7617 Palisade Way, Fair Oaks, CA 95628, Fair Oaks, 95628 - 3 bed, 2 bath
ACTIVE$635,000$1,566/sqft
Est. Value: $603,948
-4%
AboveEstimate
7617 Palisade Way, Fair Oaks, CA 95628
3Beds
2Baths
1,566Sqft
10,890Lot
Price Vs. Estimate
The estimated value ($603,947.605) is $31,052.395 (4%) lower than the list price ($635,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 10890, living area = 1566.
Top Cons:
Age of Original Structure: Despite extensive renovations, the core structure of the home dates back to 1955, which might lead to potential concerns about original components (e.g., plumbing, electrical not explicitly replaced) or the long-term integrity of an older foundation.
Compared to the nearby listings
Price:$635.0K vs avg $565.0K (+$70,000)64%
Size:1,566 sqft vs avg 1,771 sqft38%
Price/sqft:$405 vs avg $31484%
More Insights
Built in 1955 (71 years old).
Condition: Despite being built in 1955, this property underwent a superb and extensive renovation in 2024. This includes a new roof, HVAC system, a completely new kitchen with cabinets, quartz counters, and stainless appliances, new LVP and carpet flooring, and new bathrooms. All major components are new or virtually new, meeting current quality standards, making it essentially a new home within an older shell.
Year Built
1955
Close
-
List price
$635K
Original List price
-
Price/Sqft
$405
HOA
$0
Days on market
-
Sold On
-
MLS number
226002943
Home ConditionExcellent
Features
View-
About this home
Superbly remodeled/updated including new roof/HVAC system/kitchen cabinets-quartz counters-stainless appliances/new LVP and carpet flooring/new bathrooms in 2024! Situated on a quiet and low-traffic street! Large wood deck overlooks a large backyard. Owners recently had another $15,000 in concrete work added to backyard and installed exhaust fans in both bathrooms. 6-person fully functioning hot tub is staying! Minutes away from quaint old Fair Oaks shopping or Sunrise Mall!
M
Martin Leong
Listing Agent
Nearby schools
4/10
Albert Schweitzer Elementary School
Public,•K-5•0.8mi
7/10
Harry Dewey Fundamental Elementary School
Public,•K-6•1.0mi
4/10
John Barrett Middle School
Public,•6-8•1.5mi
5/10
Del Campo High School
Public,•9-12•1.4mi
Price History
Date
Event
Price
04/03/24
Sold
$620,000
01/12/24
Sold
$315,000
08/27/10
Sold
$195,000
02/09/04
Sold
$247,000
Condition Rating
Excellent
Despite being built in 1955, this property underwent a superb and extensive renovation in 2024. This includes a new roof, HVAC system, a completely new kitchen with cabinets, quartz counters, and stainless appliances, new LVP and carpet flooring, and new bathrooms. All major components are new or virtually new, meeting current quality standards, making it essentially a new home within an older shell.
Pros & Cons
Pros
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 = 10890, living area = 1566.
Extensive Recent Renovations: The property underwent superb remodeling and updating in 2024, including a new roof, HVAC system, kitchen (cabinets, quartz counters, stainless appliances), LVP and carpet flooring, and new bathrooms, offering a virtually new home experience.
Desirable Location & Neighborhood: Situated on a quiet, low-traffic street, the home is minutes away from quaint Old Fair Oaks shopping and Sunrise Mall, providing convenient access to amenities and a peaceful living environment. Excellent school district with highly-rated schools nearby.
Enhanced Outdoor Living Space: Features a large wood deck overlooking an expansive 10,890 sqft backyard, which recently received an additional $15,000 in concrete work, and includes a fully functioning 6-person hot tub, perfect for relaxation and entertaining.
No Association Fees: The absence of association fees provides a significant financial benefit to homeowners, reducing monthly housing costs.
Turnkey Condition: With all major systems and aesthetic elements updated in 2024, the property is in move-in ready condition, minimizing immediate expenses and effort for the new owner.
Cons
Age of Original Structure: Despite extensive renovations, the core structure of the home dates back to 1955, which might lead to potential concerns about original components (e.g., plumbing, electrical not explicitly replaced) or the long-term integrity of an older foundation.
Recent Sales History & Price Point: The property's rapid sales history (sold for $315k in Jan 2024, then $620k in April 2024, now listed at $635k) indicates significant appreciation. While justified by renovations, some buyers may perceive this as a 'quick flip' and question immediate equity or long-term value at the current price.
Modest Interior Square Footage: At 1566 sqft, the interior living space, while functional, may be considered modest for larger families or those desiring more expansive living areas, especially when compared to the generous 10,890 sqft lot size.