8366 Madison Avenue, Fair Oaks, CA 95628, Fair Oaks, 95628 - 3 bed, 2 bath

8366 Madison Avenue, Fair Oaks, CA 95628 home-pic-0
ACTIVE$939,000
8366 Madison Avenue, Fair Oaks, CA 95628
3Beds
2Baths
2,765Sqft
14,810Lot
Year Built
1957
Close
-
List price
$939K
Original List price
-
Price/Sqft
$340
HOA
$0
Days on market
-
Sold On
-
MLS number
225134470
Home ConditionExcellent
Features
Deck
View-

About this home

Great Deal:The estimated price is 50% above the list price. We found 3 Cons,6 Pros. Rank: price - $939.0K(92th), sqft - 2765(90th), beds - 3(50th), baths - 2(50th).

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
10/20/25
Price Change
$939,000
03/28/24
Sold
$310,000
12/28/23
Sold
$260,000
Condition Rating
Excellent

Despite the 1957 build year, the property has undergone a thorough and recent renovation, as explicitly stated in the description and visually confirmed by the images. Both the main residence and the second unit feature contemporary kitchens with new cabinetry, quartz countertops, stainless steel appliances, and modern fixtures. Bathrooms are fully updated with stylish vanities, backlit mirrors, and new tiling. The property boasts consistent, new-looking laminate flooring, recessed lighting, and an open-concept design, indicating all visible components are new or virtually new, meeting current quality standards. It is truly move-in ready with no deferred maintenance visible.
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 = 2765.
Dual Dwelling Configuration: Offers exceptional versatility for multi-generational living, guest accommodations, or significant rental income potential with two distinct homes on one lot.
Extensive Main Residence Renovation: The primary home boasts a thorough, modern renovation including an open-concept floor plan, updated bathrooms, and a contemporary kitchen with quartz countertops and stainless-steel appliances.
Income-Generating Second Unit: The 765 sq. ft. second home, with its own entrance and address, presents a clear opportunity for substantial rental income or private guest/family living.
Desirable Fair Oaks Location: Positioned in a sought-after neighborhood with convenient access to schools, shopping, dining, and parks, enhancing lifestyle and property value.
Move-In Ready Condition: Both residences appear to be in excellent, ready-to-occupy condition, minimizing immediate buyer expenses and renovation efforts.

Cons

Original Construction Year: Despite renovations, the property's original build year (1957) may raise concerns regarding the age of underlying infrastructure (e.g., plumbing, electrical, foundation) not explicitly mentioned as updated.
Limited Individual Outdoor Space: With two homes on a single lot, the individual outdoor space available for each dwelling might be perceived as less expansive compared to a single-family home on a similar lot size.
Potential for Higher Maintenance on Older Systems: While renovated, the age of the overall property (1957) could lead to higher long-term maintenance costs for systems or components not covered by the recent renovations.

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