5201 Laguna Oaks DR, Elk Grove, CA 95758, Elk Grove, 95758 - 2 bed, 2 bath
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Elk Grove, CA 95758
This Strategic Investment Condominium is listed at $349,990, representing a stable entry point aligned with its $348,044 Fair Market Value. Maintaining a Fair Condition Rating, the second-floor unit features durable laminate flooring and included appliances, offering immediate rental readiness with significant value-add potential in the original kitchen and baths. Residents benefit from a gated community lifestyle including a pool, spa, and deck within the Elk Grove Unified School District near Laguna Creek High. This asset is an ideal acquisition for Buy-and-Hold Investors targeting 1031 exchange benefits or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5201 Laguna Oaks DR Subject | $349,990* List Price | 2 | 2 | 1,039 | $335 | - |
A 5201 Laguna Oaks 5 Sold | $275,000 | 1 | 1 | 722 | $381 | 0.1 mi |
B 5201 Laguna Oaks Drive 156 Pending | $339,999 List Price | 2 | 2 | 1,039 | $327 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 26-year-old property falls into the 'Fair' category as it is over 20 years old with mostly original finishes. While the living area features updated laminate flooring, the kitchen and bathrooms show original oak cabinetry, laminate countertops, and dated appliances that require modernization. The property appears well-maintained and functional but is aesthetically dated.
Situated in the highly regarded Elk Grove School District and close to local amenities, this property offers strong appeal for families and long-term value retention.
The unit includes essential appliances like a refrigerator, washer, and dryer, along with durable laminate flooring, reducing immediate move-in or rental preparation costs.
Located in a secure gated community with potential for 1031 exchange and cost segregation benefits, this condo represents a strategic entry point for real estate investors.
As a second-floor unit, it may be less desirable for buyers with mobility concerns or those who prefer the convenience of ground-level access.
Multiple recent price reductions suggest the property is still finding its market value, which may indicate initial overpricing or slower buyer interest.
2 beds,2 baths,1 car Garage Condo in Elk Grove. On 2nd Floor. Laminated Floor, Refrigerator and washer dryer included (As-Is). Gated Community in Elk Grove school district. All amenities near by. Opportunity for an investor to do a quick 1031 and get the cost segregation for 2026.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.7 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,039 | 1,076 | 43% |
| Lot Size | - | - | 50% |
| Price | $350.0K | $400.0K | 29% |
| Price per sq ft | $337 | $337 | 50% |
| Built year | 1999 | 2006 | 29% |
| HOA | $276 | $276 | 50% |
| Days on market | 156 | 125 | 71% |
Feb 16, 2026
$349,990
$354,990
-1% Price Drop
Initial Listing
Dec 13, 2025
$354,990
$360,000
-1% Price Drop
Initial Listing
Nov 17, 2025
$360,000
Initial Listing