511 Franesi Way, Sacramento, CA 95838, Sacramento, 95838 - 4 bed, 3 bath
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511 Franesi Way
Sacramento, CA 95838
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,996Sq Ft
5,663Lot Size
Property Price
LIST PRICE$499,999
EST. MARKET VALUE
$481,004
3% AboveMARKET VALUE
SUMMARY
This Spacious Multi-Family Capable Home is a High-Potential Investment Opportunity, listed at $499,999—positioned well above the $481,005 Fair Market Value by 3%. Despite the premium, the property offers a Condition Rating of 4, featuring fresh interior paint and a versatile 4-bed/3-bath layout ideal for multi-generational living. With low-maintenance landscaping and potential for RV access, it provides functional utility. While local school ratings are modest, the proximity to HWY 80 ensures strong commuter appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, flexible floor plan.
Estimated Market Value
$481,004
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 511 Franesi Way Subject | $499,999* List Price | 4 | 3 | 1,996 | $241 | - |
A 15 Fig Leaf Court Sold | $490,000 | 4 | 3 | 1,963 | $250 | 1.0 mi |
B 4 Coso Court Sold | $515,000 | 4 | 3 | 1,963 | $262 | 0.8 mi |
C 10 Fig Leaf Ct Sold | $489,000 | 3 | 2 | 1,616 | $303 | 0.9 mi |
D 251 Sugnet Way Sold | $465,000 | 3 | 3 | 1,715 | $271 | 0.8 mi |
E 330 Mcdaniel Circle Sold | $437,500 | 3 | 3 | 1,715 | $255 | 0.7 mi |
F 114 Pinedale Avenue Pending | $469,000 List Price | 3 | 3 | 1,854 | $253 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1991 (33 years old), the property exceeds the 20-year threshold for 'Fair' condition. While it features fresh interior paint and newer flooring making it move-in ready, the kitchen and bathrooms remain dated with original oak cabinetry and tile countertops that require modernization.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value and Size
Priced under $500,000 for nearly 2,000 square feet with four bedrooms, this property offers a highly competitive price-per-square-foot for the Sacramento market.
- Move-In Ready Condition
The interior has been freshly painted and is well-maintained, allowing buyers to move in immediately without the need for costly initial renovations.
- Versatile Outdoor Space
The low-maintenance backyard features a fire pit and potential RV access, providing a functional outdoor area without the burden of intensive landscaping or lawn care.
CONSRISKS & DEFICIENCIES
- School District Ratings
The assigned local schools currently hold lower academic ratings, which may be a drawback for families prioritizing high-performance educational environments.
- Highway Proximity
While offering convenient commuter access, the property's close proximity to Highway 80 may result in increased ambient traffic noise.
About 511 Franesi Way
Interior freshly painted and move-in ready while priced under $500k for a 1996 square feet with 4 beds/3 baths. Full bath and bedroom upstairs make it perfect for multi-family setup. Low-maintenance yard with no grass to mow and a fire pit in the backyard to enjoy. Potential for RV access in the front yard and potential access in backyard. HVAC replaced in 2023, wood floors, plantation shutters, this house is move-in ready. Close access to HWY 80 being minutes away and located minutes from 2 parks, Taylor and Robla. Assigned schools are: Taylor Elementary, Norwood Junior and Rio Linda High School.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1991
- Lot Size
- 5,663 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Taylor Street Elementary School
Grades K-6 • 0.1 mi
3/10
Glenwood Elementary School
Grades K-6 • 0.5 mi
3/10
Del Paso Heights Elementary School
Grades K-6 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,996 | 1,540.857 |
| Lot Size | 5,663 | 6,330.116 |
| Price | $500.0K | $508.1K |
| Price per sq ft | $251 | $333 |
| Built year | 1991 | 1975 |
| HOA | $0 | $128 |
| Days on market | 30 | 45 |
Pricing History
Listed for Sale
Aug 10, 2026
$499,999
Initial Listing
Sold
Oct 2, 1991
$163,500
Public Record