500 N Street 1607, Sacramento, CA 95814, Sacramento, 95814 - 2 bed, 2 bath

500 N Street 1607
Sacramento, CA 95814
Property Price
SUMMARY
Analysis of 500 N Street 1607, Sacramento, CA 95814 is currently available with a list price of $540,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1981 penthouse is in move-in ready condition with significant recent cosmetic updates. The unit features updated flooring throughout, fresh paint, and a new stainless steel stove. The kitchen and bathrooms have been modernized with contemporary vanities and stone countertops. While the building is over 40 years old, the interior of the unit has been well-maintained and refreshed within the last few years, meeting the criteria for a 'good' rating as it requires no immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Penthouse Views & Natural Light
As a top-floor corner unit, this penthouse features floor-to-ceiling windows and an additional west-facing window, providing iconic views of the State Capitol and downtown skyline alongside abundant natural light.
- Expansive Private Balcony
The property boasts a rare, full-length private balcony accessible from both the living area and bedrooms, offering significant outdoor living space that is highly coveted in an urban high-rise setting.
- Prime Urban Walkability
Located in the heart of Downtown Sacramento, the residence is within a mile of the Golden 1 Center, Capitol Mall, and the riverfront, offering unparalleled access to premier dining, entertainment, and transit.
CONSRISKS & DEFICIENCIES
- Building Age
Constructed in 1981, the building may lack the modern energy efficiencies and contemporary architectural aesthetics found in newer luxury developments within the downtown core.
- High Association Fees
The monthly association fee of $547 represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for some prospective buyers.
About 500 N Street 1607
Penthouse living in the heart of Downtown Sacramento. Perched on the top floor, this corner penthouse offers sweeping city and treetop views with an expansive private balcony that spans the length of the unit accessible from the living area and both bedrooms. From this elevated vantage point, enjoy morning light, glowing city evenings, and long-range views. The corner location provides an extra west-facing window that opens, creating excellent natural light and cross-breezes throughout the home. Beautiful flooring and an open living space frame iconic sight lines, including views toward the Capitol and downtown skyline, making this residence feel airy, calm, and distinctly above it all. This 2 bed, 2 bath includes floor-to-ceiling windows, Updated flooring, paint, new stove,a stacked laundry unit, and secure underground parking with EV access.Private amenities include a swimming pool and spa, gym, secured entrance. Within one mile, there are dozens of restaurants, breweries, museums, art galleries, parks, shopping, light rail transit, and the riverfront! Just minutes away are NBA basketball, concerts, and other events at the Golden 1 Center, minor league baseball at the River Cats' stadium, outdoor festivals along Capitol Mall, and historic Old Sacramento. Whether you're enjoying a quiet morning coffee above the trees or an evening glass of wine with city lights as your backdrop, this penthouse delivers a rare combination of top-floor privacy, iconic views, and an unbeatable downtown location. Photos have been digitally altered with furniture.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 54,929,160 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $547 / Month
Neighborhood Insights
Sacramento Unified Schools
William Land Elementary School
Grades K-6 • 0.7 mi
Washington Elementary School
Grades K-6 • 1.2 mi
Bryte Elementary School
Grades K-2 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,261 | 1,261 | 50% |
| Lot Size | 54,929,160 | - | 92% |
| Price | $540.0K | $370.0K | 77% |
| Price per sq ft | $428 | $428 | 50% |
| Built year | 1981 | 1981 | 50% |
| HOA | $547 | $547 | 50% |
| Days on market | 64 | 121 | 15% |
Pricing History
Listed for Sale
Jan 2, 2026
$540,000
Initial Listing
Sold
Aug 17, 2005
$395,000
Public Record










































