4615 Illinois Avenue

Fair Oaks, CA 95628

Rare investor opportunity in Fair Oaks! This 4-bedroom home with 1 full bath and 2 half baths sits on a little over an acre at the entrance of the quiet and desirable Ranchwood Ct private community. Enjoy the benefits of being right next to this neighborhood without paying any HOA fees. The spacious lot features a variety of mature fruit trees, adding charm to the outdoor space. Just a 10-minute walk to Sailor Bar Park, which offers a beautiful walking and biking trail as well as a boat launch with direct access to the American River, perfect for outdoor and nature enthusiasts. About half of the property is flat, usable land, providing the opportunity to build an ADU under RD-2 zoning or potentially subdivide the lot into two half-acre parcels. Renovate the existing home and build a brand-new construction on the other side, ideal for multi-generational living or investment. Located in a top-rated school district: Earl Legette Elementary, Andrew Carnegie Middle, and Bella Vista High School. A truly special opportunity in a prime location!

Listing courtesy of RE/MAX Gold Folsom



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Last checked 2025-05-19 09:45 PM PDT