
Carmichael, CA 95608
This Versatile Mid-Century Residence is a Prime Investment Opportunity, listed at $499,990—positioned well below the $517,263 Fair Market Value by 3%. This valuation gap provides $17,273 in Instant Equity for the incoming buyer. While maintaining a Condition Rating of 4, the home features original hardwoods and a large enclosed patio, offering significant value-add potential through cosmetic modernization. The expansive 0.33-acre lot includes a workshop and clear ADU potential near Mary Deterding Elementary. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3021 Stanton Circle Subject | $499,990* List Price | 3 | 2 | 1,475 | $351 | - |
A 3601 Sareco Court Sold | $498,000 | 3 | 2 | 1,289 | $386 | 0.7 mi |
B 6311 Cassady Way Sold | $570,000 | 3 | 2 | 1,613 | $353 | 0.9 mi |
C 5125 Love Way Sold | $505,000 | 3 | 2 | 1,428 | $354 | 0.7 mi |
D 5230 Grant Avenue Sold | $551,500 | 3 | 2 | 1,455 | $379 | 0.9 mi |
E 3338 Deodar Street Sold | $599,000 | 4 | 2 | 1,689 | $355 | 0.8 mi |
F 2312 Garfield Avenue Active | $539,900 List Price | 3 | 2 | 1,447 | $373 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this home is well-maintained but significantly dated. While it features dual-pane windows and original hardwoods, the kitchen is only partially updated with older cabinetry, and the bathrooms retain original 1950s 'vintage' tile. The presence of wood paneling and older carpeting indicates the home is past the 20-30 year renovation cycle and needs cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14375, living area = 1475.
The generous one-third acre lot is a rare find, providing ample space for a swimming pool or the construction of an ADU, offering significant value-add potential.
Located on a quiet circular street with minimal through traffic, this home offers a peaceful setting within a highly desirable Carmichael neighborhood near top-rated schools.
With only a partially updated kitchen and a vintage-style guest bathroom, buyers may need to budget for further cosmetic renovations to achieve a fully modern aesthetic.
Built in 1956, the home may require more diligent maintenance or updates to its original systems compared to newer residential properties in the area.
Welcome to this CHARMING HOME in a well-established Carmichael neighborhood. Set along a charming circular street with minimal through traffic. Offering approximately 1,475 sq ft on a generous one-third acre lot. This 3-bedroom, 2-bath residence is full of character.The partially updated eat-in kitchen provides a warm and inviting space for everyday living, while the separate living room features a cozy fireplace, built-in bookshelves, and original hardwood flooring that continues into the formal dining area.The formal dining space is perfect for gatherings, and the additional family room offers flexibility for relaxing or entertaining. The Large enclosed patio complete with a skylight has great potentional for many uses, use your imagination! Dual pane windows are found throughout the home for energy efficiency and comfort. The guest bathroom showcases charming vintage appeal. Step outside to the spacious backyard, where you'll find a Tuff Shed with an electrical outlet situated just outside the door perfect for a workshop, hobby space, or extra storage. The expansive lot offers plenty of room to add a pool or explore the possibility of an ADU (buyer to verify with local jurisdiction). Don't miss this opportunity to own a versatile and inviting home in one of Carmichael's most desirable, established neighborhoods.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 2.9 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,475 | 1,707 | 32% |
| Lot Size | 14,375 | 9,622.5 | 87% |
| Price | $500.0K | $568.8K | 27% |
| Price per sq ft | $339 | $360 | 40% |
| Built year | 1956 | 1963 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 167 | 1% |
Apr 16, 2026
$499,990
Initial Listing
Apr 18, 2003
$255,000
Public Record
Apr 22, 1998
$145,000
Public Record