8588 Stratus Drive, Orangevale, CA 95662, Orangevale, 95662 - 3 bed, 2 bath
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Orangevale, CA 95662
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $499,500—positioned well above the $481,872 Fair Market Value by 3%. While the property requires updates, its Condition Rating of 4 and functional open floor plan provide a solid foundation for value-add renovations. The corner lot features a spacious rear yard and shady side patio, offering excellent utility. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic cosmetic improvements in a desirable Orangevale neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8588 Stratus Drive Subject | $499,500* List Price | 3 | 2 | 1,368 | $353 | - |
A 8468 Milky Way Sold | $475,000 | 3 | 2 | 1,297 | $366 | 0.2 mi |
B 8464 Old Ranch Road Sold | $465,000 | 3 | 2 | 1,129 | $412 | 0.7 mi |
C 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.
Property is moderate renovation needed.
Built in 1983, this 41-year-old home is functional but dated. While it features newer laminate flooring and paint, the kitchen and bathrooms appear to have older finishes, including tile countertops and a gold-framed shower enclosure. The presence of popcorn ceilings and the age of the property suggest that while move-in ready, it requires cosmetic and system updates to meet modern standards.
Situated on a corner lot, the property features a spacious rear yard, a shady side patio, and dedicated parking for a small RV, offering excellent utility for outdoor living and storage.
The layout is designed for entertaining, featuring an open flow between the living areas and the outdoor patio, maximizing the interior's utility for social gatherings.
Located in a desirable Orangevale neighborhood with no association fees, this home provides a cost-effective entry point for first-time buyers or those seeking a low-maintenance lifestyle.
Built in 1983, the home may require cosmetic or mechanical updates to align with modern energy efficiency standards and contemporary design preferences.
With three bedrooms distributed across 1,368 square feet, individual room sizes may feel restrictive for buyers accustomed to more expansive modern floor plans.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,368 | - |
| Lot Size | 6,495 | - |
| Price | $499.5K | $561.9K |
| Price per sq ft | $365 | $387 |
| Built year | 1983 | 0 |
| HOA | $0 | $0 |
| Days on market | 35 | 31 |
Jun 17, 2026
$499,500
Initial Listing
Jun 26, 2009
$206,000
Public Record
Aug 19, 2005
$381,000
Public Record
Feb 28, 2002
$183,000
Public Record
Jan 31, 1997
$114,000
Public Record