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51 Covered Bridge Road, Carmichael, CA 95608, Carmichael, 95608 - 4 bed, 3 bath

51 Covered Bridge Road, Carmichael, CA 95608 home-pic-0
ACTIVE$1,250,000
51 Covered Bridge Road, Carmichael, CA 95608
4Beds
3Baths
3,483Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($1,186,785.515) is $63,214.485 (5%) lower than the list price ($1,250,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exclusive Gated Community & Natural Setting: Located in the prestigious Riverwood gated community, nestled amongst Coastal Redwoods and Heritage Oak trees, offering American River views and access.
Top Cons:
High Monthly Association Fee: A monthly association fee of $321 adds a significant recurring cost to homeownership, which may deter some buyers.

Compared to the nearby listings

Price:$1.25M vs avg $529.0K (+$721,000)94%
Size:3,483 sqft vs avg 1,783 sqft91%
Price/sqft:$359 vs avg $32272%

More Insights

Built in 1986 (39 years old).
Condition: Despite being built in 1986, this property has undergone extensive and high-quality renovations within the last 5 years. Key updates include a new HVAC system (2024), electric tankless water heater (2021), and Presidential roof (2020). The interior boasts new designer carpet, freshly painted white interiors, gleaming hardwood floors, and updated fireplaces. The kitchen is a large gourmet space with modern white shaker cabinets, stone countertops, and stainless steel appliances, including a professional-style range. Bathrooms, especially the primary suite, feature modern fixtures, dual sinks, and large walk-in showers, reflecting a luxurious and updated style. All major systems are new or virtually new, and the aesthetic meets current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Year Built
1986
Close
-
List price
$1.25M
Original List price
-
Price/Sqft
$359
HOA
$321
Days on market
-
Sold On
-
MLS number
225094869
Home ConditionExcellent
Features
Good View:
Patio
View-

About this home

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.

Nearby schools

7/10
Mary Deterding Elementary School
Public,•K-6•1.2mi
7/10
Harry Dewey Fundamental Elementary School
Public,•K-6•3.6mi
4/10
John Barrett Middle School
Public,•6-8•2.5mi
5/10
Del Campo High School
Public,•9-12•3.5mi

Price History

Date
Event
Price
06/30/98
Sold
$485,000
06/14/21
Sold
$938,500
12/18/20
Sold
$899,000
04/23/13
Sold
$730,000
Condition Rating
Excellent
Despite being built in 1986, this property has undergone extensive and high-quality renovations within the last 5 years. Key updates include a new HVAC system (2024), electric tankless water heater (2021), and Presidential roof (2020). The interior boasts new designer carpet, freshly painted white interiors, gleaming hardwood floors, and updated fireplaces. The kitchen is a large gourmet space with modern white shaker cabinets, stone countertops, and stainless steel appliances, including a professional-style range. Bathrooms, especially the primary suite, feature modern fixtures, dual sinks, and large walk-in showers, reflecting a luxurious and updated style. All major systems are new or virtually new, and the aesthetic meets current quality standards, indicating no deferred maintenance and minimal physical depreciation.
Pros & Cons

Pros

Exclusive Gated Community & Natural Setting: Located in the prestigious Riverwood gated community, nestled amongst Coastal Redwoods and Heritage Oak trees, offering American River views and access.
Resort-Style Amenities: Residents enjoy resort-style living with access to 2 community pools, an outdoor spa, tennis, and pickleball courts.
Extensive Recent Capital Upgrades: Significant updates include a new Presidential Roof (2020), Electric Tankless Water Heater (2021), and HVAC System (2024), minimizing immediate major maintenance concerns.
Spacious & Luxuriously Appointed Interior: Nearly 3500 sqft with vaulted ceilings, skylights, gleaming hardwood floors, new designer carpet, fresh paint, built-in cabinetry, updated fireplaces, and a large gourmet kitchen.
Flexible Floor Plan & Primary Suite: Offers a versatile 4-5 bedroom layout, including a 'LUXE' primary suite with four closets and a large walk-in shower, plus an office/4th bedroom and a grand media room/5th bedroom.

Cons

High Monthly Association Fee: A monthly association fee of $321 adds a significant recurring cost to homeownership, which may deter some buyers.
Potential Overpricing: The current listing price of $1.25M is 5% higher than the estimated property value of $1.186M, potentially impacting market competitiveness and buyer interest.
Age of Original Construction: Built in 1986, the underlying structure and some original components are nearly 40 years old, which could lead to unforeseen maintenance needs in the long term despite recent major system upgrades.

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