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8366 Madison Avenue, Fair Oaks, CA 95628, Fair Oaks, 95628 - 5 bed, 6 bath

8366 Madison Avenue, Fair Oaks, CA 95628 home-pic-0
ACTIVE$1,095,000
8366 Madison Avenue, Fair Oaks, CA 95628
5Beds
6Baths
2,000Sqft
14,810Lot
Year Built
1957
Close
-
List price
$1.09M
Original List price
-
Price/Sqft
$548
HOA
$0
Days on market
-
Sold On
-
MLS number
225123935
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 4 Cons,6 Pros. Rank: price - $1.09M(96th), sqft - 2000(61th), beds - 5(96th), baths - 6(99th).

Two homes on one lot, offering flexibility for multigenerational living, guest accommodations, or rental income. The main residence is approximately 2,000 sq. ft. and has been thoroughly renovated with thoughtful attention to detail. It features 3 spacious bedrooms, 2 updated bathrooms, and an open-concept floor plan designed for modern living. The kitchen boasts contemporary cabinetry, quartz countertops, and stainless-steel appliances, seamlessly connecting to the dining and living areas. The second home is approximately 765 sq. ft. and provides 2 bedrooms,1 full bath, kitchen, and living area, offering a comfortable and private living space. With its own entrance and address, it is ideal for extended family, visiting guests, or as an income-producing rental. Situated in a desirable Fair Oaks neighborhood, the property is close to schools, shopping, dining, and parks. This versatile property is move-in ready and presents a unique opportunity with endless possibilities.

Price History

Date
Event
Price
09/25/25
Price Change
$1,095,000
03/28/24
Sold
$310,000
12/28/23
Sold
$260,000
Condition Rating
Excellent
Despite being built in 1957, the main residence has undergone a thorough and extensive renovation, as explicitly stated in the description and clearly depicted in the images. The kitchen features contemporary white shaker cabinetry, quartz countertops, and new stainless-steel appliances, all appearing virtually new. Bathrooms are updated with modern tiling, frameless glass showers, and current fixtures. Throughout the home, there is consistent light wood-look flooring (likely LVP/laminate), recessed lighting, and fresh neutral paint, indicating a very recent and high-quality overhaul. The property is described as 'move-in ready' with no deferred maintenance visible, aligning perfectly with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons

Pros

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 = 14810, living area = 2000.
Dual-Unit Configuration: The property features two distinct homes on one lot, providing exceptional flexibility for multi-generational living, guest accommodations, or significant rental income potential.
Extensively Renovated Main Residence: The primary 2,000 sq. ft. home has undergone a thorough, modern renovation, including updated bathrooms, an open-concept floor plan, and a contemporary kitchen with high-end finishes (quartz, stainless steel).
Income-Generating Second Unit: The 765 sq. ft. second home, complete with its own entrance and address, offers a clear opportunity for substantial rental income, enhancing the property's financial appeal.
Desirable Fair Oaks Location: Situated in a sought-after neighborhood, the property benefits from proximity to essential amenities such as schools, shopping, dining, and parks, contributing to a convenient lifestyle.
Move-in Ready Condition: Both units appear to be in excellent, ready-to-occupy condition, minimizing immediate renovation needs for a new owner.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 2765. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Age of Original Construction: Built in 1957, the property's age, despite renovations, may raise concerns about the condition of underlying infrastructure (e.g., plumbing, electrical, foundation) not explicitly mentioned as updated in both units.
Listing Price Above Estimated Value: The current list price of $1,095,000 is notably higher than the estimated property value of approximately $1,011,160, potentially impacting buyer interest and negotiation leverage.
Potential for Increased Maintenance: Owning two separate structures on one lot could lead to higher overall maintenance requirements and costs compared to a single-family home.

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