4948 Dewey Drive, Fair Oaks, CA 95628, Fair Oaks, 95628 - 4 bed, 4 bath
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4948 Dewey Drive
Fair Oaks, CA 95628
ACTIVE
CONDITION: GOOD
4Beds
4Baths
2,037Sq Ft
6,970Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$567,156
3% BelowMARKET VALUE
SUMMARY
This Spacious Traditional Home represents a Prime Investment Opportunity, listed at $565,000—positioned well below the $576,628 Fair Market Value by 2%. This valuation gap provides $11,628 in Instant Equity. With a Good Condition Rating, the property features updated flooring and baths, while its proximity to highly-rated schools like Harry Dewey Fundamental Elementary adds long-term stability. This residence is an ideal acquisition for Owner-Occupants seeking a move-in ready home or first-time buyers looking to build immediate wealth.
Estimated Market Value
$567,156+$17,156 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fair Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4948 Dewey Drive Subject | $550,000* List Price | 4 | 4 | 2,037 | $278 | - |
A 4970 Hillhurst Drive Sold | $560,000 | 4 | 3 | 1,924 | $291 | 0.2 mi |
B 6821 Will Rogers Drive Sold | $565,000 | 4 | 3 | 1,889 | $299 | 0.3 mi |
C 7040 Ellsworth Circle Sold | $475,000 | 3 | 2 | 1,559 | $305 | 0.4 mi |
D 4864 Papaya Drive Sold | $460,000 | 3 | 2 | 1,441 | $319 | 0.4 mi |
E 4765 Papaya Drive Sold | $540,000 | 3 | 2 | 1,598 | $338 | 0.3 mi |
F 7336 Millicent Court Sold | $515,000 | 3 | 2 | 1,506 | $342 | 0.8 mi |
G 4828 Rockland Way Sold | $476,000 | 2 | 2 | 1,441 | $330 | 0.5 mi |
H 6824 Will Rogers Drive Pending | $521,900 List Price | 4 | 3 | 1,944 | $268 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1967, the property shows evidence of a comprehensive recent refresh or mid-term renovation. The interior features updated bathroom vanities, modern laminate and hardwood flooring, and fresh neutral paint throughout. The kitchen is functional with updated cabinetry, and the overall condition is move-in ready without immediate need for major repairs, placing it in the 'Good' category despite its chronological age.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional School Proximity
The property is ideally situated within walking distance of elementary, middle, and high schools, including the highly-rated Harry Dewey Fundamental Elementary, making it a prime location for families.
- High Bed-to-Bath Ratio
Featuring four bedrooms and four bathrooms, this 2,037 sqft home offers a rare and convenient layout that provides ample privacy for large households or multi-generational living.
- Buyer Protection Plan
The inclusion of a 100-day home warranty with buyer activation adds significant value and peace of mind regarding the home's mechanical systems and appliances.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2037, other record living area = 2704. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Recently Sold Property
The property was recently sold within the past year on 2026-06-30. The sold price is $585,000.00.
- Traditional Galley Kitchen
The galley-style kitchen layout, while functional, may feel restrictive and less integrated into the living space compared to modern open-concept designs.
About 4948 Dewey Drive
4948 Dewey Dr is a two-story Fair Oaks home built in 1967 with a functional, room-by-room layout. The kitchen runs along a practical galley arrangement with white cabinetry, generous counter space, and a built-in dishwasher for daily cleanup. Open living and dining areas connect through sliding doors that draw in natural light and reach the rear yard. Four bedrooms provide flexible sleeping arrangements, and three full bathrooms plus a half bath include a soaking tub and a separate walk-in shower. A covered patio and fenced backyard extend the usable space outdoors, while a two-car attached garage adds parking and storage. Clean interior finishes complete this well-proportioned residence.. Included 100-Day Home Warranty with buyer activation
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 6,970 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fair Oaks Unified Schools
Harry Dewey Fundamental Elementary School
Grades K-6 • 0.4 mi
7/10
Thomas Kelly Elementary School
Grades K-5 • 0.6 mi
2/10
Charles Peck Elementary School
Grades K-5 • 0.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 4.0 | 2.4 |
| Square foot | 2,037 | 1,912.5 |
| Lot Size | 6,970 | 10,514.569 |
| Price | $550.0K | $656.6K |
| Price per sq ft | $270 | $347 |
| Built year | 1967 | 1978 |
| HOA | $0 | $387 |
| Days on market | 39 | 41 |
Pricing History
Listed for Sale
Aug 28, 2026
$550,000
$558,000
-1% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$558,000
$565,000
-1% Price Drop
Initial Listing
Price Change
Aug 1, 2026
$565,000
Initial Listing
Sold
Jun 30, 2026
$585,000
Public Record
Sold
Feb 1, 2005
$346,500
Public Record
Sold
Oct 13, 1994
$125,000
Public Record