2804 Shearwater Way, Fairfield, CA 94533, Fairfield, 94533 - 4 bed, 3 bath
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2804 Shearwater Way
Fairfield, CA 94533
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,003Sq Ft
2,627Lot Size
Property Price
LIST PRICE$469,000
EST. MARKET VALUE
$502,067
6% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $519,000—positioned well below the $525,206 Fair Market Value by 1%. This valuation gap offers $6,206 in Instant Equity. Featuring a 4-bedroom, 3-bathroom layout and a Fair Condition Rating, the home requires cosmetic updates to maximize its value. Located within walking distance to Vanden High School (rated 8/10), this asset is ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build sweat equity in a prime school district.
Estimated Market Value
$502,067+$33,067 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fairfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2804 Shearwater Way Subject 4 bd · 3 ba · 2,003 sqft · $251 | $469,000* List Price | 4 | 3 | 2,003 | $251 | - |
A 3147 Puffin Circle Sold 5 bd · 3 ba · 2,250 sqft · $253 · 0.0 mi | $570,000 | 5 | 3 | 2,250 | $253 | 0.0 mi |
B 2753 Whitney Drive Pending 4 bd · 3 ba · 1,717 sqft · $301 · 0.1 mi | $517,000 List Price | 4 | 3 | 1,717 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2004, the property is 22 years old and retains original, dated finishes in the bathrooms and flooring. The listing description explicitly notes the home 'needs a little work,' aligning with the Fair criteria for homes over 20 years old requiring minor repairs and cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Excellent School Proximity
The property is exceptionally located within walking distance to highly-rated schools, including Vanden High School (rated 8/10), which is just 0.18 miles away.
- Spacious Family Layout
Featuring 4 bedrooms and 3 bathrooms across 2,003 square feet, the home provides a generous and functional floor plan suitable for growing families.
- Value-Add Potential
Priced attractively for a 4-bedroom home, this property offers significant sweat equity potential for investors or buyers willing to perform necessary updates.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2627, living area = 2003.
- Required Repairs
The listing explicitly notes the home needs work, indicating that the buyer should budget for immediate maintenance and renovation costs.
- Compact Lot Size
With a lot size of only 2,627 square feet, the property offers very limited private outdoor space and yard area compared to the home's interior square footage.
About 2804 Shearwater Way
Located in Fairfield's Whitney Park community, this home offers over 2,003 square feet of living space and an attached two-car garage. Flexibility for a home office, guest room or your changing needs. Enjoy a convenient location near Travis Air Force Base, with shopping, dining and the Fairfield-Vacaville train station within easy reach.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 2,627 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $145 / Month
Neighborhood Insights
Fairfield Unified Schools
Center Elementary
Grades K-6 • 0.6 mi
5/10
Golden West Middle School
Grades 7-8 • 0.4 mi
6/10
Vanden High School
Grades 9-12 • 0.2 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,003 | 1,829.832 |
| Lot Size | 2,627 | 6,054.538 |
| Price | $469.0K | $613.4K |
| Price per sq ft | $234 | $326 |
| Built year | 2004 | 1990 |
| HOA | $145 | $169 |
| Days on market | 44 | 56 |
Pricing History
Listed for Sale
Oct 10, 2026
$469,000
$475,000
-1% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$475,000
$499,000
-5% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$499,000
$519,000
-4% Price Drop
Initial Listing
Price Change
Sep 10, 2026
$519,000
Initial Listing
Sold
Feb 9, 2012
$195,000
Public Record
Sold
Nov 12, 2004
$434,000
Public Record