7400 Shasta Ave Elk Grove, CA 95758
North Laguna NeighborhoodEstimated payment $44,191/month
Highlights
- 5.98 Acre Lot
- Corner Lot
- No HOA
- Edward Harris Jr. Middle School Rated A-
About This Lot
5.98-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 APN - selling together or separate 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 5.98 acre $7,440,000.00; APN/Parcel ID 117-0202-042
Listing Agent
Amardeep Singh
Statewide Realty & Mortgage License #01357217 Listed on: 05/22/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $50,199
Lot Details
- 5.98 Acre Lot
- Corner Lot
- Building or Site Plan Approved
- Site Plan Filed
- Possible uses of the property include Residential, Single Family
- Subdivision Possible
- Property is zoned permit for 216 apartments, Commercial,Residential,Single-Family,Multi-Residential
Community Details
- No Home Owners Association
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 117-0202-042-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $50,199 | $4,828,496 | $4,828,496 | -- |
| 2024 | $50,199 | $4,733,820 | $4,733,820 | -- |
| 2023 | $48,879 | $4,641,000 | $4,641,000 | $0 |
| 2022 | $48,006 | $4,550,000 | $4,550,000 | $0 |
| 2021 | $19,403 | $1,818,648 | $1,818,648 | $0 |
| 2020 | $19,129 | $1,800,000 | $1,800,000 | $0 |
| 2019 | $12,070 | $1,126,706 | $1,126,706 | $0 |
| 2018 | $13,251 | $1,104,614 | $1,104,614 | $0 |
| 2017 | $11,545 | $1,082,955 | $1,082,955 | $0 |
| 2016 | $12,819 | $785,000 | $785,000 | $0 |
| 2015 | $9,572 | $785,000 | $785,000 | $0 |
| 2014 | $8,865 | $785,000 | $785,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/29/2025 01/29/25 | Price Changed | $7,400,000 | 0.0% | -- |
| 01/29/2025 01/29/25 | For Sale | $7,400,000 | +37.0% | -- |
| 11/02/2024 11/02/24 | Off Market | $5,400,000 | -- | -- |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- |
| 05/22/2024 05/22/24 | For Sale | $5,400,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $6,700,000 | Fidelity National Title Co | |
| Grant Deed | $6,700,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co | |
| Trustee Deed | $4,200,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,500,000 | Seller Take Back | |
| Closed | $1,500,000 | Seller Take Back | |
| Previous Owner | $3,700,000 | Unknown | |
| Previous Owner | $0 | Unknown | |
| Previous Owner | $2,750,000 | Unknown |
Source: MetroList
MLS Number: 224055000
APN: 117-0202-042
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