261 Graves Avenue, Sacramento, CA 95838, Sacramento, 95838 - 3 bed, 2 bath
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Sacramento, CA 95838
This property presents a High-Potential Investment Opportunity with a List Price of $349,900—positioned well below the $331,824 Fair Market Value by -5%. While the home carries a Condition Rating of 5, it offers significant value-add potential through cosmetic renovation. Key features include RV access and a private backyard jacuzzi, providing unique utility for future tenants or owners. Despite low-rated local schools, the functional 3-bedroom layout and equity-building potential make this a strategic acquisition for Fix-and-Flip Investors or first-time buyers seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Graves Avenue Subject | $349,900* List Price | 3 | 2 | 1,080 | $307 | - |
A 421 Lindsay Avenue Sold | $340,000 | 3 | 2 | 1,147 | $296 | 0.6 mi |
B 816 Ford Road Sold | $370,000 | 3 | 2 | 1,040 | $356 | 0.7 mi |
C 645 Lindsay Avenue Sold | $273,000 | 2 | 1 | 708 | $386 | 0.7 mi |
D 194 Butterworth Avenue Pending | $350,000 List Price | 3 | 2 | 1,057 | $331 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) with no significant renovations. The interior features original-style cabinetry, dated tiling, and popcorn ceilings. The listing explicitly identifies the property as an investor project needing TLC and custom upgrades, aligning with the criteria for a home requiring rehab.
The property features a spacious front yard with convenient RV access for boats or trailers, complemented by a private backyard that includes a jacuzzi for relaxation.
Marketed as a 'fixer-upper' needing TLC, this home offers a significant opportunity for first-time buyers to build sweat equity or for investors to execute a profitable renovation project.
The 3-bedroom, 2-bathroom configuration provides a highly desirable and efficient floor plan that maximizes the 1,080 square feet of living space for families or renters.
The home requires immediate cosmetic and functional upgrades, which will necessitate additional capital investment and labor shortly after acquisition.
The local elementary and middle schools carry very low performance ratings (2/10 and 1/10), which may deter families prioritizing education and could impact long-term appreciation.
Bring your imagination and your RV! This charming 3-bedroom, 2-bathroom home offers incredible potential and is just waiting for your personal touch to transform it into the ultimate dream home. Step inside to find a functional floor plan with a spacious living area, a dedicated dining space, and a kitchen ready for your custom upgrades. The bedrooms are generously sized, providing a great foundation for comfortable living. The real magic happens when you step outside. The spacious front yard features convenient RV accessperfect for storing your boat, trailer, or weekend toys. After a long day, you can unwind and relax in your private backyard with the jacuzzi. While the home needs a little TLC, it is the perfect canvas for first-time homebuyers looking to build equity, or savvy investors seeking their next project. Located in a established neighborhood close to schools, parks, and shopping, this property is packed with possibilities.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 0.5 mi
Grades 9-12 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,080 | - |
| Lot Size | 5,663 | - |
| Price | $349.9K | $505.7K |
| Price per sq ft | $324 | $341 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 7 | 42 |
Jul 16, 2026
$349,900
Initial Listing
Jul 2, 2015
$169,000
Public Record
Oct 9, 2008
$80,000
Public Record
Aug 31, 2004
$210,000
Public Record