NOT LISTED FOR SALE

7948 Sunset Ave Fair Oaks, CA 95628

Estimated Value: $613,000 - $1,459,000

2 Beds
2 Baths
1,950 Sq Ft
$524/Sq Ft Est. Value

Last Sold January 05, 2022

Last sale price $620,000 $318 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,221/month

5 Days on Market

About This Home

As of January 2022

AMAZING ACREAGE. Perfect for custom homes or multi family. 2 Homes on 1 lot, 1.77 acres, zoned RD5 and sub dividable, buyer to verify. The property has a fully remodeled front house 2/1 1,300 sq ft; 2nd house 1/1 can be used as ADU/Guest house, both can be income producing. Property has multiple points of access for a subdivision of 5+ homes, buyer to verify. Existing olive grove can be cultivated or incorporated into future development.

Last Agent to Sell the Property

Erin Kennedy

Nick Sadek Sotheby's International Realty License #02133353 Listed on: 12/16/2021

Last Buyer's Agent

Susana Goodwin

Windermere Signature Properties Fair Oaks License #02081597

Windermere Signature Properties Fair Oaks

Home Details

Home Type

  • Single Family

Year Built

  • 1960

Lot Details

  • 1.77

Home Design

  • Updated or Remodeled

Kitchen

  • Breakfast Area or Nook

Home Details

Home Type

Single Family

Year Built

1960

Lot Details

1.77 Acres

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Sub Type: 2 Houses on Lot
  • Remodeled Updated: Yes
  • Remodeled/Updated Desc: Bath 0-5YR,Kitchen 0-5YR,Bed 0-5YR
  • Architectural Style: Traditional
  • Directions: Sunrise to Sunset Ave
  • Horses: No
  • Road Surface Type: Gravel
  • Building Stories: 1
  • Subdivision Name: Fair Oaks
  • Special Features: None
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Oven, Free Standing Electric Range
  • Fireplace Features: Brick, Insert
  • Master Bedroom Features: Ground Floor
  • Bathroom Features: Other
  • Dining Room Features: Space in Kitchen
  • Kitchen Features: Breakfast Area
  • Living Room Features: Other
  • Main Level: Bedroom(s),Living Room,Dining Room,Family Room,Master Bedroom,Full Bath(s),Kitchen
  • Price Per Square Foot: 317.95
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Flooring: Carpet, Simulated Wood, Laminate
  • Dining Room Type: Master Bathroom, Dining Room, Family Room, Kitchen, Laundry
  • Private Spa: No

Exterior Features

  • Roof: Composition
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled, Original
  • Land Use: Plantable,Residential,Tree Farm,Other
  • Second Unit Kitchen: Yes
  • Construction Type: Stone, Frame, Wood
  • Direction Faces: North
  • Fencing: Back Yard, Fenced
  • Home Warranty: No
  • Lot Features: See Remarks
  • Other Structures: Guest House, Other
  • Patio And Porch Features: Back Porch
  • Pool Private: No

Garage/Parking

  • Parking Features: 1/2 Car Space, No Garage, Private, RV Possible, Other
  • Driveway/Sidewalks: Gated,Gravel,Unpaved
  • Open Parking Spaces: 2.00

Utilities

  • Cooling: Central
  • Heating: Central
  • Electric: See Remarks
  • Laundry Features: Ground Floor
  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: All Public
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Schools

  • Junior High Dist: San Juan Unified

Lot Info

  • Lot Size Sq Ft: 77101.00
  • Zoning Description: RD5

Tax Info

  • Bonds/Assessments/Taxes: Unknown

Multi Family

  • Unit 2 Partial Bathrooms: 0
  • Unit 2 Description: ADU/Guest House
  • Unit 2 Occupied: Yes
  • Unit 2 Type: Detached
  • Number Of Units Total: 2

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2020
Closed on
Dec 29, 2020
Sold by
Fazly Somaya Nama
Bought by
Popal Tariq
Seller's Agent
John Cooper
Cooper Realty
Buyer's Agent
RAHIM KAKAR
CAL BAY REALTY
List Price
$650,000
Sold Price
$520,000
Premium/Discount to List
-$130,000
-20%
Current Estimated Value
$1,056,559

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,559
Avg. Annual Appreciation
13.88%
Original Mortgage
$494,000
Outstanding Balance
$437,777
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$584,239

Purchase Details

Closed on
Sep 10, 2014
Sold by
Mcalister James Peter
Bought by
Mcalister James P and Cooper Mcalister Connie

Purchase Details

Closed on
Dec 16, 1997
Sold by
Mcalister Family Revocable Trust Of Ily
Bought by
Mcalister Bruce David and Mcalister James Peter

Purchase Details

Closed on
Mar 5, 1996
Sold by
Mcalister John R
Bought by
Mcalister John R and Mcalister Bruce David
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Popal Tariq -- First American Title
Popal Tariq $65,454 First American Title
Mcalister James P -- None Available
Mcalister Bruce David -- --
Mcalister John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Popal Tariq $494,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2022 01/05/22 Sold $620,000 +0.8% $318 / Sq Ft
12/21/2021 12/21/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $615,000 +18.3% $315 / Sq Ft
01/07/2021 01/07/21 Sold $520,000 0.0% $400 / Sq Ft View Prior Sale
12/31/2020 12/31/20 Off Market $520,000 -- --
11/18/2020 11/18/20 Pending -- -- --
09/05/2020 09/05/20 For Sale $650,000 -- $500 / Sq Ft
Source: MetroList

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,957 $657,948 $424,483 $233,465
2024 $7,957 $645,048 $416,160 $228,888
2023 $7,726 $632,400 $408,000 $224,400
2022 $6,641 $530,400 $357,000 $173,400
2021 $1,028 $73,099 $19,335 $53,764
2020 $1,013 $72,350 $19,137 $53,213
2019 $988 $70,932 $18,762 $52,170
2018 $967 $69,543 $18,395 $51,148
2017 $956 $68,181 $18,035 $50,146
2016 $899 $66,845 $17,682 $49,163
2015 $884 $65,842 $17,417 $48,425
2014 $866 $64,555 $17,077 $47,478
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221151714

MetroList

APN: 244-0058-002

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