
Fair Oaks, CA 95628
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $485,000—positioned well below the $507,146 Fair Market Value by 4%. This valuation gap offers $22,146 in Instant Equity. Featuring a Fair Condition Rating, the home includes a newer deck, tankless water heater, and dual-pane windows. Located near Bella Vista High School, this property is ideal for Buy-and-Hold Investors or first-time buyers seeking to build value through cosmetic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8719 Mohawk Way Subject 3 bd · 2 ba · 1,296 sqft · $391 | $485,000* List Price | 3 | 2 | 1,296 | $391 | - |
A 5208 Lincoln Villa Way Sold 3 bd · 2 ba · 1,519 sqft · $401 · 0.2 mi | $609,000 | 3 | 2 | 1,519 | $401 | 0.2 mi |
B 8794 Phoenix Avenue Sold 3 bd · 2 ba · 1,260 sqft · $475 · 0.4 mi | $599,000 | 3 | 2 | 1,260 | $475 | 0.4 mi |
C 5008 Skyway Drive Sold 3 bd · 2 ba · 1,416 sqft · $401 · 0.8 mi | $568,000 | 3 | 2 | 1,416 | $401 | 0.8 mi |
D 8814 Mohawk Way Active 3 bd · 2 ba · 1,296 sqft · $436 · 0.2 mi | $565,000 List Price | 3 | 2 | 1,296 | $436 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, the home is well-maintained with significant system upgrades including a tankless water heater, dual-pane windows, and a newer roof. However, the kitchen features dated cabinetry and older appliances, and the bathrooms/carpeting show their age (20+ years), placing it in the 'Fair' category as it is functional but requires cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 1296.
Priced under $500,000 in a desirable Fair Oaks neighborhood, this home offers access to top-rated schools like Bella Vista High, providing significant equity potential for the area.
The property features essential modern improvements including a tankless water heater, dual-pane windows, Andersen sliding doors, and beautifully refinished original hardwood floors.
With only 1,296 square feet for a three-bedroom, two-bathroom layout, the interior proportions may feel restrictive for buyers seeking a more open or spacious modern floor plan.
While structural and exterior elements have been addressed, the 1959 build date suggests that kitchens and bathrooms may require further modernization to meet contemporary aesthetic standards.
Charming, comfortable, and full of warmth, this inviting single-story home is a wonderful opportunity in a desirable Fair Oaks location, priced under $500,000! Beautifully refinished hardwood floors flow through much of the home, adding character and charm. Dual-pane windows, Andersen sliding doors, a composition roof, and a tankless water heater offer added comfort and convenience. Situated on a spacious quarter-acre lot, the backyard features a newer deck, storage shed, and an abundance of fruit trees, creating a lovely setting to relax or entertain. The front yard features a SMUD-based, climate-controlled irrigation system. Conveniently located near desirable schools, this home offers a welcoming feel, a generous lot, and a fantastic opportunity to enjoy Fair Oaks living at an exceptional value!
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades K-6 • 3.7 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,296 | 1,905.543 |
| Lot Size | 10,019 | 10,497.37 |
| Price | $485.0K | $653.6K |
| Price per sq ft | $374 | $336 |
| Built year | 1959 | 1976 |
| HOA | $0 | $343 |
| Days on market | 5 | 41 |
Oct 19, 2026
$485,000
Initial Listing
Jul 23, 2015
$275,000
Public Record
Mar 30, 2012
$165,000
Public Record
Apr 21, 2005
$368,000
Public Record
Jul 25, 2003
$250,000
Public Record