
Carmichael, CA 95608
This property presents a Strong Value Opportunity with a List Price of $385,000—positioned well below the $405,833 Fair Market Value by 5%. This valuation gap offers $20,833 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates but offers significant upside through its 11,000 sqft lot and ADU potential. This is a high-reward acquisition ideal for Buy-and-Hold Investors or first-time buyers looking to build long-term wealth through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3813 Horton Lane Subject | $385,000* List Price | 2 | 1 | 1,344 | $302 | - |
A 6049 Landis Sold | $365,000 | 2 | 1 | 1,336 | $273 | 0.7 mi |
B 3207 Terry Way Sold | $475,000 | 3 | 2 | 1,470 | $323 | 0.9 mi |
C 3125 Kobrock Way Sold | $355,000 | 2 | 1 | 1,168 | $304 | 0.9 mi |
D 3524 Verla Street Active | $414,900 List Price | 3 | 2 | 1,260 | $329 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1956, this home is functional and move-in ready but significantly dated. The interior features worn hardwood floors that need refinishing, and the exterior shows significant cracking in the concrete patio. While the HVAC system appears relatively modern, the lack of recent kitchen/bath renovations and the overall age of the finishes place it in the fair category, requiring cosmetic updates and minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1344.
Priced under $400,000, this property offers a rare and highly affordable entry point into the competitive Carmichael real estate market.
The expansive 11,000-square-foot lot provides significant outdoor space and the potential to add an Accessory Dwelling Unit (ADU) for multi-generational living or rental income.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11000, other record lot size in square feet = 11100.
The home features only one bathroom, which may be a significant drawback for families or those who frequently host guests.
Built in 1956, the property may require updates to its original systems or cosmetic finishes to meet the standards of modern buyers.
Rarely does an opportunity like this come along! Priced under $400,000, this spacious 2-bedroom, 1-bath home offers more than 1,300 square feet of comfortable living space. Conveniently located in the heart of Carmichael, this home is close to parks, shopping, and restaurants. Set on a large lot, the property features a beautifully landscaped front yard and an expansive backyard with plenty of space to add an ADU (buyer to verify). The interior has an open floor plan with generously sized living areas and abundant natural light. The home's size provides plenty of room to relax or entertain.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,344 | - |
| Lot Size | 11,000 | - |
| Price | $385.0K | $576.3K |
| Price per sq ft | $286 | $376 |
| Built year | 1956 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 35 |
Jul 17, 2026
$385,000
Initial Listing