8896 Kelsey Drive, Elk Grove, CA 95624, Elk Grove, 95624 - 4 bed, 2 bath
8896 Kelsey Drive
Elk Grove, CA 95624
Property Price
SUMMARY
Analysis of 8896 Kelsey Drive, Elk Grove, CA 95624 reveals a Fairly Priced Property with a current list price of $499,000 aligned with the estimated $499,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Elk Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8896 Kelsey Drive Subject | $499,000* List Price | 4 | 2 | 1,785 | $280 | - |
A 9023 El Carrilo Court Sold | $533,000 | 4 | 2 | 1,855 | $287 | 0.8 mi |
B 8930 2nd Avenue Sold | $587,000 | 3 | 2 | 1,663 | $353 | 0.2 mi |
C Grimsby Court Sold | $640,000 List Price | 4 | 3 | 1,862 | 0.6 mi | |
D 9670 La Nuez Drive Sold | $541,500 | 3 | 2 | 1,632 | $332 | 0.7 mi |
E 9023 El Carrilo Court Active | $574,950 List Price | 4 | 2 | 1,855 | $310 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1956, this property shows its age. The kitchen features outdated laminate countertops, older white appliances, traditional wood cabinets, and dated tile flooring and light fixtures, suggesting renovations were done approximately 15-30 years ago. While the hardwood floors in the living areas are a positive, the exposed beam ceilings, ceiling fans, and brick fireplace also reflect an older style. The exterior appears maintained but is not modern. The property is functional and maintained but requires significant cosmetic updates, particularly in the kitchen and likely bathrooms (not pictured), to meet current market expectations and styles.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7667, living area = 1785.
- Exceptional Walkability & Amenities
The property boasts a highly convenient location with shops, restaurants, a library, schools, and a park all within walking distance, enhancing lifestyle appeal.
- Extensive Parking & Storage Capacity
Features ample parking with space for four cars in the front yard, dedicated truck/RV parking inside fences, and a large garage, catering to diverse vehicle and storage needs.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for Updates
Built in 1956, the property may require significant investment in updating older systems (e.g., plumbing, electrical, HVAC) and finishes to meet modern standards.
- Rapid Price Increase Since Last Sale
Listed at $499,000, a substantial increase from its last sale price of $415,000 in February 2024, which may raise questions about recent improvements or market justification for potential buyers.
- Inconsistent Listing Data
The 'on_market_date' of 2025-03-22 for an active listing presents a data inconsistency that could confuse prospective buyers or agents.
About 8896 Kelsey Drive
Large corner two-stories single family home in nice neighborhood with large lot. Four cars parking space at the front yard. Truck / RV parking space inside fences. Large Garage. Very convenient location with shops / restaurants / library / schools / park all in walking distance.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 7,667 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 0.4 mi
Marion Mix Elementary
Grades K-6 • 4.3 mi
Joseph Kerr Middle School
Grades 7-8 • 0.4 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,785 | 1,993 | 36% |
| Lot Size | 7,667 | 6,675 | 68% |
| Price | $499.0K | $625.0K | 13% |
| Price per sq ft | $280 | $314 | 25% |
| Built year | 1956 | 1997 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 350 | 170 | 98% |
Pricing History
Listed for Sale
Mar 22, 2025
$499,000
Initial Listing
Sold
Feb 22, 2024
$415,000
Public Record