342 Rivergate Way, Sacramento, CA 95831, Sacramento, 95831 - 3 bed, 2 bath
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Sacramento, CA 95831
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $649,950—positioned above the $577,994 Fair Market Value. While the list price exceeds current estimates, the property features a Condition Rating of 4, bolstered by significant mechanical upgrades including a new 2025 HVAC and 2020 water main. The 1,763 sq ft floor plan on a 7,148 sq ft lot with a built-in pool offers substantial value-add potential through cosmetic modernization. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a solid foundation in the Pocket Area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 342 Rivergate Way Subject | $630,000* List Price | 3 | 2 | 1,763 | $324 | - |
A 7262 Harbor Light Way Sold | $584,000 | 3 | 2 | 1,683 | $347 | 0.1 mi |
B 292 Cruise Way Sold | $530,000 | 4 | 2 | 1,872 | $283 | 1.0 mi |
C 6544 Surfside Way Sold | $635,000 | 3 | 2 | 1,831 | $347 | 0.9 mi |
D 26 Marina Grande Court Sold | $495,000 | 2 | 2 | 1,636 | $303 | 0.3 mi |
E 385 Hatteras Way Sold | $657,000 | 4 | 3 | 1,878 | $350 | 0.7 mi |
F 10 Fleet Court Sold | $640,000 | 3 | 2 | 1,892 | $338 | 0.5 mi |
G 563 Rivergate Way Pending | $640,000 List Price | 3 | 2 | 1,792 | $357 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the home is well-maintained but significantly dated with original kitchen and bathroom finishes, including oak cabinetry, tile countertops, and popcorn ceilings. While the systems are a major highlight with a new HVAC (2025) and water main (2020), the interior aesthetics are over 40 years old and require cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7148, living area = 1763.
Situated in the highly desirable Pocket Area, this popular single-story Underwood Wiese floor plan features vaulted ceilings and a rare 3-car garage, offering both functional design and strong resale appeal.
The backyard serves as a private retreat featuring a sparkling built-in pool with a waterfall and multiple patios, perfect for entertaining in the Sacramento climate.
Built in 1983, elements such as the built-in wet bar and double-sided brick fireplace may feel aesthetically dated to modern buyers looking for a contemporary finish.
While the local K-8 school is well-rated, the assigned middle and high schools have moderate ratings, which may be a factor for education-focused families.
Welcome to the heart of the Pocket Area! Wonderful single-story 3 bedroom, 2 bath home with a 3-car garage and sparkling built-in pool. Popular 1,763 +/- sq ft Underwood Wiese floor plan featuring an open family room with vaulted ceilings, built-in wet bar and a stunning double-sided brick fireplace shared with the formal living and dining rooms. Spacious kitchen offers a sunny breakfast nook and charming window seat with built-in storage. Private primary suite includes en-suite bath, walk-in closet and direct backyard access. Step outside to your own backyard retreat with waterfall pool, multiple patios and plenty of space to relax or entertain. New HVAC (2025); new water main (2020). Conveniently located near schools, parks, shopping, dining, recreation and everything the Pocket Area lifestyle has to offer. Great opportunity to make this home your own and build equity in one of Sacramento's most desirable neighborhoods!
No exterior & parking available.
Grades K-8 • 0.5 mi
Grades K-8 • 1.0 mi
Grades 7-8 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,763 | 1,828 | 45% |
| Lot Size | 7,148 | 7,645 | 41% |
| Price | $630.0K | $646.5K | 43% |
| Price per sq ft | $357 | $356 | 52% |
| Built year | 1983 | 1982 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 179 | 2% |
May 23, 2026
$630,000
$649,950
-3% Price Drop
Initial Listing
May 8, 2026
$649,950
Initial Listing
Sep 8, 1999
$198,000
Public Record