183 College Way, Auburn, CA 95603, Auburn, 95603 - 3 bed, 2 bath
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Auburn, CA 95603
This property presents a High-Potential Investment Opportunity with a List Price of $499,900—positioned well below the $500,713 Fair Market Value by 0.16%. Featuring a Fair Condition Rating, this 1937 bungalow offers significant upside through the renovation of its partially finished basement and dated interiors. With Exceptional Expansion Potential for a JADU and Scenic Treeline Views, this asset is primed for forced appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime Auburn location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 183 College Way Subject | $499,900* List Price | 3 | 2 | 1,992 | $251 | - |
A 211 Katherine Way Pending | $475,000 List Price | 2 | 2 | 1,608 | $295 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the home features newer luxury vinyl plank flooring in main areas, the high-value components are significantly outdated. The kitchen and bathrooms appear to be 30-50 years old with worn cabinetry and dated tile work. The presence of window AC units suggests a lack of modern central HVAC, and the 1937 structure requires a full interior rehab to address the aging systems and finishes.
The property features a large upstairs loft and a partially finished basement with exterior access, providing a rare opportunity to create a JADU, multigenerational living suite, or additional bedrooms.
Situated in the desirable Original Townsite, this home is blocks from Placer High School and minutes from historic downtown shopping, dining, and the extensive Sierra Nevada foothill trail systems.
Two expansive decks and a covered patio offer scenic treeline views and overlook a large, usable lot with ample space for a pool, workshop, or a detached ADU.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 5.
The basement is only partially finished, requiring the buyer to invest additional capital and construction time to fully realize the home's advertised versatility and living space.
Built in 1937, the property may require updates to older systems and cosmetic modernization in the bathrooms to meet the expectations of buyers seeking a turn-key contemporary home.
Welcome to 183 College Way, a spacious 3-bedroom, 2-bath bungalow-style home offering OVER 1900 square feet of versatile living space in one of Auburn's most desirable locations. Built in 1937 and situated on a 0.1752 acre lot, this home combines timeless character with flexible living areas and exceptional potential. The functional floor plan features a spacious main level, a large upstairs loft with a full bathroom that is ideal for multigenerational living, guests, a home office, or potential JADU use (buyer to verify), plus a large partially finished basement with exterior access. The basement includes two additional rooms already partially finished, creating outstanding another opportunity to expand the home's living space with additional bedrooms, a guest quarters, or even a future JADU (buyer to verify). The large kitchen is designed for everyday living and entertaining, featuring generous counter space, double ovens, an electric range, and ample cabinetry. Luxury vinyl plank flooring runs throughout the main living areas, with tile and lino in the bathrooms. A wood-burning fireplace creates a warm focal point in the living room. Outdoor living shines with two expansive decks overlooking Auburn's scenic treeline, offering the perfect setting for relaxing or entertaining. A covered patio beneath the upper deck extends your outdoor living space while overlooking the large backyard. The usable lot offers endless possibilities to create your dream outdoor retreat, with potential room for an ADU, pool, workshop, gardens, or additional improvements (buyer to verify with Placer County). Located just blocks from Placer High School and approximately half a mile from the Gold Country Fairgrounds, this home is also minutes from historic downtown Auburn's shopping, restaurants, and community events. Enjoy convenient access to Overlook Park, Railhead Park, public transportation, and the countless hiking, biking, and recreational opportunities throughout the Sierra Nevada foothills. Offering flexible living spaces, incredible expansion potential, beautiful views, abundant storage, and room to personalize, this is a rare opportunity to own a home with character, versatility, and an outstanding location in the heart of Auburn.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,992 | - |
| Lot Size | 7,632 | - |
| Price | $499.9K | $670.3K |
| Price per sq ft | $251 | $359 |
| Built year | 1937 | 0 |
| HOA | $0 | $0 |
| Days on market | 14 | 62 |
Jul 8, 2026
$499,900
Initial Listing
Mar 6, 1998
$153,000
Public Record