2786 Grove ave Avenue, Sacramento, CA 95815, Sacramento, 95815 - 2 bed, 1 bath
ACTIVE$285,000$935/sqft
Est. Value: $261,779
-8%
AboveEstimate
2786 Grove ave Avenue, Sacramento, CA 95815
2Beds
1Bath
935Sqft
4,503Lot
Price Vs. Estimate
The estimated value ($261,778.765) is $23,221.235 (8%) lower than the list price ($285,000). This property may be overpriced.
Key pros and cons
Top Pros:
Affordable Entry Point: With a list price of $285,000, this property presents a highly accessible opportunity for first-time homebuyers or investors seeking an entry-level asset in Sacramento.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4503, other record lot size in square feet = 21582. Living area discrepancy between mls listing and other public or private record. mls listing living area = 935, other record living area = 3932. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 9.
Compared to the nearby listings
Price:$285.0K vs avg $327.8K ($-42,750)30%
Size:935 sqft vs avg 1,050 sqft35%
Price/sqft:$305 vs avg $32143%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property shows significant signs of age and deferred maintenance. The exterior features peeling paint, a worn roof, and an outdated window AC unit, indicating a lack of recent updates to major systems and aesthetics. The listing explicitly mentions 'value-add potential' and that it 'likely requires substantial updates to its systems, infrastructure, and aesthetics.' Without interior images, it's inferred that the kitchen, bathroom, flooring, and other interior components are severely outdated and in need of substantial renovation and rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1948
Close
-
List price
$285K
Original List price
-
Price/Sqft
$305
HOA
$0
Days on market
-
Sold On
-
MLS number
226000540
Home ConditionPoor
Features
View-
About this home
2786 Grove Ave offers a 2-bedroom, 1-bath home with a 1-car garage and additional driveway parking, situated on its own separate parcel. Ideal for first-time buyers or investors seeking a solid property with value-add potential. This home is part of a rare opportunity to purchase three side-by-side properties (2782, 2784, 2786 Grove Ave), available individually or as a package. Price reflects 2784 Grove Ave only. See attached docs for individual pricing and tenant details. 2782 MLS#225153245, 2784 MLS#226000525, 2786 MLS#226000540
M
Michael Lim
Listing Agent
Price History
Date
Event
Price
08/26/22
Sold
$789,000
01/06/20
Sold
$485,000
05/04/17
Sold
$375,000
01/31/12
Sold
$245,000
12/17/09
Sold
$190,000
Condition Rating
Poor
Built in 1948, this property shows significant signs of age and deferred maintenance. The exterior features peeling paint, a worn roof, and an outdated window AC unit, indicating a lack of recent updates to major systems and aesthetics. The listing explicitly mentions 'value-add potential' and that it 'likely requires substantial updates to its systems, infrastructure, and aesthetics.' Without interior images, it's inferred that the kitchen, bathroom, flooring, and other interior components are severely outdated and in need of substantial renovation and rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Affordable Entry Point: With a list price of $285,000, this property presents a highly accessible opportunity for first-time homebuyers or investors seeking an entry-level asset in Sacramento.
Value-Add Potential: The property is explicitly marketed with 'value-add potential,' indicating opportunities for renovation and upgrades to significantly increase its equity and market value.
Investment Package Opportunity: As part of a rare offering of three side-by-side properties, it provides a unique opportunity for investors to acquire multiple assets for portfolio expansion or strategic development.
No Homeowners Association (HOA) Fees: The absence of HOA fees eliminates additional monthly costs, making it a more financially attractive and autonomous ownership proposition.
Dedicated Parking & Separate Parcel: The property includes a 1-car garage and additional driveway parking, and is situated on its own separate parcel, offering practical amenities and clear individual ownership.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4503, other record lot size in square feet = 21582. Living area discrepancy between mls listing and other public or private record. mls listing living area = 935, other record living area = 3932. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 9.
Age of Property: Built in 1948, the home is older and likely requires substantial updates to its systems, infrastructure, and aesthetics to meet modern standards and buyer expectations.
Compact Living Space: At 935 sqft with 2 bedrooms and 1 bathroom, the property offers limited living space, which may not appeal to larger families or those desiring more expansive accommodations.
Conflicting Pricing Information: The property description explicitly states that the listed price ($285,000) reflects a different MLS (2784 Grove Ave), creating significant ambiguity and potential confusion regarding the actual price of this specific property (2786 Grove Ave).