4936 1st Parkway, Sacramento, CA 95823, Sacramento, 95823 - 3 bed, 2 bath
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Sacramento, CA 95823
This Single Family Residence presents a Strong Value Opportunity, listed at $385,000—positioned well below the $424,999 Fair Market Value by 9%. This valuation gap offers $39,999 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a new 50-year roof, a Granite Transformation Kitchen, and a custom garage. While local school ratings are modest, the expansive lot and turnkey interior make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4936 1st Parkway Subject | $385,000* List Price | 3 | 2 | 1,529 | $278 | - |
A 5040 North Parkway Sold | $432,000 | 3 | 2 | 1,344 | $321 | 0.2 mi |
B 4636 Goya Parkway Sold | $450,000 | 3 | 2 | 1,514 | $297 | 0.9 mi |
C 4366 Greenwich Circle Sold | $420,000 | 3 | 2 | 1,404 | $299 | 0.4 mi |
D 4961 I Parkway Sold | $455,000 | 3 | 2 | 1,400 | $325 | 0.9 mi |
E 6811 Bowling Drive Sold | $424,500 | 4 | 2 | 1,674 | $254 | 0.4 mi |
F 4350 Green Tree Drive Sold | $393,000 | 3 | 2 | 1,240 | $317 | 0.3 mi |
G 7366 West Parkway Pending | $479,000 List Price | 3 | 2 | 1,580 | $303 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1960, the property has undergone significant updates that make it move-in ready. Key improvements include a brand-new 50-year roof, a renovated kitchen with granite countertops and stainless steel appliances, and updated tile flooring. The systems and interior finishes appear to be within the 5-15 year renovation window, meeting the criteria for a well-maintained, functional home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1529.
The property features a brand-new 50-year roof installed in April 2026, providing significant long-term value and peace of mind regarding future maintenance costs.
Situated on a generous 7,841 sqft lot, the home offers a large backyard with a covered patio, ideal for year-round entertaining and outdoor activities.
The assigned public schools for this address have relatively low ratings, ranging from 2 to 4, which may be a drawback for families prioritizing education.
Built in 1960, the property may require updates to older mechanical or plumbing systems that are typical for a home of this era, despite recent cosmetic improvements.
Welcome to Sacramento living at its best! New 50 year roof (4/2026 ~ PRC Roofing). This charming 3 bedroom, 1.5 bath home is located in the desirable Sky Pkwy neighborhood and offers the perfect blend of comfort, functionality, and outdoor living. Situated on a huge lot, the property features a gorgeous backyard complete with a covered patio, ideal for entertaining, relaxing, or enjoying year-round outdoor living. Inside, you'll love the great floor plan designed for both everyday living and hosting guests. The beautiful Granite Transformation Kitchen showcases granite countertops, ample cabinetry, and plenty of workspace for cooking and gathering. The spacious bedrooms and well-appointed bathrooms provide comfort and convenience throughout the home. The garage has hardwood ceilings with cabinets suitable for storage and epoxy flooring.Conveniently located close to freeway access, shopping, parks, and schools, this home offers both tranquility and accessibility in one of the area's most desirable neighborhoods. Don't miss this fantastic opportunity to own a beautiful home in a prime location!
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 0.8 mi
Grades K-6 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,529 | 1,400 | 70% |
| Lot Size | 7,841 | 6,534 | 82% |
| Price | $385.0K | $430.0K | 18% |
| Price per sq ft | $252 | $316 | 12% |
| Built year | 1960 | 1980 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 193 | 1% |
May 27, 2026
$385,000
Initial Listing