3538 Tarro Way, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 2 bath
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3538 Tarro Way
Carmichael, CA 95608
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,199Sq Ft
19,166Lot Size
Property Price
LIST PRICE$609,900
EST. MARKET VALUE
$537,562
13% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $629,000—positioned well above the $543,308 Fair Market Value. While the current valuation reflects a premium, the asset offers significant upside through its 19,166 sq. ft. lot and completed blueprints for a 4-unit conversion. With a Condition Rating of 4, the property requires modernization, yet the existing 5-car garage and RV access provide immediate utility. This is a strategic acquisition for Buy-and-Hold Investors or Developers focused on maximizing rental yield through density expansion.
Estimated Market Value
$537,562
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 |
|---|---|---|---|---|---|---|
★ 3538 Tarro Way Subject | $609,900* List Price | 3 | 2 | 1,199 | $448 | - |
A 3601 Sareco Court Sold | $498,000 | 3 | 2 | 1,289 | $386 | 0.1 mi |
B 6310 Cassady Way Pending | $545,900 List Price | 3 | 2 | 1,415 | $386 | 0.8 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 1949, the property is significantly dated but remains functional and tenant-occupied. The kitchen has received cosmetic updates including painted cabinetry and newer stainless steel appliances, likely 15-20 years ago, but the overall infrastructure and exterior siding show age-related wear. The listing's emphasis on converting garages and redevelopment suggests the current systems and finishes require modernization to reach full market potential.
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 = 19166, living area = 1199.
- Significant Development Potential
The property comes with completed blueprints to convert the existing 5-car garage into a duplex or single-family residence, providing a clear path to increase the total unit count to four for maximum rental yield.
- Expansive Lot and Parking
Situated on a nearly 0.44-acre lot, the property offers rare utility with a 5-car garage, 4-car carport, and dedicated RV access, ideal for multi-tenant use or extensive storage needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1199, other record living area = 1751.
- Tenant Occupancy Restrictions
The property is currently tenant-occupied with a 'do not disturb' instruction, which can complicate the showing process and delay immediate construction or owner-occupancy plans.
- Aesthetic and Age Considerations
Built in 1949, the property may require significant modernization or cosmetic upgrades to reach its full market potential, as indicated by the listing's suggestion that it requires a second look.
About 3538 Tarro Way
Great investment or live in 1 unit & rent 1 unit, or multi generation living. Quiet quiet Cul de sac street, walk to Carmichael Park, open floor plan. Large garage & 4 car carport, RV access, Large lot Turn-key recently renovated & new appliances. Last appraised at $675K. Tenant occupied, appointment only.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1949
- Lot Size
- 19,166 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
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 | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,199 | 1,713.891 |
| Lot Size | 19,166 | 9,593.696 |
| Price | $609.9K | $573.8K |
| Price per sq ft | $509 | $343 |
| Built year | 1949 | 1964 |
| HOA | $0 | $194 |
| Days on market | 53 | 43 |
Pricing History
Listed for Sale
Aug 15, 2026
$609,900
$614,550
-1% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$614,550
$599,999
+2% Price Increase
Initial Listing
Price Change
Jul 27, 2026
$599,999
$626,900
-4% Price Drop
Initial Listing
Price Change
Jul 25, 2026
$626,900
$629,000
+0% Price Increase
Initial Listing
Price Change
Jul 18, 2026
$629,000
Initial Listing
Sold
Nov 7, 2022
$548,000
Public Record