4240 55th Street, Sacramento, CA 95820, Sacramento, 95820 - 2 bed, 1 bath
4240 55th Street
Sacramento, CA 95820
Property Price
SUMMARY
Analysis of 4240 55th Street, Sacramento, CA 95820 reveals a property with a current list price of $569,000, which is 8% above the estimated $523,337 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 Sacramento 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 |
|---|---|---|---|---|---|---|
★ 4240 55th Street Subject | $569,000* List Price | 2 | 1 | 1,021 | $513 | - |
A 4425 61st Street Sold | $495,000 | 3 | 1 | 1,004 | $493 | 0.5 mi |
B 3719 60Th St Sold | $515,000 | 3 | 1 | 977 | $527 | 0.5 mi |
C 4416 54th Street Sold | $500,000 | 2 | 1 | 1,040 | $481 | 0.1 mi |
D 3931 60th Street Sold | $465,000 | 2 | 2 | 1,006 | $462 | 0.5 mi |
E 4501 62nd Street Sold | $415,000 | 2 | 1 | 945 | $439 | 0.6 mi |
F 3646 Marjorie Way Sold | $425,000 | 2 | 1 | 767 | $554 | 0.7 mi |
G 4819 62nd Street Active | $444,999 List Price | 3 | 1 | 1,039 | $428 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant modern updates to the main residence, including a beautifully updated kitchen, a remodeled bathroom with custom tile, and refinished hardwood floors. Major systems have been recently addressed, such as the installation of a high-efficiency HVAC heat pump and a newer water heater. While the structure dates to 1943, the extensive maintenance and aesthetic renovations to the front house align with the 'good' condition criteria, though the lack of specific renovation details for the tenant-occupied back house prevents an 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate houses on one lot with independent addresses and utilities, offering an exceptional opportunity for rental income or multi-generational living.
- Modernized Main Residence
The front house has been significantly updated with a high-efficiency HVAC heat pump, remodeled kitchen and bathroom, and refinished hardwood floors, reducing immediate maintenance costs.
- Strategic Location
Situated in the desirable Colonial Heights neighborhood, the property is ideally located near UC Davis Medical Center and Sacramento State, ensuring high demand from professional tenants.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1021, other record living area = 1917. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 5.
- Low School Ratings
The assigned local high school carries a low performance rating, which may be a deterrent for families prioritizing high-ranking public education.
- Tenant Occupancy Constraints
The back house is currently occupied by a long-term tenant, which may limit immediate flexibility for owner-occupants or those wishing to set new market-rate rents.
About 4240 55th Street
Two houses on one lot in exciting Colonial Heights. The front house, loaded with charm is 1021 sq ft. Features include, 2 spacious bedrooms, 1 updated bathroom with custom tile, separate tub and shower, a beautifully updated kitchen, recently updated HVAC with high-efficiency heat pump, newer water heater, newer vinyl and refinished hardwood floors, washer and dryer, built-in shelves and alcoves. Peaceful backyard with fruit trees, flowers and raised garden beds. Detached garage with storage room. The back house is 755 sq ft, has 2 bedrooms and 1 bathroom with separate access and exterior space. It is currently occupied by a long-term tenant and needs considerable renovations. These two houses have lots of character. Separate addresses, access and utilities, perfect for generating income or multi-generational living. Located in a quiet tree-lined neighborhood, near Colonial Heights Park and Library, UC Davis Medical Center, Sacramento State, shopping and restaurants.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1943
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Mark Twain Elementary School
Grades K-6 • 0.4 mi
Hiram W. Johnson High School
Grades 9-12 • 1.0 mi
Kit Carson Middle School
Grades 7-12 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,021 | 1,067 | 37% |
| Lot Size | 6,098 | 5,663 | 58% |
| Price | $569.0K | $408.0K | 96% |
| Price per sq ft | $557 | $353 | 95% |
| Built year | 1943 | 1950 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 169 | 4% |
Pricing History
Listed for Sale
Jan 22, 2026
$569,000
Initial Listing
Sold
Mar 14, 2016
$336,000
Public Record
Sold
Sep 10, 2013
$275,000
Public Record
Sold
Oct 17, 2001
$145,500
Public Record
Sold
Nov 12, 1998
$75,000
Public Record