3020 Mills Park, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 3 bed, 1 bath
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3020 Mills Park
Rancho Cordova, CA 95670
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,098Sq Ft
7,841Lot Size
Property Price
LIST PRICE$264,000
EST. MARKET VALUE
$288,754
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $264,000—positioned well below the $288,754 Fair Market Value by 8%. This valuation gap offers $24,754 in Instant Equity for buyers prepared to address the Condition Rating of 5. The expansive 7,841-square-foot lot provides significant potential for an ADU addition. Located within 0.2 miles of White Rock Elementary, this asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Estimated Market Value
$288,754+$24,754 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Rancho Cordova.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1959 (65 years old) with no evidence of recent renovations. The property shows significant exterior neglect, and the list price is nearly 35% lower than its 2022 sale price, indicating the home likely requires a full rehab of the kitchen, bath, and major systems (HVAC/Electric) to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1098.
- Exceptional Investment Value
Priced significantly below its 2022 sale price of $400,000, this property offers an aggressive entry point for investors or first-time buyers looking to build immediate equity.
- Generous Lot Size
The 7,841-square-foot lot provides ample space for outdoor living, gardening, or the potential addition of an Accessory Dwelling Unit (ADU) to maximize the property's utility.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The 3-bedroom, 1-bathroom configuration is a drawback for modern families and may limit the property's appeal compared to homes with a second bathroom.
- Potential Deferred Maintenance
The substantial price discrepancy from previous sales suggests the home may require significant renovation or structural repairs to meet current market standards.
About 3020 Mills Park
Exceptional opportunity in Rancho Cordova. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Rancho Cordova Unified Schools
White Rock Elementary School
Grades K-6 • 0.2 mi
4/10
Mills Middle School
Grades 6-8 • 0.8 mi
4/10
Cordova High School
Grades 9-12 • 1.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,098 | 1,813.848 |
| Lot Size | 7,841 | 6,404.066 |
| Price | $264.0K | $555.6K |
| Price per sq ft | $240 | $305 |
| Built year | 1959 | 2012 |
| HOA | $0 | $83 |
| Days on market | 18 | 60 |
Pricing History
Listed for Sale
Oct 6, 2026
$264,000
Initial Listing
Sold
May 24, 2022
$400,000
Public Record