6960 Slate River Way, Sacramento, CA 95831, Sacramento, 95831 - 3 bed, 3 bath
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Sacramento, CA 95831
This Spacious Parkway Oaks Residence is a Prime Investment Opportunity listed at $625,000—positioned well below the $640,489 Fair Market Value by 2%. This valuation gap provides $15,489 in Instant Equity. Featuring a 2,001 SqFt Layout and three full bathrooms, the home holds a Fair Condition Rating, signaling significant upside through interior modernization. With $0 Association Fees and a prime location near the Sacramento River, it balances financial efficiency with lifestyle potential. This is an ideal acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6960 Slate River Way Subject | $625,000* List Price | 3 | 3 | 2,001 | $307 | - |
A 462 De Mar Drive Sold | $500,000 | 3 | 2 | 1,409 | $355 | 1.0 mi |
B 625 Valim Way Sold | $521,000 | 3 | 3 | 1,426 | $365 | 0.7 mi |
C 26 Marina Grande Court Sold | $495,000 | 2 | 2 | 1,636 | $303 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property falls within the 25-40 year age range typical of the 'fair' condition category. The listing analysis explicitly mentions a 'Potential for Modernization,' suggesting that the interior finishes and major systems are likely original or aged and require updates to meet contemporary standards, despite being functional and well-located.
Located in the sought-after Parkway Oaks subdivision within the 95831 zip code, this property benefits from a prime Sacramento neighborhood known for its safety and proximity to the river.
With a $0 association fee, this home offers a significant financial advantage over similar properties in planned communities, reducing the total monthly carrying cost for the buyer.
At 2,001 square feet with three full bathrooms, the home provides a generous and functional layout that is larger than many standard three-bedroom residences in the area.
The 4,386 square foot lot is relatively compact for a home of this size, which may limit options for extensive landscaping, private play areas, or outdoor entertaining.
Built in 1987, the property may require updates to its original finishes and systems to meet the aesthetic and efficiency expectations of contemporary buyers.
Exceptional opportunity in Sacramento. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,001 | 1,825 | 62% |
| Lot Size | 4,386 | 7,841 | 13% |
| Price | $625.0K | $640.0K | 43% |
| Price per sq ft | $312 | $351 | 16% |
| Built year | 1987 | 1981 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 161 | 12% |
Feb 23, 2026
$625,000
Initial Listing