6697 Greenback Lane, Citrus Heights, CA 95621, Citrus Heights, 95621 - 3 bed, 2 bath
ACTIVE$255,000$1,344/sqft
6697 Greenback Lane, Citrus Heights, CA 95621
3Beds
2Baths
1,344Sqft
1,202Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Investment Opportunity: This property is explicitly marketed as an 'Investor Opportunity' with 'Value-Add Potential' and 'excellent upside,' making it ideal for flippers or buyers looking to build equity through renovation.
Top Cons:
Extensive Renovation Required: The property is 'in need of repairs and updating,' requiring significant investment and effort to transform it from a 'fixer' into a desirable home or rental.
Compared to the nearby listings
Price:$255.0K vs avg $335.2K ($-80,250)13%
Size:1,344 sqft vs avg 1,419.5 sqft44%
Price/sqft:$190 vs avg $23513%
More Insights
Built in 1973 (53 years old).
Condition: Built in 1973, this property is explicitly marketed as a 'fixer' needing 'extensive renovation' and 'repairs and updating.' The images confirm this, showing bare subfloors throughout, a severely outdated kitchen with a vintage range and tile countertops, and dated bathrooms. While the structure appears sound, the interior components require substantial rehabilitation to be functional and comfortable, aligning with the 'poor' condition criteria.
Year Built
1973
Close
-
List price
$255K
Original List price
-
Price/Sqft
$190
HOA
$410
Days on market
-
Sold On
-
MLS number
226004906
Home ConditionPoor
Features
View-
About this home
Investor Opportunity - HUD-Owned Townhouse with Value-Add Potential Great opportunity for investors, flippers, or buyers looking to add value. This 3-bedroom, 2-bath townhouse offers a solid footprint and functional layout, but is in need of repairs and updating, making it an ideal candidate for renovation. Convenient access to shopping, schools, public transportation, and major commuter routes. With the right improvements, this townhouse has strong potential for resale or long-term rental. Property offers a transparent purchase process and excellent upside for those familiar with renovation projects. Bring your contractor and vision this is a chance to transform a fixer into a profitable investment. Eligible for FHA203K financing.
J
John Brophy
Listing Agent
Price History
Date
Event
Price
10/20/99
Sold
$70,000
02/18/22
Sold
$333,000
06/20/13
Sold
$113,000
02/06/06
Sold
$230,000
01/19/05
Sold
$26,000
Condition Rating
Poor
Built in 1973, this property is explicitly marketed as a 'fixer' needing 'extensive renovation' and 'repairs and updating.' The images confirm this, showing bare subfloors throughout, a severely outdated kitchen with a vintage range and tile countertops, and dated bathrooms. While the structure appears sound, the interior components require substantial rehabilitation to be functional and comfortable, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investment Opportunity: This property is explicitly marketed as an 'Investor Opportunity' with 'Value-Add Potential' and 'excellent upside,' making it ideal for flippers or buyers looking to build equity through renovation.
FHA203K Financing Eligibility: The townhouse is eligible for FHA203K financing, a significant advantage for buyers who wish to finance both the purchase and the necessary renovation costs into one loan.
Solid Footprint & Functional Layout: Despite needing repairs, the property offers a 'solid footprint and functional layout,' providing a good foundation for renovation and modernization.
Convenient Location: The property boasts convenient access to essential amenities including shopping, schools, public transportation, and major commuter routes, enhancing its appeal to potential residents.
Transparent Purchase Process: As a HUD-owned property, it offers a transparent purchase process, which can simplify the transaction for experienced buyers and investors.
Cons
Extensive Renovation Required: The property is 'in need of repairs and updating,' requiring significant investment and effort to transform it from a 'fixer' into a desirable home or rental.
High Association Fee: A monthly association fee of $410 is substantial and will add a considerable ongoing cost to ownership, impacting overall affordability and cash flow for investors.
Age of Property: Built in 1973, the townhouse is over 50 years old, suggesting that major systems (HVAC, plumbing, electrical) and components may be original and nearing the end of their useful life, contributing to the need for extensive updates.