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8608 Festival Drive

8608 Festival Drive, Elk Grove, CA 95624
Property in Sheldon Park
Sold Feb 26, 2013
$219,000
Buyer
Seller
$160,000 by Franklin American Mortgage Co
Mortgage Due Mar 01, 2043
Sold Oct 13, 2005
$480,000
Buyer
$384,000 by First Franklin
Mortgage Due Nov 01, 2035
8608 Festival Drive in Elk Grove, CA was first built in 2005 and is 19 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a style that we are currently unable to determine. There are a total of 2 floors. There are a total of 7 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 8608 Festival Drive has 2,212 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,907 square feet.

Learn more about the property and building on this page. The roof of the home is made of tile. For those who need parking, there is a garage. The garage is 690 sqft. There are a total of 3 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 8608 Festival Drive sold most recently in Feb 22, 2013 for a total of $219,000. If you work out the math, that's approximately a cost of $99.01 per sqft. Before that, the property was also sold for $480,000 in Oct 3, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,898 in taxes each year. 8608 Festival Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $259,202. If we break it down further, the land itself was valued at $59,177. Improvements to the property, however, were assessed at a total of $200,025. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Other
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 690
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 5,907
  • Total Building Area: 2,212
  • Gross Building Area: 2,212
  • Building Area: 2,212
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,212
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHELDON PARK
  • Land Acres: 0.136
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHELDON PARK, LOT 79

Ownership

  • Current Owner : COOC ANNIE
  • Previous Owner : LE YEN
  • Owner Before Previous Owner: KING GURSHARAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Elk Grove Unified School District
  • Census Tract: 009335

Zoning

  • Zoning: RD-5

Geography

  • Parcel: 115-1830-073-0000
  • Lot: 79
  • Municipality: ELK GROVE, CITY OF
  • Latitude: 38.4451
  • Longitude: -121.396

    Address

  • Full Address: 8608 Festival Dr
  • Address - House Number: 8608
  • Address - Street Name: Festival
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Elk Grove
  • Carrier Code: R055
  • 4-Digit Zip Code: 4569
  • Zip Code: 95624

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,898
  • Tax Rate Code Area: 07-079

    Appraisal Valuation

  • Standard Deviation: 0.1659
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 79
  • Final Value: 575,398
  • High Value: 670,885
  • Low Value: 479,911

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Feb 26, 2013
  • First Open Lien Mortgage Loan Amount: $160,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2043

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $259,202
  • Assessed Land Value: $59,177
  • Assessed Improvements Value: $200,025

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 22, 2013
  • Current Sale Recording Date: Feb 26, 2013
  • Current Sale Transaction ID: 1043458881
  • Current Sale Price: $219,000
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: Oct 13, 2005
  • Previous Sale Contract Date: Oct 03, 2005
  • Previous Sale Amount: $480,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FRANKLIN AMERICAN MORTGAGE CO
  • First Mortgage Transaction Date: Feb 26, 2013
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FRANKLIN
  • Previous Mortgage Transaction Date: Oct 13, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $384,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

About Sheldon Park



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Frequently Asked Questions

What neighborhood is 8608 Festival Drive located in?
The 8608 Festival Drive is a located in the neighborhood of Sheldon Park in Sheldon Park, Elk Grove.
What is the average sales price for listings in 8608 Festival Drive?
The average sales price for units in 8608 Festival Drive is $0 currently.

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