
Fair Oaks, CA 95628
This property presents a High-Potential Investment Opportunity with a List Price of $790,000—positioned well below the $826,376 Fair Market Value by 4%. This valuation gap offers $36,376 in Instant Equity for buyers. Featuring a Modernized Chef's Kitchen and a Condition Rating of 4, the home requires cosmetic updates to reach its full potential. Located across from Phoenix Park, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4800 Runway Dr Subject 4 bd · 3 ba · 2,526 sqft · $322 | $769,900* List Price | 4 | 3 | 2,526 | $322 | - |
A 5028 Big Canyon Lane Sold 3 bd · 3 ba · 2,301 sqft · $326 · 0.8 mi | $749,000 | 3 | 3 | 2,301 | $326 | 0.8 mi |
B 5326 Flyway Drive Sold 4 bd · 3 ba · 3,042 sqft · $304 · 0.6 mi | $926,000 | 4 | 3 | 3,042 | $304 | 0.6 mi |
C 8901 Cedarvillage Drive Sold 4 bd · 2 ba · 1,726 sqft · $371 · 0.4 mi | $640,000 | 4 | 2 | 1,726 | $371 | 0.4 mi |
D 4800 Runway Drive Active 4 bd · 3 ba · 2,526 sqft · $317 · 0.0 mi | $800,000 List Price | 4 | 3 | 2,526 | $317 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The kitchen has been beautifully renovated with modern shaker cabinets and stone countertops. However, the rest of this 1990-built home is dated and requires cosmetic updates, including new carpet, interior paint, and professional pool servicing.
The kitchen is a fully remodeled showpiece featuring Shaker cabinets, stone countertops, a center island, and double ovens, requiring no additional investment.
Situated in the desirable Phoenix Field neighborhood directly across from Phoenix Park, the property offers beautiful park views and immediate access to extensive community amenities.
Priced below market comparables, this home provides a rare opportunity for buyers to build immediate sweat equity through straightforward cosmetic improvements.
The home features dated carpeting and interior paint throughout, necessitating a budget for immediate aesthetic updates upon possession.
The backyard requires attention, specifically professional pool servicing and cosmetic updates to the patio area to restore its full functionality and appeal.
This 4 bed, 3 bath, 2,526 sq ft home in Fair Oaks' sought-after Phoenix Field neighborhood offers something increasingly rare: a great house at a price that leaves room for your own improvements. The kitchen is the showpiece and needs nothing. Shaker cabinets, stone countertops, a center island with range hood, peninsula workspace, and double ovens make it ready for everything from weeknight dinners to holiday hosting. The living room, anchored by a fireplace, carries the same warmth. The rest is honest opportunity. Carpet and interior paint are dated and due for replacement. The pool needs professional servicing and cleanup, and the patio would benefit from cosmetic updates. These are straightforward, well-understood projects, and they're reflected in the asking price. At this price, this home is priced below comparable listings in the area. Located directly across from Phoenix Park, with a playground, dog park, baseball field, and community garden, it's a strong fit for active families. Bring your vision and your contractor.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades K-6 • 4.4 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,526 | 1,905.543 |
| Lot Size | 9,052 | 10,497.37 |
| Price | $769.9K | $653.6K |
| Price per sq ft | $305 | $336 |
| Built year | 1990 | 1976 |
| HOA | $0 | $343 |
| Days on market | 45 | 41 |
Oct 8, 2026
$769,900
$790,000
-3% Price Drop
Initial Listing
Sep 9, 2026
$790,000
Initial Listing
Jul 16, 2021
$800,000
Public Record
Dec 22, 2005
$596,000
Public Record