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 | $529,000* List Price | 4 | 2 | 1,959 | $259 | - |
A 7134 Mathis Court Sold | $509,900 | 4 | 2 | 1,768 | $288 | 0.5 mi |
B 7199 Camel Rock Way Sold | $535,000 | 4 | 3 | 1,915 | $279 | 0.4 mi |
C 7412 Fox Hills Drive Sold | $575,000 | 4 | 2 | 1,944 | $296 | 0.8 mi |
D 8057 Poulson Street Sold | $542,000 | 3 | 3 | 1,797 | $302 | 0.3 mi |
E 6587 Pacheco Way Sold | $437,000 | 3 | 2 | 1,662 | $263 | 0.4 mi |
F 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.
SACRAMENTO SUBURB LIVING Step into this One-of-a-kind SWEAT EQUITY ranch-style home located in a highly sought-after neighborhood known for its incredible holiday spirit and community pride. This spacious property offers comfortable single-level living and sits in a prime location close to transportation, schools, and shopping. Just minutes from the exciting new sports and entertainment arena planned for the Sunrise Mall district making this home not only special today, but a fantastic opportunity for the future. Newer HVAC, 800 sq foot Deck mol, Garden box with greenhouses. Newer Stove, and paint. (PARDON THE MESS PACKING) Bring all offers
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,959 | 1,567 | 84% |
| Lot Size | 8,712 | 8,276 | 56% |
| Price | $529.0K | $500.0K | 64% |
| Price per sq ft | $270 | $315 | 13% |
| Built year | 1976 | 1976 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 186 | 1% |
May 31, 2026
$529,000
Initial Listing
Sep 12, 2014
$300,000
Public Record