
Carmichael, CA 95608
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $895,000—positioned above the $838,457 Fair Market Value. While priced at a premium, the property features a Condition Rating of 3, showcasing high-end Granite Kitchen finishes and modern renovations. The expansive 13,800 sqft lot offers significant ADU Potential with approved plans, providing long-term growth. Located near top-rated schools like Rio Americano High, this home is an ideal sanctuary for Owner-Occupants or Investors seeking a move-in ready asset with rare expansion capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 Gregory Way Subject | $895,000* List Price | 3 | 3 | 2,028 | $413 | - |
A 1338 Meredith Way Sold | $825,000 | 4 | 2 | 1,631 | $506 | 0.2 mi |
B 1744 Danielson Court Sold | $805,000 | 3 | 3 | 2,232 | $361 | 0.2 mi |
C 5801 River Oak Way Sold | $955,000 | 3 | 2 | 1,755 | $544 | 0.6 mi |
D 5016 Olive Oak Way Sold | $804,000 | 4 | 3 | 2,285 | $352 | 0.5 mi |
E 1310 Los Rios Drive Sold | $883,000 | 4 | 3 | 2,171 | $407 | 0.4 mi |
F 5417 Home Court Sold | $739,000 | 4 | 2 | 1,923 | $384 | 0.8 mi |
G 4955 Marlborough Way Pending | $899,950 List Price | 3 | 2 | 2,117 | $425 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1968, the home has undergone a comprehensive renovation likely within the last 5-15 years. The kitchen is updated with granite countertops and stainless steel smart appliances, bathrooms have been modernized, and the interior features recessed lighting and hardwood floors. The property is well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13800, living area = 2028.
Situated in a highly desirable Carmichael neighborhood, the property offers exceptional access to outdoor recreation, being just a short walk from the American River and William B. Pond Recreation Area.
The home features extensive modern upgrades, including a chef's kitchen with smart appliances, elegant hardwood floors, and fully remodeled bathrooms, providing a move-in-ready experience for discerning buyers.
Despite the beautiful aesthetic renovations, the 1968 construction year suggests that some underlying mechanical or structural systems may be nearing the end of their functional lifespan compared to newer builds.
At a list price of $895,000 for a 3-bedroom home, the property is positioned at the higher end of the local market, which may limit the pool of qualified buyers in a fluctuating interest rate environment.
Beautifully updated 3 bedroom, 3 bathroom home in one of Carmichael's most desirable neighborhoods, just a short walk to the American River and William B. Pond Recreation Area. Set behind a grand gated driveway, the home welcomes you into a private courtyard with finished stamped concrete that wraps around the property and continues into the backyard, creating a polished, low-maintenance outdoor setting. Inside, the home has been thoughtfully renovated with recessed lighting, elegant hardwood floors, multiple sliding glass doors, and a warm cast fireplace. The kitchen features granite countertops, a spacious island, and stainless steel smart appliances. All three bathrooms have been tastefully finished with modern touches, and a separate laundry room adds everyday convenience. The detached finished garage offers flexible potential for additional workspace, studio, or recreation use. Enjoy a large, private backyard with a gazebo, fire pit, and multiple fruit trees. The spacious lot offers exciting future potential, including ADU possibilities with previously secured county permits and approved plans.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 4.6 mi
Grades 6-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,028 | - |
| Lot Size | 13,800 | - |
| Price | $895.0K | $576.3K |
| Price per sq ft | $441 | $376 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 35 |
Jun 3, 2026
$895,000
Initial Listing
May 26, 2015
$430,000
Public Record