
Colfax, CA 95713
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $625,000—positioned well below the $647,593 Fair Market Value by 3%. This valuation gap offers $22,593 in Instant Equity. Featuring a Good Condition Rating with recent interior updates, the property boasts breathtaking Sierra Nevada views and a spacious 2.5-acre lot with garden infrastructure. This home balances lifestyle serenity with financial stability, making it an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21440 Meadow Oaks Lane Subject | $625,000* List Price | 3 | 2 | 1,496 | $433 | - |
A 905 Tu Yu Mum Lane Sold | $515,000 | 2 | 1 | 1,008 | $511 | 0.9 mi |
B 409 Live Oak Road Pending | $695,000 List Price | 3 | 2 | 1,528 | $455 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1984 but qualifies as good due to recent cosmetic renovations including new flooring and fresh paint throughout. The kitchen features updated stainless steel appliances, and the property is well-maintained and move-in ready with a functional deck and clean exterior.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 108900, living area = 1496.
The ridge-top location offers stunning, unobstructed views of the Sierra Nevada Range from every room, significantly increasing the property's aesthetic appeal and market value.
The home features brand-new flooring and fresh paint throughout, providing a clean, modern aesthetic that allows for immediate move-in without the need for initial renovation.
Built in 1984, the property may soon require capital expenditures for major systems such as the roof or HVAC that are typical for a home of this vintage.
At 1,496 square feet, the interior living space is relatively compact, which may be a limiting factor for larger families or those requiring significant indoor storage.
Views of the Sierra Nevada Range! Come and see this spectacular ridge top property with breathtaking views from every room. Set on a 2.5 acre parcel this quaint three bedroom two bath home is well appointed. New flooring and fresh paint throughout the entire home provides a clean start for the new owner. Privacy abounds and stargazing is a must. Wake up every morning with coffee and sunrise from your spacious back deck, then move to the front patio and watch the sunset. Plenty of natural light floods this home and the seasoned trees provide plenty of shade as the day goes by. Raised garden beds that are protected with deer fencing will allow you to test your green thumb and stock your pantry with homegrown goods. A chicken coop is present and you will be able to enjoy fresh eggs as your brood produces. Storage sheds offer extra space for storing toys and tools along with a detached garage. You can park an RV, boat or other vehicles in multiple spots on the land. Easy access off of I-80 allows you to get to downtown Colfax, Auburn, Rollins Lake and Bear River Park in just a short drive.
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 | 1,496 | - |
| Lot Size | 108,900 | - |
| Price | $625.0K | $459.3K |
| Price per sq ft | $418 | $334 |
| Built year | 1984 | 0 |
| HOA | $0 | $0 |
| Days on market | 22 | 99 |
Jun 30, 2026
$625,000
Initial Listing
Jun 5, 2024
$575,000
Public Record
Feb 27, 2006
$422,500
Public Record