Unique property ideal for many uses. Privately located in the Carmichael Colony Neighborhood. Seller considers no actual value to the existing house as its current condition is nowhere near any value whatsoever. The value of this property lies within the land, the two foundations, access to utilities, zoning, buildable density, and the location. SITE PLANS for a 3-bed, 2-bath, 1,700 SQFT Single-Family Residence are available upon buyer's request. Offering SPA Zoning with flexible land uses for mixed use opportunities. For more land to expand upon there is an adjacent vacant lot also for sale: 3252 Panama Ave. Alongside 3244 Panama Ave it's possible to build to a high density, these two parcels together have the potential to allow for a maximum buildout up to around 34 units as per Sacramento Planning Dept. Enjoy fast commuter access to Fair Oaks, Folsom, Downtown Sacramento, and El Dorado Hills. Including but not limited to: multi-unit housing, warehouse, rehab centers, residential care facilities, vocational schools, churches, and Live-work properties. Also enjoy the perks of being near Riverside Golf Course, Ancil Hoffman Nature Center,the American River Parkway, Pavilions Shopping Center, Arden Fair Mall, International dining, and a highly rated International Baccalaureate school. **Sellers prefers to sell 3244 Panama Ave with 3252 Panama Ave, an extra 0.36 acre lot. Totaling approximately 30,863 square feet (0.71 acres). DISCLAIMER: Agents, buyers, inspectors, contractors, and all other parties are strictly prohibited from entering the home without the Seller's prior written authorization.Interior access is NOT permitted under any circumstances without advance approval.Any party requesting access to the interior of the property must first sign and submit a Release of Liability. The required form will be provided upon request and must be fully executed and approved before any interior access will be considered. Unauthorized entry onto the property or into any structure is strictly prohibited and may constitute trespassing. All parties enter the property at their own risk. Property is being sold AS IS. Seller makes no representations or warranties regarding the condition or safety of the structures.Extreme caution is advised. Do not leave children unattended while visiting the property. Parents and guardians are responsible for supervising minors at all times. The property may contain conditions or hazard that are unsafe for unsupervised children.