923 3rd Street, Davis, CA 95616, Davis, 95616 - 2 bed, 2 bath
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923 3rd Street
Davis, CA 95616
PENDING
CONDITION: EXCELLENT
2Beds
2Baths
1,188Sq Ft
5,227Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$606,286
15% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is listed at $699,000, positioned above the $606,287 Fair Market Value. Despite the premium, the property offers significant upside through its R-2 Zoning and Development Potential for an additional residence. Featuring a Condition Rating of 2, the home includes a Granite Kitchen, newer roof, and updated infrastructure. Its prime location near UC Davis ensures strong rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modernized historic home with expansion capabilities.
Estimated Market Value
$606,286
Based on Realkey algorithm analyzing recent comparable sales in Davis.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 923 3rd Street Subject | $699,000* List Price | 2 | 2 | 1,188 | $510 | - |
A 425 J Street Active | $725,000 List Price | 2 | 2 | 1,040 | $697 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite its 1896 build date, the property has undergone comprehensive recent renovations including a newer roof, updated electrical, newer plumbing, and a tankless water heater. The interior is in mint, move-in ready condition with high-end appliances, granite countertops, and modern flooring, meeting the criteria for a property with no immediate maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The R-2 zoning and lot configuration provide a rare opportunity to build an additional residence facing I Street, offering significant value-add potential for investors or multi-generational living.
- Prime Downtown Location
Situated in the heart of Davis, the property is just steps away from UC Davis, local parks, and downtown amenities, ensuring high desirability and strong rental demand.
- Modernized Infrastructure
Despite its 1896 origins, the home features critical modern upgrades including a newer roof, updated electrical and plumbing systems, and a tankless water heater for improved efficiency.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 1,188 square feet of living area, the home's smaller footprint may be a limiting factor for buyers seeking larger family accommodations or expansive common areas.
- Historic Age Risks
The property's 1896 construction date may present inherent structural quirks or ongoing maintenance requirements typical of century-old homes that modern updates may not fully address.
About 923 3rd Street
Amazing Price for Downtown DAVIS!! Originally built in 1896, this charming light-filled home beautifully blends historic character with modern updates in an exceptional central Davis location. Zoned R-2, the property offers exciting potential with ample space to build an additional residence facing I Street just steps from shopping, parks, restaurants, and University of California, Davis. This charming home features 2 bedrooms and 2 bathrooms with soaring ceilings, abundant natural light, wood laminate and tile flooring, and an inviting kitchen appointed with granite tile countertops and high-end appliances. Thoughtful recent improvements include a newer roof, updated electrical, newer plumbing, and a tankless water heater for modern comfort and efficiency. So many opportunities for this home in this location!! Pre-listing Inspections available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1896
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,188 | 2,066.458 |
| Lot Size | 5,227 | 7,359.833 |
| Price | $699.0K | $1.01M |
| Price per sq ft | $588 | $467 |
| Built year | 1896 | 1987 |
| HOA | $0 | $149 |
| Days on market | 28 | 44 |
Pricing History
Listed for Sale
Aug 12, 2026
$699,000
Initial Listing
Sold
Apr 24, 2008
$449,000
Public Record
Sold
Jan 29, 2003
$356,000
Public Record
Sold
Apr 16, 2001
$200,000
Public Record