3860 Spencer Way, Sacramento, CA 95821, Sacramento, 95821 - 5 bed, 3 bath
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3860 Spencer Way
Sacramento, CA 95821
PENDING
CONDITION: POOR
5Beds
3Baths
2,296Sq Ft
14,375Lot Size
Property Price
LIST PRICE$524,900
EST. MARKET VALUE
$551,080
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $524,900—positioned well below the $551,080 Fair Market Value by 4%. This valuation gap offers $26,180 in Instant Equity for buyers willing to execute a renovation plan. While the home has a Fair Condition Rating (5/10), the 14,375 sqft lot and 5-bedroom layout provide significant upside for forced appreciation. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with substantial scale.
Estimated Market Value
$551,080+$26,180 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3860 Spencer Way Subject 5 bd · 3 ba · 2,296 sqft · $240 | $524,900* List Price | 5 | 3 | 2,296 | $240 | - |
A 4232 De Ville Court Sold 5 bd · 2 ba · 2,499 sqft · $260 · 0.8 mi | $650,000 | 5 | 2 | 2,499 | $260 | 0.8 mi |
B 3923 Aberdeen Way Active 3 bd · 2 ba · 1,789 sqft · $273 · 0.4 mi | $489,000 List Price | 3 | 2 | 1,789 | $273 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1960 with no evidence of major renovations in the last 30 years. The kitchen and interior finishes are dated, and the listing explicitly states the home needs improvement and is sold in its current condition. As a Fannie Mae HomePath property, it likely requires significant rehab and updates to systems and interiors.
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 = 14375, living area = 2296.
- Spacious Multi-Bedroom Layout
With 5 bedrooms and 3 bathrooms across nearly 2,300 square feet, this home offers rare capacity for large families or multi-generational living in a ranch-style footprint.
- Mid-Century Architectural Appeal
The property features desirable mid-century modern elements like coffered ceilings and a central brick fireplace, providing a strong aesthetic foundation for a high-end renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2296, other record living area = 1328.
- Extensive Renovation Needs
The home is sold in its current condition and requires significant updates, which will necessitate a substantial additional budget for repairs and modernization.
- Distressed Property Status
As a Fannie Mae HomePath property, the sale may involve specific purchase conditions and reflects a recent decline in market value compared to its 2021 sale price.
About 3860 Spencer Way
This ranch style home with five bedrooms and three bathrooms offers mid-century modern character and room for improvement. The property presents an opportunity to customize and update according to your vision. The home features coffered ceilings that add architectural detail throughout the interior. The brick fireplace anchors the living spaces as a central focal point. The property is offered in its current condition, with potential for updates based on your renovation plans and personal preferences. A 2 car garage provides storage and parking convenience. This is a Fannie Mae HomePath property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 14,375 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,296 | 1,541.53 |
| Lot Size | 14,375 | 6,320.667 |
| Price | $524.9K | $503.2K |
| Price per sq ft | $229 | $331 |
| Built year | 1960 | 1975 |
| HOA | $0 | $130 |
| Days on market | 36 | 47 |
Pricing History
Listed for Sale
Sep 18, 2026
$524,900
Initial Listing
Sold
Jun 8, 2021
$576,500
Public Record