6697 Greenback Lane, Citrus Heights, CA 95621, Citrus Heights, 95621 - 3 bed, 2 bath
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Citrus Heights, CA 95621
This HUD-Owned Townhouse represents a High-Potential Investment Opportunity with a List Price of $255,000 and a Fair Market Value of $179,439. Currently holding a Condition Rating of 5, the property requires a full interior rehabilitation, including flooring and kitchen updates. While the $410 Association Fee impacts recurring carrying costs, the 1,344 sqft footprint and FHA 203K eligibility provide a clear path to forced appreciation. Located near major Citrus Heights commuter routes and local schools, this asset is perfectly positioned for Fix-and-Flip Investors or Contractors seeking a high-upside renovation project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6697 Greenback Lane Subject | $255,000 | 3 | 2 | 1,344 | $134 | - |
A 6346 Port Gibson Court Sold | $280,000 | 3 | 2 | 1,283 | $218 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1973 townhouse is a HUD-owned fixer-upper requiring substantial rehabilitation. Interior photos reveal that flooring has been stripped to the subfloor throughout the living areas and bedrooms. The kitchen and bathrooms are severely outdated, featuring original cabinetry, tile countertops, and mismatched appliances. The property's condition meets the 'poor' criteria as it requires significant capital expenditure for repairs and updating before it can be considered move-in ready or habitable by modern standards.
As a HUD-owned fixer-upper with a solid 3-bedroom layout, this property offers significant upside for investors or flippers to build equity through strategic renovations.
The property's eligibility for FHA 203K financing provides a unique advantage for owner-occupants to bundle purchase and repair costs into a single loan.
Conveniently located near major commuter routes, public transportation, schools, and shopping centers, ensuring high demand for future resale or rental.
The home is in need of significant updating and repairs, requiring immediate capital expenditure and professional contractor oversight before it can be occupied.
A monthly association fee of $410 represents a substantial recurring expense that may impact the net ROI for investors or monthly affordability for buyers.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,344 | 1,323 | 52% |
| Lot Size | 1,202 | 1,355 | 33% |
| Price | $255.0K | $320.0K | 10% |
| Price per sq ft | $190 | $242 | 10% |
| Built year | 1973 | 1974 | 48% |
| HOA | $410 | $370 | 52% |
| Days on market | 97 | 174 | 24% |
Jan 15, 2026
$255,000
Initial Listing
Feb 18, 2022
$333,000
Public Record
Jun 20, 2013
$113,000
Public Record
Feb 6, 2006
$230,000
Public Record
Jan 19, 2005
$26,000
Public Record
Oct 20, 1999
$70,000
Public Record