
Carmichael, CA 95608
This property presents a Strong Value Opportunity with a List Price of $519,900—positioned well below the $547,427 Fair Market Value by 5%. This valuation gap offers $27,527 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic modernization, yet offers significant upside through its 9,322 sqft lot, private pool, and 4-bedroom layout. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build sweat equity in a well-established Carmichael neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4829 Tono Way Subject 4 bd · 3 ba · 1,874 sqft · $292 | $519,900* List Price | 4 | 3 | 1,874 | $292 | - |
A 4831 Cameron Ranch Drive Sold 4 bd · 3 ba · 2,100 sqft · $305 · 0.1 mi | $640,000 | 4 | 3 | 2,100 | $305 | 0.1 mi |
B 5945 Ranger Way Sold 3 bd · 2 ba · 1,503 sqft · $303 · 0.9 mi | $455,000 | 3 | 2 | 1,503 | $303 | 0.9 mi |
C 5921 Camray Circle Sold 4 bd · 3 ba · 2,148 sqft · $272 · 1.0 mi | $585,000 | 4 | 3 | 2,148 | $272 | 1.0 mi |
D 6031 Rampart Dr. Sold 5 bd · 4 ba · 2,417 sqft · $268 · 1.0 mi | $647,000 | 5 | 4 | 2,417 | $268 | 1.0 mi |
E 5340 Adelaide Way Pending 3 bd · 2 ba · 1,836 sqft · $313 · 0.1 mi | $574,900 List Price | 3 | 2 | 1,836 | $313 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, this 64-year-old home is functional but significantly dated, featuring original wood paneling, wallpaper, and older carpeting. The listing explicitly mentions the need for 'cosmetic TLC' and describes it as a 'blank slate,' indicating that while the systems and structure appear intact, the kitchen, baths, and interior finishes are well past the 20-year mark and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9322, living area = 1874.
The property features a private swimming pool, a spacious patio, and mature fruit trees on a generous 9,322 sqft lot, offering excellent space for outdoor entertaining.
With 4 bedrooms and 1,874 sqft of living space, this home provides a functional floor plan complemented by classic hardwood flooring and a cozy fireplace.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The home is noted to need cosmetic TLC, which may require immediate additional capital and effort from buyers looking for a move-in-ready residence.
The nearest elementary school, Cameron Ranch, currently holds a low rating of 2, which could be a drawback for families prioritizing high-performing school districts.
Welcome to 4829 Tono Way in Carmichael, CA. Located in the Cameron Ranch & Oak Creek Estates pocket area. This residential ranch-style home is in a gem of a neighborhood and ready for its next chapter; it needs some cosmetic TLC but offers an inviting atmosphere that makes settling in feel like a blank slate. From the moment you pull up to the charming exterior, you'll know this is the kind of place where memories are simply waiting to be made your own. The living room serves as the heart of the home, centered around a cozy fireplace that is just begging for a movie marathon or a quiet evening with a good book. It's the perfect backdrop for those relaxed nights in where you can truly kick back and unwind. Step into the bedroom, where the hardwood flooring adds a touch of warmth and classic character to your personal retreat. Refresh yourself in the bathroom, which features a convenient walk-in shower designed for a streamlined, easy start to your day. It's functional, sleek, and gets you ready for whatever the afternoon has in store. Beyond the main interior, the property leans into the fun side of life. You'll have a private yard with fruit trees and a patio that are practically cheering for your next weekend barbecue or sunny afternoon lounge session. For those who love a splash, the private pool is ready to turn up the heat on your summer, while the attached garage keeps your vehicle sheltered and your storage organized. Reach out today to schedule your visit and see how this delightful Carmichael home can turn your daily routine into a daily celebration.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-6 • 2.1 mi
Grades 6-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,874 | 1,856.281 |
| Lot Size | 9,322 | 9,971.489 |
| Price | $519.9K | $608.9K |
| Price per sq ft | $277 | $347 |
| Built year | 1960 | 1964 |
| HOA | $20 | $192 |
| Days on market | 10 | 48 |
Oct 14, 2026
$519,900
Initial Listing