2962 Carmel Way, Fairfield, CA 94534, Fairfield, 94534 - 4 bed, 2 bath
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2962 Carmel Way
Fairfield, CA 94534
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,738Sq Ft
7,841Lot Size
Property Price
LIST PRICE$600,000
EST. MARKET VALUE
$625,687
4% BelowMARKET VALUE
SUMMARY
This Spacious Single-Story Residence is a Strong Value Opportunity, listed at $600,000—positioned well below the $625,688 Fair Market Value by 4%. This valuation gap offers $25,688 in Instant Equity for the buyer. Featuring a Mint, Move-in Ready Condition Rating, the home includes a modern quartz kitchen, simulated wood flooring, and a stylish covered patio. Located near top-rated K.I. Jones Elementary, this property is an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or first-time buyers prioritizing long-term value.
Estimated Market Value
$625,687+$25,687 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fairfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2962 Carmel Way Subject 4 bd · 2 ba · 1,738 sqft · $360 | $600,000* List Price | 4 | 2 | 1,738 | $360 | - |
A 3343 Ticonderoga Pl Sold 4 bd · 2 ba · 1,703 sqft · $408 · 1.0 mi | $695,000 | 4 | 2 | 1,703 | $408 | 1.0 mi |
B 1600 Moraga Drive Sold 3 bd · 2 ba · 1,619 sqft · $395 · 0.7 mi | $640,000 | 3 | 2 | 1,619 | $395 | 0.7 mi |
C 2506 Ramsay Way Sold 4 bd · 2 ba · 1,661 sqft · $352 · 0.5 mi | $585,000 | 4 | 2 | 1,661 | $352 | 0.5 mi |
D 2850 Calaveras Drive Sold 4 bd · 3 ba · 2,320 sqft · $291 · 0.1 mi | $675,000 | 4 | 3 | 2,320 | $291 | 0.1 mi |
E 2500 Clipper Ship Court Sold 3 bd · 3 ba · 1,976 sqft · $296 · 0.6 mi | $585,000 | 3 | 3 | 1,976 | $296 | 0.6 mi |
F 3213 Bear Creek Drive Sold 4 bd · 2 ba · 2,036 sqft · $369 · 0.6 mi | $751,000 | 4 | 2 | 2,036 | $369 | 0.6 mi |
G 1518 Astoria Drive Sold 4 bd · 3 ba · 2,392 sqft · $286 · 1.0 mi | $685,000 | 4 | 3 | 2,392 | $286 | 1.0 mi |
H 2116 Monterey Drive Active 3 bd · 2 ba · 1,674 sqft · $367 · 0.2 mi | $615,000 List Price | 3 | 2 | 1,674 | $367 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1976, the property has undergone a comprehensive recent renovation within the last 5 years. It features a modern kitchen with quartz countertops and stainless steel appliances, updated bathrooms, new carpet, fresh interior paint, and simulated wood flooring. The exterior shows a newer HVAC unit and high-quality hardscaping, meeting the criteria for mint, move-in ready condition.
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 = 7841, living area = 1738.
- Modern Interior Upgrades
The home features significant recent improvements, including quartz countertops, stainless steel appliances, new flooring, and fresh paint, offering a move-in-ready experience for buyers.
- Functional Single-Story Layout
With 4 bedrooms and a spacious 1,738 sqft floor plan on a single level, the property provides an ideal, accessible layout that is highly desirable for families and retirees alike.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
Having been on the market for 53 days with a recorded price change, the property may be facing challenges regarding its initial valuation or current buyer demand in the area.
- Property Age
Built in 1976, the home may require ongoing maintenance or future capital expenditures for aging structural systems or utilities that were not included in the recent cosmetic updates.
About 2962 Carmel Way
Beautifully updated single-story home with an ideal, functional floor plan. Enjoy both a spacious family room and a living room with cozy fireplace that opens to the updated kitchen featuring quartz countertops and stainless steel appliances. The primary suite offers two closets and a beautifully updated bathroom. Additional upgrades include simulated wood flooring, new carpet and fresh interior paint. Step outside to a stylish covered patio perfect for entertaining, complemented by a charming flagstone walkway and inviting backyard. Excellent location in a good walking neighborhood, close to Travis Airforce Base and Woodcreek Park.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 7,841 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
Fairfield Unified Schools
K. I. Jones Elementary School
Grades K-5 • 0.4 mi
7/10
B. Gale Wilson Elementary School
Grades K-8 • 0.8 mi
4/10
Suisun Valley Elementary School
Grades K-8 • 3.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,738 | 1,829.832 |
| Lot Size | 7,841 | 6,054.538 |
| Price | $600.0K | $613.4K |
| Price per sq ft | $345 | $326 |
| Built year | 1976 | 1990 |
| HOA | $0 | $169 |
| Days on market | 75 | 56 |
Pricing History
Listed for Sale
Aug 10, 2026
$600,000
Initial Listing