
Carmichael, CA 95608
This Versatile Multi-Generational Residence is a Strong Value Opportunity, listed at $1,275,000—positioned well below the $1,300,992 Fair Market Value by 2%. This valuation gap offers $25,992 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, the property includes a Private Attached Suite and an Expansive 15,943 sq. ft. Lot. Located near top-tier schools like Rio Americano and Jesuit, this home balances financial stability with lifestyle flexibility. It is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking a turnkey, high-utility property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 Mission Ave Subject 5 bd · 4 ba · 3,200 sqft · $328 | $1,050,000* List Price | 5 | 4 | 3,200 | $328 | - |
A 1561 Elsdon Circle Sold 3 bd · 2 ba · 3,621 sqft · $374 · 0.6 mi | $1,353,000 | 3 | 2 | 3,621 | $374 | 0.6 mi |
B 4831 Finlandia Way Sold 3 bd · 3 ba · 2,455 sqft · $377 · 0.6 mi | $925,000 | 3 | 3 | 2,455 | $377 | 0.6 mi |
C 5016 Olive Oak Way Sold 4 bd · 3 ba · 2,285 sqft · $352 · 0.6 mi | $804,000 | 4 | 3 | 2,285 | $352 | 0.6 mi |
D 5220 Glancy Drive Sold 4 bd · 4 ba · 2,250 sqft · $376 · 0.9 mi | $845,000 | 4 | 4 | 2,250 | $376 | 0.9 mi |
E 1272 Gary Way Sold 4 bd · 3 ba · 2,144 sqft · $391 · 0.9 mi | $838,000 | 4 | 3 | 2,144 | $391 | 0.9 mi |
F 1236 Jacob Lane Pending 3 bd · 3 ba · 2,947 sqft · $385 · 0.4 mi | $1,135,000 List Price | 3 | 3 | 2,947 | $385 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone a comprehensive high-end renovation within the last 5 years. Both kitchens feature modern shaker cabinetry, quartz countertops, and stainless steel appliances. The bathrooms are fully updated with designer tile work and contemporary fixtures. The interior shows mint condition with new flooring and recessed lighting throughout, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15943, living area = 3200.
The property features a unique dual-living configuration with an attached private suite including 2 bedrooms and a full kitchen, ideal for extended families or guest quarters.
Boasting over 15,000 sq. ft., the oversized lot offers rare privacy and significant space for outdoor recreation, gardening, or potential property expansion.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3200, other record living area = 2835.
The property was recently sold within the past year on 2026-04-30. The sold price is $675,000.00.
Built in 1948, the home may present challenges associated with older construction, potentially requiring updates to electrical, plumbing, or insulation systems.
Seller offering 15,0000 CREDIT TO BUYER for closing cost or rate buy down with PRICE IMPROVEMENT of $1,159,000 Discover an exceptional opportunity at 1509 Mission Avenue in Carmichael, now offered at $1,199,000. With 5 bedrooms, 4 bathrooms, two distinct living areas, and an expansive 15,000+ sq. ft. lot, this unique property offers the space and flexibility rarely found in a traditional home. The main residence features 3 bedrooms and 2 bathrooms with comfortable spaces for everyday living and entertaining. The attached private living quarters add 2 bedrooms, 2 bathrooms, a full kitchen, living space, and a separate entrance, creating an ideal arrangement for households that need both connection and privacy. This versatile floor plan is especially well suited for multi-generational living, aging parents, adult children, extended family, caregivers, or long-term guests. For buyers exploring a residential care home or assisted-living concept, the property's size, bedroom and bathroom count, separate living areas, and oversized lot may also offer intriguing possibilities, subject to applicable licensing, zoning, use permits, and other governmental requirements. Set on an impressive 15,000+ sq. ft. homesite, the property provides abundant outdoor space for entertaining, gardens, recreation, additional gathering areas, or creating a private retreat. Conveniently located in established Carmichael, near Rio Americano High School and Jesuit High School, with easy access to shopping, dining, medical services, recreation, and Sacramento-area amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.3 |
| Baths | 4.0 | 2.3 |
| Square foot | 3,200 | 1,856.281 |
| Lot Size | 15,943 | 9,971.489 |
| Price | $1.05M | $608.9K |
| Price per sq ft | $328 | $347 |
| Built year | 1948 | 1964 |
| HOA | $0 | $192 |
| Days on market | 69 | 48 |
Oct 17, 2026
$1,050,000
$1,099,000
-4% Price Drop
Initial Listing
Oct 10, 2026
$1,099,000
$1,159,000
-5% Price Drop
Initial Listing
Sep 26, 2026
$1,159,000
$1,199,000
-3% Price Drop
Initial Listing
Sep 12, 2026
$1,199,000
$1,275,000
-6% Price Drop
Initial Listing
Aug 26, 2026
$1,275,000
Initial Listing
Apr 30, 2026
$675,000
Public Record
Nov 3, 2006
$500,000
Public Record
Sep 15, 2006
$100,000
Public Record