2950 Marconi Avenue 206, Sacramento, CA 95821, Sacramento, 95821 - 2 bed, 1 bath
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Sacramento, CA 95821
This Well-Maintained FHA-Compliant Condo is a High-Potential Investment Opportunity, listed at $205,000—positioned well below the $259,357 Fair Market Value by 20%. This significant valuation gap offers $54,357 in Instant Equity. Boasting a Condition Rating of 3, the interior is move-in ready, featuring a private balcony with courtyard views and access to a community pool. The comprehensive HOA covers major utilities and exterior maintenance, ensuring a low-overhead lifestyle. This property is an ideal acquisition for first-time buyers leveraging FHA financing or Buy-and-Hold Investors seeking a high-yield, turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2950 Marconi Avenue 206 Subject | $205,000* List Price | 2 | 1 | 952 | $272 | - |
A 2551 Fulton Square Lane 45 Sold | $246,500 | 2 | 2 | 965 | $255 | 0.7 mi |
B 2511 Fulton Square Lane 9 Active | $257,500 List Price | 1 | 1 | 920 | $280 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with several recent cosmetic updates. The interior features fresh paint, newer grey carpeting throughout the living areas and bedrooms, and updated wood-look laminate flooring in the kitchen. While the 1951 construction is evident in the popcorn ceilings and basic cabinetry, the kitchen is clean with functional white appliances and the overall condition shows minimal wear and tear, requiring no immediate renovations for occupancy.
The HOA is FHA compliant, a rare and significant advantage for condominiums that allows first-time buyers to utilize low-down-payment financing options.
Priced competitively at $205,000 for a two-bedroom unit, this property represents one of the most affordable entry points in the Sacramento market for both homeowners and investors.
The monthly association fee covers major utilities including water, sewer, and garbage, as well as roof maintenance and exterior insurance, ensuring a low-maintenance lifestyle and predictable monthly costs.
The local assigned schools have low performance ratings (2/10 and 3/10), which may impact the property's appeal to families and affect long-term appreciation.
Originally constructed in 1951, the building's age may lead to higher long-term maintenance requirements or the need for future capital improvements compared to newer developments.
PRICE IMPROVEMENT! Where can you find a clean 2-bedroom, 1-bathroom condo in Sacramento with FHA financing options and a community pool for $205K? This is it! Welcome to this well-maintained condo in the Santa Paula Manor community, perfectly positioned on Marconi Ave with incredible convenience to shopping, dining, American River College, and everything Sacramento has to offer. This condo features nicely appointed finishes throughout and both bedrooms offering plenty of space. Step out onto your private balcony overlooking the beautifully maintained courtyard with mature landscaping, a peaceful spot to enjoy your morning coffee. This HOA is FHA compliant, which opens the door to more financing options that many condos simply can't offer. Your HOA fee covers water, sewer, garbage, access to the community pool, exterior structure insurance, roof maintenance, and upkeep of all common grounds, offsetting expenses you'd be paying anyway while giving you true low-maintenance living. Whether you're a first-time buyer taking advantage of FHA financing, an investor looking for a solid rental, or someone ready to simplify and enjoy condo life, this one gives you the space, location, and convenience to make it work.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-6 • 5.6 mi
Grades 6-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 952 | 1,169.5 | 25% |
| Lot Size | 3,415 | 1,244 | 75% |
| Price | $205.0K | $263.2K | 25% |
| Price per sq ft | $215 | $222 | 50% |
| Built year | 1951 | 1978 | 25% |
| HOA | $454 | $405 | 75% |
| Days on market | 62 | 163 | 25% |
Mar 19, 2026
$205,000
$215,000
-5% Price Drop
Initial Listing
Feb 19, 2026
$215,000
Initial Listing
May 26, 2004
$152,000
Public Record