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603 N Lincoln Way, Galt, CA, 95632

3beds
2baths
1,418sqft
$350,000
$247price/sqft
$2,593/moest. monthly cost
$103,720/yrincome needed

About This Home

Attention investors, flippers, contractors, and creative finance buyers this is the type of opportunity that rarely stays available for long. Situated on a generously sized lot in an established Galt neighborhood, this short sale with a Notice of Default presents a chance to acquire a property with strong upside potential at a compelling value. The home offers a functional layout, solid fundamentals, and the kind of cosmetic and value-add improvements that can create significant equity for the right buyer. The expansive backyard opens the door to multiple possibilities, including a potential ADU (buyer to verify), outdoor entertaining space, workshop, garden, pool, or additional improvements. With possible RV access and ample lot size, investors and owner-occupants alike will appreciate the flexibility this property provides. Inside, portions of the home have already been opened up, offering a blank canvas for reconfiguration and modernization. Bring your contractor, designer, and vision to transform this property into something special. Whether you're looking to renovate and resell, build long-term rental wealth, explore house-hack opportunities, or add value through creative improvements, this property deserves a serious look. Properties with this combination of lot size, upside potential, ADU possibilities, and distressed-sale pricing are becoming increasingly difficult to find. Savvy buyers understand that the biggest returns often come from seeing what a property can become, not just what it is today. Opportunities like this attract attention quickly. Don't wait for another investor to recognize the potential and secure the deal first. Buyer to verify all development potential, zoning, ADU possibilities, and property information to their satisfaction.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
44
BikeSomewhat Bikeable

Schools

6/10
Galt High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1962

Materials

  • Foundation: Raised
  • Roof: Composition
  • Construction materials: Stucco,Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: A-Frame
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Cabinets,Inside,Other

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Space in Kitchen

Features

  • Flooring: Laminate,Linoleum

Heating & Cooling

  • Heating features: Central
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 0
  • Total interior livable area: 1,418 sqft

Kitchen

  • Features: Breakfast Area

Property

Details

  • Parcel number: 15000410290000
  • Zoning: HC
  • Special condition: Short Sale,Notice Of Default,Offer As Is,Standard

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 0.28 Acres
  • Features: Other

Parking

  • Total spaces: 2
  • Parking features: Attached,RV Access/Parking,Side By Side,Garage Faces Front,Driveway,Level Driveway/Sidewalks
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding

FEMA Declared Disasters in Sacramento County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$90$1,080
Property Taxes $336$4,032
Electricity $398$4,786
Total$2,593$31,116
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,902/yr
40% on housing$77,790/yr
45% on housing$69,146/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.7%
7.7%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$247This listing

vs Other Active Listings

Avg $/sqft

ZIP 95632$287
Sacramento County$265

vs Homes Sold Last Month

Median $/sqft

ZIP 95632$314
Sacramento County$320

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2024-06-07Sold$480,000
2024-04-29Pending sale$489,000
2024-04-23Listed for sale$489,000

Pre-Foreclosure

AgentAndrew Dutra-Tristao
BrokerageColdwell Banker Realty

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