2709 Walnut Avenue, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 2 bath
Loading property details...
2709 Walnut Avenue
Carmichael, CA 95608
ACTIVE
CONDITION: POOR
4Beds
2Baths
2,313Sq Ft
22,216Lot Size
Property Price
LIST PRICE$720,000
EST. MARKET VALUE
$684,590
5% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $720,000—positioned well above the $684,590 Fair Market Value by -5%. Featuring a Fair Condition Rating (5/10), the home requires a comprehensive rehab to modernize its 1947 core systems. The 22,216 sqft lot and dual-living configuration provide significant value-add potential for ADU development or rental income. This asset is best suited for Buy-and-Hold Investors or Owner-Occupants capable of executing a strategic renovation to maximize long-term equity.
Estimated Market Value
$684,590
Based on Realkey algorithm analyzing recent comparable sales in Carmichael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2709 Walnut Avenue Subject | $720,000* List Price | 4 | 2 | 2,313 | $296 | - |
A 5444 North Avenue Active | $620,000 List Price | 4 | 3 | 2,161 | $287 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, the property shows significant signs of age with a kitchen and bathrooms that are over 30 years old, featuring dated oak cabinetry and tile countertops. While there are some recent cosmetic updates like laminate flooring, the exterior shows deferred maintenance with an overgrown lot and a weathered deck. The roof-mounted HVAC units appear aged, and the mismatched interior transitions suggest the home requires a comprehensive rehab rather than minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 22216, living area = 2313.
- Multi-Generational/Rental Potential
The property features two separate living spaces, offering excellent flexibility for rental income, multi-generational living, or a dedicated home office setup.
- Substantial Lot Size
Situated on over half an acre (22,216 sqft), the expansive lot provides rare privacy, mature landscaping, and significant room for outdoor expansion or potential ADU development.
CONSRISKS & DEFICIENCIES
- Property Age
Originally built in 1947, the home may require updates to its core systems or cosmetic finishes to align with modern buyer preferences and energy efficiency standards.
- Market Stagnation
With over 60 days on the market, the property may be facing price resistance or requires specific renovations to compete with more recently updated homes in the Carmichael area.
About 2709 Walnut Avenue
Welcome to 2709 Walnut Avenue, a versatile offering an excellent opportunity for investors, multi-generational living, or owner-occupants seeking rental income potential! Situated on a spacious lot in an established Carmichael neighborhood, this property features two separate living spaces designed to accommodate a variety of lifestyles and investment goals.The expansive driveway provides abundant off-street parking, while mature trees enhance the property's charm and privacy. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or create a comfortable setup for extended family, this property offers flexibility and long-term potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 22,216 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,313 | 1,713.891 |
| Lot Size | 22,216 | 9,593.696 |
| Price | $720.0K | $573.8K |
| Price per sq ft | $311 | $343 |
| Built year | 1947 | 1964 |
| HOA | $0 | $194 |
| Days on market | 100 | 43 |
Pricing History
Listed for Sale
Jun 1, 2026
$720,000
Initial Listing
Sold
Sep 23, 2015
$380,000
Public Record
Sold
May 29, 2012
$150,000
Public Record
Sold
Jun 25, 1997
$112,500
Public Record