9723 Parktree Way, Elk Grove, CA 95624, Elk Grove, 95624 - 3 bed, 2 bath
9723 Parktree Way
Elk Grove, CA 95624
Property Price
SUMMARY
Analysis of 9723 Parktree Way, Elk Grove, CA 95624 reveals a Prime Investment Opportunity with a current list price of $450,000—significantly undercutting the $487,316 Fair Market Value by 7%. This valuation gap indicates a +$37,316 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Elk Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9723 Parktree Way Subject | $450,000* List Price | 3 | 2 | 1,629 | $299 | - |
A 9509 Sara Street Sold | $523,000 | 3 | 2 | 1,573 | $332 | 0.8 mi |
B 9113 Buckskin Court Sold | $575,000 | 3 | 2 | 1,704 | $337 | 0.9 mi |
C 9968 Falcon Meadow Drive Sold | $540,000 | 3 | 2 | 1,675 | $322 | 0.6 mi |
D 9430 2nd Avenue Sold | $535,000 | 3 | 2 | 1,660 | $322 | 0.8 mi |
E 9670 La Nuez Drive Sold | $541,500 | 3 | 2 | 1,632 | $332 | 0.4 mi |
F 9706 Parktree Way Pending | $540,000 List Price | 4 | 3 | 1,742 | $310 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1966 home is classified as 'Good' because it is move-in ready with significant recent upgrades. Key improvements include $20,000 in new dual-paned windows, fresh interior paint, and new carpeting in the bedrooms. The living areas feature durable Pergo flooring and a modern stone fireplace. While the kitchen and bathrooms retain a more traditional layout, the inclusion of a newer dishwasher and well-maintained cabinetry indicates the property has been updated beyond its original 1960s state without requiring immediate renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7275, living area = 1629.
- Move-In Ready Upgrades
The home features significant recent improvements including $20,000 in dual-paned windows, fresh interior paint, and new carpeting, ensuring immediate comfort and energy efficiency for the new owner.
- Corner Lot & RV Potential
Situated on a spacious corner lot, the property offers enhanced privacy and includes a gated entrance with a sidewalk ramp, providing excellent potential for RV or boat parking.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1966, the home may have aging underlying systems such as plumbing or electrical that could require future maintenance despite the recent cosmetic updates.
- High-Traffic Location
Being located directly adjacent to a high school and on a corner lot, the property is likely to experience increased noise and vehicle congestion during school commute hours.
About 9723 Parktree Way
HURRY! Don't miss this updated single-story home in a well-established Elk Grove neighborhood. Situated on a desirable corner lot, this move-in-ready home offers 1,629 sq. ft. of comfortable living space with 3 bedrooms and 2 full baths. The bright, open interior features fresh paint throughout and a spacious great room with rich Pergo flooring and a stunning floor-to-ceiling stone fireplace. Comfort is prioritized with new carpet in the hallway and bedrooms, while dual-paned windows add a $20,000 upgrade to enhance energy efficiency and year-round comfort. The kitchen features generous counter space, ample cabinetry, and a newer dishwasher, flowing seamlessly into the dining and living areas for effortless entertaining. Outside, the large backyard is perfect for gardening or relaxing under established trees. The corner lot provides added privacy and excellent curb appeal. There is potential RV access/parking in the backyard with a gated entrance and sidewalk ramp on the side of the house, too! Wow! The home is ideally located near award-winning Elk Grove Unified schools, Elk Grove Park, shopping, dining, and freeway access. This is a fantastic opportunity to own a beautiful home in one of the area's most convenient locations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1966
- Lot Size
- 7,275 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Elk Grove Unified Schools
Florence Markofer Elementary School
Grades K-6 • 0.1 mi
Marion Mix Elementary
Grades K-6 • 4.6 mi
Joseph Kerr Middle School
Grades 7-8 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,629 | 1,993 | 26% |
| Lot Size | 7,275 | 6,675 | 61% |
| Price | $450.0K | $625.0K | 11% |
| Price per sq ft | $276 | $314 | 24% |
| Built year | 1966 | 1997 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 168 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$450,000
Initial Listing
Sold
Dec 29, 2000
$157,500
Public Record