022 sale price of $535,000, indicating a potential decline in local market value or equity.
Own a unique piece of history just steps from the Sacramento River! This beautifully updated property combines timeless character with modern updates and exceptional versatility being zoned R3. Featuring dual zoning, the property offers exciting potential for multi unit, or commercial use on the street level with comfortable residential living upstairs, making it ideal for entrepreneurs, investors, or those seeking a live-work lifestyle. The meticulously restored building preserves its historic charm while offering contemporary amenities throughout. The lower level presents endless possibilities as living space, or a home business, boutique retail space, professional office, studio, or other commercial ventures. Upstairs, you'll find soaring ceilings, gorgeous hardwood floors, and an inviting open-concept living space. The spacious kitchen features granite countertops, updated appliances, custom cabinetry, and an island. The full bathroom includes a luxurious soaking tub and a walk-in shower. The generously sized bedrooms showcase beautiful wood flooring, high ceilings, and custom built-ins. The main level can easily serve as living space including additional bedrooms, guest room, office or workspace. Located near the scenic Sacramento River and notably not in a flood zone, this one-of-a-kind property offers endless possibilities to create your dream home, business, or investment. Historic charm, modern comfort, and incredible potential come together in this must-see opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 5.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 3,125 | 3,595 |
| Lot Size | 2,614 | 310,583 |
| Price | $499.9K | $1.12M |
| Price per sq ft | $160 | $322 |
| Built year | 1914 | 1928 |
| HOA | $0 | $0 |
| Days on market | 23 | 231 |
Oct 1, 2026
$499,900
Initial Listing
Sep 28, 2022
$535,000
Public Record