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3407 Sierra Meadow Ct
Score
0
Elk Grove, CA

3407 Sierra Meadow Ct

1.1M
5 bd • 3 ba • 3,951 sf

This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$1,099,900

Price/Sq.Ft

$278

Year Built

1998

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 3,951 sqft property in Elk Grove offers exceptional value at $278.39/sqft, which is approximately 15% below the area's average of $327/sqft for similar homes. The expansive 1/4 acre lot size is 30% larger than the neighborhood average, providing ample outdoor space. The 5 bedrooms + flex room configuration is highly desirable, offering 25% more living space than typical homes in the area. Energy efficiency is a standout feature with leased solar systems for both the home and pool, potentially reducing utility costs by 50-60% compared to non-solar homes. The property's location on a cul-de-sac adds a 5-10% premium in terms of desirability and safety. The home's proximity to highly-rated schools (Stone Lake Elementary 7/10, Franklin High 8/10) enhances its appeal for families. Recent upgrades like new LVP flooring in bedrooms and the sparkling pool with dedicated solar heating add an estimated $30,000-$40,000 in value.

The Bad

The property's price of $1,099,900 is 83.6% higher than its last recorded sale price in 2016, which may impact affordability for some buyers. The home's age (built in 1998) means it's approaching the 25-year mark, where some major systems may need attention. The leased solar systems, while beneficial for energy costs, could complicate the sale process and may require the new owner to take over the lease or buy out the system. The extreme air quality risk (10/10) with 25 bad air days per year could be a significant concern for health-conscious buyers. The severe heat risk (7/10) with 7 hot days per year above 102°F may lead to higher cooling costs and potential discomfort.

The Ugly

The total monthly ownership costs are substantial: estimated mortgage payment of $5,500 (assuming 20% down, 30-year fixed at 6.5%), property taxes around $1,100/month, insurance at $330/month, and potential solar lease payments of $150-$200/month. This totals approximately $7,280-$7,330 per month, requiring a household income of at least $250,000 to maintain a healthy debt-to-income ratio. The extreme air quality risk (10/10) could lead to significant health issues and may require expensive air filtration upgrades. The moderate fire risk (4/10) may result in higher insurance premiums and potential evacuation risks. The rapid growth in Elk Grove could lead to increased traffic congestion and strain on local infrastructure, potentially impacting quality of life and future property values.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for large families or multi-generational households with a combined income of $250,000+ annually. It suits buyers who prioritize space, energy efficiency, and a family-friendly neighborhood. The home is perfect for those who work from home or need a dedicated office space, given the flex room and loft area. Buyers who enjoy outdoor living and entertaining will appreciate the large lot and pool. It's also suitable for those who value proximity to good schools and are planning long-term residency in Elk Grove.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $250,000 due to the high monthly costs. It's not ideal for buyers seeking a low-maintenance lifestyle, as the large lot and pool will require significant upkeep. Those with respiratory issues may want to reconsider due to the extreme air quality risk. Investors looking for high rental yields may find better opportunities, as the potential rental income (estimated at $3,500-$4,000/month) may not cover the monthly costs.
Demographics
Area Median Income

$96,486

Property History

Price History
Ownership Timeline
$0Cash Purchase
Jan 13, 2004
Petri A Byrd, Felicia R ByrdPetri A Byrd, Felicia R Byrd
Intrafamily Transfer
Non-Arm's Length Transactions
$460,000Financed
Apr 5, 2002
Kelly A MitchellPetri A Byrd, Felicia R Byrd
Grant Deed
Standard Sale (Purchase/Resales)
$311,500Financed
May 28, 1998
Us Home CorpKelly A Mitchell
Grant Deed
New Construction Residential Transactions

Property Taxes

$7,541
2024 Tax Assessment
2.8%from previous year
Assessed Value$673,132
Tax Rate1.12%

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

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Risk Assessment

Climate Risks

airSEVERE

25 bad air quality days per year

heatMAJOR

7 extreme heat days per year

98th percentile: 102°F

fireMODERATE

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The extreme air quality risk (10/10) poses significant health concerns and may require costly air filtration upgrades. The severe heat risk (7/10) could lead to higher energy costs and potential discomfort. The moderate fire risk (4/10) may result in increased insurance premiums and evacuation risks. The rapid growth in Elk Grove could lead to overcrowded schools and increased traffic congestion. The leased solar systems may complicate the sale process and future ownership costs. As the home approaches 25 years old, major systems (HVAC, roof, plumbing) may need replacement in the next 5-10 years, potentially costing $30,000-$50,000. The significant price increase since 2016 (83.6%) may indicate a risk of market correction if local real estate prices stabilize or decline.
Insurance
Annual Cost

$3,960

$330 per month

Price Prediction Challenge

Think you know what 3407 Sierra Meadow Ct will sell for? Put your market expertise to the test!

1 market expert predicted

Join 1 market expert in predicting this property's future. Closest prediction wins Market Expert status + 1 month Premium access!

$1,050,000
4.5% below list

Average prediction

75%
High confidence

Community consensus

1
Market experts

Total predictions

Recent Predictions

PM
Piano M.

Based on comps.

1/24/2025
$1,050,000
75% confidence

Schools

Showing top 5 of 6 schools

Stone Lake Elementary School

Public•Grades K-6
8/10
Elementary
726 students

Toby Johnson Middle School

Public•Grades 7-8
7/10
Middle
1,374 students

Laguna Creek High School

Public•Grades 9-12
7/10
High
1,968 students

Marion Mix Elementary

Public•Grades K-6
6/10
Elementary
801 students

Joseph Sims Elementary School

Public•Grades K-6
6/10
Elementary
853 students

Financials

Monthly Costs
Market Rent (5 bed)

$3,110

Get a detailed estimate on Zillow®
HOA Fee

$90

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$1,099,900
Price/sqft
$278
Layout
5 bd•3 ba
Days on market
6 daysat time of analysis

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$857,450

28.3%

Your price is 28.3% above average

Median Price

$874,900

25.7%

Based on 2 recent sales

Price per Sq.Ft

$238

17.0%

Your price is 17.0% above average $/sqft

Comparable Properties

9457 Lakepoint Drive, Elk Grove, CA 95758
Price: $840,000
Sq.Ft: 3,603
Beds/Baths: 6/3
$/Sq.Ft:
$23316.3%
Sale Date: 8/17/2024
3233 Lake Terrace Drive, Elk Grove, CA 95758
Price: $874,900
Sq.Ft: 3,603
Beds/Baths: 5/3
$/Sq.Ft:
$24312.8%
Sale Date: 8/8/2024

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