8224 Center Parkway 28, Sacramento, CA 95823, Sacramento, 95823 - 2 bed, 1 bath
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Sacramento, CA 95823
This property represents a Prime Investment Opportunity, listed at a List Price of $174,950—positioned well below the $179,165 Fair Market Value by 2%. This valuation gap provides $4,215 in Instant Equity. Featuring a Fair Condition Rating, this move-in-ready unit includes a private patio, indoor laundry, and a 1-car garage. While school ratings are modest, the location offers high accessibility to medical facilities and transit. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8224 Center Parkway 28 Subject | $174,950* List Price | 2 | 1 | 906 | $198 | - |
A 8252 8252 Center Parkway 79 Active | $189,000 List Price | 2 | 1 | 906 | $209 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (43 years old), the property falls into the 'Fair' category due to its age and dated features. While the interior has received cosmetic updates such as modern grey paint and stone countertops, the kitchen cabinetry and bathroom tub surround remain dated. The exterior common areas show signs of wear and sparse landscaping, indicating a need for further modernization beyond the recent minor updates.
Priced under $175,000, this property represents a rare entry-level opportunity in the Sacramento market, offering significant value for first-time homeowners or rental investors.
The unit is move-in ready and features modern updates, including a fireplace, indoor laundry, and a private 1-car garage, reducing immediate post-purchase capital expenditures.
Ideally situated near public transportation, medical facilities, and schools, the location offers high convenience for commuters and those requiring proximity to essential services.
The monthly HOA fee of $447 is relatively high compared to the listing price, which may affect the debt-to-income ratio for some buyers and increase total monthly carrying costs.
Local school ratings range from 3 to 6, which may be a consideration for families seeking top-tier educational performance in their immediate neighborhood.
Move-in-Ready! Updated well maintained lower unit with spacious living room with fireplace and outdoor patio, spacious primary room with mirrored closet doors! Indoor laundry closet and spacious walk-in linen closet in bathroom. Spacious 1 car garage. Close to public transportation, schools and medical facilities!!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 0.7 mi
Grades K-6 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 906 | - |
| Lot Size | - | - |
| Price | $174.9K | $323.6K |
| Price per sq ft | $193 | $284 |
| Built year | 1981 | 0 |
| HOA | $447 | $0 |
| Days on market | 8 | 56 |
Jul 14, 2026
$174,950
Initial Listing
Mar 10, 2021
$162,500
Public Record