363 Ford Road - Market Value (Comps)

Market Value & Real Estate Comparables
The listing price is highly competitive and stands as one of the lowest-priced turn-key, move-in-ready, detached houses on a large 6,500+ sq. ft. lot with R-3-R zoning in all of Sacramento.
For local market context, the property directly next door at 361 Ford Rd sold for $400,000. Additionally, 3408 Taylor St (a vacant lot on a corner of the exact same street) is currently listed for $299,900. The average property price in the 95838 zip code is approximately $402,806 and the average price across the city of Sacramento is $482,968.
Furthermore, MLS market data shows that Sacramento remains highly competitive, with nearly half of all homes (roughly 48.2%) selling above list price and the overall citywide sale-to-list ratio averaging right at 100%. In a market where buyers are routinely paying full asking price or higher, securing a fully renovated, detached house at this price point is a distinct opportunity.

95838, CA Housing Market: 2026 Home Prices & Trends | Zillow
https://www.zillow.com/home-values/98447/sacramento-ca-95838

Sacramento, CA Housing Market: 2026 Home Prices & Trends | Zillow
https://www.zillow.com/home-values/20288/sacramento-ca

Apartment Complex Development Zoning & Land Worth
Unlike a standard single-family lot, this 6,500+ sq. ft. buildable lot features rare R-3-R multi-unit residential zoning. This classification formally permits the construction of multi-unit residential options up to an apartment complex or sequential multi-unit footprint. Such R-3-R zoning is scarce and cannot easily be purchased or obtained. The land alone with this premium zoning is very valuable, as the nearby vacant lot on a corner of the same street is listed for $299,900. The physical layout here is already optimized for expansion, with wide drivable access directly to the backyard and full RV access, adding immense potential long-term equity.

According to the Official Sacramento County Assessor Parcel Viewer (link below), the subject property is identified as R-3-R (Multi-Family Residential), with a density of up to 30 units per acre (per review).

Assessor Parcel Viewer, Sacramento County, California, USA
https://assessorparcelviewer.saccounty.gov/jsviewer/assessor.html

Immediate Turn-Key Cost Savings
Unlike many homes in this price tier that require immediate, expensive updates, this property is completely turn-key. The most expensive areas of a home to renovate—the kitchen and bathroom—have already been fully remodeled. Buyers can move in without needing to spend a lot of additional out-of-pocket cash on repairs or modernization. For a price-conscious buyer, this represents thousands of dollars in immediate, real-world savings.

Direct Valuation Feedback Policy
The subject property's pricing is based on clear, verifiable market realities rather than vague perception.
If the buyers genuinely believe the subject property is worth less than the listing price, the sellers invite direct comparables to be formally presented instead of unrelated property profiles. Any alternative properties submitted for review must feature the same multi-unit zoning on a similar-sized buildable lot and be located within the immediate neighborhood, as location, zoning, and condition parameters significantly affect the market value.

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