3431 Palestine Ln, Carmichael, CA 95608, Carmichael, 95608 - 0 bed, 0 bath
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3431 Palestine Ln
Carmichael, CA 95608
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,200Sq Ft
10,559Lot Size
Property Price
LIST PRICE$671,000
EST. MARKET VALUE
$643,603
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $671,000—positioned above the $643,603 Fair Market Value by -4%. Currently operating as a residential care facility, this Residential Income Asset offers a turnkey revenue stream on a substantial 10,559 sqft lot. While the home maintains a Fair Condition Rating with dated finishes, the lack of HOA fees maximizes net operating income. This is a strategic acquisition ideal for Buy-and-Hold Investors or Commercial Care Operators seeking an established facility.
Estimated Market Value
$643,603
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 |
|---|---|---|---|---|---|---|
★ 3431 Palestine Ln Subject 0 bd · 0 ba · 2,200 sqft · $293 | $671,000* List Price | 0 | 0 | 2,200 | $293 | - |
A 5513 Engle Road Sold 4 bd · 4 ba · 2,000 sqft · $325 · 0.5 mi | $650,000 | 4 | 4 | 2,000 | $325 | 0.5 mi |
B 3312 Jayanne Way Sold 4 bd · 0 ba · 1,848 sqft · $303 · 0.3 mi | $559,500 | 4 | 0 | 1,848 | $303 | 0.3 mi |
C 3332 Jayanne Way Sold 4 bd · 0 ba · 1,939 sqft · $304 · 0.2 mi | $589,000 | 4 | 0 | 1,939 | $304 | 0.2 mi |
D 4920 Douvan Court Sold 2 bd · 1 ba · 1,826 sqft · $300 · 0.9 mi | $547,000 | 2 | 1 | 1,826 | $300 | 0.9 mi |
E 3329 Jayanne Way Active 4 bd · 2 ba · 1,848 sqft · $324 · 0.2 mi | $599,000 List Price | 4 | 2 | 1,848 | $324 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 (44 years old), the property is functional but dated. Interior images show popcorn ceilings and older tile flooring consistent with a 20+ year old renovation or original finishes. While currently operating as a care facility, the home requires cosmetic updates and significant landscaping attention to meet modern residential standards.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Stream
The property is currently leased to a Residential Care Facility for the elderly, providing a turnkey investment opportunity with established rental income from a specialized tenant.
- Substantial Lot Size
Situated on a generous 10,559 square foot lot, the property offers significant outdoor space and potential for future expansion or the addition of an accessory dwelling unit.
- No Association Fees
With zero HOA fees, the property carries lower monthly overhead costs, which maximizes the net operating income and simplifies the ownership structure for investors.
CONSRISKS & DEFICIENCIES
- Niche Market Appeal
The specialized use as a care facility may limit the buyer pool primarily to investors, potentially excluding traditional owner-occupant buyers who may find the conversion back to a standard residence costly.
- Aging Infrastructure
Built in 1980, the property may require upcoming capital expenditures for major systems or modernizing updates to maintain its value and meet evolving care facility standards.
About 3431 Palestine Ln
Property is being rented by Residential Care Facility for the elderly.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1980
- Lot Size
- 10,559 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 3.9 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,200 | 2,001.714 |
| Lot Size | 10,559 | 9,182.429 |
| Price | $671.0K | $583.9K |
| Price per sq ft | $305 | $296 |
| Built year | 1980 | 1973 |
| HOA | $0 | $0 |
| Days on market | 8 | 108 |
Pricing History
Listed for Sale
Oct 16, 2026
$671,000
Initial Listing
Sold
Aug 6, 2020
$525,000
Public Record
Sold
Jan 31, 2003
$309,500
Public Record