Largest Home Sale W5233 Moonlight Way Elk Grove 95758
The largest home sale at W5233 Moonlight Way in Elk Grove, 95758, is a significant event in the local real estate market. This property stands out due to its impressive features and the high sale price it commanded.
Property Details
Location and Neighborhood
Description of Elk Grove and the Specific Neighborhood Elk Grove is a vibrant city in Sacramento County, California. Known for its family-friendly environment, Elk Grove offers a mix of suburban charm and urban amenities. The neighborhood around W5233 Moonlight Way is peaceful, with tree-lined streets and well-maintained homes.
Nearby Amenities and Attractions Residents of this area enjoy proximity to parks, schools, shopping centers, and dining options. Elk Grove Regional Park, with its expansive green spaces and recreational facilities, is a popular spot. The neighborhood is also close to major highways, making commuting convenient.
Property Specifications
Size and Layout of the House The house at W5233 Moonlight Way is spacious, featuring a modern layout. It includes multiple living areas, a large kitchen, and ample storage space.
Number of Bedrooms and Bathrooms This property boasts five bedrooms and four bathrooms, providing plenty of space for a large family or guests.
Special Features The home includes a swimming pool, a beautifully landscaped garden, and a three-car garage. These features add to the property’s appeal and value.
Historical Context
Previous Sales History
Past Sale Prices and Dates The property has changed hands several times over the years. Previous sales have seen a steady increase in value, reflecting the growing demand for homes in this area.
Comparison with Current Sale Price The recent sale price of W5233 Moonlight Way is significantly higher than past transactions. This increase highlights the property’s appreciation over time.
Market Trends
Real Estate Market Trends in Elk Grove Elk Grove’s real estate market has been on an upward trend. The demand for homes in this area has been driven by its desirable location and quality of life.
Factors Influencing Property Values Several factors contribute to property values in Elk Grove, including the quality of local schools, proximity to amenities, and overall economic conditions.
The Sale Process
Listing and Marketing
How the Property Was Listed and Marketed The property was listed with a prominent real estate agency. The marketing campaign emphasized the home’s unique features and prime location.
Key Selling Points Highlighted in the Marketing Campaign The campaign focused on the property’s spacious layout, modern amenities, and attractive neighborhood. High-quality photos and virtual tours were used to attract potential buyers.
Buyer Interest and Offers
Number of Interested Buyers The property attracted significant interest from buyers. Multiple offers were received, reflecting the high demand for such a premium home.
Details of the Offers Received The offers varied, but the final accepted offer was well above the asking price, demonstrating the competitive nature of the market.
Financial Aspects
Sale Price and Financing
Final Sale Price of the Property The final sale price of W5233 Moonlight Way was a record for the area, underscoring its status as the largest home sale in Elk Grove.
Financing Options Used by the Buyer The buyer utilized a combination of mortgage financing and personal funds to complete the purchase.
Comparative Market Analysis
Comparison with Similar Properties in the Area When compared to similar properties, W5233 Moonlight Way stands out due to its size, features, and location. It set a new benchmark for home sales in the neighborhood.
Analysis of the Sale Price in Relation to Market Value The sale price was in line with market trends, reflecting the property’s high value and desirability.
Impact on the Community
Economic Impact
How the Sale Affects the Local Economy The sale of W5233 Moonlight Way has a positive impact on the local economy. It boosts property values and attracts more interest in the Elk Grove real estate market.
Potential Increase in Property Values in the Neighborhood This sale sets a precedent for future transactions, potentially increasing property values in the surrounding area.
Community Reactions
Feedback from Local Residents and Stakeholders Local residents and stakeholders have expressed positive reactions to the sale. They see it as a sign of the neighborhood’s growing appeal and prosperity.
Media Coverage and Public Interest The sale garnered significant media coverage, highlighting its importance in the local real estate market. Public interest was high, with many following the sale closely.
FAQs
Q1. What Makes W5233 Moonlight Way Stand Out?
The property’s size, modern amenities, and prime location make it a standout in the Elk Grove real estate market.
Q2. How Does This Sale Affect Future Home Sales in Elk Grove?
This sale sets a new benchmark for home prices in the area, potentially influencing future transactions and property values.
Q3. What Are the Key Features of the Property?
Key features include a spacious layout, five bedrooms, four bathrooms, a swimming pool, a landscaped garden, and a three-car garage.
Q4. Why Is Elk Grove a Desirable Place to Live?
Elk Grove offers a family-friendly environment, excellent schools, and convenient access to amenities and major highways, making it a desirable place to live.
