2115 Forestlake Drive, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 3 bed, 2 bath
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Rancho Cordova, CA 95670
This Value-Add Residential Asset is listed at $440,000, positioned as a stable entry point into a high-demand market relative to its $396,917 Fair Market Value. Featuring a Condition Rating of 4, the home requires cosmetic modernization but offers immense upside through the renovation of its 3-bedroom, 1.5-bath layout. The property’s investment appeal is anchored by its proximity to the 9/10 rated Riverview Stem Elementary and a 7,405 sqft lot with a large patio. This is a strategic opportunity for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2115 Forestlake Drive Subject | $440,000* List Price | 3 | 2 | 1,030 | $385 | - |
A 2337 SW Benita Drive Sold | $420,000 | 3 | 2 | 1,164 | $361 | 0.6 mi |
B 1444 Klamath River Drive Sold | $445,000 | 3 | 2 | 1,126 | $395 | 0.9 mi |
C 2352 Sonata Drive Sold | $421,000 | 3 | 1 | 1,131 | $372 | 0.6 mi |
D 10804 Berwick Way Sold | $430,000 | 3 | 2 | 1,324 | $325 | 0.9 mi |
E 2305 Sabine Way Sold | $390,000 | 3 | 2 | 1,097 | $356 | 0.6 mi |
F 10082 Kern River Court Active | $435,000 List Price | 3 | 2 | 1,127 | $386 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1964 build that has received some cosmetic refreshes, including newer laminate flooring and painted kitchen cabinets with updated countertops. However, it retains several dated features such as popcorn ceilings, wall-mounted heating and cooling units, and basic bathroom vanities. The listing description explicitly mentions the need for 'TLC' and 'deferred maintenance,' indicating that while the home is functional, it requires minor repairs and further modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1030.
Elementary School: Riverview Stem Elementary (9/10).
The property is ideally situated within walking distance to parks, shopping, and river access, and is just 0.16 miles from the highly-rated Riverview Stem Elementary school.
The home requires immediate attention and repairs to reach its full potential, which may necessitate a larger upfront renovation budget for the buyer.
With only 1.5 bathrooms for a three-bedroom residence, the configuration may be less convenient for modern families compared to homes with two or more full baths.
Perfect for investors or families looking for a home with tons of potential. This 3 bedroom 1.5 bath needs just a little TLC to really make it shine. Outside, a large patio extends the living space, in a large-sized backyard. This home is situated within walking distance to parks, schools, shopping and river access.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,030 | 1,608.5 | 7% |
| Lot Size | 7,405 | 6,985 | 57% |
| Price | $440.0K | $499.5K | 25% |
| Price per sq ft | $427 | $325 | 97% |
| Built year | 1964 | 1982 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 168 | 1% |
Mar 17, 2026
$440,000
Initial Listing
Jul 2, 2021
$350,000
Public Record