
Vallejo, CA 94591
This Value-Add Residential Asset is listed at $479,940, situated in the highly sought-after Castlewood Gardens neighborhood of East Vallejo. Carrying a Condition Rating of 5, the 1955-built home requires a comprehensive interior and systems overhaul to realize its full potential. While the price sits above the $356,820 Fair Market Value, the property’s 3-bedroom floor plan, fireplace, and 5,227 sqft lot offer a solid foundation for forced appreciation in a stable market. Positioned near Annie Pennycook Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 467 Baywood Dr Subject | $479,940* List Price | 3 | 1 | 1,008 | $362 | - |
A 818 Ashwood Avenue Sold | $492,000 | 3 | 2 | 1,200 | $410 | 0.2 mi |
B 795 Rosewood Avenue Sold | $415,000 | 3 | 2 | 1,121 | $370 | 0.4 mi |
C 108 Revere St Sold | $350,000 | 3 | 1 | 936 | $374 | 0.8 mi |
D 112 Dyer Court Sold | $470,000 | 3 | 2 | 1,247 | $377 | 0.2 mi |
E 727 Tregaskis Avenue Sold | $485,000 List Price | 3 | 1 | 1,184 | 1.0 mi | |
F 626 Rollingwood Drive Active | $399,500 List Price | 3 | 1 | 1,132 | $353 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1955 (69 years old) and the listing lacks any mention of recent renovations, placing it well beyond the 30-year threshold for major systems. The 'Great Opportunity' marketing language typically indicates a fixer-upper requiring significant rehab to the kitchen, bathroom, and potentially aging systems.
Located in the much-sought-after Castlewood Gardens area, this property offers the benefit of an established and highly regarded residential community.
Priced under $480,000, this home represents a significant opportunity for first-time buyers or investors to acquire a single-family residence at an accessible price point.
The practical one-story floor plan features a cozy fireplace and efficient use of its 1,008 square feet, making it ideal for those seeking accessibility and ease of maintenance.
With only one bathroom serving three bedrooms, the property may present logistical challenges for larger families or multi-occupant households.
The property is zoned for schools with lower performance ratings, including a 3/10 for the nearest elementary and high schools, which could impact long-term appreciation and appeal to families.
Great Price! Great Opportunity! 1 story floor plan. Much-sought-after neighborhood of Castlewood Gardens. This property features 3 bedrooms and 1 bathroom, Living room with fireplace, nice size kitchen and bedrooms. The property is subject to California Civil Code Section 2429p for the first 30 days of marketing.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 1.5 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 1,008 | 1,545 | 14% |
| Lot Size | 5,227 | 6,098.4 | 23% |
| Price | $479.9K | $525.0K | 41% |
| Price per sq ft | $476 | $333 | 90% |
| Built year | 1955 | 1966 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 224 | 1% |
Apr 27, 2026
$479,940
Initial Listing
Jun 9, 2023
$168,000
Public Record
Apr 18, 2005
$375,000
Public Record