5501 Norway Drive, Orangevale, CA 95662, Orangevale, 95662 - 4 bed, 2 bath
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This Functional Vintage Residence is listed at $549,000, reflecting the established value of its prime Orangevale location near the $525,295 Fair Market Value. Maintaining a Vintage Condition Rating, the home features a versatile 4-bedroom layout and original systems that offer a blank canvas for cosmetic personalization. The property’s primary strength is its placement within a premier school zone, including Bella Vista High School and Pershing Elementary. With $0 HOA fees, this home represents a stable, long-term asset for Owner-Occupants or first-time buyers prioritizing education and neighborhood character.
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 | $335 | - |
A 5250 Butterwood Circle Sold | $608,000 | 4 | 2 | 1,553 | $392 | 0.8 mi |
B 8949 Genoa Avenue Sold | $575,000 | 4 | 2 | 1,579 | $364 | 0.5 mi |
C 5530 Claiborne Way Sold | $401,000 | 3 | 2 | 1,412 | $284 | 0.0 mi |
D 5618 Claiborne Way Sold | $515,000 | 4 | 2 | 1,253 | $411 | 0.1 mi |
E 5540 Camas Court Sold | $606,000 | 4 | 3 | 1,918 | $316 | 0.4 mi |
F 5544 Montia Court Active | $620,000 List Price | 4 | 3 | 1,918 | $323 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, the property is characterized by vintage construction and aging systems. While the 4-bedroom layout is functional, the lack of recent renovation details and the 'vintage' status suggest the home is maintained but features outdated styles and components that require minor updates.
The property is zoned for top-tier schools, including Bella Vista High (8/10) and Pershing Elementary (7/10), providing significant long-term value for families and resale potential.
With an association fee of $0, homeowners benefit from lower monthly carrying costs and greater freedom to utilize and customize the property without restrictive covenants.
The 1,570 sqft floor plan features a desirable 4-bedroom, 2-bathroom configuration, offering the versatility needed for growing families or dedicated home office spaces.
Built in 1962, the home may require capital improvements to aging systems such as plumbing, electrical, or insulation to meet modern energy efficiency and safety standards.
The 6,534 sqft lot is relatively modest for the Orangevale market, which may limit buyers seeking the larger, more expansive outdoor spaces typically found in this suburban community.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,570 | 1,549 | 52% |
| Lot Size | 6,534 | 9,616 | 15% |
| Price | $549.0K | $553.8K | 45% |
| Price per sq ft | $350 | $382 | 34% |
| Built year | 1962 | 1975 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 166 | 1% |
Apr 6, 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