5058 Martin Way, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 3 bath
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5058 Martin Way
Carmichael, CA 95608
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
1,907Sq Ft
9,178Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$658,604
6% AboveMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $729,000—positioned above the $670,739 Fair Market Value. While priced for its Mint Condition Rating and comprehensive modern remodel, the property offers significant upside through its Detached Workshop with ADU Potential. The 9,178 sqft lot and versatile floor plan provide rare flexibility for a home office or income-generating unit. Located near American River College, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate comfort and long-term growth.
Estimated Market Value
$658,604
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 |
|---|---|---|---|---|---|---|
★ 5058 Martin Way Subject 4 bd · 3 ba · 1,907 sqft · $345 | $699,000* List Price | 4 | 3 | 1,907 | $345 | - |
A 5166 Kipp Way Sold 3 bd · 2 ba · 1,770 sqft · $305 · 0.6 mi | $539,000 | 3 | 2 | 1,770 | $305 | 0.6 mi |
B 6401 Teal Way Sold 3 bd · 2 ba · 1,881 sqft · $350 · 0.5 mi | $657,670 | 3 | 2 | 1,881 | $350 | 0.5 mi |
C 6224 Saint James Drive Sold 3 bd · 2 ba · 1,539 sqft · $361 · 0.2 mi | $555,000 | 3 | 2 | 1,539 | $361 | 0.2 mi |
D 6430 Sandstone Street Sold 4 bd · 2 ba · 1,639 sqft · $366 · 0.5 mi | $600,000 | 4 | 2 | 1,639 | $366 | 0.5 mi |
E 5123 Schuyler Drive Sold 3 bd · 2 ba · 1,381 sqft · $358 · 0.1 mi | $495,000 | 3 | 2 | 1,381 | $358 | 0.1 mi |
F 6100 Woodhaven Avenue Sold 4 bd · 2 ba · 1,859 sqft · $366 · 0.6 mi | $680,000 | 4 | 2 | 1,859 | $366 | 0.6 mi |
G 6417 Sandstone Street Sold 3 bd · 2 ba · 1,882 sqft · $291 · 0.4 mi | $548,000 | 3 | 2 | 1,882 | $291 | 0.4 mi |
H 6609 Penney Way Sold 3 bd · 2 ba · 1,707 sqft · $363 · 0.7 mi | $619,000 | 3 | 2 | 1,707 | $363 | 0.7 mi |
I 5106 Mckinney Way Pending 4 bd · 3 ba · 1,996 sqft · $313 · 0.1 mi | $625,000 List Price | 4 | 3 | 1,996 | $313 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1961, the property has undergone a comprehensive modern remodel within the last 5 years. It features a brand-new kitchen with contemporary appliances, fully updated bathrooms with modern tile and fixtures, new flooring, and updated lighting throughout, placing it in mint, move-in-ready condition.
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 = 9178, living area = 1907.
- ADU & Income Potential
The detached workshop equipped with water and power provides a rare opportunity to create a legal ADU, guest suite, or rental unit, offering significant value-add potential.
- Turnkey Modernization
This residence is fully remodeled and move-in ready, featuring a contemporary kitchen with brand-new appliances and refreshed landscaping that ensures immediate curb appeal.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Lower-Rated Elementary Schools
The nearest elementary schools, Coyle Avenue and Charles Peck, both carry a rating of 3, which may be a concern for families prioritizing top-tier educational districts.
- Vintage Infrastructure
Despite the extensive remodel, the property was originally built in 1961, meaning some underlying structural or utility components may reflect the standards of that era.
About 5058 Martin Way
Unlock immediate comfort and incredible future potential at 5058 Martin Way. This fully remodeled, move-in-ready residence balances stylish everyday living with rare, high-value flexibility. The thoughtful floor plan features a spacious upstairs primary suite, a modern kitchen with brand-new appliances, and an oversized second-floor playroom ready to adapt into your ideal home office, gym, or media room. The true highlight lies just beyond the back door: a detached workshop already equipped with water and power. With local permit approval, this versatile structure offers an exceptional opportunity to create an ADU, income-generating rental, private studio, or guest suite. Complete with a generous backyard and beautifully refreshed front-yard landscaping, the property offers attractive curb appeal and plenty of outdoor space to enjoy. Ideally located just six minutes from American River College and minutes from local shopping, dining, and major highways, this home delivers the perfect combination of comfort, convenience, and future potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 9,178 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Carmichael Unified Schools
Charles Peck Elementary School
Grades K-5 • 0.3 mi
3/10
Coyle Avenue Elementary School
Grades K-5 • 0.8 mi
3/10
Harry Dewey Fundamental Elementary School
Grades K-6 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,907 | 1,856.281 |
| Lot Size | 9,178 | 9,971.489 |
| Price | $699.0K | $608.9K |
| Price per sq ft | $367 | $347 |
| Built year | 1961 | 1964 |
| HOA | $0 | $192 |
| Days on market | 40 | 48 |
Pricing History
Listed for Sale
Sep 24, 2026
$699,000
$729,000
-4% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$729,000
Initial Listing