51 Covered Bridge Road, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 3 bath
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Carmichael, CA 95608
This Freestanding Riverwood Estate is a Prime Investment Opportunity, listed at $1,195,000—positioned well below the $1,225,267 Fair Market Value by 2%. This valuation gap offers $30,267 in Instant Equity. Boasting an Excellent Condition Rating, the residence features a Gourmet Kitchen with Wolf Appliances and significant infrastructure upgrades, including a 2024 HVAC system and 2020 Presidential Roof. With American River Views and exclusive gated amenities, this property is ideal for Owner-Occupants or Growing Families seeking a turnkey lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 51 Covered Bridge Road Subject | $1,195,000* List Price | 4 | 3 | 3,483 | $343 | - |
A 51 Covered Bridge Road Active | $1,250,000 List Price | 4 | 3 | 3,483 | $359 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1986, the property is exceptionally well-maintained with major system upgrades including a new HVAC (2024), tankless water heater (2021), and roof (2020). The interior features a move-in ready gourmet kitchen with high-end Wolf appliances and recent cosmetic updates like fresh paint and designer carpet.
As one of only 17 fee-simple properties in the prestigious Riverwood community, this freestanding home offers a unique ownership structure and privacy within a high-end, resort-style gated environment.
The property boasts significant high-value updates, including a brand-new HVAC system (2024), a Presidential roof (2020), and an electric tankless water heater (2021), minimizing immediate maintenance costs for the buyer.
Residents benefit from an exceptional lifestyle package featuring American River access, tennis and pickleball courts, two pools, and a lush urban forest setting just minutes from Ancil Hoffman Golf Course.
While the elementary school is well-rated at a 7, the assigned middle and high schools carry lower ratings of 4 and 5, which may be a concern for education-focused families.
With a nearly 3,500 square foot residence situated on a 7,841 square foot lot, the private outdoor yard space is relatively limited compared to the substantial interior living area.
New Price! Gorgeous freestanding home in the prestigious gated community of Riverwood at the American River! (One of only 17 fee simple properties in Riverwood with 89 total homes). Nestled amongst an urban forest of Coastal Redwoods and Heritage Oak trees, you'll enjoy resort style living with 2 community pools, outdoor spa, tennis and pickle ball courts, American River views and access with sprawling lawn area, year round nature and just minutes to Ancil Hoffman Golf Course. At nearly 3500 SF, this entertainer's home has vaulted ceilings, skylights, gleaming hardwood floors, new designer carpet, freshly painted white interiors including built-in cabinetry, updated double sided fireplace with stacked stone and new glass doors plus plantation shutters. The large gourmet kitchen & breakfast nook is open to the family room with a fireplace and has backyard access for dining al fresco. Formal living & dining rooms have a built-in buffet, wet bar & wine fridge with a dual sided fireplace to both rooms. 4-5 Bedrooms include a LUXE primary suite with 4 closets, dual sinks & large walk-in shower with outdoor access. There are 2 guest rooms, an office/4 bedroom plus an upstairs grand media room/ 5th bedroom. 2020 New Presidential Roof, 2021 New Electric Tankless Water Heater & 2024 New HVAC System.
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 3.6 mi
Grades 6-8 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,483 | - |
| Lot Size | 7,841 | - |
| Price | $1.20M | $576.3K |
| Price per sq ft | $343 | $376 |
| Built year | 1986 | 0 |
| HOA | $321 | $0 |
| Days on market | 85 | 35 |
Apr 29, 2026
$1,195,000
Initial Listing
Jun 14, 2021
$938,500
Public Record
Dec 18, 2020
$899,000
Public Record
Apr 23, 2013
$730,000
Public Record
Jun 30, 1998
$485,000
Public Record