440 Mills Road, Sacramento, CA 95864, Sacramento, 95864 - 5 bed, 4 bath
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440 Mills Road
Sacramento, CA 95864
ACTIVE
CONDITION: POOR
5Beds
4Baths
3,595Sq Ft
19,166Lot Size
Property Price
LIST PRICE$1,675,000
EST. MARKET VALUE
$1,724,673
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,675,000—positioned well below the $1,724,674 Fair Market Value by 2%. This valuation gap offers $49,674 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires significant modernization, yet its 0.44-acre lot and swimming pool in the prestigious Old Sierra Oaks neighborhood provide immense upside. This is a strategic acquisition ideal for Value-Add Investors or Owner-Occupants seeking to customize a signature estate.
Estimated Market Value
$1,724,673
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 |
|---|---|---|---|---|---|---|
★ 440 Mills Road Subject | $1,675,000* List Price | 5 | 4 | 3,595 | $480 | - |
A 405 Crocker Road Pending | $1,495,000 List Price | 5 | 3 | 2,760 | $542 | 0.2 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 1955 (>30 years old) and marketed as an opportunity to 'create your vision,' which typically indicates original systems and a need for a comprehensive rehab. While the exterior and pool appear maintained, the age and listing language suggest the interior, kitchen, and baths require significant modernization.
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 = 19166, living area = 3595.
- Prestigious Location
Situated in Old Sierra Oaks, one of Sacramento's most sought-after and elite neighborhoods, ensuring strong long-term property value and a high-status residential setting.
- Substantial Lot and Privacy
The expansive 0.44-acre lot features mature landscaping and a swimming pool, providing a rare level of privacy and outdoor living space in a prime urban area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Likely Renovation Needed
The 1955 construction and marketing invitation to 'create your vision' suggest the interior may be dated and require significant capital investment for modern upgrades.
- High Entry Price for a Project
At a list price of $1.675M, the property represents a high initial investment for buyers who must also budget for the extensive remodeling typically expected at this price point.
About 440 Mills Road
Located in the heart of Old Sierra Oaks, one of Sacramento's most prestigious and sought-after neighborhoods, 440 Mills Road presents a rare opportunity to own a distinctive residence in an exceptional setting. Situated on an .44-acre lot, this single-story home offers approximately 3,595 square feet with 5 bedrooms and 3.5 baths. Surrounded by beautiful established properties and mature landscaping, the residence enjoys the privacy, character and sense of peace for which Old Sierra Oaks is so highly regarded. With a swimming pool and generous grounds, the property offers wonderful possibilities. This is an exceptional opportunity to create your vision in one of Sacramento's signature residential neighborhoods where location, setting and timeless appeal come together.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 19,166 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 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 | 4.0 | 2.0 |
| Square foot | 3,595 | 1,540.857 |
| Lot Size | 19,166 | 6,330.116 |
| Price | $1.68M | $508.1K |
| Price per sq ft | $466 | $333 |
| Built year | 1955 | 1975 |
| HOA | $0 | $128 |
| Days on market | 27 | 45 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,675,000
Initial Listing