8456 Milky Way, Orangevale, CA 95662, Orangevale, 95662 - 3 bed, 2 bath
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Orangevale, CA 95662
This Spacious Single-Family Residence is a Prime Investment Opportunity, listed at $435,000—positioned well below the $447,988 Fair Market Value by 2%. This valuation gap offers $12,988 in Instant Equity for buyers. While currently maintaining a Fair Condition Rating, the home features a Granite Kitchen and a secluded Private Patio courtyard. Located near Orangevale Community Park in a high-demand submarket, the property provides significant upside through cosmetic modernization. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8456 Milky Way Subject | $435,000* List Price | 3 | 2 | 1,147 | $390 | - |
A 8464 Old Ranch Road Sold | $465,000 | 3 | 2 | 1,129 | $412 | 0.8 mi |
B 8468 Milky Way Sold | $475,000 | 3 | 2 | 1,297 | $366 | 0.0 mi |
C 8144 Highwood Way Sold | $405,000 | 3 | 2 | 1,394 | $291 | 0.9 mi |
D 8457 N Star Way Pending | $430,000 List Price | 3 | 2 | 1,129 | $381 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, the home is over 40 years old and falls into the 'Fair' category. While the kitchen has received mid-range updates like granite countertops and wood-look tile flooring, the white appliances are dated and the carpeting shows wear. The property is functional and move-in ready but requires cosmetic modernization and minor updates to be considered 'Good'.
Situated near Greenback Lane and Orangevale Community Park, the property offers excellent proximity to local dining, shopping, and recreational activities.
The .15-acre lot features mature privacy trees and a charming courtyard, providing a secluded retreat and significant potential for custom landscaping.
With a competitive price point for a 3-bedroom home, this property represents a strong opportunity for first-time buyers or investors looking for a solid rental asset.
At 1,147 square feet, the interior living space is relatively compact for a three-bedroom residence, which may result in smaller individual room sizes.
The 1979 construction and 'make it your own' description suggest that the home may require cosmetic or functional updates to align with modern market standards.
Welcome to 8456 Milky Way in the heart of Orangevale a fantastic opportunity to own a 3 bedroom, 2 bathroom home offering 1,147 square feet on a spacious .15 acre lot with mature privacy trees creating a peaceful backyard retreat. Fresh mulch enhances both the front yard and charming courtyard space between the home and garage, offering the perfect setting to design your own garden or outdoor oasis. Ideally located near everyday conveniences, this home is just minutes from local favorites along Greenback Lane including popular dining spots like Blue Nami Sushi & Sake House, La Placita, and Mode Brewing + Kitchen, as well as coffee shops, shopping, and entertainment options . Outdoor enthusiasts will appreciate close proximity to Orangevale Community Park, offering sports fields, playgrounds, and recreational activities for all ages . The area is known for its welcoming community feel, access to local schools, and convenient commute options throughout the Sacramento region. Whether you're a first time buyer ready to make it your own or an investor seeking a strong rental opportunity, this property delivers value, potential, and location all in one.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,147 | 1,526 | 22% |
| Lot Size | 6,534 | 9,583 | 14% |
| Price | $435.0K | $557.5K | 8% |
| Price per sq ft | $379 | $382 | 48% |
| Built year | 1979 | 1975 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 153 | 2% |
May 8, 2026
$435,000
Initial Listing
Jun 20, 2016
$265,000
Public Record
Nov 7, 2007
$244,000
Public Record
Sep 26, 2003
$234,000
Public Record