
Carmichael, CA 95608
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $895,000—positioned slightly above the $857,393 Fair Market Value. Despite the premium, the property offers significant long-term value through its 13,800 sqft lot and ADU expansion potential with pre-approved plans. Featuring a Condition Rating of 2, the home includes a Granite Kitchen, Hardwood Floors, and a Finished Detached Garage. Located near Top-Rated Schools like Del Dayo Elementary and Rio Americano High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in ready lifestyle.
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 | $423 | - |
A 5801 River Oak Way Sold | $955,000 | 3 | 2 | 1,755 | $544 | 0.6 mi |
B 5417 Home Court Sold | $739,000 | 4 | 2 | 1,923 | $384 | 0.8 mi |
C 1744 Danielson Court Sold | $805,000 | 3 | 3 | 2,232 | $361 | 0.2 mi |
D 1310 Los Rios Drive Sold | $883,000 | 4 | 3 | 2,171 | $407 | 0.4 mi |
E 1325 Philomene Court Sold | $865,000 | 3 | 3 | 1,781 | $486 | 0.8 mi |
F 4708 Bowerwood Drive Sold | $775,000 | 4 | 3 | 2,186 | $355 | 0.9 mi |
G 1431 Mcclaren Drive Pending | $949,000 List Price | 4 | 2 | 1,932 | $491 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1968, the property has undergone a comprehensive recent renovation (likely within <5 years) featuring a modern kitchen with granite countertops and smart appliances, updated bathrooms, and new hardwood flooring throughout. The interior and exterior, including the stamped concrete and finished garage, are in mint condition with no visible maintenance needs.
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 within walking distance to the American River and zoned for top-rated schools like Del Dayo Elementary and Rio Americano High.
The home features a comprehensive renovation including a chef's kitchen with smart appliances, elegant hardwood flooring, and tastefully updated bathrooms throughout.
Originally built in 1968, the property may have underlying aged infrastructure or layout limitations common to homes of this era despite the extensive cosmetic updates.
Listed at $895,000, the property sits at a higher price point for a 3-bedroom residence in the area, which may limit the pool of qualified buyers.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 66% |
| Square foot | 2,028 | 1,735.5 | 75% |
| Lot Size | 13,800 | 9,420 | 89% |
| Price | $895.0K | $579.0K | 92% |
| Price per sq ft | $441 | $360 | 89% |
| Built year | 1968 | 1963 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 174 | 1% |
Jun 3, 2026
$895,000
Initial Listing
May 26, 2015
$430,000
Public Record