397 Savanna Drive, LOS ALAMOS, CA 93440, LOS ALAMOS, 93440 - 3 bed, 2 bath
397 Savanna Drive
LOS ALAMOS, CA 93440
Property Price
SUMMARY
Analysis of 397 Savanna Drive, LOS ALAMOS, CA 93440 reveals a Prime Investment Opportunity with a current list price of $919,000—significantly undercutting the $951,976 Fair Market Value by 3%. This valuation gap indicates a +$32,976 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the LOS ALAMOS Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 397 Savanna Drive Subject | $919,000* List Price | 3 | 2 | 1,991 | $478 | - |
A 475 Heritage Lane Sold | $879,000 | 3 | 3 | 1,727 | $509 | 0.9 mi |
B 710 Shaw Street Sold | $792,000 | 4 | 2 | 1,655 | $479 | 0.7 mi |
C 25 Chamiso Drive Sold | $960,000 | 4 | 3 | 2,714 | $354 | 0.1 mi |
D 895 Vintage Way Sold | $935,000 | 3 | 2 | 2,227 | $420 | 0.9 mi |
E 710 Shaw Street Sold | $792,000 | 4 | 2 | 1,655 | $479 | 0.7 mi |
F 265 Perkins Street Active | $819,000 List Price | 3 | 2 | 1,893 | $433 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property falls within the 10-20 year age range for 'good' condition and appears move-in ready. The home features a functional open-concept kitchen with a breakfast bar and walk-in pantry, high ceilings, and a well-maintained primary suite. The addition of a private pool and spa, along with the 'designer touches' mentioned in the description, suggests the property has been well-preserved with minimal physical depreciation and functional major systems.
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 = 8712, living area = 1991.
- Prime Walkable Location
Situated just four blocks from downtown Los Alamos, this property offers exceptional access to the area's renowned culinary scene, wine tasting rooms, and entertainment.
- Rare Outdoor Amenities
Featuring a private pool and spa—a rare find in the local market—the backyard is a standout feature designed for high-end relaxation and social gatherings.
CONSRISKS & DEFICIENCIES
- Monthly Association Fees
The property is subject to a $250 monthly association fee, which increases the total cost of ownership compared to other local residences without HOA oversight.
- Limited Yard Versatility
While the pool and spa are premium assets, they occupy a significant portion of the 8,712 sqft lot, leaving less space for traditional landscaping or large grassy play areas.
About 397 Savanna Drive
Enjoy the Los Alamos lifestyle just 4 blocks from charming downtown, with great food, wine, and entertainment at your doorstep. This 3 bedroom, 2 bath home features a spacious open kitchen and Great Room, plus a formal dining area, or use it as a family room. The primary suite is a true private retreat, located at the opposite end of the home from the two guest bedrooms. The open kitchen offers a breakfast bar, walk-in pantry, and fireplace views into the living room, making it perfect for everyday living and entertaining alike. One of the few homes in town with a pool and spa, the backyard is designed for fun and gatherings, with plenty of space for outdoor dining, games, and relaxation. High ceilings and designer touches add style, while a thoughtful floor plan ensures functionality fo all. An attached 2-car garage complete this versatile property. Welcome to the best of Los Alamos living!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 8,712 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,991 | 1,980 | 56% |
| Lot Size | 8,712 | 10,018.8 | 44% |
| Price | $919.0K | $879.0K | 56% |
| Price per sq ft | $462 | $420 | 56% |
| Built year | 2005 | 1997 | 89% |
| HOA | $250 | $50 | 89% |
| Days on market | 8 | 211 | 11% |
Pricing History
Listed for Sale
Feb 27, 2026
$919,000
Initial Listing
Sold
Jan 4, 2019
$590,000
Public Record
Sold
Sep 25, 2009
$307,000
Public Record
Sold
Sep 21, 2005
$550,000
Public Record