
Carmichael, CA 95608
This Unique Multi-Generational Estate is a Strong Value Opportunity, listed at $899,000—positioned well below the $959,215 Fair Market Value by 6%. This valuation gap provides $60,215 in Instant Equity for the savvy buyer. Featuring a Move-in Ready Condition Rating, the property boasts a primary suite with updated finishes and a separate Airbnb-ready apartment for immediate income generation. Set on a 1.4-acre splittable lot with a seasonal creek view, it offers rare privacy and significant development upside. This is an exceptional acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting long-term land value.
Property is move-in ready.
While originally built in 1953, the property is move-in ready and shows evidence of significant maintenance and strategic updates. Key features include an updated primary bathroom, large updated windows that enhance natural light, and a fully functional secondary kitchen in the guest suite/Airbnb unit. The description of 'custom craftsmanship' and the property's current use as a successful short-term rental suggest that the interior finishes and systems are well-maintained and meet modern functional standards, even if the entire structure hasn't undergone a total down-to-the-studs renovation recently.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60548, living area = 2800.
The expansive 1.4-acre lot is potentially splittable and offers ample space for an ADU or further expansion, providing significant long-term investment and equity-building opportunities.
The third bedroom is configured as an attached apartment with its own kitchen and separate entrance, currently operating as a successful Airbnb, perfect for rental income or multigenerational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 1536. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Built in 1953, the home may require more intensive maintenance or updates to its original core systems compared to newer constructions in the area.
Because the third bedroom is set up as an independent apartment, the main living area may lack the traditional three-bedroom layout desired by larger families wanting everyone in the same wing.
Nestled at the end of a quiet, private road, this property offers a unique blend of generous space, exceptional privacy, and timeless character. Set on nearly 1.4 acres of lush, green grounds, this 2,800 sq ft home offers the kind of setting that feels worlds away, yet remains close to everything. A seasonal creek meanders through the property, adding to the peaceful, park-like atmosphere. Inside, you'll find 3 bedrooms and 3 bathrooms, filled with character and warmth. An open floor plan creates a natural flow between living spaces, while large updated windows flood the home with natural light, giving it a bright and airy feel and framing the beautiful views of the surrounding greenery. A stunning custom front door sets the tone for the craftsmanship and personality found throughout. The spacious primary suite offers a relaxing escape, complete with an updated primary bathroom designed for comfort and style. An added bonus: The third bedroom offers flexibility and can also function as an attached apartment with it's own kitchen, currently operating as a successful Airbnb, provides an excellent opportunity for income generation, multigenerational living, or guest accommodations. Designed for living and entertaining, the property features multiple outdoor gathering areas, perfect for hosting under the trees or enjoying quiet evenings surrounded by nature. With nearly 1.4 acres, there's also ample space for an ADU, gardens, or expanded outdoor amenities and the lot is potentially splittable, offering even more long term opportunity and value. This property also features a charming detached studio retreat, perfect for a she-shed, creative workspace, home office, or peaceful escape. All of this in a prime Carmichael location, with close proximity to parks, the American River Parkway, and convenient shopping and dining amenities, while still enjoying the tranquility of a private setting. This is a property that truly stands apart!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 2,800 | 1,707 | 93% |
| Lot Size | 60,548 | 9,583 | 99% |
| Price | $899.0K | $570.0K | 91% |
| Price per sq ft | $321 | $361 | 33% |
| Built year | 1953 | 1963 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 68 | 168 | 11% |
Mar 11, 2026
$899,000
$925,000
-3% Price Drop
Initial Listing
Feb 14, 2026
$925,000
Initial Listing
May 21, 2012
$220,000
Public Record
Sep 10, 1998
$170,000
Public Record