4965 I Parkway, Sacramento, CA 95823, Sacramento, 95823 - 3 bed, 2 bath
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Sacramento, CA 95823
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $399,990—positioned well below the $413,203 Fair Market Value by 3%. This valuation gap offers $13,213 in Instant Equity. Featuring a 3-bedroom, 2-bath layout with central HVAC and a private patio, the home maintains a Condition Rating of 3. While school ratings in the area are modest, the rare FHA assumable loan at 4.625% provides a significant financial advantage. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4965 I Parkway Subject | $399,990* List Price | 3 | 2 | 1,281 | $323 | - |
A 4961 I Parkway Sold | $455,000 | 3 | 2 | 1,400 | $325 | 0.0 mi |
B 5040 North Parkway Sold | $432,000 | 3 | 2 | 1,344 | $321 | 0.9 mi |
C 7007 Uranus Pkwy Sold | $435,000 | 3 | 2 | 1,193 | $365 | 0.7 mi |
D 4631 Beechnut Way Sold | $439,000 | 4 | 2 | 1,232 | $356 | 0.6 mi |
E 20 Lochmoor Sold | $399,000 | 3 | 2 | 1,162 | $343 | 0.8 mi |
F 4350 Green Tree Drive Sold | $393,000 | 3 | 2 | 1,240 | $317 | 0.9 mi |
G 86 Audia Circle Sold | $401,350 | 3 | 2 | 1,160 | $346 | 0.9 mi |
H 7609 Circle Parkway Pending | $435,000 List Price | 3 | 2 | 1,152 | $378 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1956, the property is well-maintained and move-in ready. The kitchen and bathrooms have been refreshed with newer countertops, stainless steel appliances, and updated laminate flooring, likely within the last 5-15 years. The inclusion of central HVAC and a roof in seemingly good condition supports a functional, mid-range rating despite some dated aesthetic elements like older cabinetry and bathroom tile.
The property offers a rare FHA assumable loan at a 4.625% interest rate, providing a significant competitive advantage and lower monthly payments in the current high-rate environment.
Listed at $399,990, the home is priced significantly below its 2022 sale price of $460,000, offering immediate equity potential and a strong entry point for the Sacramento market.
This well-proportioned 3-bedroom, 2-bathroom home includes desirable features such as wood flooring, central heating and cooling, and a 2-car garage on a generous 6,970 square foot lot.
The assigned public schools for this address have low ratings, mostly ranging between 2 and 4, which may impact long-term resale value and appeal to families.
Built in 1956, the property is marketed as an opportunity for buyers to 'make their own,' suggesting that cosmetic updates or modernization of older systems may be required.
sk how to assume this FHA loan at 4.625%!! Welcome to 4965 I Pkwy, a charming 3-bedroom, 2-bath Sacramento home offering 1,281 square feet of comfortable living space on a generously sized 6,970 square foot lot. Built in 1956, this single-family residence offers a functional layout, classic character, and a 2-car garage for added convenience. You'll love features such as wood flooring, a great room, breakfast nook, and central heating and cooling, making this home a solid blend of comfort and practicality. With plenty of outdoor space and a well-established neighborhood setting, this property presents a great opportunity for buyers looking for a place to make their own.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.6 mi
Grades K-6 • 1.3 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 | 1,281 | 1,402 | 36% |
| Lot Size | 6,970 | 6,198.5 | 62% |
| Price | $400.0K | $431.0K | 24% |
| Price per sq ft | $312 | $316 | 47% |
| Built year | 1956 | 1980 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 195 | 1% |
Jun 12, 2026
$399,990
Initial Listing
Mar 16, 2022
$460,000
Public Record
Jan 3, 2017
$250,000
Public Record
Jul 27, 2001
$132,000
Public Record
Oct 14, 1994
$60,000
Public Record