3244 Panama, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 2 bath
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This Value-Add Investment Asset represents a Strong Value Opportunity with a List Price of $380,000—positioned well below the $420,981 Fair Market Value by 9%. This valuation gap offers $40,981 in Instant Equity for buyers prepared to navigate a Poor Condition Rating requiring substantial rehabilitation. Featuring an Expansive 15,181 Sqft Lot and a generous 1,706 sqft footprint, the property provides significant upside through modernization or potential redevelopment. It is a high-potential acquisition for Fix-and-Flip Investors or Contractors seeking to capture forced appreciation in Carmichael.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3244 Panama Subject | $380,000* List Price | 3 | 2 | 1,706 | $247 | - |
A 2546 El Vita Way Sold | $480,000 | 3 | 2 | 1,866 | $257 | 1.0 mi |
B 3244 Panama Avenue Active | $380,000 List Price | 3 | 2 | 1,706 | $223 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1945, this property requires substantial rehabilitation and modernization. The listing analysis highlights aging infrastructure and the need for significant capital investment for structural and cosmetic updates. The low price point relative to the square footage further indicates that major systems are likely at the end of their lifespan and require replacement.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15181, living area = 1706.
The property features a generous 15,181 square foot lot, offering significant space for outdoor entertaining, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
Listed at $380,000, this property offers an attractive entry-level price for the Carmichael market, providing excellent value for a home with over 1,700 square feet of living space.
Built in 1945, the property may require substantial updates to major systems such as plumbing, electrical, and roofing to meet modern building codes and efficiency standards.
Given the age and price positioning, the home likely requires a significant capital investment for cosmetic and structural modernization to realize its full market potential.
Exceptional opportunity in Carmichael. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
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 | 1,706 | 1,707 | 50% |
| Lot Size | 15,181 | 9,583 | 88% |
| Price | $380.0K | $567.5K | 3% |
| Price per sq ft | $223 | $361 | 3% |
| Built year | 1945 | 1963 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 167 | 1% |
Mar 14, 2026
$380,000
Initial Listing
May 10, 2002
$350,000
Public Record