5314 Iris Spring Way, Elk Grove, CA 95757, Elk Grove, 95757 - 5 bed, 4 bath
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Elk Grove, CA 95757
This property presents a Strong Value Opportunity with a List Price of $850,000—positioned well below the $786,792 Fair Market Value by -8%. While the property requires cosmetic updates, its 4,529 sq ft footprint and Fair Condition Rating offer significant potential for forced appreciation. Located in a prime district with Top-Rated Schools like Helen Carr Castello Elementary, this asset provides a rare chance to build equity in a high-demand area. This is an ideal acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5314 Iris Spring Way Subject | $850,000* List Price | 5 | 4 | 4,529 | $174 | - |
A 4708 E Coppola Circle Sold | $750,000 | 5 | 4 | 3,407 | $220 | 0.6 mi |
B 9987 Spring View Way Sold | $730,000 | 4 | 3 | 3,293 | $222 | 0.1 mi |
C 10022 Spring View Way Active | $940,000 List Price | 5 | 3 | 3,905 | $241 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005 (21 years old), the property meets the age criteria for 'Fair' condition. The listing explicitly mentions deferred maintenance and the need for cosmetic updates and restoration, indicating the home is dated and requires repairs, though it retains 'great bones' and is not yet at the 30-year threshold for 'Poor' condition.
Boasting 4,529 sq ft, this is one of the largest floor plans in the area, offering 5 bedrooms and flexible living zones ideal for multigenerational families or a home office.
Situated in the desirable 95757 zip code, the property is within walking distance to top-rated schools like Helen Carr Castello Elementary and offers easy access to Highway 99.
Priced to reflect its current state, this 'great bones' property provides a significant opportunity for investors or owner-occupants to build equity through cosmetic renovations.
The property requires cosmetic updates and repairs for deferred maintenance, which will necessitate immediate additional capital investment from the buyer.
Being sold strictly in as-is condition, the property may present challenges for traditional financing and requires a buyer prepared to handle all necessary repairs without seller concessions.
Rare opportunity to own one of the largest floor plans in the neighborhood, a spacious 4,529 sq ft home in desirable Elk Grove 95757. Built in 2005 with great bones and an expansive layout, this home offers an incredible chance to restore and personalize a truly special property. The floor plan offers exceptional flexibility with multiple living areas, ideal for multigenerational living, a home office setup, or simply the extra space today's buyers are searching for. The oversized footprint provides endless potential to renovate to your own style while building significant equity in the process. Situated in a well-established neighborhood with strong comps, top-rated schools, nearby parks, and convenient access to Highway 99 and all that Elk Grove has to offer, the location does the heavy lifting. Cosmetic updates and deferred maintenance are reflected in the price. For the investor, flipper, or owner-occupant who knows value when they see it, this is the one. Sold as-is. Don't miss your window.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 2.0 mi
Grades 7-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 78% |
| Baths | 4.0 | 3.0 | 80% |
| Square foot | 4,529 | 2,212.5 | 99% |
| Lot Size | 7,231 | 5,898.5 | 83% |
| Price | $850.0K | $685.8K | 88% |
| Price per sq ft | $188 | $305 | 1% |
| Built year | 2005 | 2005 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 217 | 1% |
May 28, 2026
$850,000
Initial Listing
Aug 5, 2005
$687,000
Public Record