
Sacramento, CA 95822
This Single Family Residence is a Strong Value Opportunity, listed at $369,900—positioned well below the $398,328 Fair Market Value by 7%. This valuation gap offers $28,428 in Instant Equity. With a Condition Rating of 3, the home features a modernized kitchen and updated plumbing, while offering significant upside through unpermitted square footage. Located near Crocker/Riverside Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build wealth through strategic cosmetic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1542 38th Ave Subject 3 bd · 3 ba · 1,107 sqft · $316 | $350,000* List Price | 3 | 3 | 1,107 | $316 | - |
A 5660 Jacks Lane Sold 3 bd · 1 ba · 1,162 sqft · $349 · 1.0 mi | $406,000 | 3 | 1 | 1,162 | $349 | 1.0 mi |
B 5676 James Way Sold 4 bd · 2 ba · 1,411 sqft · $296 · 0.9 mi | $418,000 | 4 | 2 | 1,411 | $296 | 0.9 mi |
C 1536 38th Ave Active 3 bd · 2 ba · 1,300 sqft · $300 · 0.0 mi | $389,900 List Price | 3 | 2 | 1,300 | $300 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1950, the property has undergone significant recent renovations including a beautifully updated kitchen, substantially updated bathrooms, and plumbing improvements. The presence of vinyl windows and completed 'big-ticket' interior items makes it move-in ready, despite the need for minor exterior and cosmetic finishing.
Elementary School: Crocker/Riverside Elementary School (9/10).
The home features a beautifully updated kitchen and substantially renovated bathrooms, along with vinyl windows and plumbing upgrades, significantly reducing the need for immediate high-cost interior renovations.
Additional bedroom, bathroom, and enclosed porch areas are not included in the official square footage, offering a unique opportunity to increase property value through permit verification and finishing touches.
The property is being sold in as-is condition, requiring the buyer to possess the vision and budget to address remaining cosmetic and exterior improvements.
Discrepancies between the stated square footage and the actual layout necessitate thorough buyer due diligence regarding permits and intended use, which may complicate financing or future resale.
Welcome to 1542 38th Avenue, where many of the big-ticket improvements have already been completed and the opportunity remains to make this home your own. The beautifully updated kitchen is the heart of the home, complemented by substantially updated bathrooms, vinyl windows and plumbing improvements. The flexible floor plan offers comfortable living spaces along with additional bedroom, bathroom and enclosed porch areas that provide even more possibilities. Outside, the generous yard offers plenty of room to reimagine the space for entertaining, gardening or outdoor living. This home is being offered as-is and presents a great opportunity for a buyer willing to bring a little vision to the remaining cosmetic and exterior improvements. With much of the interior updating already completed, this is an opportunity to finish the details rather than start from scratch. Conveniently located in an established Sacramento neighborhood near shopping, dining, parks and commuter routes. Come see the potential and imagine what you can make of it. Additional bedroom, bathroom and enclosed porch areas may not be reflected in the stated square footage. Buyer to independently investigate permits, square footage, intended use and all property information to their satisfaction.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,107 | 1,541.53 |
| Lot Size | 5,227 | 6,320.667 |
| Price | $350.0K | $503.2K |
| Price per sq ft | $316 | $331 |
| Built year | 1950 | 1975 |
| HOA | $0 | $130 |
| Days on market | 73 | 47 |
Oct 14, 2026
$350,000
$369,900
-5% Price Drop
Initial Listing
Sep 19, 2026
$369,900
Initial Listing
Dec 13, 2001
$67,000
Public Record