
Elk Grove, CA 95624
This Spacious Multi-Generational Residence is a Prime Investment Opportunity, listed at $775,000—positioned well below the $804,791 Fair Market Value by 3%. This valuation gap provides $29,791 in Instant Equity. Boasting a Good Condition Rating, the home features a Tesla solar system, newer 2019 HVAC, and a downstairs primary suite ideal for versatile living. Located two blocks from Derr-Okamoto Park within the Elk Grove Unified School District, it balances energy efficiency with a functional 3,167 sqft layout. This is an ideal acquisition for multi-generational families or move-up buyers seeking a turnkey, value-driven sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9465 Mainline Drive Subject | $775,000* List Price | 5 | 3 | 3,167 | $254 | - |
A 9431 Havenview Way Sold | $750,000 | 5 | 3 | 2,914 | $257 | 0.9 mi |
B 9416 Lyndley Plaza Way Sold | $775,000 | 5 | 3 | 3,389 | $229 | 0.9 mi |
C 9652 Pasture Rose Way Sold | $728,000 | 3 | 2 | 2,675 | $272 | 0.7 mi |
D 9518 Clarke Farms Drive Sold | $827,500 | 5 | 3 | 3,360 | $246 | 0.7 mi |
E 9523 Sauterne Way Sold | $755,000 | 5 | 4 | 3,427 | $220 | 0.5 mi |
F 9378 Brenton Court Sold | $675,000 | 5 | 3 | 2,382 | $283 | 0.8 mi |
G 9465 Mainline Drive Active | $800,000 List Price | 5 | 3 | 3,167 | $253 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 2001 (23 years old), it is well-maintained and move-in ready with significant recent updates. Key systems including the HVAC, water heater, and solar were replaced in 2019 (5 years ago), and the interior features brand new luxury vinyl flooring. Although the kitchen cabinetry and appliances are dated, the granite countertops and overall immaculate condition meet the criteria for good.
The spacious 3,167 sqft floor plan includes five bedrooms plus a downstairs office and a massive main-level primary suite, making it perfectly suited for multi-generational living or work-from-home needs.
The property features significant recent investments including a Tesla solar system, a newer 2019 HVAC unit, a newer water heater, and luxury vinyl flooring, ensuring lower utility costs and move-in readiness.
Located just two blocks from the amenity-rich Derr-Okamoto Park, the home also boasts a unique gated courtyard entry with a fountain, providing a private and serene entrance.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
While low-maintenance, the 7,000 sqft lot is largely occupied by the substantial building footprint and 3-car garage, which may leave less room for a traditional lawn or large play area.
The assigned elementary, middle, and high schools all carry a rating of 6/10, which may be a consideration for buyers specifically seeking top-tier academic districts.
Desirable Waterman Meadows in Elk Grove (95624) Location Plus! Spacious open-concept home, approx 3200 Sq Ft, featuring soaring ceilings and a large great room. Offering 5 bedrooms plus a downstairs office, ideal for multi-generational living or working from home. Massive downstairs primary suite with oversized walk-in closet. Elegant custom shutters and valances, stylish fans and light fixtures, cozy fireplace, and abundant natural light throughout. Kitchen with granite countertops and a large island opens to the huge family room, perfect for entertaining. Formal living and dining rooms add that extra luxury, upscale area in your home. Inviting gated, covered courtyard entry with a fountain creates a peaceful, Zen-like welcome. Recent upgrades include new luxury vinyl flooring and a Tesla solar system. A 3-car garage and low-maintenance backyard with fruit trees and newer fencing. Prime location just 2 blocks from Derr-Okamoto Park featuring playgrounds, sports courts, soccer field, water play area, Dog area, skate park, picnic areas, and open green space. Close to shopping and everyday conveniences, walking and biking trails are 2 blocks away. Immaculate and move-in ready! Newer 2019 HVAC, Water Heater, and Solar for energy efficiency.See it today!
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades K-6 • 5.9 mi
Grades 7-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 80% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,167 | 2,041 | 91% |
| Lot Size | 7,000 | 6,614.5 | 61% |
| Price | $775.0K | $630.0K | 85% |
| Price per sq ft | $245 | $315 | 11% |
| Built year | 2001 | 1998 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 175 | 1% |
Apr 21, 2026
$775,000
Initial Listing
Jul 25, 2001
$290,000
Public Record