8486 Gurmit Court, Elk Grove, CA 95624, Elk Grove, 95624 - 5 bed, 4 bath
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Elk Grove, CA 95624
This Modern New Construction Residence is a Strong Value Opportunity, listed at $699,900—positioned well below the $729,244 Fair Market Value by 4%. This valuation gap provides $29,344 in Instant Equity for a Brand-New 2024 Build. Featuring 9ft ceilings, Samsung appliances, and an Excellent Condition Rating, the home offers significant long-term savings with no HOA and low Mello Roos. Located in the Award-Winning Elk Grove School District, it balances luxury with financial prudence. This is an ideal acquisition for growing families or Owner-Occupants seeking a turnkey sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8486 Gurmit Court Subject | $699,900* List Price | 5 | 4 | 2,779 | $262 | - |
A 8545 Dewberry Way Sold | $677,000 | 6 | 3 | 2,820 | $240 | 0.3 mi |
B 8669 Banton Circle Sold | $575,000 | 4 | 3 | 2,450 | $235 | 0.4 mi |
C 8422 Heritage Hill Drive Sold | $660,000 | 5 | 3 | 2,045 | $323 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a brand-new 2024 construction featuring modern open-concept living, high-end Samsung appliances, Moen fixtures, and 9ft ceilings. All components are new, meeting the highest current quality standards with no physical depreciation.
Built in 2024, this home features modern 9ft ceilings on both levels and high-end finishes including Samsung appliances, designer paint, and Moen fixtures.
The property offers significant long-term savings with no HOA fees and extremely low Mello Roos assessments, which is a rare advantage for new developments in Elk Grove.
Situated in the award-winning Elk Grove School District, the home is within walking distance to shopping, dining, and fitness centers, ensuring a high quality of life.
With a lot size of only 4,447 square feet for a 2,779 square foot home, the backyard and outdoor living area are relatively small.
The recent 'huge price reduction' and 'motivated seller' status, following a previous higher sale price, may indicate a high-pressure sale or fluctuating market interest.
HUGE PRICE REDUCTION FOR QUICK SALE! MOTIVATED SELLER! YEAR BUILT 2024!Enjoy this UNMATCHED floor plan, featuring 5 bedrooms with 3.5 bathrooms. Welcome to your new home in vibrant Elk Grove! NO HOA and extremely low mello roos, Heartstone by Crowne Communities instantly delivers more value from the start. Not to mention the 9ft ceilings on the bottom and top floors that add to the grandeur of it all! Prime location with superior building standards. Within walking distance to shopping, dining and exercising! Situated in the Award Winning Elk Grove School District. Upgraded interior finishes such as designer paint, stain-grade cabinetry, Samsung Appliances, wifi-enabled thermostats, Moen fixtures, and attractive glass-paneled garage doors to enhance your new home! Don't Miss Out!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 4.0 | 3.0 | 94% |
| Square foot | 2,779 | 2,011 | 86% |
| Lot Size | 4,447 | 6,675 | 6% |
| Price | $699.9K | $632.5K | 72% |
| Price per sq ft | $252 | $315 | 14% |
| Built year | 2024 | 1998 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 175 | 4% |
Mar 14, 2026
$699,900
$710,000
-1% Price Drop
Initial Listing
Mar 3, 2026
$710,000
Initial Listing
May 31, 2024
$757,000
Public Record
Nov 6, 2023
$640,000
Public Record