5000 Patric Way, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 2 bath
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5000 Patric Way
Carmichael, CA 95608
ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,100Sq Ft
10,019Lot Size
Property Price
LIST PRICE$589,000
EST. MARKET VALUE
$599,929
SUMMARY
This Spacious Traditional Home is a Strong Value Opportunity, listed at $610,000—positioned well below the $620,826 Fair Market Value by 1.75%. This valuation gap offers $10,826 in Instant Equity for the buyer. Featuring a Gourmet Remodeled Kitchen and a 4-bedroom layout, the property maintains a Condition Rating of 4, balancing modern upgrades with original 1960s character. With a large lot, pool, and spa, this home is an ideal acquisition for Owner-Occupants seeking value or first-time buyers ready to personalize a well-located asset.
Estimated Market Value
$599,929
Based on Realkey algorithm analyzing recent comparable sales in Carmichael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5000 Patric Way Subject | $589,000* List Price | 4 | 2 | 2,100 | $286 | - |
A 4921 Foster Way Sold | $535,570 | 3 | 2 | 1,855 | $289 | 0.4 mi |
B 5443 Bridge Creek Lane Sold | $528,000 | 3 | 2 | 1,800 | $293 | 0.9 mi |
C 5316 Engle Road Sold | $511,111 | 3 | 2 | 1,751 | $292 | 0.6 mi |
D 5128 Linda Lou Drive Sold | $551,000 | 3 | 2 | 1,673 | $329 | 0.2 mi |
E 4221 Waymar Court Active | $600,000 List Price | 4 | 3 | 2,230 | $269 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the kitchen has been high-end remodeled with hickory cabinets and quartz counters, the home is 64 years old and retains many original features. The bathrooms show original 1960s pink tile, and living areas feature dated wood paneling and popcorn ceilings. It is functional but requires significant cosmetic updates and likely system modernization to be considered move-in ready by modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10019, living area = 2100.
- Gourmet Remodeled Kitchen
The kitchen serves as the home's centerpiece, featuring a high-end AGA Legacy 6-burner gas range, Quartz Silestone countertops, and custom hickory cabinets.
- Prime Cul-de-Sac Location
Situated on a highly desirable dead-end street in the heart of Carmichael, the property offers enhanced privacy and minimal through-traffic.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2100, other record living area = 1527.
- Dated Original Elements
While the kitchen is updated, the home retains many original 1960s features that likely require further modernization and investment.
- Above-Ground Pool
The backyard features an above-ground pool rather than an in-ground one, which may be less appealing to buyers looking for a permanent or high-end landscape feature.
About 5000 Patric Way
Welcome to Patric Way, a highly desirable dead-end street in the heart of Carmichael. This home is a cook's delight, with an AGA Legacy 6-burner gas range at the center of the remodeled kitchen, Quartz Silestone counter tops, custom hickory cabinets, a see through bar to living room, and luxury plank flooring. This 4 bedroom, 2 bathroom, approximately 2100 sf home, has original hardwood flooring in selected areas. The spacious family room is perfect for entertaining with pool table and wet bar, plus wood stove for winter heating. The backyard is perfect for swimming and relaxing with an above ground pool and spa, plus large, covered patio. Close to La Sierra, California Montessori Project ( Carmichael campus), and American River College. Recent price drop allows room for you to do your own updating and new decor.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 10,019 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,100 | 1,713.891 |
| Lot Size | 10,019 | 9,593.696 |
| Price | $589.0K | $573.8K |
| Price per sq ft | $280 | $343 |
| Built year | 1960 | 1964 |
| HOA | $0 | $194 |
| Days on market | 39 | 43 |
Pricing History
Listed for Sale
Aug 21, 2026
$589,000
$610,000
-3% Price Drop
Initial Listing
Price Change
Aug 1, 2026
$610,000
Initial Listing
Sold
Apr 13, 2001
$240,000
Public Record