8414 Center Parkway, Sacramento, CA 95823, Sacramento, 95823 - 4 bed, 2 bath
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8414 Center Parkway
Sacramento, CA 95823
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,638Sq Ft
8,276Lot Size
Property Price
LIST PRICE$385,000
EST. MARKET VALUE
$396,642
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $385,000—positioned well below the $396,643 Fair Market Value by 2%. This valuation gap offers $11,643 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation, yet its 8,276 Sq Ft lot and proximity to Cosumnes River College provide excellent rental demand. This is a strategic value-add asset ideal for Buy-and-Hold Investors or Contractors seeking to maximize returns through strategic upgrades.
Estimated Market Value
$396,642
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 |
|---|---|---|---|---|---|---|
★ 8414 Center Parkway Subject 4 bd · 2 ba · 1,638 sqft · $242 | $385,000* List Price | 4 | 2 | 1,638 | $242 | - |
A 8641 Sunnybrae Dr Sold 3 bd · 3 ba · 1,512 sqft · $260 · 0.5 mi | $393,000 | 3 | 3 | 1,512 | $260 | 0.5 mi |
B 101 Aruba Circle Sold 3 bd · 2 ba · 1,483 sqft · $283 · 1.0 mi | $420,000 | 3 | 2 | 1,483 | $283 | 1.0 mi |
C 6445 Calvine Road Active 4 bd · 3 ba · 1,577 sqft · $247 · 0.1 mi | $390,000 List Price | 4 | 3 | 1,577 | $247 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1976 (48 years old) with no recorded renovations. The listing specifically targets investors and 'creative thinkers,' which typically indicates significant deferred maintenance. Given the age and price point, the kitchen, bathrooms, and major systems (HVAC/Electric) likely require a full rehab to meet modern standards.
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 = 8276, living area = 1638.
- Strategic Investment Location
Situated directly across from Cosumnes River College and near major Elk Grove shopping centers, the property is ideally positioned for high rental demand and student housing.
- Versatile Use Potential
With 4 bedrooms and a generous 8,276 Sq Ft lot, the layout offers significant flexibility for conversion into a care home, daycare facility, or high-occupancy rental.
CONSRISKS & DEFICIENCIES
- Likely Renovation Needs
Marketed specifically to 'investors and creative thinkers,' the property likely requires substantial updates or repairs to meet modern living standards or maximize rental income.
- Underperforming School Ratings
The local middle and high schools carry lower performance ratings (3 and 4 respectively), which may deter long-term owner-occupant families and impact future resale value.
About 8414 Center Parkway
Calling all investors and creative thinkers. This property offers great location across from Cosumnes River College and close to all major shopping centers near Elk Grove City. It features 4 bedrooms 2 full bathrooms with 1678 Sq Ft living space sits on a 8,276 Sq Ft lot. So much possibilities for your maybe care home, day care or rentals or more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sacramento Unified Schools
Barbara Comstock Morse Elementary School
Grades K-6 • 0.4 mi
6/10
John Reith Elementary School
Grades K-6 • 0.6 mi
3/10
Marion Mix Elementary
Grades K-6 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,638 | 1,541.53 |
| Lot Size | 8,276 | 6,320.667 |
| Price | $385.0K | $503.2K |
| Price per sq ft | $235 | $331 |
| Built year | 1976 | 1975 |
| HOA | $0 | $130 |
| Days on market | 44 | 47 |
Pricing History
Listed for Sale
Sep 10, 2026
$385,000
Initial Listing