5124 Walnut Avenue, Sacramento, CA 95841, Sacramento, 95841 - 3 bed, 2 bath
ACTIVE$780,000
5124 Walnut Avenue, Sacramento, CA 95841
3Beds
2Baths
1,246Sqft
22,499Lot
Price Vs. Estimate
The estimated value ($780,000) is $0 (0%) lower than the list price ($780,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22499, living area = 1246.
Top Cons:
Commercial Financing Mandate: Requires commercial lending, which can be more complex and restrictive than residential financing, potentially limiting the buyer pool.
Compared to the nearby listings
Price:$780.0K vs avg $452.0K (+$328,000)95%
Size:1,246 sqft vs avg 1,444 sqft15%
Price/sqft:$626 vs avg $30798%
More Insights
Built in 1948 (77 years old).
Condition: Despite being built in 1948, the listing explicitly states the house was 'fully renovated' and 'rebuilt' with all work signed off by an inspector. The images support this, showcasing a modern kitchen with new white shaker cabinets, concrete-look countertops, stainless steel appliances (dishwasher, range hood, induction cooktop), and contemporary polished concrete/epoxy flooring. Recessed lighting is present throughout the updated interior. While no bathroom images are provided, the extensive renovation described and visible in the kitchen and general living areas strongly indicates that the entire interior, including bathrooms, has been brought to a virtually new, high-quality standard, meeting current design and functional expectations.
Year Built
1948
Close
-
List price
$780K
Original List price
-
Price/Sqft
$626
HOA
$0
Days on market
-
Sold On
-
MLS number
225120213
Home ConditionExcellent
Features
View-
About this home
This property is zoned LC commercial and financing needs to be commercial lending only. Seller may carry with a minimum of $400,000 down on approved credit and financials. The house is grandfathered in as residential use. The house was rebuilt and all signed off by inspector. Call for more details. The house was fully renovated, and although the county notes a difference in the restrooms, it features two full restrooms in the house and a half-bathroom in the warehouse. Have the buyer check with the county to confirm.
Price History
Date
Event
Price
03/13/23
Sold
$469,000
01/04/21
Sold
$450,000
07/07/08
Sold
$220,000
Condition Rating
Excellent
Despite being built in 1948, the listing explicitly states the house was 'fully renovated' and 'rebuilt' with all work signed off by an inspector. The images support this, showcasing a modern kitchen with new white shaker cabinets, concrete-look countertops, stainless steel appliances (dishwasher, range hood, induction cooktop), and contemporary polished concrete/epoxy flooring. Recessed lighting is present throughout the updated interior. While no bathroom images are provided, the extensive renovation described and visible in the kitchen and general living areas strongly indicates that the entire interior, including bathrooms, has been brought to a virtually new, high-quality standard, meeting current design and functional expectations.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22499, living area = 1246.
Flexible Zoning & Use: Zoned LC Commercial with grandfathered residential use, offering unique live/work or commercial development potential for diverse buyers.
Extensive Renovation: The house has been fully rebuilt and renovated, with all work signed off by an inspector, ensuring modern updates and structural integrity.
Seller Financing Option: The seller offers a financing option with a $400,000 down payment, potentially easing the commercial lending burden for qualified buyers.
Generous Lot Size: A substantial 22,499 sqft lot provides ample space for various uses, expansion, or outdoor amenities.
Functional Layout with Warehouse Amenities: Features 2.5 bathrooms, including a convenient half-bath in the warehouse, enhancing functionality for diverse uses.
Cons
Commercial Financing Mandate: Requires commercial lending, which can be more complex and restrictive than residential financing, potentially limiting the buyer pool.
Zoning & Permitting Ambiguity: The dual zoning and the explicit need for buyers to verify county records regarding restrooms introduce potential complexities and due diligence requirements.
Significant Down Payment for Seller Carry: While seller financing is an option, the $400,000 minimum down payment is substantial and may still be a barrier for many prospective buyers.