8797 Valley Oak Lane, Elk Grove, CA 95624, Elk Grove, 95624 - 3 bed, 3 bath
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Elk Grove, CA 95624
This Unique Half-Plex presents a Strong Value Opportunity, listed at $489,900—positioned well below the $518,434 Fair Market Value by 5%. This valuation gap offers $28,534 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a rare Downstairs Bedroom Suite and a private, detached-style layout. With recent updates including Fresh Paint and New Carpet, it is a move-in ready choice for Owner-Occupants or first-time buyers seeking a flexible, multi-generational living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8797 Valley Oak Lane Subject | $484,900* List Price | 3 | 3 | 1,834 | $282 | - |
A 8819 Sharkey Avenue Sold | $418,000 | 2 | 2 | 1,322 | $316 | 0.9 mi |
B 8804 On Court Active | $479,999 List Price | 3 | 2 | 1,403 | $342 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property shows a mix of conditions: while it features 2026 updates like fresh paint, new carpet, and one renovated granite bathroom, the kitchen remains dated with original oak cabinetry, tile countertops, and fluorescent lighting. The 40+ year age and original kitchen elements require further modernization to reach a higher rating.
The home features three full bedroom suites, including a rare downstairs suite, providing exceptional privacy and flexibility for guests or multi-generational living arrangements.
Despite being a half-plex, the property is designed with no shared living-area walls and is only attached at the garage, offering the quiet and feel of a detached single-family home.
With fresh interior paint, new carpeting, and a Section 1 pest clearance, the property is move-in ready and well-positioned for FHA, VA, and down-payment assistance loan programs.
As a half-plex, the property may have a smaller pool of interested buyers compared to traditional detached homes, potentially impacting long-term appreciation rates.
Having spent 49 days on the market with a recent price adjustment, the listing may face perception issues regarding its value relative to newer or fully detached inventory in the area.
Located in the heart of Elk Grove's original 95624 zip code. The home features three bedroom suites, each with its own full bathroom, including a rare downstairs suite ideal for guests, extended family, or multi-generational living. Fresh interior paint throughout and new carpet on the entire second floor, installed in February 2026, add to the home's appeal. Upstairs offers two private bedroom suites, including an exceptionally spacious primary suite with dual walk-in closets and a beautifully updated en-suite bath featuring a stone-and-granite shower enclosure, dual shower heads, and a skylight that fills the space with natural light. This home is within walking distance of Elk Grove High School and Historic Elk Grove Regional Park. Pest report included, along with a Section 1 clearance to meet property condition guidelines for many buyers using VA, FHA, and down payment assistance loan programs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,834 | - |
| Lot Size | 4,343 | - |
| Price | $484.9K | $632.1K |
| Price per sq ft | $264 | $316 |
| Built year | 1984 | 0 |
| HOA | $0 | $0 |
| Days on market | 83 | 42 |
Jun 27, 2026
$484,900
$489,900
-1% Price Drop
Initial Listing
May 1, 2026
$489,900
Initial Listing
Feb 10, 2009
$179,000
Public Record
May 4, 2006
$371,000
Public Record
Apr 10, 2001
$169,000
Public Record