5729 Dewey Drive, Fair Oaks, CA 95628, Fair Oaks, 95628 - 3 bed, 3 bath
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Fair Oaks, CA 95628
This Value-Add Residential Asset is a Strong Value Opportunity, listed at $439,900—positioned well below the $477,509 Fair Market Value by 7%. This valuation gap secures $37,609 in Instant Equity for the buyer. Currently holding a Cosmetic Fixer Condition Rating, the home features a versatile extra-large bonus room and an expansive 12,197 sqft lot with RV access and ADU potential. It represents a strategic entry into Fair Oaks for Fix-and-Flip Investors or Owner-Occupants seeking to force appreciation through personalized updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5729 Dewey Drive Subject | $439,900* List Price | 3 | 3 | 1,849 | $258 | - |
A 5329 Aldorae Street Sold | $490,000 | 4 | 2 | 1,629 | $301 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958 and explicitly marketed as a 'cosmetic fixer,' the property shows a mix of conditions. While the interior has some updates like newer laminate flooring and recessed lighting, the kitchen is dated with older appliances and painted original cabinetry. The exterior requires significant attention, including an unpaved driveway and unmaintained landscaping. It remains functional and livable but requires aesthetic and minor system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 1849.
The floor plan includes an extra-large bonus room and three full bathrooms, providing excellent utility for multi-generational living, a guest suite, or a dedicated home office.
Situated on over a quarter-acre, the property features RV access and a large backyard with significant room for expansion or the addition of an Accessory Dwelling Unit (ADU).
The property is identified as a cosmetic fixer, meaning buyers will need to budget for immediate repairs and aesthetic upgrades upon possession.
While the area is desirable, several assigned public schools carry lower ratings (3/10), which may be a consideration for families prioritizing top-tier educational scores.
Featuring an extra-large bonus room ideal for a home office, junior suite, or potential guest quarters, this property provides the space today's buyers are looking for. The layout is well-suited for multi-generational living, extended family needs, or creative use of space. Situated on a large front and backyard, the property offers endless potential for expansion, including room for a future ADU (buyer to verify). The backyard is ready for your vision whether it's outdoor entertaining, gardening, or additional living space. Enjoy mature fruit trees, RV or recreational vehicle access, and ample parking a rare combination that adds both convenience and value. This home is a cosmetic fixer, offering the perfect opportunity to update and customize to your taste while building equity. Whether you're looking for a primary residence, investment opportunity, or a property with room to grow, this one checks all the boxes. Bring your ideas and make this home your own!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 1.2 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,849 | 1,919.5 | 44% |
| Lot Size | 12,197 | 10,724.5 | 66% |
| Price | $439.9K | $647.5K | 6% |
| Price per sq ft | $238 | $336 | 3% |
| Built year | 1958 | 1971 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 181 | 1% |
Apr 13, 2026
$439,900
Initial Listing
Oct 16, 2009
$225,000
Public Record