8031 Lichen Drive, Citrus Heights, CA 95621, Citrus Heights, 95621 - 3 bed, 1 bath
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Citrus Heights, CA 95621
This Value-Add Residential Asset is listed at $365,000, positioned relative to a $294,975 Fair Market Value. While the Condition Rating of 5 indicates a need for substantial interior rehabilitation, the property offers high-value structural assets including a New Roof, updated doors, and Vaulted Ceilings. The expansive 8,276 sqft Lot provides significant utilization potential for outdoor expansion or an ADU. Situated near Lichen K-8, this "AS-IS" sale represents a strategic opportunity to build equity through renovation. It is an ideal project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8031 Lichen Drive Subject | $365,000* List Price | 3 | 1 | 888 | $332 | - |
A 8024 Lesser Way Sold | $390,000 | 3 | 1 | 864 | $451 | 0.6 mi |
B 6908 Birchwood Circle Sold | $375,000 | 3 | 2 | 1,034 | $363 | 0.3 mi |
C 8016 Lesser Way Sold | $400,000 | 3 | 1 | 864 | $463 | 0.6 mi |
D 6721 Navion Drive Sold | $422,000 | 3 | 1 | 1,050 | $402 | 0.5 mi |
E 7515 Stearman Way Sold | $415,000 | 3 | 1 | 1,073 | $387 | 0.7 mi |
F 8001 Lichen Drive Sold | $407,500 | 3 | 2 | 1,104 | $369 | 0.1 mi |
G 8206 Lichen Drive Active | $376,000 List Price | 3 | 1 | 1,081 | $348 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1960, the property's interior, especially the kitchen and bathroom, is extremely dated with original-style wood cabinets, tile countertops, and old appliances/fixtures, requiring substantial renovation. While a new roof and doors are positive, the 'AS-IS' sale condition and the overall worn state of flooring and interior finishes indicate significant rehabilitation is needed beyond minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 888.
Features a brand-new roof and new front and back doors, significantly reducing immediate maintenance concerns for the buyer.
The backyard boasts fruit trees, open grassy space, and a covered patio, ideal for entertaining and outdoor enjoyment.
The property is being sold 'AS-IS,' which places the burden of any necessary repairs or upgrades directly on the buyer, potentially requiring additional investment.
The home features only one bathroom for three bedrooms, which may present practical challenges and inconvenience for families or multiple residents.
With 888 sqft, the living space is relatively modest for a 3-bedroom home, potentially limiting room for expansion or larger gatherings.
Welcome to 8031 Lichen Drive! This charming 3-bedroom, 1-bath home with an attached garage is located in a quiet, friendly Citrus Heights neighborhood. The home features a brand-new roof, new front and back door, vaulted ceilings, and a cast iron fireplace that adds warmth and character. The kitchen is filled with natural light and includes a garden window perfect for herbs or morning coffee. The backyard offers fruit trees, open grassy space, and a covered patio ideal for barbecues and entertaining. Conveniently located near shopping, dining, parks, and easy freeway access. Home is being SOLD AS-IS, providing great potential for buyers or investors to add their own value and style.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 4.0 mi
Grades K-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 9% |
| Square foot | 888 | 1,369 | 2% |
| Lot Size | 8,276 | 6,970 | 72% |
| Price | $365.0K | $469.9K | 4% |
| Price per sq ft | $411 | $337 | 90% |
| Built year | 1960 | 1976 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 195 | 166 | 67% |
Oct 9, 2025
$365,000
Initial Listing
Aug 31, 2022
$353,500
Public Record