
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 Avenue Subject | $1,275,000* List Price | 5 | 4 | 3,200 | $407 | - |
A 5030 Keane Drive Sold | $1,200,280 | 4 | 3 | 2,771 | $433 | 0.7 mi |
B 1561 Elsdon Circle Active | $1,425,000 List Price | 4 | 3 | 3,621 | $394 | 0.6 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.
Discover a truly unique opportunity at 1509 Mission Avenue in Carmichael, where generous living spaces, exceptional versatility, and an expansive 15,000+ sq. ft. lot come together to create a home designed for the way people live today. The main residence features 3 bedrooms and 2 bathrooms, offering comfortable, inviting spaces for everyday living and entertaining. What truly sets this property apart is the attached private living quarters, complete with 2 additional bedrooms, 2 bathrooms, and a full kitchen. This thoughtfully designed arrangement creates two distinct living spaces while maintaining the convenience of one property. Ideal for multi-generational living, extended family, long-term guests, or anyone who values additional private living space, the flexible configuration allows everyone to stay connected while still enjoying their own sense of privacy and independence. Outside, the impressive 15,000+ sq. ft. homesite provides a sense of openness rarely found. With plenty of room for outdoor entertaining, gardening, recreation, or creating your own private retreat, the possibilities are extensive. Conveniently located in Carmichael and just minutes from Rio Americano High School and Jesuit High School, the home also offers easy access to shopping, dining, recreation, and many of the amenities that make this established Sacramento-area community so desirable. With a total of 5 bedrooms, 4 bathrooms, two distinct living areas, and an oversized lot, 1509 Mission Avenue offers much more than a traditional home. It is a rare opportunity for buyers seeking space, privacy, flexibility, and a property that can evolve with their needs for years to come.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 3,200 | 1,713.891 |
| Lot Size | 15,943 | 9,593.696 |
| Price | $1.27M | $573.8K |
| Price per sq ft | $398 | $343 |
| Built year | 1948 | 1964 |
| HOA | $0 | $194 |
| Days on market | 14 | 43 |
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