NOT LISTED FOR SALE

8588 Ria Formosa Way Elk Grove, CA 95757

South West Elk Grove Neighborhood

Estimated Value: $678,000 - $743,000

4 Beds
3 Baths
2,385 Sq Ft
$293/Sq Ft Est. Value

Last Sold August 09, 2024

Last sale price $705,000 $296 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,489/month

12 Days on Market

Highlights

  • Contemporary Architecture
  • Main Floor Bedroom
  • Great Room
  • Zehnder Ranch Elementary Rated A
  • Loft
  • Combination Kitchen and Living

About This Home

As of August 2024

Welcome to 8588 Ria Formosa Way nestled in the sought after Madeira East neighborhood of Elk Grove, where luxury & comfort harmoniously blend in this stunning single-family home. This exquisite residence boasts a spacious and open floor plan with 4 bedrooms and 3 bathrooms, perfect for modern living. Step inside to discover high-end finishes, including a gourmet kitchen with quartz countertops & stainless steel appliances, elegant flooring, & a floorplan that is ideal for entertaining. The primary suite offers a serene retreat with a spa-like bathroom and walk-in closet. Upstairs includes a loft that is perfect for movie nights & football Sunday! Outside, enjoy an oversized yard that has plenty of space for gardening, kids to play, bbqing & relax under the covered patio. Located in a highly desirable neighborhood, this home is close to top-rated schools; Miwok Village Elementary, Pinkerton Middle & Cosumnes Oaks High School, Oasis Park, Singh & Kaur Park, shopping (Costco, Nugget Market, Trader Joe's & the upcoming Whole Foods). Also near dining options, providing an exceptional lifestyle opportunity. Don't miss the chance to make this impeccable property your new home!

Last Agent to Sell the Property

Leslie Stirewalt

KW Sac Metro License #01884394 Listed on: 07/12/2024

KW Sac Metro

Last Buyer's Agent

Betty Le

Premier Realty License #01495591

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,476

Year Built

  • Built in 2016

Lot Details

  • 4,948 Sq Ft Lot
  • Wood Fence
  • Fenced For Horses
  • Zoning described as RD-4

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,385 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Great Room
  • Family Room
  • Combination Kitchen and Living
  • Loft

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Electric Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Quartz Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms
  • Secondary Bathroom Double Sinks
  • Bathtub with Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry Cabinets
  • 220 Volts In Laundry
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Natural Gas Connected
  • Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Outside Bathroom Access

Community Details

  • No Home Owners Association
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 132-2440-034-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,476

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Subtype 1: Single Family Residence
  • Remodeled Updated: No
  • Year Built: 2016
  • Architectural Style: Contemporary
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Electric Oven, Gas Cook Top, Dishwasher, Disposal
  • Flooring: Carpet, Laminate, Tile
  • Master Bathroom Features: Shower Stall(s), Double Sinks, Outside Access
  • Total Bathrooms: 3
  • Bathroom Features: Tub w/Shower Over
  • Dining Room Features: Dining Bar, Space in Kitchen
  • Kitchen Features: Pantry Closet, Quartz Counter, Island, Kitchen/Family Combo
  • Living Room Features: Great Room
  • Room Type: Great Room, Laundry
  • Main Level: Bedroom(s), Family Room, Full Bath(s), Garage, Kitchen
  • Price Per Square Foot: 295.60
  • Square Footage: 2385.00
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Stucco, Frame
  • Fencing: Fenced, Wood
  • Foundation: Slab
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 689888.00
  • Lot Features: Low Maintenance
  • New Construction: No
  • Pool: No
  • Road Surface Type: Paved
  • Roof: Tile
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking Features: Attached

Utilities

  • Security: Carbon Mon Detector, Double Strapped Water Heater, Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Public, Electric, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central, MultiZone
  • Electric: 220 Volts in Laundry
  • Heating: Central, MultiZone
  • Laundry Features: Cabinets, Hookups Only
  • Water Source: Meter on Site, Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes, Cats OK, Dogs OK
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: Elk Grove Unified

Lot Info

  • Zoning Description: RD-4
  • Irrigation: None
  • Lot Size Acres: 0.1136
  • Lot Size Sq Ft: 4948.00
  • ResoLotSizeUnits: Acres

Green Features

  • Energy Efficient: Thermostat, Windows

Rental Info

  • Lease Type: Net

Multi Family

Tax Info

  • Assessor Parcel Number: 132-2440-034-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2024
Closed on
Aug 6, 2024
Sold by
Pangilinan Robert and Pangilinan Bethalyn
Bought by
Meng Kevin and Cai Nathalie
Seller's Agent
Leslie Stirewalt
KW Sac Metro
Buyer's Agent
Betty Le
Premier Realty
List Price
$689,888
Sold Price
$705,000
Premium/Discount to List
$15,112
2.19%
Views
88
Current Estimated Value
$697,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,297
Avg. Annual Appreciation
-0.90%
Original Mortgage
$564,000
Outstanding Balance
$557,606
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$140,097

Purchase Details

Closed on
Jun 22, 2020
Sold by
Pangilinan Bethalyn and Pangilinan Robert
Bought by
Pangilinan Robert and Pangilinan Bethalyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,041
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2016
Sold by
Kb Home Sacramento Inc
Bought by
Villamor Bethalyn and Pangilinan Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,707
Interest Rate
3.75%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meng Kevin $705,000 First American Title Company
Pangilinan Robert -- Title365
Villamor Bethalyn $433,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meng Kevin $564,000
Previous Owner Pangilinan Robert $404,041
Previous Owner Villamor Bethalyn $424,707
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $705,000 +2.2% $296 / Sq Ft
07/24/2024 07/24/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $689,888 -- $289 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

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 $9,476 $705,000 $190,000 $515,000
2024 $9,476 $492,151 $91,023 $401,128
2023 $9,177 $482,502 $89,239 $393,263
2022 $8,921 $473,042 $87,490 $385,552
2021 $8,689 $463,768 $85,775 $377,993
2020 $8,527 $459,014 $84,896 $374,118
2019 $8,371 $450,015 $83,232 $366,783
2018 $8,148 $441,192 $81,600 $359,592
2017 $7,983 $432,542 $80,000 $352,542
2016 $4,566 $119,085 $119,085 $0
2015 $3,932 $117,297 $117,297 $0
Source: Public Records

Agents Affiliated with this Home

  • Leslie Stirewalt

    Seller's Agent in 2024

    Leslie Stirewalt

    KW Sac Metro

    (916) 548-8629

    46 in this area

    87 Total Sales

    Leslie Stirewalt
    Section Image

  • B

    Buyer's Agent in 2024

    Betty Le

    Premier Realty

    Section Image
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Map

Source: MetroList

MLS Number: 224077034

MetroList

APN: 132-2440-034

California Sacramento County Elk Grove 95757 South West Elk Grove

8588 Ria Formosa Way, Elk Grove, CA

This home is located at 8588 Ria Formosa Way, Elk Grove, CA 95757 since 12 July 2024 and is currently estimated at $697,703, approximately $292 per square foot. This property was built in 2016. 8588 Ria Formosa Way is a home located in Sacramento County with nearby schools including Zehnder Ranch Elementary, Elizabeth Pinkerton Middle School, and Cosumnes Oaks High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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