3860 Spencer Way, Sacramento, CA 95821, Sacramento, 95821 - 5 bed, 3 bath
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Sacramento, CA 95821
This Spacious Ranch-Style Asset is a High-Potential Investment Opportunity, listed at $579,900—positioned below the $587,369 Fair Market Value by 1%. This valuation gap provides $7,469 in Instant Equity. Featuring a Fair Condition Rating, the home requires cosmetic updates to its 5 bedrooms and 3 bathrooms to unlock its full market potential and maximize ROI. Set on an expansive 14,375-square-foot corner lot in the desirable Arden area, the property offers rare scale and utility for forced appreciation. This is an ideal acquisition for Value-Add Investors or Contractors seeking a high-utilization project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3860 Spencer Way Subject | $564,000* List Price | 5 | 3 | 2,296 | $247 | - |
A 4232 De Ville Court Sold | $650,000 | 5 | 2 | 2,499 | $260 | 0.8 mi |
B 4100 Zephyr Way Sold | $550,000 | 4 | 4 | 1,929 | $285 | 0.3 mi |
C 3439 Del Mesa Court Sold | $700,000 | 3 | 3 | 2,282 | $307 | 0.7 mi |
D 4437 Rutgers Way Sold | $625,000 | 3 | 3 | 2,113 | $296 | 0.4 mi |
E 4609 North Avenue Pending | $669,000 List Price | 4 | 3 | 2,111 | $317 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1960s ranch-style home is well-maintained but largely reflects its original era with dated finishes. The kitchen features older oak cabinetry, a fluorescent light box, and an integrated brick cooktop area that, while functional, is stylistically outdated. The bathrooms show older tile work and vanities. A significant factor is the flooring; while original hardwoods are present, they show heavy wear and there are visible areas where flooring is missing or transitions are unfinished. The property requires comprehensive cosmetic updates, including new flooring, modern light fixtures, and kitchen/bath remodeling to meet current market standards, fitting the 'fair' criteria of an aged home maintained through regular upkeep but showing significant signs of being outdated.
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.
With 5 bedrooms and 3 bathrooms across nearly 2,300 square feet, this single-story ranch offers a rare and functional layout that is highly desirable for large or multi-generational families.
The property sits on a substantial 14,375-square-foot corner lot, providing significant outdoor space, privacy, and the potential for future additions or an ADU.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2296, other record living area = 1328.
The home is in need of new flooring and light cosmetic renovations throughout to modernize the interior and maximize its market value.
Built in 1960, the property likely requires updates to original systems and finishes to meet contemporary standards for energy efficiency and style.
Welcome to 3860 Spencer, a single-story ranch-style home situated on a large corner lot with incredible potential. This well-maintained property offers a bright, open, and airy layout with an abundance of living space, featuring 5 full bedrooms and 3 full bathrooms. The home could benefit from new flooring, but with some light cosmetic updates, it truly has the opportunity to shine. Located on a well-established street in the desirable Arden area, this is your chance to own a spacious home in a great neighborhood at an attractive price. Ask agent about potential renovation and make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 93% |
| Baths | 3.0 | 2.0 | 74% |
| Square foot | 2,296 | 1,728 | 88% |
| Lot Size | 14,375 | 11,326 | 70% |
| Price | $564.0K | $545.5K | 56% |
| Price per sq ft | $246 | $330 | 9% |
| Built year | 1960 | 1954 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 198 | 2% |
May 1, 2026
$564,000
$579,900
-3% Price Drop
Initial Listing
Apr 10, 2026
$579,900
Initial Listing
Jun 8, 2021
$576,500
Public Record