
Granite Bay, CA 95746
This property presents a Strong Value Opportunity with a List Price of $780,000—positioned well below the $830,924 Fair Market Value by 6%. This valuation gap offers $50,924 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home offers a solid foundation with recent HVAC and roof upgrades, perfect for Value-Add Investors or Owner-Occupants seeking to build equity through cosmetic updates. Located in a top-tier school district with 10/10 rated schools, this is a prime long-term asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8615 Sandstone Ct Subject 4 bd · 3 ba · 2,093 sqft · $358 | $780,000* List Price | 4 | 3 | 2,093 | $358 | - |
A 8260 E Granite Drive Pending 3 bd · 2 ba · 1,984 sqft · $343 · 0.4 mi | $679,900 List Price | 3 | 2 | 1,984 | $343 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts excellent system upgrades including a 2020 HVAC, newer windows, and a 10-year-old roof, the interior is significantly dated. The kitchen and laundry areas feature 30+ year old cabinetry and tile, and the living spaces require cosmetic updates (flooring, wallpaper, paint) to be considered move-in ready by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10202, living area = 2093.
Elementary School: Oakhills Elementary School (10/10). Middle School: Willma Cavitt Junior High School (10/10). High School: Granite Bay High School (10/10).
Situated in a quiet Granite Bay cul-de-sac just two minutes from Folsom Lake, the property is zoned for top-tier schools with ratings of 9 and 10, ensuring exceptional long-term value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10202, other record lot size in square feet = 10284.
The property is positioned as a 'sweat equity' opportunity, meaning buyers will need to budget time and capital for interior cosmetic updates to modernize the 1978 aesthetic.
Despite recent system upgrades, the 1978 construction may still harbor original infrastructure components that could require attention or replacement during the renovation process.
Unlock incredible potential and instant sweat equity just two minutes from Folsom Lake! Tucked away in a quiet Granite Bay cul-de-sac, this 4-bedroom, 2.5-bathroom single-story home combines solid bones, a sprawling layout, and an unbeatable location. A full HVAC replacement was completed in 2020, alongside updated dual-pane vinyl windows. Inside, the functional single-story floor plan features vaulted ceilings in the living room, a cozy family room with a gas log fireplace, inside laundry, and a spacious primary suite. Outdoors, enjoy a private, fenced backyard and an expansive 3-car garage with plenty of storage. Situated in top-rated school districts with quick access to boating, hiking trails, dining, paddleboarding, and shopping, this property is ready for your personal cosmetic finishes to transform it into your dream home.
No exterior & parking available.
Grades 4-6 • 2.9 mi
Grades PK-3 • 2.9 mi
Grades PK-3 • 3.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,093 | 2,898.967 |
| Lot Size | 10,202 | 23,883.984 |
| Price | $780.0K | $1.26M |
| Price per sq ft | $373 | $446 |
| Built year | 1978 | 1990 |
| HOA | $0 | $252 |
| Days on market | 79 | 61 |
Aug 26, 2026
$780,000
Initial Listing