9429 Erwin Avenue, Orangevale, CA 95662, Orangevale, 95662 - 3 bed, 2 bath
9429 Erwin Avenue
Orangevale, CA 95662
Property Price
SUMMARY
Analysis of 9429 Erwin Avenue, Orangevale, CA 95662 reveals a Prime Investment Opportunity with a current list price of $579,000—significantly undercutting the $608,308 Fair Market Value by 4%. This valuation gap indicates a +$29,308 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Orangevale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9429 Erwin Avenue Subject | $579,000* List Price | 3 | 2 | 1,533 | $397 | - |
A 6035 Sirl Way Sold | $640,000 | 3 | 2 | 1,370 | $467 | 0.5 mi |
B 5624 Greenacres Way Sold | $555,000 | 3 | 2 | 1,326 | $419 | 0.7 mi |
C 9518 Lake Natoma Drive Sold | $555,000 | 3 | 2 | 1,260 | $440 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1958, the property has undergone a comprehensive and high-end renovation within the last two years. The interior features a fully remodeled designer kitchen with modern waterfall countertops, new appliances, and stylish cabinetry. The home also boasts updated bathrooms, new wood-look flooring, fresh interior/exterior paint, dual-pane windows, and energy-efficient lighting, meeting the criteria for a property that is virtually new in its finishes and systems.
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 = 10019, living area = 1533.
- Comprehensive Modern Remodel
The home features a high-end renovation including a designer kitchen with waterfall countertops, stylish blue cabinetry, wood-look flooring, and energy-efficient upgrades throughout.
- Expansive Lot with Development Potential
Situated on a 0.23-acre lot, the property offers ample space for RV access or the addition of an ADU, providing significant flexibility and future value for the homeowner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1533, other record living area = 1233.
- Vintage Structural Core
Originally built in 1958, the property may have aging underlying infrastructure or systems that were not fully replaced during the cosmetic renovation.
- Rapid Price Appreciation
With a recent sales history of $400,000 in late 2024, the current list price reflects a substantial premium that may face scrutiny during the appraisal process.
About 9429 Erwin Avenue
Charming, newly remodeled home nestled in the heart of Orangevale! This beautiful property features a spacious living and dining combo that creates a warm and welcoming atmosphere, complemented by fresh interior and exterior paint, stylish wood-look flooring, dual-pane windows, and energy-efficient lighting throughout. The fully renovated kitchen is a true focal point, offering elegant blue cabinetry, generous waterfall countertops, a new Samsung 5-burner gas range with oven and microwave, a new stainless-steel LG dishwasher, and a sleek modern sink and faucet. The bathroom has been tastefully updated with the same attention to detail, including beautiful framed mirrors and a stylish vanity cabinet with countertop. Situated on a spacious 0.23-acre lot with potential for an ADU or RV access, the longer driveway may accommodate up to four vehicles, while the large backyard features storage sheds and new low-maintenance front landscaping perfect for outdoor living, entertaining, and recreation. Conveniently located near nature trails, parks, Lake Natoma, Folsom Lake, schools, local dining, and shopping. welcome home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1958
- Lot Size
- 10,019 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,533 | 1,494 | 52% |
| Lot Size | 10,019 | 10,018.8 | 50% |
| Price | $579.0K | $550.0K | 61% |
| Price per sq ft | $378 | $381 | 47% |
| Built year | 1958 | 1974 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 178 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$579,000
Initial Listing
Sold
Nov 1, 2024
$400,000
Public Record
Sold
Sep 29, 2023
$410,000
Public Record
Sold
Feb 10, 2020
$250,000
Public Record