4304 E Iowa Avenue, Sacramento, CA 95824, Sacramento, 95824 - 3 bed, 2 bath
ACTIVE$340,000$1,536/sqft
Est. Value: $321,187
-5%
AboveEstimate
4304 E Iowa Avenue, Sacramento, CA 95824
3Beds
2Baths
1,536Sqft
6,098.4Lot
Price Vs. Estimate
The estimated value ($321,187) is $18,813 (5%) lower than the list price ($340,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Potential: Explicitly marketed as a 'fantastic investment opportunity' with 'potential for a high return on investment (ROI)' in a neighborhood where renovated homes are selling for top dollar.
Top Cons:
Requires Significant Renovation: Described as a 'Diamond in the Rough' requiring a 'buyer with the right vision,' indicating substantial renovation and capital investment are needed to realize its full potential.
Compared to the nearby listings
Price:$340.0K vs avg $343.0K ($-3,000)50%
Size:1,536 sqft vs avg 1,043.5 sqft88%
Price/sqft:$221 vs avg $30121%
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963, this property is over 60 years old and explicitly marketed as a 'Diamond in the Rough' requiring 'significant renovation' and a 'buyer with the right vision.' The exterior image shows a dated appearance with signs of deferred maintenance (worn garage door, cracked driveway). While no interior photos are provided, the description and age strongly suggest that the kitchen, bathrooms, appliances, fixtures, flooring, and all major systems (plumbing, electrical, HVAC) are outdated and require substantial repairs and rehabilitation to meet current standards. It is not move-in ready and would be uncomfortable in its current state.
Year Built
1963
Close
-
List price
$340K
Original List price
-
Price/Sqft
$221
HOA
$0
Days on market
-
Sold On
-
MLS number
225152998
Home ConditionPoor
Features
View-
About this home
Attention Investors & Builders: Diamond in the Rough with Favorable Location! Remarks: Don't miss out on this fantastic investment opportunity! This 3-bedroom property is ideally situated in a neighborhood where renovated homes are selling for top dollar. The potential for a high return on investment (ROI) is significant for a buyer with the right vision.
R
Raymond Lam
Listing Agent
Nearby schools
2/10
Ethel I. Baker Elementary School
Public,•K-6•0.2mi
2/10
Pacific Elementary School
Public,•K-6•0.6mi
3/10
Fern Bacon Middle School
Public,•7-8•1.2mi
2/10
Will C. Wood Middle School
Public,•7-8•1.4mi
2/10
Hiram W. Johnson High School
Public,•9-12•2.2mi
5/10
C. K. Mcclatchy High School
Public,•9-12•2.5mi
Condition Rating
Poor
Built in 1963, this property is over 60 years old and explicitly marketed as a 'Diamond in the Rough' requiring 'significant renovation' and a 'buyer with the right vision.' The exterior image shows a dated appearance with signs of deferred maintenance (worn garage door, cracked driveway). While no interior photos are provided, the description and age strongly suggest that the kitchen, bathrooms, appliances, fixtures, flooring, and all major systems (plumbing, electrical, HVAC) are outdated and require substantial repairs and rehabilitation to meet current standards. It is not move-in ready and would be uncomfortable in its current state.
Pros & Cons
Pros
Investment Potential: Explicitly marketed as a 'fantastic investment opportunity' with 'potential for a high return on investment (ROI)' in a neighborhood where renovated homes are selling for top dollar.
Favorable Location: The property is 'ideally situated in a neighborhood' that supports strong returns for renovated properties, indicating good market demand.
No Association Fees: The absence of association fees (HOA) reduces monthly ownership costs, making it more attractive to investors and homeowners.
Proximity to Elementary School: Ethel I. Baker Elementary School is conveniently located just 0.19 miles away, a significant advantage for families with young children.
Good Lot Size: With a lot size of 6098.4 sqft, the property offers ample outdoor space for potential landscaping, expansion, or recreational use.
Cons
Requires Significant Renovation: Described as a 'Diamond in the Rough' requiring a 'buyer with the right vision,' indicating substantial renovation and capital investment are needed to realize its full potential.
Age of Property: Built in 1963, the property is over 60 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and finishes that will likely need replacement during renovation.
Mixed School Ratings: While one high school has a high rating, several closer elementary and middle schools, as well as another high school, have lower ratings (2 or 3), which might be a concern for some families.