4866 Alterra Way, Sacramento, CA 95835, Sacramento, 95835 - 3 bed, 2 bath
4866 Alterra Way
Sacramento, CA 95835
Property Price
SUMMARY
Analysis of 4866 Alterra Way, Sacramento, CA 95835 reveals a property with a current list price of $524,000, which is 7% above the estimated $485,300 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4866 Alterra Way Subject | $524,000* List Price | 3 | 2 | 1,475 | $329 | - |
A 5330 Alvoca Way Sold | $449,950 | 3 | 2 | 1,353 | $333 | 0.6 mi |
B Itasca Avenue Sold | $549,000 List Price | 3 | 2 | 1,630 | 0.5 mi | |
C 4950 Alterra Way Active | $515,000 List Price | 3 | 2 | 1,475 | $349 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 2003, this property is well-maintained and move-in ready with updated laminate flooring throughout. However, the kitchen features dated tile countertops and white appliances (except for the refrigerator), and the bathrooms have original-era light wood cabinetry and fixtures. While functional, these areas show signs of being outdated and would likely benefit from cosmetic updates to meet current aesthetic preferences.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated in the highly desirable North Natomas community, offering convenient access to parks, schools, shopping, restaurants, and major freeways.
- Comfortable Single-Story Living
A charming single-story home featuring a bright and open floor plan, designed for comfortable and accessible living.
- Key Home Features
Includes essential amenities such as central heat and air, a cozy fireplace, and an attached 2-car garage, enhancing daily convenience and comfort.
CONSRISKS & DEFICIENCIES
- Monthly Association Fee
The property is subject to a monthly association fee of $91, which adds to the ongoing cost of homeownership.
- Modest Lot Size
With a lot size of 5188 sqft, the outdoor space is relatively modest, potentially limiting extensive landscaping or recreational activities.
- Potential for Updates
Built in 2003, some interior finishes and systems may be original, potentially requiring updates to meet contemporary aesthetic preferences or for future maintenance.
About 4866 Alterra Way
Welcome to 4866 Alterra Way, Sacramento, CA 95835! This charming single-story home is located in the highly desirable North Natomas community. It features 3 bedrooms and 2 full bathrooms with a bright and open floor plan designed for comfortable living. The spacious living area offers plenty of natural light and includes a cozy fireplace, creating a warm and inviting atmosphere.The primary suite includes a walk-in closet and a private bathroom with dual sinks and a soaking tub. Enjoy the low-maintenance backyard, ideal for relaxing or outdoor gatherings. Additional highlights include central heat and air, an attached 2-car garage, and a convenient location close to parks, schools, shopping, restaurants, and easy freeway access. This home offers the perfect blend of comfort, function, and convenience in one of Sacramento's most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 5,188 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $91 / Month
Neighborhood Insights
Sacramento Unified Schools
Natomas Park Elementary School
Grades K-5 • 0.5 mi
Regency Park Elementary School
Grades K-5 • 1.3 mi
Robla Elementary School
Grades K-6 • 2.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,475 | 2,011 | 12% |
| Lot Size | 5,188 | 5,145 | 51% |
| Price | $524.0K | $560.0K | 34% |
| Price per sq ft | $355 | $281 | 95% |
| Built year | 2003 | 2003 | 50% |
| HOA | $91 | $85 | 54% |
| Days on market | 117 | 183 | 19% |
Pricing History
Listed for Sale
Nov 10, 2025
$524,000
Initial Listing
Sold
Aug 27, 2021
$501,000
Public Record
Sold
Mar 23, 2006
$408,000
Public Record