
Elk Grove, CA 95624
This historic Single Family Residence represents a High-Potential Investment Opportunity, listed at $599,900—positioned well above the $509,301 Fair Market Value. While the price reflects its unique status as a designated Historic Resource, the property offers significant upside through its 0.27-acre lot and modernized infrastructure, including new electrical, plumbing, and HVAC. With a Condition Rating of 4, the interior finishes provide a canvas for value-add cosmetic updates. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a character-rich home with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9616 Walnut Avenue Subject | $549,000* List Price | 3 | 2 | 1,388 | $351 | - |
A 9030 El Oro Plaza Drive Sold | $510,000 | 3 | 2 | 1,661 | $307 | 0.3 mi |
B 9466 Ranch Park Way Sold | $460,000 | 2 | 2 | 1,351 | $340 | 0.7 mi |
C 9406 Acapulco Way Sold | $491,430 | 3 | 2 | 1,534 | $320 | 0.5 mi |
D 8913 Melodic Court Sold | $600,000 | 3 | 2 | 1,577 | $380 | 0.7 mi |
E 9528 Sara Street Sold | $565,000 | 4 | 2 | 1,803 | $313 | 0.3 mi |
F 8951 Lansdowne Court Sold | $550,000 | 4 | 3 | 1,862 | $295 | 0.7 mi |
G 9497 Sara Street Pending | $395,000 List Price | 3 | 3 | 1,358 | $291 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Although the home's major systems (HVAC, electrical, and plumbing) have been modernized, the kitchen and bathrooms are dated, with the last major remodel occurring over 30 years ago (late 80s/early 90s). The property is well-maintained and move-in ready, but the age of the interior finishes necessitates updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11848, living area = 1388.
As a designated Historic Resource in the National Register-listed Elk Grove Historic District, the home features irreplaceable architectural details like 12-foot coved ceilings and an original stained-glass address window.
Despite its 1904 origin, the property has been updated with essential modern systems including new electrical, new plumbing, and a full HVAC replacement with new ductwork.
The home's status as a protected historic resource within the Special Planning Area (SPA-OT) limits modifications to the exterior footprint and craftsmanship, which may restrict future expansion plans.
While well-maintained, the kitchen remodel dates back to the late 1980s/early 1990s, and the 1,388 square foot layout may feel restrictive for buyers seeking modern open-concept living.
Welcome to the Stevens/Polhemus Residence Old Town Elk Grove History Meets Modern Comfort Located at 9616 Walnut Ave in the Old Town Elk Grove Special Planning Area (SPA-OT), this remarkable home is officially designated Historic Resource #46 on the City of Elk Grove Register of Historic Resources and stands as a contributing property to the National Register-listed Elk Grove Historic District. Believed to have been built in the late 19th to early 20th century, as the town center grew alongside the arrival of the railroad, this residence reflects the architectural character of Elk Grove's earliest agricultural and professional-class families. The home's name honors two families tied to the area's early development: the Stevens family, linked to Sacramento's early commercial and agricultural growth, and the Polhemus family, whose legacy lives on just down the road at nearby Polhemus Drive. Step inside to soaring, approximately 12-foot coved ceilings and the original stained-glass address window above the front door a beautiful, one-of-a-kind detail original to the home. This 3-bedroom, 2-bathroom residence pairs historic charm with useful updates: the kitchen was remodeled in the late 1980s/early 1990s, and the second bathroom was added later as part of a home addition. Beneath the historic exterior, major systems have been thoughtfully modernized, including updated HVAC with all-new ductwork, new electrical, and new plumbing throughout. A small basement with sump pump offers space rarely found in a home of this era. Set on a spacious 0.27-acre lot with alley access, the property also includes two sheds for hobby, garden, or storage use. As a designated historic resource, the home's exterior footprint and craftsmanship are protected offering long-term character and curb appeal that can't be replicated. A rare opportunity to own a piece of Elk Grove's history.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,388 | 2,065.354 |
| Lot Size | 11,848 | 6,415.572 |
| Price | $549.0K | $628.7K |
| Price per sq ft | $396 | $316 |
| Built year | 1904 | 2000 |
| HOA | $0 | $172 |
| Days on market | 19 | 45 |
Aug 27, 2026
$549,000
$599,900
-8% Price Drop
Initial Listing
Aug 21, 2026
$599,900
Initial Listing
Jul 22, 2009
$219,000
Public Record
Jun 25, 2004
$320,000
Public Record