6838 Olive Tree Way, Citrus Heights, CA 95610, Citrus Heights, 95610 - 4 bed, 2 bath
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Citrus Heights, CA 95610
This ranch-style property presents a High-Potential Investment Opportunity with a List Price of $529,000—positioned well above the $507,862 Fair Market Value by -4%. While the home requires cosmetic updates, its Fair Condition Rating is supported by a newer HVAC system and an expansive 800-square-foot deck. Located near the upcoming Sunrise Mall redevelopment, this asset offers significant long-term appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build value through sweat equity in a community-focused neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6838 Olive Tree Way Subject | $489,999* List Price | 4 | 2 | 1,959 | $260 | - |
A 7134 Mathis Court Sold | $509,900 | 4 | 2 | 1,768 | $288 | 0.5 mi |
B 8057 Poulson Street Sold | $542,000 | 3 | 3 | 1,797 | $302 | 0.3 mi |
C 7201 Canelo Hills Drive Sold | $525,000 | 3 | 2 | 1,756 | $299 | 0.5 mi |
D 6587 Pacheco Way Sold | $437,000 | 3 | 2 | 1,662 | $263 | 0.4 mi |
E 7412 Fox Hills Drive Sold | $575,000 | 4 | 2 | 1,944 | $296 | 0.8 mi |
F 7001 Checkerbloom Way Sold | $489,900 | 5 | 3 | 2,430 | $202 | 0.4 mi |
G 7647 Sylvan Valley Way Sold | $541,000 | 4 | 2 | 1,827 | $296 | 0.9 mi |
H 6720 Old Oak Court Pending | $589,000 List Price | 3 | 3 | 1,936 | $304 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, this property is dated but functional, fitting the 'sweat equity' description. While it boasts a newer HVAC system, stove, and laminate flooring, the kitchen cabinetry and tile are older, and popcorn ceilings remain throughout. It requires minor repairs and cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1959.
The property is strategically located near the planned Sunrise Mall sports and entertainment district redevelopment, offering significant potential for future appreciation and long-term value.
Recent updates including a newer HVAC system and newer stove provide essential functional value and reduce immediate capital expenditure for the buyer.
Marketed as a 'sweat equity' project with a disclaimer regarding its current state, the home likely requires significant cosmetic work and cleaning to reach its full market potential.
While the local elementary school is well-rated, the assigned middle and high schools have lower performance ratings, which may impact appeal for some families.
LARGER SQ FOOTAGE THAN SURROUNDING LISTINGS INSTANT EQUITY OPPORTUNITY IN DESIRABLE CITRUS HEIGHTS! priced below market to allow buyer updates. This spacious single-story home offers comfortable living with endless potential to make it your own. One of the largest homes and lot sizes currently available in the area, this property provides exceptional space, privacy, and future value. Ideally situated near schools, shopping, dining, and transportation, this home offers convenience today and exciting opportunities for the future. Located just minutes from the planned Sunrise Mall sports and entertainment district, the property is positioned in an area of continued growth and revitalization. Features include: Newer HVAC system Approx. 800 sq. ft. deck (buyer to verify) Garden boxes and greenhouse Spacious floor plan Expansive lot with room to grow Opportunity to personalize cosmetic finishes to your own style Priced below comparable homes, offering buyers the chance to build equity while creating their dream home. A rare opportunity to own one of the largest properties currently available in this sought-after neighborhood.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades K-6 • 3.0 mi
Grades K-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,959 | - |
| Lot Size | 8,712 | - |
| Price | $490.0K | $479.4K |
| Price per sq ft | $250 | $332 |
| Built year | 1976 | 0 |
| HOA | $0 | $0 |
| Days on market | 52 | 38 |
Jul 2, 2026
$489,999
$499,999
-2% Price Drop
Initial Listing
Jun 23, 2026
$499,999
$509,999
-2% Price Drop
Initial Listing
Jun 13, 2026
$509,999
$515,000
-1% Price Drop
Initial Listing
Jun 10, 2026
$515,000
$519,000
-1% Price Drop
Initial Listing
Jun 6, 2026
$519,000
$529,000
-2% Price Drop
Initial Listing
May 31, 2026
$529,000
Initial Listing
Sep 12, 2014
$300,000
Public Record