1948 Joan Way, Sacramento, CA 95815, Sacramento, 95815 - 3 bed, 1 bath
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Sacramento, CA 95815
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $369,900—positioned well below the $387,200 Fair Market Value by 4%. This valuation gap offers $17,300 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a renovated kitchen with quartz countertops, new appliances, and a private patio. While school ratings vary, the property’s move-in ready status makes it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, updated asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1948 Joan Way Subject | $369,900* List Price | 3 | 1 | 1,205 | $321 | - |
A 1924 Edwin Sold | $389,000 | 3 | 1 | 1,034 | $376 | 0.1 mi |
B 2036 Waterford Road Sold | $400,000 | 3 | 2 | 1,121 | $357 | 0.3 mi |
C 1964 Joan Way Active | $359,000 List Price | 3 | 1 | 918 | $391 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1955, the property has undergone a recent comprehensive renovation (likely <5 years) including a new kitchen with quartz countertops and appliances, updated bathroom, new laminate flooring, and fresh interior paint. The HVAC has been recently serviced, and the home is in move-in ready condition.
The property features significant recent upgrades, including new quartz countertops, updated laminate flooring, and fresh interior paint, offering a move-in-ready experience.
The HVAC system has been recently repaired and restored, providing essential climate control stability and reducing immediate post-purchase maintenance costs.
Priced competitively at $369,900, this home represents a strong value proposition for first-time buyers or investors seeking a turnkey rental in the Sacramento market.
With three bedrooms but only one bathroom, the property may face functional challenges for larger households and could have lower resale appeal compared to 3/2 configurations.
Several nearby schools, including the local middle and elementary schools, have low performance ratings, which may deter families prioritizing high-quality educational districts.
Come see this great starter home or investment property that has been updated and is ready to move in! It has updated laminate flooring, updated kitchen with new quartz countertops, new stove and dishwasher, updated bathroom. The HVAC has been recently repaired/ restored and the interior has been recently painted. Come see this great home before it's gone!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,205 | - |
| Lot Size | 5,532 | - |
| Price | $369.9K | $505.7K |
| Price per sq ft | $307 | $341 |
| Built year | 1955 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 42 |
Jul 17, 2026
$369,900
Initial Listing
Apr 19, 2001
$109,000
Public Record