
Elk Grove, CA 95624
This property presents a High-Potential Investment Opportunity with a List Price of $499,500—positioned well below the $514,954 Fair Market Value by 3%. This valuation gap offers $15,454 in Instant Equity for buyers. Featuring a 3-car garage and a Fair Condition Rating, the home requires cosmetic updates, including new flooring. Located near Arthur C. Butler Elementary and Sheldon High School, this is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build value through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9222 Crosscourt Way Subject 3 bd · 2 ba · 1,555 sqft · $331 | $499,500* List Price | 3 | 2 | 1,555 | $331 | - |
A 9196 Morgan Point Court Sold 3 bd · 2 ba · 1,457 sqft · $329 · 0.1 mi | $480,000 | 3 | 2 | 1,457 | $329 | 0.1 mi |
B 9191 Morgan Point Court Sold 3 bd · 2 ba · 1,457 sqft · $358 · 0.2 mi | $521,000 | 3 | 2 | 1,457 | $358 | 0.2 mi |
C 8415 Merry Hill Way Sold 4 bd · 2 ba · 1,789 sqft · $319 · 0.6 mi | $570,000 | 4 | 2 | 1,789 | $319 | 0.6 mi |
D 8889 Harvest Hill Way Sold 4 bd · 2 ba · 1,490 sqft · $347 · 0.9 mi | $517,000 | 4 | 2 | 1,490 | $347 | 0.9 mi |
E 8499 Banyon Tree Ct Pending 4 bd · 2 ba · 1,521 sqft · $345 · 0.3 mi | $525,000 List Price | 4 | 2 | 1,521 | $345 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998 (26 years old), the property is dated and falls into the 'Fair' category. The listing explicitly mentions the need for new carpeting and 'personal touches.' Additionally, the presence of a window AC unit in a home of this age suggests the central HVAC system may be failing or insufficient, and the interior requires cosmetic updates to meet modern standards.
The property is ideally situated within walking distance of Arthur C. Butler Elementary and less than a mile from major shopping, dining, and Highway 99, offering exceptional convenience for families and commuters.
A rare three-car garage provides significant added value, offering plenty of space for multiple vehicles, a home workshop, or extensive additional storage.
Priced competitively under $500,000 with no HOA fees, this home represents a strong entry-level opportunity in the Elk Grove market compared to similar local listings.
The interior requires immediate updates, including new carpeting and aesthetic 'personal touches,' which will necessitate an additional post-purchase budget from the buyer.
The presence of significant clutter and ongoing removal of personal property may hinder the showing experience and make it difficult for buyers to visualize the home's full potential.
Great opportunity! Wonderful 3 bedroom 2 bath home with large 3 car garage. Terrific location, less than a mile to shopping, restaurants, banking, etc.. Only 2 blocks from Brown Elementary and about 2 miles from Highway 99. Please excuse the clutter as we are still clearing out all personal property from the house. Master bedroom/bathroom has walk in closet, separate tub and shower, dual sinks. Hall bath has custom walk in tub with shower. Home will need some personal touches such as new carpeting. This is the best deal in the area!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 5.2 mi
Grades 7-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,555 | 2,014.161 |
| Lot Size | 6,647 | 6,412.454 |
| Price | $499.5K | $631.5K |
| Price per sq ft | $321 | $320 |
| Built year | 1998 | 2000 |
| HOA | $0 | $164 |
| Days on market | 13 | 47 |
Oct 11, 2026
$499,500
Initial Listing
May 16, 2017
$322,000
Public Record
Apr 28, 2003
$258,000
Public Record