5605 Ritz Way, Fair Oaks, CA 95628, Fair Oaks, 95628 - 4 bed, 3 bath
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Fair Oaks, CA 95628
This Rare Semi-Custom Tim Lewis Home is a Prime Investment Opportunity listed at $849,000—positioned well below the $875,957 Fair Market Value by 3%. This valuation gap offers $26,957 in Instant Equity. Boasting a Good Condition Rating, the residence features 10-foot ceilings, new stainless appliances, and a serene Forested Greenbelt View. With no HOA fees and proximity to Top-Rated Bella Vista High, this property offers a premium lifestyle with significant monthly savings. It is an ideal sanctuary for growing families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5605 Ritz Way Subject | $849,000* List Price | 4 | 3 | 2,744 | $319 | - |
A 6147 Kenneth Oak Way Sold | $790,000 | 5 | 3 | 3,026 | $261 | 0.6 mi |
B 8543 Kenneth Hill Court Sold | $804,000 | 4 | 3 | 2,408 | $334 | 0.5 mi |
C 4926 Arbardee Drive Sold | $820,000 | 4 | 3 | 2,590 | $317 | 1.0 mi |
D 8477 Rick Mary Court Sold | $735,000 | 3 | 3 | 2,610 | $282 | 0.4 mi |
E 5526 Kamala Way Sold | $774,080 | 4 | 2 | 2,201 | $352 | 0.3 mi |
F 8524 Oak Harbour Ct Pending | $749,900 List Price | 5 | 4 | 2,494 | $301 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is move-in ready and falls within the 20-year age bracket for a 'good' rating. The kitchen has been recently updated with brand new stainless steel appliances, and the interior features high ceilings, crown molding, and well-maintained tile and carpet flooring. While some features like the tiled bathroom countertops and glass block shower reflect the original 2004 style, the home is well-kept with minimal wear and tear.
The property uniquely abuts permanent open space, providing a rare level of privacy and a serene natural backdrop that is highly desirable in the Fair Oaks area.
The absence of HOA fees combined with low water and maintenance costs results in an estimated $600 monthly savings compared to similar local developments.
This Tim Lewis home features 10-foot ceilings and a convenient downstairs bedroom with a full bath, making it ideal for multi-generational living or a professional home office.
While the high school is highly rated, the designated elementary school has a lower rating of 3, which may be a concern for families with younger children.
A recent price reduction from the original list price suggests the property may have faced initial challenges with market positioning or buyer interest.
Rare Tim Lewis Semi-Custom Home in Fair Oaks abutting permanent open space. Two-story 4BR/3BA with 10' ceilings and custom crown molding throughout. Each bedroom has lighted ceiling fans, a full walk-in closet and custom shelving. Spacious master offers a jetted tub, two sinks, glass shower and full-length mirror. Downstairs bedroom/office has access to a full-bath. Seller installed all new Stainless appliances: Refrigerator, Dishwasher, with built-in Oven and Microwave. Existing five burner gas stove and trash compactor. No HOA fees, No Sewer/Flood Maintenance, Annual Special Assessments of $75, Fair Oaks Water at $60 per month and minimal front yard landscaping. Combination equates to savings of approximately $600 per month. Three public schools within one-half mile east and west, Elementary, Middle School and Bella Vista High School.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 3.3 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,744 | 1,934 | 81% |
| Lot Size | 10,637 | 10,598 | 50% |
| Price | $849.0K | $650.0K | 80% |
| Price per sq ft | $309 | $336 | 35% |
| Built year | 2004 | 1971 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 181 | 5% |
Mar 14, 2026
$849,000
$869,000
-2% Price Drop
Initial Listing
Mar 3, 2026
$869,000
Initial Listing
Aug 8, 2017
$425,500
Public Record
Feb 22, 2005
$545,000
Public Record