8992 Panamint Court, Elk Grove, CA 95624, Elk Grove, 95624 - 4 bed, 2 bath
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Elk Grove, CA 95624
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $625,000—positioned well above the $558,588 Fair Market Value by -11%. While the home requires cosmetic updates, its Condition Rating of 4 and functional 4-bedroom layout provide a solid foundation for value-add improvements. Situated on a quiet cul-de-sac with no HOA fees, the property offers long-term stability. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic interior modernization in a well-established Elk Grove neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8992 Panamint Court Subject | $625,000* List Price | 4 | 2 | 1,769 | $316 | - |
A 8360 Blackman Way Sold | $540,000 | 4 | 3 | 2,136 | $253 | 0.6 mi |
B 8668 Little Wood Circle Sold | $625,000 | 4 | 2 | 1,762 | $355 | 0.4 mi |
C 8548 Iris Crest Way Sold | $620,000 | 4 | 3 | 2,097 | $296 | 0.8 mi |
D 8824 Metalmark Court Pending | $649,900 List Price | 4 | 3 | 2,079 | $313 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000 (24 years old), the home is well-maintained but dated. While the flooring has been updated to modern laminate, the kitchen and bathrooms retain original oak cabinetry, tile countertops, and older white appliances. At over 20 years old without a full renovation, it meets the criteria for needing minor cosmetic updates.
The property has no association fees, offering homeowners significant monthly savings and more freedom regarding property use compared to many newer Elk Grove subdivisions.
With 4 bedrooms and nearly 1,800 square feet of living space, the floor plan is highly desirable for growing families or those needing dedicated home office space.
Situated on a court, the home benefits from minimal through-traffic, providing a safer and more private environment for residents.
The assigned elementary, middle, and high schools all carry a rating of 6, which may be perceived as a drawback for buyers specifically seeking top-tier educational scores in the Elk Grove area.
Built in 2000, the property is approaching the 25-year mark, suggesting that major components like the roof or HVAC system may be nearing the end of their typical lifespan if not recently updated.
Exceptional opportunity in Elk Grove. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades K-6 • 3.5 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 | 1,769 | 1,957.5 | 35% |
| Lot Size | 6,377 | 6,614.5 | 43% |
| Price | $625.0K | $625.0K | 50% |
| Price per sq ft | $353 | $318 | 73% |
| Built year | 2000 | 1998 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 178 | 1% |
May 23, 2026
$625,000
Initial Listing
Aug 22, 2016
$310,000
Public Record