7440 38th Avenue, Sacramento, CA 95824, Sacramento, 95824 - 3 bed, 1 bath
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7440 38th Avenue
Sacramento, CA 95824
ACTIVE
CONDITION: GOOD
3Beds
1Baths
1,200Sq Ft
42,817Lot Size
Property Price
LIST PRICE$448,888
EST. MARKET VALUE
$464,534
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $499,000—positioned well below the $502,619 Fair Market Value by 0.7%. Featuring a Good Condition Rating with a full interior remodel, the asset offers significant upside through its expansive 1-acre lot and potential for ADU development. The full-size basement provides a clear path to increasing square footage and equity. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to maximize land utility.
Estimated Market Value
$464,534+$15,646 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7440 38th Avenue Subject 3 bd · 1 ba · 1,200 sqft · $387 | $448,888* List Price | 3 | 1 | 1,200 | $387 | - |
A 7440 38th Avenue Active 3 bd · 1 ba · 1,200 sqft · $442 · 0.0 mi | $529,980 List Price | 3 | 1 | 1,200 | $442 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property underwent a full interior remodel approximately 8 years ago, which includes the kitchen, bathroom, flooring, and HVAC system. Despite the 1949 original build date, these updates fall within the 5-15 year renovation window for a 'Good' rating, making the home functional and move-in ready.
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 expansive nearly 1-acre lot offers substantial investment upside through potential subdivision or the addition of a second residence/ADU, maximizing the land's utility.
- Modernized Interior Systems
The home underwent a full interior remodel approximately eight years ago, including essential upgrades to the HVAC system, kitchen, bathroom, and flooring.
CONSRISKS & DEFICIENCIES
- Outdated Marketing Representation
The reliance on two-year-old photos may not accurately reflect the current exterior condition, potentially creating a disconnect for buyers during physical inspections.
- Bedroom Count Discrepancy
While listed as a three-bedroom property, it currently functions as a two-bedroom, requiring further capital expenditure to achieve the advertised configuration.
About 7440 38th Avenue
Property value is in the land, 2bd/1ba with full size basement and lot size is almost 1 acre included. Move in condition. Adding 2nd custom home to the lot with simple process (check with city). rent the current house while waiting for Development opportunity process complete (building more than 2 houses). Seller will work with your agent only, no direct buy. Owner is open to seller finance with 30%+ down payment.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,200 | 1,541.53 |
| Lot Size | 42,817 | 6,320.667 |
| Price | $448.9K | $503.2K |
| Price per sq ft | $374 | $331 |
| Built year | 1949 | 1975 |
| HOA | $0 | $130 |
| Days on market | 51 | 47 |
Pricing History
Listed for Sale
Oct 7, 2026
$448,888
$449,998
+0% Price Increase
Initial Listing
Price Change
Sep 29, 2026
$449,998
$499,000
-10% Price Drop
Initial Listing
Price Change
Sep 3, 2026
$499,000
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