
Granite Bay, CA 95746
This Spacious Custom Estate represents a Strong Value Opportunity, listed at $1,850,000—positioned well below the $1,990,286 Fair Market Value by 7%. This valuation gap provides $140,286 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant potential for modernization. Highlights include a 5,163 sqft layout, resort-style pool and sport court, and access to 10/10 rated schools. This is an ideal acquisition for Owner-Occupants seeking a value-add project or Investors targeting high-end, long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7380 Shelborne Drive Subject | $1,850,000* List Price | 5 | 5 | 5,163 | $385 | - |
A 7475 Shelborne Drive Active | $2,400,000 List Price | 6 | 8 | 5,773 | $416 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the home is well-maintained but significantly dated. Interior photos show original-style oak cabinetry, brass fireplace inserts, and tile countertops in the kitchen and baths. The listing description explicitly mentions the home is priced to allow for updates, fitting the 'Fair' criteria of being >20 years old and needing modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38098, living area = 5163.
Elementary School: Greenhills Elementary School (10/10). Middle School: Willma Cavitt Junior High School (10/10). High School: Granite Bay High School (10/10).
The home features a highly desirable layout where the primary suite and three secondary bedrooms are located on the main level, offering the convenience of single-story living in a large custom estate.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =38098, other record lot size in square feet = 38216.
Built in 1985, the property is priced to account for necessary cosmetic updates and modernizations required to bring the interior up to current luxury standards.
The combination of a nearly one-acre lot, extensive outdoor features, and a significant association fee suggests high ongoing carrying and maintenance costs for the homeowner.
Welcome to the beautiful Shelborne Estates neighborhood of Granite Bay. This custom home is both inviting and comfortable and lives like a single story with the primary bedroom as well as 3 secondary bedrooms all on the main level. Upstairs there is a large recreation room perfect for entertaining and also an additional bedroom and full bath for a total of 5 bedrooms, 5 full bathrooms. Enjoy the private backyard which backs to open space and features all the amentities inlcuding covered patio, outdoor kitchen, fire pit, pool and spa, and a sport court! Located in close proximity to shopping, restaurants, Folsom Lake, and zoned for the Eureka Union School District and Granite Bay High School. Priced competitively so you have plenty of room to make updates if you wish and turn this beauty into your dream home.
No exterior & parking available.
Grades PK-3 • 2.6 mi
Grades 4-6 • 2.8 mi
Grades 7-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 3.6 |
| Square foot | 5,163 | 2,937.889 |
| Lot Size | 38,098 | 23,640.778 |
| Price | $1.85M | $1.24M |
| Price per sq ft | $358 | $448 |
| Built year | 1985 | 1992 |
| HOA | $1410 | $210 |
| Days on market | 34 | 54 |
Aug 6, 2026
$1,850,000
Initial Listing
Dec 19, 2011
$415,000
Public Record
Feb 10, 2011
$830,000
Public Record
Mar 11, 2008
$1,140,000
Public Record
May 8, 2002
$875,000
Public Record