3948 Park Circle Lane, Carmichael, CA 95608, Carmichael, 95608 - 2 bed, 3 bath
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Carmichael, CA 95608
This property presents a High-Potential Investment Opportunity with a List Price of $345,000—positioned well below the $352,001 Fair Market Value by 2%. This valuation gap offers $7,001 in Instant Equity for buyers willing to address the Condition Rating of 5. Featuring a 1,519 sqft layout on a lush greenbelt, the home offers significant value-add potential through interior modernization. With FHA/VA financing approval and proximity to top-rated schools, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3948 Park Circle Lane Subject | $345,000* List Price | 2 | 3 | 1,519 | $232 | - |
A 3900 Park Circle Lane C Active | $360,000 List Price | 2 | 2 | 1,400 | $257 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 (40 years old) with no evidence of recent renovations. The interior shows original 1980s cabinetry and tile, while the carpets are visibly stained and worn throughout. As a HUD foreclosure, the property likely has deferred maintenance and requires a full rehab of the kitchen, bathrooms, and flooring to be brought to modern standards.
This stand-alone condominium is uniquely situated directly on a lush greenbelt, providing tranquil views and a level of privacy rarely found in high-density housing.
The Cottage Park community is both FHA and VA approved, significantly expanding the pool of eligible buyers and offering more flexible financing options compared to many other condo developments.
At 1,519 square feet with three bathrooms for only two bedrooms, the property offers an exceptionally generous floor plan that provides more comfort and utility than standard two-bedroom units.
The association fee of $625 per month is quite high relative to the listing price, which may deter budget-conscious buyers and impact overall monthly affordability.
As a HUD property, it is typically sold in as-is condition and requires a specific bidding process, which may involve additional repair costs or less flexibility during negotiations.
HUD Home! Discover the perfect blend of modern comfort and tranquil surroundings in this stand alone Carmichael condominium. Situated in a well-maintained boutique community, this home boasts a premium location directly on a lush greenbelt, offering peaceful views and a sense of privacy. This inviting and spacious upper-level condo is located in the highly desirable, well-kept FHA and VA-approved Cottage Park community, in the heart of Carmichael.. The community has a swimming pool, spa, and clubhouse with a sauna, and is located conveniently close to shopping, restaurants, Ancil Hoffman Park, and Jensen Botanical Garden.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 1.5 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,519 | - |
| Lot Size | 20,038 | - |
| Price | $345.0K | $307.0K |
| Price per sq ft | $227 | $245 |
| Built year | 1984 | 0 |
| HOA | $625 | $0 |
| Days on market | 7 | 79 |
Jul 15, 2026
$345,000
Initial Listing
Jul 30, 2004
$320,000
Public Record