
Carmichael, CA 95608
This Single Family Residence presents a Strong Value Opportunity, listed at $799,000—positioned well above the $729,316 Fair Market Value. While the property requires modernization, its Fair Condition Rating and 8,276 sqft lot provide a solid foundation for value-add renovations. Featuring a sparkling pool, built-in BBQ, and a 3-car garage, the home offers significant lifestyle potential near top-rated schools like Rio Americano High. With a seller-paid interest rate buydown available, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a long-term project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1213 Gary Way Subject | $799,000* List Price | 3 | 2 | 1,860 | $383 | - |
A 4924 Olive Oak Way Sold | $598,000 | 4 | 2 | 1,830 | $327 | 0.8 mi |
B 1826 Carmelo Drive Sold | $645,000 | 3 | 2 | 1,770 | $364 | 0.9 mi |
C 1310 Los Rios Drive Sold | $883,000 | 4 | 3 | 2,171 | $407 | 0.1 mi |
D 1744 Danielson Court Sold | $805,000 | 3 | 3 | 2,232 | $361 | 0.7 mi |
E 5220 Glancy Drive Sold | $845,000 | 4 | 4 | 2,250 | $376 | 1.0 mi |
F 1610 Arden Bluffs Lane Sold | $835,000 | 4 | 3 | 2,515 | $332 | 0.5 mi |
G 975 Sand Bar Circle Active | $800,000 List Price | 4 | 3 | 1,986 | $403 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this home is well-maintained but clearly dated, fitting the 'Fair' criteria. The kitchen features older oak cabinetry and tile/laminate surfaces that appear to be 20+ years old. While the property is functional and move-in ready with some newer appliances and hardwood flooring, the listing description explicitly identifies it as a 'canvas' for future updates and style changes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1860.
The property features a rare seller-paid interest rate buydown as low as 5.625%, offering buyers a substantially lower monthly mortgage payment compared to standard market rates.
Situated in the highly coveted Del Dayo area, the home is within walking distance of top-rated schools and the American River Parkway, ensuring long-term desirability and value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1860, other record living area = 1780.
The description of the home as a 'canvas' for updates suggests that the interior finishes are dated and will require additional capital investment to meet modern aesthetic standards.
The property has undergone three price reductions within its first 28 days on the market, indicating that the initial list price was significantly disconnected from current buyer expectations.
Opportunities like this in Del Dayo don't come along often. Enjoy mature tree-lined streets in one of Carmichael's most desirable neighborhoods, this home offers the features today's buyers search for most - - flexible floor plan, three-car garage, sparkling pool, and an incredible backyard designed for year-round California living. Inside, there are multiple living spaces for everyone, whether you're hosting holidays, working from home, or simply enjoying everyday life. Flex space at the front of the home easily adapts as a home office, playroom, or additional gathering space, while beautiful plantation shutters throughout enhance both comfort and energy efficiency of the newer HVAC unit installed just a few years ago. The true showstopper is the backyard. Imagine weekends spent poolside, summer barbecues in the built-in outdoor kitchen, and evenings entertaining family and friends under the stars. With low-maintenance landscaping, you'll spend less time on yard work and more time enjoying the lifestyle you've been looking for. Location is everything, and this home delivers. Just minutes from the American River Parkway, Ancil Hoffman Park, golf courses, scenic walking and biking trails, highly regarded schools, and the shopping and dining destinations of Carmichael and Fair Oaks, you'll enjoy the perfect balance of recreation, convenience, and community. Whether you're looking for more space, a home built for entertaining, or the chance to live in one of Carmichael's most established neighborhoods, this is an opportunity to make Del Dayo your home. *This house comes with a REDUCED RATE as low as 5.625% (APR 6.258%) as of 07/13/2026 through List & Lock. This is a seller paid rate-buydown that reduces the buyer's interest rate and monthly payment. Terms apply, see disclosures for more information/contact agent*
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 5.1 mi
Grades 6-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,860 | 1,713.891 |
| Lot Size | 8,276 | 9,593.696 |
| Price | $799.0K | $573.8K |
| Price per sq ft | $430 | $343 |
| Built year | 1971 | 1964 |
| HOA | $0 | $194 |
| Days on market | 76 | 43 |
Jul 23, 2026
$799,000
$825,000
-3% Price Drop
Initial Listing
Jul 13, 2026
$825,000
$850,000
-3% Price Drop
Initial Listing
Jun 25, 2026
$850,000
Initial Listing
Sep 20, 2005
$495,000
Public Record