7440 38th Avenue, Sacramento, CA 95824, Sacramento, 95824 - 3 bed, 1 bath
7440 38th Avenue
Sacramento, CA 95824
Property Price
SUMMARY
Analysis of 7440 38th Avenue, Sacramento, CA 95824 is currently available with a list price of $529,980. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Sacramento Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and benefits from significant updates completed approximately 7 years ago, including a new roof, HVAC system, and interior renovations. The home features fresh paint, new wood flooring, and updated tile in the bathroom. While the 1989 construction and 3-bedroom, 1-bathroom configuration are somewhat dated, the major systems are well-maintained and within their functional lifespan, meeting the criteria for a well-kept, updated home.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42817, living area = 1200.
- Significant Development Potential
The massive 42,817 sqft lot offers a rare lot-split opportunity in a neighborhood with active new construction, providing immense value for investors or developers.
- Recent Capital Improvements
With the roof and HVAC system replaced approximately seven years ago, along with fresh interior paint and new flooring, the property minimizes immediate post-purchase expenses.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
The 3-bedroom, 1-bathroom configuration is a significant drawback for modern families and may limit the property's appraisal value and rental demand compared to 2-bathroom homes.
- Premium Pricing for Land
The list price reflects the substantial lot size and development potential rather than the utility of the existing 1,200 sqft structure, which may challenge traditional residential buyers.
About 7440 38th Avenue
Quiet Court, there are a lot of owner-occupied properties neighborhood in the court. Great retired owner-occupied / rental / investment / lot-split opportunity. Lots of new houses built in the neighborhood. Complete interior, HVAC, Roof has done about 7 years ago. Fresh paint, new wood floor, and tile floor in the bathroom.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 42,817 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,200 | 1,148 | 55% |
| Lot Size | 42,817 | 6,098 | 98% |
| Price | $530.0K | $371.8K | 97% |
| Price per sq ft | $442 | $323 | 98% |
| Built year | 1989 | 1954 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 242 | 172 | 86% |
Pricing History
Listed for Sale
Jul 8, 2025
$529,980
Initial Listing
Sold
Mar 21, 2018
$250,000
Public Record
Sold
Oct 22, 2004
$170,000
Public Record
Sold
Aug 2, 1999
$56,000
Public Record