231 E Colorado Street, Fairfield, CA 94533, Fairfield, 94533 - 3 bed, 1 bath
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Fairfield, CA 94533
This Entry-Level Value-Add Asset is listed at $425,000, offering a competitive entry point into the Fairfield market with no HOA fees. Positioned near its $407,296 Fair Market Value, the property provides a stable foundation for forced appreciation through strategic modernization. Boasting a Condition Rating of 4, the 1952-built home requires cosmetic updates but features a functional 3-bedroom layout and a private patio. Its central commuter location near Highway 80 and proximity to Armijo High School ensure consistent demand. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 E Colorado Street Subject | $425,000* List Price | 3 | 1 | 985 | $410 | - |
A 1419 Eisenhower Street Sold | $340,000 | 3 | 1 | 923 | $368 | 0.2 mi |
B 728 Utah Street Sold | $475,000 | 3 | 1 | 1,034 | $459 | 0.7 mi |
C 112 E Kentucky Street Sold | $533,000 | 3 | 2 | 1,305 | $408 | 0.2 mi |
D 1318 Taft Street Active | $429,000 List Price | 3 | 2 | 1,046 | $410 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1952, this home is significantly dated but remains functional. The kitchen features older cabinetry and appliances likely from a 20-30 year old renovation. While the flooring appears recently updated and the HVAC condenser looks relatively modern, the overall property requires cosmetic updates and minor repairs, such as the cracked concrete in the backyard, to meet current market standards.
Positioned as one of the most affordably priced single-family homes in the market with no HOA fees, offering an excellent entry point for first-time buyers or investors.
The property boasts a central location with quick access to Highway 80 and is just a short drive from downtown Fairfield's dining and the Solano Mall shopping hub.
Unlike many affordable alternatives, this home includes both front and rear private gardens on a 5,227 sqft lot, providing ample space for outdoor living and landscaping.
Built in 1952 and marketed as an opportunity for updates, the property likely requires significant cosmetic or functional improvements to meet modern standards.
The local elementary and middle schools carry low performance ratings (2 and 3 respectively), which may impact the property's appeal to families with school-aged children.
Tucked away on tree-lined street and just a short drive to downtown Fairfield (great places to dine and shop) the Solano Mall (major retailers, book stores, Trader Joes, Starbucks +++) and quick access to Hwy 80 for commuting. This cute one story efficient home is an opportunity to buy at a great price and make your own updates. It's one of the best priced homes on the market and has no condo HOA fees - and not to mention you have a wonderful front and back garden that belong to you!!! 3 bedrooms and 1 bath on one level make this home super attractive to many buyers - and the central location cannot be beat!!!! Owners are replacing on a new roof. Welcome to 231 E. Colorado St!!!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 42% |
| Baths | 1.0 | 2.0 | 13% |
| Square foot | 985 | 1,679 | 6% |
| Lot Size | 5,227 | 6,499 | 18% |
| Price | $425.0K | $532.8K | 19% |
| Price per sq ft | $431 | $308 | 90% |
| Built year | 1952 | 1975 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 218 | 1% |
Apr 27, 2026
$425,000
Initial Listing