8588 Stratus Drive, Orangevale, CA 95662, Orangevale, 95662 - 3 bed, 2 bath
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8588 Stratus Drive
Orangevale, CA 95662
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,368Sq Ft
6,495Lot Size
Property Price
LIST PRICE$469,900
EST. MARKET VALUE
$469,900
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at a List Price of $479,000, which aligns with the $479,000 Fair Market Value. While the home maintains a Condition Rating of 4, its functional open floor plan and spacious rear yard with RV parking provide a solid foundation for value-add cosmetic updates. The property offers a stable entry point into a desirable Orangevale neighborhood, balancing immediate utility with long-term appreciation potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable starter home.
Estimated Market Value
$469,900
Based on Realkey algorithm analyzing recent comparable sales in Orangevale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8588 Stratus Drive Subject | $469,900* List Price | 3 | 2 | 1,368 | $343 | - |
A 8456 Milky Way Sold | $415,000 | 3 | 2 | 1,147 | $362 | 0.3 mi |
B 8221 E Foxfire Drive Sold | $500,000 | 3 | 2 | 1,440 | $347 | 0.7 mi |
C 8488 Old Ranch Road Sold | $464,000 | 3 | 2 | 1,129 | $411 | 0.7 mi |
D 8158 Chipwood Way Sold | $415,000 | 3 | 2 | 1,378 | $301 | 1.0 mi |
E 8644 Central Avenue Sold | $500,000 | 3 | 2 | 1,232 | $406 | 0.4 mi |
F 8464 Old Ranch Road Sold | $465,000 | 3 | 2 | 1,129 | $412 | 0.7 mi |
G 8641 Stratus Drive Active | $465,000 List Price | 3 | 2 | 1,368 | $340 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1983, this 41-year-old home is functional but dated. While the living areas feature newer laminate flooring, the kitchen and bathrooms show signs of age with older tile countertops and 1980s-style gold-trimmed shower doors. The presence of popcorn ceilings and original-style HVAC vents indicates that while the home is move-in ready, it requires cosmetic updates and likely system overhauls to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Outdoor Space
Situated on a corner lot, the property offers a spacious rear yard, a shady side patio, and dedicated RV parking, providing exceptional utility for outdoor living and storage.
- Functional Interior Design
The home features a desirable open floor plan ideal for entertaining, complemented by practical amenities like an indoor laundry room and a cozy fireplace.
- Prime Location
Located in a highly sought-after Orangevale neighborhood, this property serves as an excellent starter home with strong long-term appeal in a desirable community.
CONSRISKS & DEFICIENCIES
- Market Stagnation
With 79 days on the market and multiple price reductions, the listing may be perceived as having difficulty attracting or retaining buyers at its previous price points.
- Potential for Modernization
As a 1983 build, the property likely requires updates to its original finishes and systems to compete with more modern or fully renovated homes in the area.
About 8588 Stratus Drive
Perfect for a starter home or anyone looking for a desirable Orangevale neighborhood. This 3 bedrooms, 2 bath, 1368 sf home features open floor plan ideal for entertaining. Living room opens to shady side patio with spacious rear yard for outdoor fun. Indoor laundry room, large primary bedroom, cozy fireplace, and functional kitchen are all perfect endings for your day. Set on corner lot, with small RV gives you ample parking. Fresh price reduction, go and see.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 6,495 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,368 | 1,636.789 |
| Lot Size | 6,495 | 9,606.421 |
| Price | $469.9K | $570.2K |
| Price per sq ft | $343 | $364 |
| Built year | 1983 | 1977 |
| HOA | $0 | $105 |
| Days on market | 84 | 50 |
Pricing History
Listed for Sale
Sep 8, 2026
$469,900
$479,000
-2% Price Drop
Initial Listing
Price Change
Aug 19, 2026
$479,000
$485,000
-1% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$485,000
$499,500
-3% Price Drop
Initial Listing
Price Change
Jun 17, 2026
$499,500
Initial Listing
Sold
Jun 26, 2009
$206,000
Public Record
Sold
Aug 19, 2005
$381,000
Public Record
Sold
Feb 28, 2002
$183,000
Public Record
Sold
Jan 31, 1997
$114,000
Public Record