
Sacramento, CA 95835
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $725,000—positioned well below the $730,561 Fair Market Value by 0.76%. This valuation gap offers $5,561 in Instant Equity for the buyer. Featuring a 3,052 sq. ft. floor plan, a 3-car garage, and a large 1/4-acre lot with a patio, the home maintains a Condition Rating of 3 with recent HVAC and plumbing upgrades. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a solid, move-in ready foundation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5040 Alterra Way Subject | $725,000* List Price | 4 | 3 | 3,052 | $239 | - |
A 1565 Danbrook Drive Sold | $787,500 | 4 | 4 | 3,179 | $248 | 0.1 mi |
B 1521 Arcola Avenue Sold | $610,000 | 4 | 3 | 2,048 | $298 | 0.1 mi |
C 1428 Monkton Way Sold | $698,029 | 4 | 3 | 2,831 | $247 | 0.2 mi |
D 380 Lyman Circle Sold | $640,000 | 3 | 3 | 2,656 | $241 | 0.3 mi |
E 1459 Monkton Way Sold | $740,000 | 4 | 3 | 2,831 | $261 | 0.3 mi |
F 8 Anton Court Sold | $622,500 | 4 | 2 | 2,191 | $284 | 0.8 mi |
G 1420 Monkton Way Sold | $640,000 | 4 | 2 | 2,098 | $305 | 0.2 mi |
H 1521 Mayfield Street Sold | $635,000 | 3 | 3 | 2,136 | $297 | 0.2 mi |
I 1700 Montara Avenue Active | $790,000 List Price | 5 | 4 | 2,938 | $269 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2002, the home is well-maintained and move-in ready with significant recent system upgrades including a newer HVAC (2022) and plumbing/water heater (2025). While the kitchen and bathrooms are functional and clean, they reflect the original 20-year-old style; however, fresh interior paint and newer carpeting elevate the overall condition.
The property features significant recent capital improvements, including a newer HVAC system and insulation (2022) and updated plumbing and water heater (2025), offering buyers immediate peace of mind and reduced maintenance costs.
A rare find in this market, the 3,052 sq. ft. single-story floor plan provides an oversized great room and high ceilings, situated on a generous nearly quarter-acre lot with a 3-car garage.
With fresh interior paint, newer carpeting, and a clear Section 1 termite report already secured, the home is move-in ready while still providing an opportunity for cosmetic value-add.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned local schools, such as Natomas Middle (3/10) and Natomas Park Elementary (4/10), may be a deterrent for families prioritizing high-performing educational districts.
While major systems are updated, the home likely retains many original 2002-era finishes in the kitchen and bathrooms, which may require additional investment to meet modern luxury standards.
BIG updates + BIG space + BIG lot! Peace of mind starts here at 5040 Alterra Way with newer plumbing + water heater (2025), a newer heating & cooling system including insulation (2022), and a clear Section 1 termite report. Some of the biggest and most important items are already taken care of, giving you the freedom to focus on making the home your own. And there's plenty of room to work with! This 3,052 sq. ft. SINGLE-STORY home offers 4 bedrooms, 2.5 bathrooms, a 3-car garage, and sits on an impressive nearly 1/4-acre lot: a combination that's getting harder to find. Inside, the oversized great room is truly the heart of the home, with high ceilings, an open-concept kitchen, and tons of space for everyday living, movie nights, entertaining, or gathering with family and friends. The generous floor plan gives everyone room to spread out while keeping the main living areas connected. The home also features fresh interior paint and newer carpet, giving it a clean, comfortable feel from the moment you walk in. There's still an opportunity to add your own cosmetic touches and style, but with the major systems and some key updates already addressed, you can start with a solid foundation. If you've been looking for a LOT of house, a LOT of yard, and the peace of mind that comes with important recent updates, 5040 Alterra Way deserves a spot on your list. Come see all the possibilities for yourself!
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.1 mi
Grades K-6 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,052 | 1,540.857 |
| Lot Size | 10,097 | 6,330.116 |
| Price | $725.0K | $508.1K |
| Price per sq ft | $238 | $333 |
| Built year | 2002 | 1975 |
| HOA | $91 | $128 |
| Days on market | 7 | 45 |
Sep 2, 2026
$725,000
Initial Listing
Nov 6, 2008
$459,500
Public Record
Feb 1, 2005
$650,000
Public Record