8889 Harvest Hill Way, Elk Grove, CA 95624, Elk Grove, 95624 - 4 bed, 2 bath
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Elk Grove, CA 95624
This property presents a High-Potential Investment Opportunity with a List Price of $510,000—positioned well below the $485,867 Fair Market Value by -4%. Featuring a 4-bed, 2-bath layout and a private patio, this Fair Condition Rating asset offers significant value-add potential through cosmetic updates. Its history as a care facility provides versatile zoning utility, while proximity to top-rated schools like Arthur C. Butler Elementary ensures long-term demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic entry into the Elk Grove market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8889 Harvest Hill Way Subject | $510,000* List Price | 4 | 2 | 1,490 | $326 | - |
A 8679 Spring House Way Sold | $535,000 | 3 | 2 | 1,451 | $369 | 0.2 mi |
B 8668 Little Wood Circle Sold | $625,000 | 4 | 2 | 1,762 | $355 | 0.8 mi |
C 8513 Sheldon North Drive Sold | $525,000 | 4 | 2 | 1,777 | $295 | 0.9 mi |
D 8428 Zinnia Way Sold | $521,000 | 3 | 2 | 1,457 | $358 | 1.0 mi |
E 8966 Ivanpah Court Sold | $555,000 | 4 | 2 | 1,762 | $315 | 0.9 mi |
F 8575 Black Kite Drive Active | $525,000 List Price | 4 | 2 | 1,476 | $356 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993 (33 years old), the property maintains mostly original finishes that are significantly dated, particularly in the bathrooms. While functional and marketed as a rental opportunity, the 'as-is' status and former use as a care home suggest the need for cosmetic updates and potential system overhauls to meet modern standards.
With an estimated market rent of $3,000 per month and a history as a residential care facility, this property offers versatile income-generating opportunities for savvy investors.
Marketed as the best 4-bedroom deal in Elk Grove at $510,000, this home provides a low entry price point for the area compared to similar-sized residences.
The property is conveniently located near highly-rated schools, including Arthur C. Butler Elementary and Sheldon High School, enhancing its long-term value and family appeal.
The property is being sold in as-is condition, which suggests the buyer may need to budget for immediate repairs or deferred maintenance costs.
As a former care home, the interior may feature specialized modifications or experience higher-than-average wear, potentially requiring cosmetic updates for traditional residential use.
Turnkey opportunity in one of Elk Grove's most sought-after pockets. This spacious 4-bed home delivers instant appeal whether you're planting roots or building a portfolio. With market rents near $3,000/month and a layout built for flexibility, the numbers work from day one. Minutes to top-rated Pleasant Grove High School, shopping, and major commute routes. Sold as-is priced to move fast. First-time buyers, this is your foot in the door. Investors, this is your hedge.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-6 • 4.3 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,490 | 2,012.5 | 18% |
| Lot Size | 6,050 | 6,566.5 | 37% |
| Price | $510.0K | $627.5K | 15% |
| Price per sq ft | $342 | $316 | 69% |
| Built year | 1993 | 1998 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 175 | 1% |
May 5, 2026
$510,000
Initial Listing
Aug 19, 2020
$380,000
Public Record
Sep 17, 2010
$182,000
Public Record
Dec 13, 2002
$228,000
Public Record