4701 Pennsylvania Avenue, Fair Oaks, CA 95628, Fair Oaks, 95628 - 3 bed, 1 bath
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Fair Oaks, CA 95628
This Fair Oaks Fixer-Upper represents a significant Value-Add Opportunity with a List Price of $450,000. Though currently assessed at a $367,438 Fair Market Value, the property’s true potential lies in its rare structural assets and prime location. Boasting a Condition Rating of 5, the home features a unique 839 sq. ft. full basement and a massive 0.29-acre lot near St. Mel's School. Located steps from the American River bike trail, the site is primed for a "down-to-the-studs" modernization to capture high neighborhood premiums. This project is ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4701 Pennsylvania Avenue Subject | $450,000* List Price | 3 | 1 | 2,082 | $176 | - |
A 8011 Glenbar Way Sold | $555,000 | 4 | 2 | 1,980 | $280 | 0.3 mi |
B 7825 Greenridge Way Sold | $470,000 | 4 | 2 | 1,688 | $278 | 0.4 mi |
C 8075 Vintage Way Sold | $525,000 | 4 | 3 | 2,193 | $239 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This property is a classic fixer-upper requiring substantial rehabilitation and modernization. While the HVAC and water heater were updated in 2017, the core of the home is severely dated, featuring a 1970s-era kitchen, wood-paneled walls, drop ceilings, and worn flooring. The listing description itself suggests the possibility of taking the structure 'down to the studs,' indicating that major systems, cosmetic finishes, and potentially structural elements need significant investment to meet modern living standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12632, living area = 2082.
Situated in a highly sought-after neighborhood near Fair Oaks Village and the American River bike trail, offering exceptional lifestyle appeal and strong investment potential.
The large 0.29-acre lot is a private oasis featuring mature fruit trees and flowering gardens, providing ample space for outdoor living or property expansion.
With a kitchen dating back to the 1970s and an overall aged interior, the home requires a substantial capital investment to modernize or rebuild.
The roof is only partially in good condition and the home's age—potentially dating to 1904—suggests possible hidden structural or system challenges beyond the 2017 HVAC updates.
This home offers a great Opportunity to create your dream home in a prime Fair Oaks location. Built in 1949, this home has been in the same family for 3 generations. Close to St. Mel's School, Fair Oaks Village's great restaurants, shopping and entertainment hub as well as the American River bike trail, this property offers an opportunity rarely found. In one of the most sought after Fair Oaks neighborhoods, it is not merely a dwelling but a fantastic investment property, eagerly awaiting its next chapter. It features a rare full basement (839 sq ft). Main house is approx 1,200 sq ft. The large .29 ace lot is tree lined and filled with fruit tress and flowering garden plants. Whether you keep the layout and remodel the home or take it down to the studs to create a showpiece, this residential property is a genuine treasure chest of possibilities, poised to become a magnificent showcase of clever ingenuity and strategic development. Property Details: partial wood dual pane windows. wood floors in living room and main bedroom, HVAC and water heater replaced in 2017, about half the roof looks in good shape, high 9-10 ft ceilings, waste lines replaced with ABS, cinder block and concrete foundation, tax records say built in 1949, seller thinks it is actually 1904, kitchen appears to have been remodeled in the 1970's. Buyer to verify all information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 2,082 | 1,934 | 56% |
| Lot Size | 12,632 | 10,724.5 | 67% |
| Price | $450.0K | $647.5K | 8% |
| Price per sq ft | $216 | $336 | 3% |
| Built year | 1949 | 1971 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 181 | 1% |
Mar 30, 2026
$450,000
Initial Listing