
Sacramento, CA 95820
This 1939 bungalow represents a High-Potential Investment Opportunity, listed at a List Price of $399,000—positioned well above the $337,927 Fair Market Value by -18%. While the property requires modernization due to its Condition Rating of 4, it offers historic character in the sought-after Colonial Heights neighborhood. Proximity to Mark Twain Elementary provides strong appeal for families, though the compact 995 sqft layout necessitates a strategic renovation plan. This asset is best suited for Buy-and-Hold Investors or first-time buyers capable of executing value-add improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5328 22nd Avenue Subject | $399,000* List Price | 2 | 1 | 995 | $340 | - |
A 4540 Summit Way Sold | $360,000 | 3 | 2 | 1,201 | $300 | 0.7 mi |
B 4425 61st Street Sold | $495,000 | 3 | 1 | 1,004 | $493 | 0.5 mi |
C 4925 Cabrillo Way Sold | $344,000 | 3 | 1 | 1,039 | $331 | 0.4 mi |
D 5250 21st Avenue Sold | $505,000 | 3 | 1 | 1,333 | $379 | 0.1 mi |
E 4819 62nd Street Sold | $326,000 | 3 | 1 | 1,039 | $314 | 0.5 mi |
F 4037 42nd Street Active | $314,000 List Price | 2 | 1 | 1,069 | $294 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1940 (86 years old), the property shows signs of basic maintenance such as updated dual-pane windows and fresh exterior paint. However, the description's focus on 'historic charm' and 'classic appeal' typically indicates dated interior finishes in the kitchen and bathroom (>20 years old) and likely older mechanical systems that will require modernization.
Located in the sought-after Colonial Heights area, the property benefits from beautiful tree-lined streets and a strong sense of community charm.
This 1939 bungalow features timeless architectural details and classic appeal, offering a unique aesthetic that stands out from modern developments.
Situated just 0.17 miles from Mark Twain Elementary School, the home offers exceptional walkability and convenience for families with young children.
With under 1,000 square feet and only one bathroom, the compact layout may be restrictive for growing families or those requiring a home office.
The designated high school for this address has a low performance rating, which could be a concern for education-focused buyers and impact future resale value.
Beautiful Tree-Lined Colonial Heights Neighborhood! Charming 1939 bungalow featuring 2 bedrooms and 1 bath, full of character and classic appeal. Nestled in the highly desirable Colonial Heights area, this home offers a warm and inviting atmosphere with timeless architectural details. Enjoy tree-lined streets, a welcoming community feel, and a location that blends historic charm with everyday convenience.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 9-12 • 1.1 mi
Grades 7-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 995 | 1,064 | 27% |
| Lot Size | 4,792 | 5,663 | 19% |
| Price | $399.0K | $407.5K | 43% |
| Price per sq ft | $401 | $377 | 65% |
| Built year | 1940 | 1951 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 176 | 1% |
May 28, 2026
$399,000
Initial Listing
Feb 20, 2015
$152,000
Public Record
Jan 29, 2003
$172,000
Public Record