4601 Palm Ave #3, Sacramento, CA 95842, Sacramento, 95842 - 2 bed, 1 bath
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4601 Palm Ave #3
Sacramento, CA 95842
ACTIVE
CONDITION: FAIR
2Beds
1Baths
840Sq Ft
1,834Lot Size
Property Price
LIST PRICE$220,000
EST. MARKET VALUE
$174,152
26% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $220,000—positioned well above the $174,152 Fair Market Value by -26%. While the pricing reflects a premium, the Fair Condition Rating (4/10) and 1970 construction indicate a need for modernization. Located near Woodridge Elementary and Foothill Ranch Middle, the unit offers a stable community setting. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of executing value-add renovations to modernize the dated interior systems.
Estimated Market Value
$174,152
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 |
|---|---|---|---|---|---|---|
★ 4601 Palm Ave #3 Subject 2 bd · 1 ba · 840 sqft · $207 | $220,000* List Price | 2 | 1 | 840 | $207 | - |
A 4525 Palm Avenue 2 Sold 2 bd · 1 ba · 840 sqft · $213 · 0.1 mi | $179,000 | 2 | 1 | 840 | $213 | 0.1 mi |
B 4720 Greenholme Drive 4 Sold 2 bd · 1 ba · 924 sqft · $189 · 0.2 mi | $175,000 | 2 | 1 | 924 | $189 | 0.2 mi |
C 4427 Palm Avenue 3 Active 2 bd · 1 ba · 840 sqft · $237 · 0.2 mi | $199,000 List Price | 2 | 1 | 840 | $237 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1970 (54 years old). While the listing describes the community as well-maintained, the age of the structure and the visible exterior HVAC unit suggest that the kitchen, bathrooms, and primary systems are dated (>20 years) and likely require minor repairs or modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Listed at $220,000, this property represents an excellent entry point for first-time buyers or investors looking for affordability within the Sacramento market.
- Established Community Setting
The residence is nestled in a well-maintained community featuring mature trees and green spaces, offering a more pleasant and settled environment than many high-density complexes.
- Proximity to Education and Amenities
The property boasts a highly convenient location with several schools, including Woodridge Elementary and Foothill Ranch Middle, within walking distance, alongside easy access to local shopping and dining.
CONSRISKS & DEFICIENCIES
- Limited Living Space
With only 840 square feet and a single bathroom for a two-bedroom unit, the layout may feel restrictive for families or those requiring more functional space.
- Vintage Construction
Built in 1970, the property may require modern aesthetic updates or face higher long-term maintenance needs compared to newer condominium developments.
About 4601 Palm Ave #3
Welcome to 4601 Palm Avenue, Unit 3! This charming two-story residence is nestled within an established, well-maintained residential community. Enjoy a welcoming courtyard with mature trees, green space, and a walkway leading to your front door. The property offers a comfortable residential setting with convenient access to nearby shopping, dining, schools, and major roadways. Come see what this home has to offer!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1970
- Lot Size
- 1,834 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350 / Month
Neighborhood Insights
Sacramento Unified Schools
Woodridge Elementary School
Grades K-4 • 0.4 mi
2/10
Madison Elementary School
Grades K-6 • 0.8 mi
4/10
Hillsdale Elementary School
Grades K-6 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.8 |
| Square foot | 840 | 1,038.082 |
| Lot Size | 1,834 | 1,678.212 |
| Price | $220.0K | $276.4K |
| Price per sq ft | $262 | $270 |
| Built year | 1970 | 1984 |
| HOA | $350 | $420 |
| Days on market | 14 | 62 |
Pricing History
Listed for Sale
Oct 10, 2026
$220,000
Initial Listing
Sold
Jul 7, 2015
$46,000
Public Record