5500 Mcmahon Drive, Sacramento, CA 95824, Sacramento, 95824 - 3 bed, 1 bath

5500 Mcmahon Drive, Sacramento, CA 95824 home-pic-0
ACTIVE$398,400
5500 Mcmahon Drive, Sacramento, CA 95824
3Beds
1Bath
1,245Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($400,717.445) is $2,317.445 (0%) lower than the list price ($398,400). This property may be overpriced.

Key pros and cons

Top Pros:
Financial Incentive: The property qualifies for a significant $13,000 grant through a preferred lender, offering a substantial financial benefit to potential buyers.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a significant drawback for families or multiple occupants.

Compared to the nearby listings

Price:$398.4K vs avg $355.0K (+$43,400)75%
Size:1,245 sqft vs avg 1,080.5 sqft70%
Price/sqft:$320 vs avg $30355%

More Insights

Built in 1947 (78 years old).
Condition: Built in 1947, this property has undergone updates that make it move-in ready, including dual-pane windows, central heat and air, and slate-style tile flooring. The kitchen features granite countertops and stainless steel appliances (microwave, range), which are positives. However, the dark oak cabinets and tiled backsplash, while clean and functional, appear dated in style, suggesting a renovation that is likely 15-30 years old rather than more recent. The overall condition is well-maintained, but the age of the property and the outdated aesthetic of key areas like the kitchen prevent it from reaching a 'Good' score.
Year Built
1947
Close
-
List price
$398K
Original List price
-
Price/Sqft
$320
HOA
$0
Days on market
-
Sold On
-
MLS number
225148912
Home ConditionFair
Features
Deck
View-

About this home

This Home qualifies for a $13,000 grant covered by our preferred lender. A move-in ready 3 bed, 1 bath charmer on a spacious corner lot in Sacramento. This single-story home offers an open, inviting layout with warm wood and slate-style tile flooring flowing through the main living areas. The generous family room, anchored by a cozy wood-burning brick fireplace, is perfect for movie nights and gatherings. The kitchen features granite counters & pantry cabinets Three comfortable bedrooms share a well-appointed bathroom, while dual pane windows, central heat and air, and inside laundry add everyday convenience. Outside, the large corner lot provides plenty of yard space, plus RV access, a horseshoe driveway with ample parking. With quick access to freeways, shopping, schools, and restaurants, this home delivers both comfort and conveniencewhether you're looking for your first home or a solid investment in Sacramento.

Price History

Date
Event
Price
09/25/23
Sold
$380,000
11/24/20
Sold
$312,000
05/27/11
Sold
$121,000
11/19/10
Sold
$65,000
09/26/06
Sold
$261,000
Condition Rating
Fair

Built in 1947, this property has undergone updates that make it move-in ready, including dual-pane windows, central heat and air, and slate-style tile flooring. The kitchen features granite countertops and stainless steel appliances (microwave, range), which are positives. However, the dark oak cabinets and tiled backsplash, while clean and functional, appear dated in style, suggesting a renovation that is likely 15-30 years old rather than more recent. The overall condition is well-maintained, but the age of the property and the outdated aesthetic of key areas like the kitchen prevent it from reaching a 'Good' score.
Pros & Cons

Pros

Financial Incentive: The property qualifies for a significant $13,000 grant through a preferred lender, offering a substantial financial benefit to potential buyers.
Spacious Corner Lot & Parking: Situated on a large corner lot, the property boasts ample yard space, convenient RV access, and a horseshoe driveway providing generous parking.
Move-in Ready with Modern Comforts: The home is move-in ready, featuring dual-pane windows, central heat and air, inside laundry, and a kitchen updated with granite counters and pantry cabinets.
Convenient Location: Offers quick and easy access to major freeways, shopping centers, schools, and a variety of restaurants, enhancing daily convenience.
Charming & Functional Layout: A single-story design with an open, inviting layout, warm wood and slate-style tile flooring, and a cozy wood-burning brick fireplace in the family room.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a significant drawback for families or multiple occupants.
Age of Property: Built in 1947, the home's age, despite updates, could imply potential for older infrastructure or future maintenance considerations.
Modest Interior Square Footage: With 1245 sqft, the interior living space might be considered modest for a three-bedroom home, especially given the generous lot size.

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