8865 Phoenix Ave, Fair Oaks, CA 95628, Fair Oaks, 95628 - 3 bed, 2 bath
Loading property details...
8865 Phoenix Ave
Fair Oaks, CA 95628
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,129Sq Ft
43,996Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$917,258
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $899,000—positioned well below the $917,258 Fair Market Value by 2%. This valuation gap offers $18,258 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home requires modernization, yet the RD-3 Zoning and 1.01-acre lot provide significant development upside. With existing Equestrian Amenities and a Private Swimming Pool, this asset is ideal for Real Estate Developers or Owner-Occupants seeking a value-add project with long-term growth potential.
Estimated Market Value
$917,258
Based on Realkey algorithm analyzing recent comparable sales in Fair Oaks.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8865 Phoenix Ave Subject 3 bd · 2 ba · 2,129 sqft · $431 | $899,000* List Price | 3 | 2 | 2,129 | $431 | - |
A 8723 Phoenix Avenue Active 1 bd · 2 ba · 995 sqft · $703 · 0.3 mi | $699,000 List Price | 1 | 2 | 995 | $703 | 0.3 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 1956, the home features a kitchen and laundry area with renovations likely dating back 20-30 years (oak cabinetry and white tile counters). While the interior appears clean and functional with well-maintained hardwood floors, the overall aesthetic is dated. The listing's emphasis on 'potential,' 'vision,' and 'development' suggests that while livable, the property requires significant cosmetic updates and likely system modernizations to meet current 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 = 43996, living area = 1584.
- Development Potential
The property's RD-3 zoning on over an acre offers significant opportunities for residential subdivision or development, providing high value for investors and developers.
- Equestrian Amenities
Equipped with an existing stable and tack room, this lot is a rare find in Fair Oaks that caters specifically to horse enthusiasts and those seeking a country-style lifestyle.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1956, the home likely requires significant modernization and cosmetic updates to meet contemporary buyer expectations and standards.
- High Price per Square Foot
At a list price of $899,000 for only 1,584 square feet of living space, the value is heavily weighted in the land, which may deter buyers looking for a larger residence.
About 8865 Phoenix Ave
Welcome to 8865 Phoenix Avenue, a unique ranch-style property situated on approximately one acre in desirable Fair Oaks. Offering 3-4 bedrooms, this property combines comfortable living with exceptional possibilities for homeowners, investors, builders, and developers alike. Enjoy a beautifully refreshed swimming pool featuring a resurfaced finish and new pool equipment, creating the perfect setting for outdoor entertaining and relaxation. The expansive grounds offer ample space for recreation, gardening, equestrian interests, or future improvements. Zoned RD-3, this property offers exciting development potential, with the possibility of building up to four homes, subject to Sacramento County approval and verification. Whether you're envisioning a private family compound, multiple residences, an investment opportunity, or simply enjoying the privacy and freedom of acreage living, the possibilities are abundant. Ideally situated in an established Fair Oaks neighborhood, this property offers a rare combination of space, flexibility, and future potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 43,996 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 | 3.3 |
| Baths | 2.0 | 2.6 |
| Square foot | 2,129 | 1,905.543 |
| Lot Size | 43,996 | 10,497.37 |
| Price | $899.0K | $653.6K |
| Price per sq ft | $422 | $336 |
| Built year | 1956 | 1976 |
| HOA | $0 | $343 |
| Days on market | 29 | 41 |
Pricing History
Listed for Sale
Sep 25, 2026
$899,000
Initial Listing