8712 Elk Way, Elk Grove, CA 95624, Elk Grove, 95624 - 3 bed, 2 bath
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8712 Elk Way
Elk Grove, CA 95624
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,056Sq Ft
5,227Lot Size
Property Price
LIST PRICE$405,000
EST. MARKET VALUE
$429,835
5% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $405,000—positioned well below the $429,835 Fair Market Value by 5%. With $24,835 in Instant Equity, this home features an Excellent Condition Rating following $100,000 in recent upgrades, including a modern Granite Kitchen and updated systems. Located near top-rated schools like James A. Mckee Elementary, it offers a flexible garage den for added utility. This property is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready lifestyle.
Estimated Market Value
$429,835+$24,835 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Elk Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8712 Elk Way Subject 3 bd · 2 ba · 1,056 sqft · $407 | $405,000* List Price | 3 | 2 | 1,056 | $407 | - |
A 8732 El Toreador Way Sold 3 bd · 2 ba · 1,080 sqft · $426 · 0.4 mi | $460,000 | 3 | 2 | 1,080 | $426 | 0.4 mi |
B 8894 Sharkey Avenue Sold 3 bd · 2 ba · 1,108 sqft · $437 · 0.4 mi | $484,000 | 3 | 2 | 1,108 | $437 | 0.4 mi |
C 8783 El Toreador Way Sold 2 bd · 1 ba · 947 sqft · $438 · 0.4 mi | $415,000 | 2 | 1 | 947 | $438 | 0.4 mi |
D 8876 Elk Way Sold 3 bd · 2 ba · 1,176 sqft · $404 · 0.4 mi | $475,000 | 3 | 2 | 1,176 | $404 | 0.4 mi |
E 8605 Zircon Crest Court Sold 3 bd · 2 ba · 1,414 sqft · $366 · 0.3 mi | $517,500 | 3 | 2 | 1,414 | $366 | 0.3 mi |
F 9359 Lujan Drive Active 3 bd · 2 ba · 1,056 sqft · $436 · 0.2 mi | $460,000 List Price | 3 | 2 | 1,056 | $436 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive $100,000 renovation within the last 5 years, including full updates to electrical, plumbing, and HVAC systems. The interior features a modern kitchen with granite countertops and stainless steel appliances, new windows, and updated flooring, meeting the criteria for excellent condition due to the recent high-value improvements.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The property features over $100,000 in recent renovations, including updated electrical, plumbing, heating, windows, and flooring, ensuring a move-in-ready experience with major systems already modernized.
- Flexible Living Space
A partial garage renovation provides a climate-controlled den or potential fourth bedroom, offering versatile space for a home office or growing family that is rare for this square footage.
- Prime Location for Families
Situated in a desirable neighborhood within walking distance to James A. Mckee Elementary and close to middle and high schools, the home offers significant appeal for families prioritizing education and convenience.
CONSRISKS & DEFICIENCIES
- Compromised Parking Utility
The partial garage conversion limits covered parking to a single vehicle, which may be a deterrent for multi-car households unless the buyer chooses to invest in restoring the original two-car configuration.
- Market Stagnation
With 49 days on market and four consecutive price reductions from the original $449,950, the property may face challenges with buyer perception regarding its value relative to the current market.
About 8712 Elk Way
Gorgeous, updated home waiting for new family! Move-in ready! Near schools in a desirable neighborhood. Garage partial renovation for den or 4th bedroom, A/C and heat in the finished garage that has been in the property for over 30 years; electrical was updated during house renovation of walls, windows, floors, electrical, plumbing and heating - all within the last 5 years, $100,000 in renovations. The garage can house a single car or room wall removed to restore 2-car garage. Clear termite report available.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Elk Grove Unified Schools
James A. Mckee Elementary School
Grades K-6 • 0.2 mi
6/10
Marion Mix Elementary
Grades K-6 • 3.8 mi
6/10
Joseph Kerr Middle School
Grades 7-8 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,056 | 2,014.161 |
| Lot Size | 5,227 | 6,412.454 |
| Price | $405.0K | $631.5K |
| Price per sq ft | $384 | $320 |
| Built year | 1972 | 2000 |
| HOA | $0 | $164 |
| Days on market | 50 | 47 |
Pricing History
Listed for Sale
Oct 23, 2026
$405,000
$419,000
-3% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$419,000
$429,000
-2% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$429,000
$449,950
-5% Price Drop
Initial Listing
Price Change
Sep 4, 2026
$449,950
Initial Listing
Sold
Feb 14, 1997
$91,000
Public Record