9692 Melrose Avenue, Elk Grove, CA 95624, Elk Grove, 95624 - 3 bed, 2 bath
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Elk Grove, CA 95624
This Semi-Custom Resort-Style Residence is a High-Potential Investment Opportunity, listed at $749,000—positioned well below the $866,096 Fair Market Value by 13%. This valuation gap secures $117,096 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the 3,082 square foot interior features a Gourmet Granite Kitchen, media room, and unique catwalk architecture. The expansive quarter-acre lot includes a 50,000-gallon pool, sun deck, and ADU potential. Located within walking distance of Elk Grove High School and Joseph Kerr Middle, this is an ideal match for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9692 Melrose Avenue Subject | $750,000 | 3 | 2 | 3,082 | $281 | - |
A 8840 Minnie Circle Active | $729,950 List Price | 4 | 2 | 2,519 | $290 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a gourmet kitchen with granite countertops, white cabinetry, and stainless steel appliances. Significant capital improvements include a new roof and HVAC system installed approximately 5 years ago. While the 1980s semi-custom architecture is unique, the interior has been updated with modern tile and laminate flooring, and the overall condition shows minimal wear and tear.
The property features an expansive 50,000-gallon pool with a diving board, a third-floor sun deck, and multiple balconies, offering a unique resort-like living experience on a large quarter-acre lot.
With over 3,000 square feet of semi-custom interior, the home includes a gourmet chef's kitchen with a granite island, a dedicated media room, and a unique architectural catwalk.
The home provides peace of mind with significant high-ticket upgrades, including a new roof and a central heating and air conditioning system installed just five years ago.
Despite the large 3,000+ square foot footprint, the home only offers 3 bedrooms and 2 bathrooms, which may be insufficient for larger families or buyers seeking more guest accommodations.
The unique 1980s multi-level layout and semi-custom design elements may require specific buyer tastes or further modernization to meet contemporary standards for flow and utility.
RUN, DON'T WALK!! HUGE PRICE REDUCTION FOR THIS BEAUTY! WELCOME HOME TO THIS SEMI-CUSTOM ELK GROVE RESORT! OVER 3000 SQFT, 3 BD, 2 BA, 1/4 ACRE ON CUL-DE-SAC. UPGRADED INTERIOR, GORMET CHEF KITCHEN WITH LARGE GRANITE ISLAND, BUILT IN'S, UNIQUE CAT WALK THROUGH SECOND STORY, BEAUTIFUL 50K GAL POOL WITH DIVING BOARD. OUTSIDE POOL STORAGE SHED-POSSIBLE ADU? 2+ STORIES, MULTIPLE BACONY'S, MEDIA ROOM, SPACE TO ROAM/GROW. 3RD FLOOR SUN DECK!! HUGE MASTER SUITE! NEW ROOF AND CENTRAL HEAT/AIR 5 YEARS AGO! COME EXPERIENCE RESORT LIVING EVERYDAY! DON'T MISS THIS RARE OPPORTUNITY! CLOSE TO SCHOOLS, SHOPPING, TRANSPORTATION! MOTIVATED SELLERS! THE SQFT FOR THIS HOME AND PRICE IS LIKE NO OTHER! COME SEE FOR YOURSELF!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 4.4 mi
Grades 7-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 40% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 3,082 | 2,006.5 | 91% |
| Lot Size | 11,339 | 6,687.5 | 89% |
| Price | $750.0K | $631.2K | 80% |
| Price per sq ft | $243 | $316 | 10% |
| Built year | 1980 | 1998 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 166 | 174 | 46% |
Nov 7, 2025
$749,000
Initial Listing
Oct 10, 2017
$529,000
Public Record
Sep 26, 2012
$410,000
Public Record
Aug 26, 2008
$400,000
Public Record