3900 Park Circle Lane C, Carmichael, CA 95608, Carmichael, 95608 - 2 bed, 2 bath
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Carmichael, CA 95608
This Value-Add Condominium is listed at $360,000, currently positioned relative to a $300,333 Fair Market Value. While the price reflects the area's high demand, the property offers a clear path to appreciation through interior modernization. The home features a highly desirable detached two-car garage, a newer HVAC system, and a Condition Rating of 4, signaling significant potential for equity growth through cosmetic updates. Located within walking distance of Carmichael Elementary and John Barrett Middle School, the location ensures long-term desirability. This property is an ideal project for Buy-and-Hold Investors or first-time buyers ready to customize their space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3900 Park Circle Lane C Subject | $360,000* List Price | 2 | 2 | 1,400 | $215 | - |
A 3901 Park Circle Lane B Sold | $300,000 | 2 | 2 | 1,234 | $243 | 0.0 mi |
B 3997 Park Circle Lane B Sold | $300,000 | 2 | 2 | 1,234 | $243 | 0.0 mi |
C 3928 Park Circle Lane C Sold | $335,000 | 2 | 2 | 1,400 | $239 | 0.1 mi |
D 3997 Park Circle Lane C Pending | $349,000 List Price | 2 | 2 | 1,400 | $249 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this property features a mix of updated and original components. The air conditioning unit is only 3 years old, and the kitchen benefits from newer stainless steel appliances (range, dishwasher) and updated laminate flooring. However, the kitchen's wood cabinets and tile countertops are significantly dated. The bathroom is also very outdated with an original vanity, tile countertop, and carpet flooring, which is a major drawback. The description notes 'endless potential to make it your own' and a seller credit for carpet, indicating that substantial cosmetic updates are required throughout the home to meet modern standards, particularly in the kitchen and bathrooms. While functional, it requires more than minor updates but does not have structural or safety defects to be classified as 'Poor'.
Conveniently situated near shopping, dining, and the river, enhancing lifestyle and accessibility for residents.
A significant and desirable amenity for a condominium, providing ample parking, storage, or potential workshop space.
The air conditioning unit is only three years old, offering peace of mind regarding a major system's reliability and efficiency.
The $620 monthly HOA fee is substantial and could significantly impact affordability and long-term ownership costs.
The description 'offers endless potential to make it your own' suggests the property may require significant cosmetic or functional updates to meet modern tastes.
As a lower-level condo, it may have limitations regarding natural light, privacy, and potential for noise from upstairs neighbors.
Location, Location, This lovely lower level condo is conveniently located close to shopping, dining, and the river. This home offers endless potential to make it your own. It has 2 car detached garage!!!! The air condition unit is only 3yrs old!! The Seller is giving a credit for the carpet.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 1.5 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,400 | 1,234 | 60% |
| Lot Size | - | 697 | 47% |
| Price | $360.0K | $300.0K | 73% |
| Price per sq ft | $257 | $243 | 67% |
| Built year | 1986 | 1984 | 67% |
| HOA | $620 | $381 | 60% |
| Days on market | 357 | 216 | 0% |
May 1, 2025
$360,000
Initial Listing
Jan 10, 2020
$260,000
Public Record