7901 Stevenson Avenue, Sacramento, CA 95828, Sacramento, 95828 - 5 bed, 3 bath
ACTIVE$3,500,000
7901 Stevenson Avenue, Sacramento, CA 95828
5Beds
3Baths
2,457Sqft
283,576Lot
Price Vs. Estimate
Estimation data not available
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 = 283576, living area = 2457.
Top Cons:
Existing Structure 'As-Is': The 1964-built existing home is sold 'as-is,' likely requiring demolition and adding to initial development costs.
Compared to the nearby listings
Price:$3.50M vs avg $445.0K (+$3,055,000)99%
Size:2,457 sqft vs avg 1,525 sqft91%
Price/sqft:$1.4K vs avg $28399%
More Insights
Built in 1964 (61 years old).
Condition: The property was built in 1964, making it 60 years old. The listing explicitly states the 'Existing home onsite is being sold as-is' and the property analysis notes it is 'likely requiring demolition' for the infill development project. The value of this listing is clearly in the 6.5+ acre land and its RD-30 zoning for multifamily housing, not the existing structure, which aligns perfectly with the criteria for a tear-down.
Year Built
1964
Close
-
List price
$3.5M
Original List price
-
Price/Sqft
$1,425
HOA
$0
Days on market
-
Sold On
-
MLS number
225107560
Home ConditionTear down
Features
View-
About this home
Recently zoned RD-30, this 6.5+ acre parcel is perfect for infill development and multifamily housing. Great opportunity for the right developer and builder with a vision to take advantage of this Sacramento infill project bordering the growing city of Elk Grove. Site is close to Costco, Lowes, Shopping and many restaurants, easy access to Highway 99. Existing home onsite is being sold as-is.
Price History
Date
Event
Price
06/30/98
Sold
$190,000
Condition Rating
Tear down
The property was built in 1964, making it 60 years old. The listing explicitly states the 'Existing home onsite is being sold as-is' and the property analysis notes it is 'likely requiring demolition' for the infill development project. The value of this listing is clearly in the 6.5+ acre land and its RD-30 zoning for multifamily housing, not the existing structure, which aligns perfectly with the criteria for a tear-down.
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 = 283576, living area = 2457.
Exceptional Development Potential: Recently zoned RD-30, this 6.5+ acre parcel is perfectly suited for high-density infill and multifamily housing development.
Substantial Land Area: With over 6.5 acres (283,576 sqft), the property offers significant space for a large-scale development project.
Prime Location for Growth: Borders the rapidly expanding city of Elk Grove, indicating strong future demand for new housing units.
Excellent Accessibility & Amenities: Easy access to Highway 99 and close proximity to major retailers (Costco, Lowes), shopping, and dining options.
Strategic Infill Opportunity: Positioned as a key Sacramento infill project, leveraging existing infrastructure and market demand for new housing.
Cons
Existing Structure 'As-Is': The 1964-built existing home is sold 'as-is,' likely requiring demolition and adding to initial development costs.
Significant Upfront Investment: The $3.5 million list price represents a substantial capital outlay, targeting a specific niche of developers.
Development Project Complexity: While a strong opportunity, infill multifamily development entails inherent complexities, including permitting, design, and construction timelines.