On 2 May 2011
in
anyone familiar with Rancho Cordova RE market?,
Kevin S said:
I lived in Sunridge Park (right behind Anatolia) for 3 years. Houses in that area were originally prices from $350-600K but collapsed to the current levels of $200-$250k. Rancho Cordova is a decent area. I had no major problems to speak of. There wasn't gang activity or high crime but there are several downsides to the area.
-There is a business park that manufactures airplane parts called Security Park that has an eyesore of a building that stands about 20 stories high (envision rolling golden hills everywhere with this thing out in the middle of nowhere, it stands out in a bad way.
-There is a local Rendering Plant (renders animal fat and restaurant leftovers into various products) about 2 miles down the road. The smell in the summer is horrendous!
-There is a rock quarry about 1 mile up the road that operates 24 hours per day. Lunch horn and all just like Fred Flinstone.
-Last major thing is that there is nothing, and I mean nothing out there. 20 minutes to the nearest grocery store (there is a site in the front for what was supposed to be a Raleys and a Safeway but they have been "Coming Soon" for 5 years now. It’s like the suburbs (track homes) without the convenience of the suburbs (localized economy).
All that said there are some good things about the area:
1- The main reason the houses are more expensive that the rest of Rancho is because of the school district. Rancho Cordova Schools are terrible; gang ridden and low performing. Anatolia is in the Elk Grove School district which gets high marks and doesn't have the same issues as its counterpart.
2- The homes are newer (2004-2011) and larger/more modern than Rancho Cordova. Most homes in the heart of Rancho were built in the 50-60's so they require quite a bit more care than the newer developments since they are run down. The only exception is Gold River which is a suburb of Rancho but the homes there are much more expensive.
3- Bang for your buck doesn't get much better. Just go to MLS to browse. Tons of 2500-3000 sq ft homes fully upgraded for $250k (these models when I bought were $550k).
Hope this helps.
