5501 Norway Drive, Orangevale, CA 95662, Orangevale, 95662 - 4 bed, 2 bath
Loading property details...
This property presents a Strong Value Opportunity with a List Price of $549,000—positioned well above the $508,931 Fair Market Value by 7%. While the price reflects a premium, the home offers a Functional 4-Bedroom Layout and is located in a district with Top-Rated Schools, including Bella Vista High (8/10). Given the Condition Rating of 5, the home requires modernization, making it a strategic project for Value-Add Investors or Owner-Occupants seeking to build long-term equity through renovation in a high-demand area with no HOA fees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5501 Norway Drive Subject | $549,000* List Price | 4 | 2 | 1,570 | $324 | - |
A 5530 Claiborne Way Sold | $401,000 | 3 | 2 | 1,412 | $284 | 0.0 mi |
B 9063 Polly Avenue Sold | $475,000 | 3 | 2 | 1,210 | $393 | 0.5 mi |
C 5250 Butterwood Circle Sold | $608,000 | 4 | 2 | 1,553 | $392 | 0.8 mi |
D 9132 Pershing Avenue Pending | $399,000 List Price | 3 | 2 | 1,176 | $339 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 64 years old (built 1962) with no documented renovations in the listing. Based on the age and 'TBD' description, the kitchen, bathrooms, and major systems (HVAC/Electric) likely require significant rehab or replacement to meet modern safety and functional standards.
The property is zoned for top-tier schools, including Bella Vista High (8/10) and Pershing Elementary (7/10), providing significant long-term value and appeal for families.
With an association fee of $0, homeowners benefit from lower monthly carrying costs and the freedom to modify the property without restrictive community oversight.
The 4-bedroom, 2-bathroom configuration in a 1,570 sqft space offers a versatile and high-demand floor plan suitable for growing families or remote work needs.
Built in 1962, the home may require updates to major systems, such as electrical or plumbing, and cosmetic modernizations to meet current market standards.
The 6,534 sqft lot is relatively standard for suburban developments, which may be a drawback for buyers specifically seeking the larger, more rural parcels often found in Orangevale.
TBD
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 4.6 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,570 | 1,636.789 |
| Lot Size | 6,534 | 9,606.421 |
| Price | $549.0K | $570.2K |
| Price per sq ft | $350 | $364 |
| Built year | 1962 | 1977 |
| HOA | $0 | $105 |
| Days on market | 36 | 50 |
Aug 4, 2026
$549,000
Initial Listing
Jul 26, 2000
$160,000
Public Record
Mar 22, 1996
$125,000
Public Record
Nov 7, 1995
$81,500
Public Record