
Elk Grove, CA 95624
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $563,900 Fair Market Value by 2%. This valuation gap offers $13,900 in Instant Equity. Featuring a Condition Rating of 4, the home requires exterior landscaping and pool restoration, yet offers a functional 4-bedroom layout on a large 7,257 sqft lot. Located near top-rated Elk Grove schools, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through cosmetic improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8709 Los Encantos Circle Subject | $550,000* List Price | 4 | 2 | 1,679 | $336 | - |
A 8704 Montiflora Court Sold | $554,800 | 4 | 2 | 1,601 | $347 | 0.0 mi |
B 9924 Meadow Oak Circle Sold | $520,000 | 3 | 2 | 1,403 | $371 | 0.9 mi |
C 8913 Melodic Court Sold | $600,000 | 3 | 2 | 1,577 | $380 | 0.5 mi |
D 9013 Meadowsweet Way Sold | $574,950 | 4 | 2 | 1,744 | $330 | 0.7 mi |
E 8976 Richborough Way Sold | $605,000 | 4 | 2 | 1,774 | $341 | 0.9 mi |
F 9033 Park Meadows Drive Sold | $450,000 | 3 | 2 | 1,182 | $381 | 0.9 mi |
G 9723 Parktree Way Pending | $450,000 List Price | 3 | 2 | 1,629 | $276 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980 (44 years old) with partial interior renovations including updated butcher block countertops, stainless appliances, and laminate flooring. However, the property exhibits significant deferred maintenance on the exterior, specifically a completely unlandscaped front yard and a pool with severe algae growth, indicating potential neglect of pool filtration systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7257, living area = 1679.
The property is exceptionally well-located for families, situated within walking distance (less than one mile) of elementary, middle, and high schools.
Featuring four bedrooms and a generous 7,257 square foot lot, the home offers a functional footprint and ample outdoor space for recreation or expansion.
The listing explicitly suggests customizing the curb appeal, indicating that the exterior and landscaping likely require immediate cosmetic or structural investment.
Built in 1980, the home may necessitate updates to its interior finishes and major systems to meet the expectations of modern buyers and improve energy efficiency.
Welcome to the neighborhood! This spacious single family home with refreshed interior. Kitchen updated with butcher block countertop. The property has recessed lighting throughout, complemented by vinyl flooring, new baseboards and fresh texture on the walls and ceilings. The master bathroom provides free standing soaking tub for relaxation and a separate walk-in tile shower.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 4.2 mi
Grades 7-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,679 | 2,065.354 |
| Lot Size | 7,257 | 6,415.572 |
| Price | $550.0K | $628.7K |
| Price per sq ft | $328 | $316 |
| Built year | 1980 | 2000 |
| HOA | $0 | $172 |
| Days on market | 19 | 45 |
Aug 21, 2026
$550,000
Initial Listing
Dec 28, 2006
$350,000
Public Record
Sep 19, 2000
$170,000
Public Record