5131 Olivehurst Way, Elk Grove, CA 95758, Elk Grove, 95758 - 4 bed, 2 bath
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5131 Olivehurst Way
Elk Grove, CA 95758
ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,486Sq Ft
5,558Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$514,168
6% AboveMARKET VALUE
SUMMARY
This 4-bedroom Single Family Residence represents a Strong Value Opportunity, listed at $565,000—positioned well above the $520,069 Fair Market Value by 8%. While the property requires modernization due to its Condition Rating of 4, it offers significant lifestyle appeal with a lush, mature landscape and a private patio. Located in a district with top-rated schools like Laguna Creek High, this home provides a stable foundation for Owner-Occupants or first-time buyers looking to build long-term value through strategic cosmetic updates.
Estimated Market Value
$514,168
Based on Realkey algorithm analyzing recent comparable sales in Elk Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5131 Olivehurst Way Subject | $550,000* List Price | 4 | 2 | 1,486 | $346 | - |
A 5208 Olivehurst Way Sold | $552,000 | 4 | 2 | 1,486 | $371 | 0.1 mi |
B 5347 Coral Creek Way Sold | $559,000 | 4 | 3 | 1,675 | $334 | 0.3 mi |
C 4910 Westham Way Sold | $499,000 | 3 | 2 | 1,663 | $300 | 0.5 mi |
D 5320 Applehurst Way Sold | $455,000 | 3 | 2 | 1,556 | $292 | 0.1 mi |
E 5406 Sitka Court Sold | $552,500 | 3 | 2 | 1,334 | $414 | 0.5 mi |
F 9013 Lanetry Court Sold | $525,000 | 3 | 2 | 1,406 | $373 | 0.4 mi |
G 5209 Meadowland Way Sold | $510,000 | 3 | 3 | 1,673 | $305 | 0.1 mi |
H 5621 Elk Spring Way Sold | $488,000 | 3 | 2 | 1,185 | $412 | 0.4 mi |
I 5345 Jade Creek Way Active | $489,900 List Price | 3 | 2 | 1,273 | $385 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988, this property is over 35 years old. While the listing shows pride of ownership and well-maintained landscaping, the interior features dated original oak cabinetry and older tile flooring. The stone countertop in the bathroom suggests a minor update, but the overall aesthetic and systems are aged and require modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location and Schools
Situated in a highly desirable Elk Grove neighborhood, the property offers access to top-rated schools like Laguna Creek High and is conveniently close to parks, shopping, and dining.
- Exceptional Curb Appeal
The home features a lush, professionally maintained landscape with mature plants and greenery, creating a private outdoor oasis that enhances both aesthetic value and tranquility.
- Pride of Ownership
The property demonstrates meticulous care and maintenance, including a functional four-bedroom layout and a water softener system, ensuring a move-in-ready experience for buyers.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 83 days on the market, the property has exceeded the typical selling timeframe for the area, which may lead to buyer skepticism regarding its market positioning.
- Recent Price Volatility
A recent price reduction from $580,000 to $565,000 indicates that the initial valuation did not align with market demand, potentially impacting the perceived value of the home.
About 5131 Olivehurst Way
Welcome to this beautiful 4-bedroom home located in one of Elk Grove's most desirable neighborhoods! Situated within highly rated school districts and conveniently close to shopping, dining, parks, and everyday amenities, this home offers both comfort and convenience. The property features a lush, well-maintained landscape that creates a true oasis, with mature plants and attractive greenery enhancing both the front and backyard spaces. Whether you're enjoying your morning coffee on the patio or entertaining family and friends, the outdoor areas provide a peaceful retreat. Inside, you'll find a spacious and functional layout designed for modern living. Additional highlights include a water softener system and pride of ownership throughout. This is an exceptional opportunity to own a home in a sought-after community with excellent schools and a welcoming neighborhood atmosphere. Don't miss your chance to make this Elk Grove gem your new home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 5,558 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Elk Grove Unified Schools
John Ehrhardt Elementary School
Grades K-6 • 0.6 mi
5/10
Marion Mix Elementary
Grades K-6 • 0.6 mi
6/10
Harriet G. Eddy Middle School
Grades 7-8 • 1.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Aug 28, 2026
$550,000
$565,000
-3% Price Drop
Initial Listing
Price Change
Jul 14, 2026
$565,000
$580,000
-3% Price Drop
Initial Listing
Price Change
Jun 1, 2026
$580,000
Initial Listing
Sold
Dec 2, 2015
$270,000
Public Record