4924 Olive Oak Way, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 2 bath
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Carmichael, CA 95608
This Turnkey Single-Story Residence represents a Prime Investment Opportunity, listed at a List Price of $589,900—positioned well below the $607,476 Fair Market Value by 2%. This valuation gap provides $17,576 in Instant Equity. Featuring a Condition Rating of 3, the home includes recent 2026 interior updates, a 2024 water heater, and a spacious private patio. Located in the sought-after Maddox Ranch neighborhood, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate comfort and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4924 Olive Oak Way Subject | $589,900* List Price | 4 | 2 | 1,830 | $332 | - |
A 4713 Olive Oak Way Sold | $690,000 | 4 | 2 | 2,040 | $338 | 0.3 mi |
B 5242 Wyndham Oak Lane Sold | $601,000 | 3 | 2 | 1,854 | $324 | 1.0 mi |
C 2008 Santa Lucia Way Sold | $690,000 | 3 | 2 | 1,776 | $389 | 0.5 mi |
D 5417 Home Court Sold | $739,000 | 4 | 2 | 1,923 | $384 | 0.8 mi |
E 2021 Mission Avenue Sold | $555,000 | 3 | 2 | 1,338 | $415 | 0.6 mi |
F 1826 Carmelo Drive Pending | $718,888 List Price | 3 | 2 | 1,770 | $406 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1978 but recently refreshed in 2026 with new carpet and interior paint. The kitchen and bathrooms appear to have been updated within the last 10-15 years with stone countertops and white cabinetry. Systems are partially updated with a 2024 water heater and dual-pane windows, making it functional and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1830.
Situated in the highly desirable Maddox Ranch neighborhood, the property offers exceptional proximity to the American River Parkway and Ancil Hoffman Park for premium outdoor recreation.
The home features brand-new carpet, fresh interior paint, and a 2024 water heater, providing a refreshed, move-in-ready environment for the new owner.
While the high school is well-rated, the designated K-8 school has a lower rating of 3, which may be a concern for education-focused buyers.
Despite recent cosmetic updates, the 1978 construction may soon require investment in major original systems such as the roof or HVAC that were not specified as replaced.
Welcome to Maddox Ranch Living! This beautifully refreshed single-story home offers 4 bedrooms, 2 bathrooms, and approximately 1,830 square feet of inviting living space on a generous 0.19-acre lot. Fresh interior paint and new carpet (2026), paired with an abundance of natural light, create a warm and welcoming atmosphere from the moment you enter. Thoughtfully designed floor plan features a spacious living room, a formal dining room, a large separate family room with a cozy gas-log fireplace, and an open-concept kitchen complete with a generous dining barperfect for everyday living and effortless entertaining. The expansive primary suite offers direct backyard access, dual closets, and a spacious vanity area. Step outside to a large, private backyard with a patio and ample space to relax, entertain, garden, or even create your dream pool. Additional highlights include a 2024 water heater, dual-pane windows, an attached two-car garage, and an exceptional location just minutes from the American River Parkway, Ancil Hoffman Park, shopping, dining, and everyday conveniences. A rare opportunity to enjoy the comfort, space, and lifestyle that make Maddox Ranch one of Carmichael's most sought-after neighborhoods.
No exterior & parking available.
Grades K-6 • 4.8 mi
Grades K-8 • 0.6 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,830 | - |
| Lot Size | 8,276 | - |
| Price | $589.9K | $576.3K |
| Price per sq ft | $322 | $376 |
| Built year | 1978 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 35 |
Jul 16, 2026
$589,900
Initial Listing
Jun 20, 2006
$395,000
Public Record
Jul 31, 1995
$172,500
Public Record