2465 Colfax Street, Sacramento, CA 95815, Sacramento, 95815 - 2 bed, 1 bath
ACTIVE$330,000
2465 Colfax Street, Sacramento, CA 95815
2Beds
1Bath
734Sqft
2,614Lot
Year Built
1920
Close
-
List price
$330K
Original List price
-
Price/Sqft
$450
HOA
$0
Days on market
-
Sold On
-
MLS number
225146920
Home ConditionFair
Features
View-
About this home
Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,5 Pros. Rank: price - $330.0K(43th), sqft - 734(10th), beds - 2(36th), baths - 1(47th).
First time homebuyers and investors welcome. Ask me how you can buy this home with a 5% interest rate! Creative financing & subject to offers are welcome! Take action now! Extra: There is an unfinished unit in the backyard, needs permits.
Price History
Date
Event
Price
11/25/25
Price Change
$330,000
06/10/22
Sold
$336,000
02/10/21
Sold
$241,000
09/17/18
Sold
$187,000
05/16/16
Sold
$27,000
Condition Rating
Fair
Built in 1920, the property shows signs of regular maintenance and some recent cosmetic updates, including LVP flooring and refreshed kitchen cabinets with a modern refrigerator. However, the presence of window AC units, dated light fixtures, and the overall older aesthetic indicate that major systems have not undergone a full, recent renovation. The home is functional but requires further updates and investment to meet modern standards, particularly regarding cooling and the unfinished backyard unit.
Pros & Cons
Pros
Investor/First-Time Buyer Appeal: Explicitly marketed towards first-time homebuyers and investors, suggesting an accessible entry point or value-add opportunity.
Attractive Financing Options: The listing highlights creative financing solutions, including a potential 5% interest rate, which is a significant draw in the current market.
ADU Potential: An existing unfinished unit in the backyard offers significant potential for future rental income or expanded living space, enhancing property value.
Competitive Price Point: Listed at $330,000, this property presents an attractive and accessible price point for a single-family home in Sacramento.
No HOA Fees: The absence of homeowner association fees reduces monthly carrying costs, making the property more affordable for buyers.
Cons
Unfinished ADU Requires Investment: The backyard unit is unfinished and requires permits, indicating immediate capital investment and regulatory work for completion.
Limited Living Space: With only 734 sqft, the main residence offers limited living space, which may not suit all buyer needs or family sizes.
Older Property (1920 Build): Built in 1920, the property may entail potential for deferred maintenance, outdated systems, and lower energy efficiency, leading to future renovation costs.