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1535 38th St
Score
74
Sacramento, CA

1535 38th St

2.1M
4 bd • 3 ba • 3,391 sf

This analysis was generated on 3/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$2,095,000

Price/Sq.Ft

$618

Year Built

1924

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Hardwood Flooring: Classic and durable flooring, adds warmth and value • Updated Kitchen: Modern appliances and finishes, highly desirable • Vaulted Ceilings: Creates a spacious and airy feel, adds architectural interest • Stone Fireplace: Focal point, adds warmth and character • Hardwood Floors • Updated Kitchen • Vaulted Ceilings • Stone Fireplace • Price Position: At $617.81/sqft, a comparative analysis with similar properties in Curtis Park is needed to determine if the price is justified. • Appreciation Trend: Significant appreciation since the last sale in 2014 ($685,000 to $2,095,000), but further analysis is needed to determine the annual appreciation rate and compare it to market trends. • Investment Opportunity: After $13,000 in renovations, potential $67,000 equity gain (515.4% ROI) • Rental Income: $2,083/month with 95% occupancy (4.2% cap rate) • Schools: The presence of above-average elementary and middle schools likely adds a moderate premium (3-5%) to property values. However, the low-rated high school could be a deterrent for some families and may limit future appreciation potential. • Safety: Compared to state averages, violent crime is -16.8% lower, and property crime is -5.3% lower. Compared to national averages, violent crime is -23.6% lower, but property crime is 13.6% higher. Robbery is significantly higher than the national average (66.9%). • Future Development: No specific planned changes are mentioned that would directly impact this property. • Good natural light throughout the main living areas, especially in the kitchen and living room with large windows and skylights. Bedrooms also have ample natural light. • Open concept living area with good flow between kitchen, dining, and living spaces. Bedrooms are well-separated for privacy. The layout is functional and well-suited for modern living.
Hardwood Flooring

Hardwood Flooring

Classic and durable flooring, adds warmth and value

Updated Kitchen

Updated Kitchen

Modern appliances and finishes, highly desirable

Vaulted Ceilings

Vaulted Ceilings

Creates a spacious and airy feel, adds architectural interest

The Bad

• Bathroom Renovation (MEDIUM priority): $10,000 • Interior Painting (LOW priority): $3,000 • Extreme air quality risk (10/10) may deter some buyers. • Major heat risk (6/10) could increase utility costs. • Hiram W. Johnson High School's low rating (3/10) may be a concern for families with older children.

The Ugly

No critical issues identified
Bathroom Tile

Bathroom Tile

Dated tile and fixtures in bathrooms

Wall Color

Wall Color

Yellow paint color in living room is dated

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

Rental Property Investors: Potential annual revenue of $25,000 with 95% occupancy rate Value Investors: Projected 12.2% appreciation potential in moderate scenario Renovation-Minded Buyers: Estimated $13,000 in strategic upgrades could significantly increase property value

Not For

No specific buyer categories to avoid identified
Demographics
Area Median Income

$77,839

Property History

Price History
Ownership Timeline
$685,000Financed
Mar 4, 2014
Morandi Property Management LlcJohn David Milliken, Yolanda Moreno Milliken
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 22, 2013
Susan Kukrall, The Morandi Revocable Family TrustSusan Kukrall, Gina Gray
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Mar 4, 2013
Susan Kukrall, Gina GrayMorandi Property Management Llc
Quit Claim Deed
Non-Arm's Length Transactions

Property Taxes

$13,471
2024 Tax Assessment
2.4%from previous year
Assessed Value$1,141,263
Tax Rate1.18%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Schools

Nearby school quality by education level

Middle

7.0/10
Good

High

3.0/10
Below Average

Financials

Monthly Costs
Market Rent (4 bed)

$1,480

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$2,095,000
Price/sqft
$618
Layout
4 bd3 ba
Days on market
1 daysat time of analysis

Stats in the Area

Based on 3 comparable properties nearby

Average Price

$1,831,667

14.4%

Your price is 14.4% above average

Median Price

$1,900,000

10.3%

Based on 3 recent sales

Price per Sq.Ft

$576

7.3%

Your price is 7.3% above average $/sqft

Comparable Properties

1210 38th Street, Sacramento, CA 95816
Price: $2,600,000
Sq.Ft: 3,632
Beds/Baths: 4/3
$/Sq.Ft:
$71615.9%
Sale Date: 10/17/2024
5412 T Street, Sacramento, CA 95819
Price: $995,000
Sq.Ft: 3,022
Beds/Baths: 4/4
$/Sq.Ft:
$32946.7%
Sale Date: 1/10/2025
1373 40th Street, Sacramento, CA 95819
Price: $1,900,000
Sq.Ft: 2,781
Beds/Baths: 4/4
$/Sq.Ft:
$68310.6%
Sale Date: 1/17/2025

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