1501 North Avenue, Sacramento, CA 95838, Sacramento, 95838 - 2 bed, 1 bath
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1501 North Avenue
Sacramento, CA 95838
ACTIVE
CONDITION: FAIR
2Beds
1Baths
768Sq Ft
5,397Lot Size
Property Price
LIST PRICE$295,000
EST. MARKET VALUE
$301,875
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $295,000—positioned well below the $297,126 Fair Market Value by 0.71%. This valuation gap offers $2,126 in Instant Equity for buyers. With a Condition Rating of 4, the home requires TLC, providing a clear path for value-add renovations. The 5,397 sqft lot with RV drain line adds significant utility. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project in a commuter-friendly location.
Estimated Market Value
$301,875
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 North Avenue Subject | $295,000* List Price | 2 | 1 | 768 | $393 | - |
A 1672 Rosalind Street Sold | $322,000 | 2 | 1 | 821 | $392 | 0.7 mi |
B 421 Macarthur Street Sold | $295,000 | 2 | 1 | 624 | $473 | 0.4 mi |
C 1113 1113 Rivera Dr Sold | $339,000 | 2 | 1 | 973 | $348 | 0.9 mi |
D 1501 North Avenue Active | $295,000 List Price | 2 | 1 | 768 | $384 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979 (45 years old), the property exceeds the 20-year threshold for datedness. The listing explicitly mentions the need for 'TLC,' indicating that while functional as a starter home, the kitchen, bathroom, and systems likely require updates and minor repairs to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Affordability
Priced under $300,000 with a recent reduction, this property represents a highly accessible entry point for first-time buyers or investors in the Sacramento market.
- Functional Outdoor Space
The generous 5,397 sqft lot includes a rare RV drain line and ample room for gardening or entertaining, offering significant utility for a home of this size.
- Commuter Convenience
Ideally located right off the I-80 freeway, the property provides excellent access to major transportation routes, simplifying daily commutes to downtown Sacramento and surrounding areas.
CONSRISKS & DEFICIENCIES
- Required Improvements
The property is noted as needing 'TLC,' indicating that buyers should budget for immediate cosmetic or functional repairs to bring the home to its full potential.
- Limited Interior Footprint
At just 768 square feet, the living space is quite compact, which may pose challenges for those requiring larger rooms or significant indoor storage.
About 1501 North Avenue
Price Recently Reduced Come and get it before it's gone!! Cute Starter home conveniently located right off of the 80 freeway. With a Little TLC this house has amazing potential. Come step inside a bright and airy living space. Complemented by a thoughtful layout that gives you both comfort and flow. The home features two well-sized bedrooms, a full bathroom, and a cozy living area perfect for relaxing or entertaining. The kitchen offers ample cabinet space and room for dinning, making it both practical and welcoming. Outside, the driveway has a RV drain line ready for use. Enjoy a spacious yard-perfect for gardening, outdoor gatherings, or simply unwinding in your own private space. Conveniently located near local parks, schools, shopping, and dinning, this home also provides easy access to major highways, making commuting a breeze. Highlights: - 2 Bedrooms, 1 Bathroom - Nice, open living area - Spacious yard - Great Sacramento location - Close to amenities and transportation Don't miss this opportunity to own a charming home in the growing city of Sacramento. Also termite, roof ,and home inspection reports available upon request.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 5,397 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Michael J. Castori Elementary School
Grades K-6 • 0.7 mi
5/10
Bell Avenue Elementary School
Grades K-6 • 0.8 mi
5/10
Main Avenue Elementary School
Grades K-6 • 1.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 768 | 1,540.857 |
| Lot Size | 5,397 | 6,330.116 |
| Price | $295.0K | $508.1K |
| Price per sq ft | $384 | $333 |
| Built year | 1979 | 1975 |
| HOA | $0 | $128 |
| Days on market | 40 | 45 |
Pricing History
Listed for Sale
Jul 31, 2026
$295,000
Initial Listing
Sold
Jan 30, 2023
$274,000
Public Record
Sold
Apr 29, 2016
$70,000
Public Record
Sold
Sep 19, 2013
$55,000
Public Record