
Carmichael, CA 95608
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $675,000—positioned well above the $655,095 Fair Market Value by -3%. Featuring a Fair Condition Rating, the property offers significant upside for buyers willing to modernize the original 1992 finishes. Key assets include a three-car garage with pull-through access and a private backyard with a pergola. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic cosmetic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5508 Coronawood Lane Subject | $675,000* List Price | 4 | 3 | 2,415 | $271 | - |
A 5514 Delrose Court Sold | $743,300 | 3 | 2 | 2,609 | $285 | 0.4 mi |
B 5144 Whisper Oaks Lane Sold | $648,000 | 4 | 2 | 1,986 | $326 | 0.9 mi |
C 5316 Engle Road Sold | $511,111 | 3 | 2 | 1,751 | $292 | 0.9 mi |
D 5242 Wyndham Oak Lane Sold | $601,000 | 3 | 2 | 1,854 | $324 | 0.8 mi |
E 5407 Lequel Way Sold | $549,950 | 3 | 2 | 1,668 | $330 | 0.8 mi |
F 3032 Valasstrada Court Active | $685,000 List Price | 4 | 3 | 2,366 | $290 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, the property is over 30 years old and remains largely in its original condition. While the listing describes it as impeccably maintained and move-in ready, the kitchen and bathrooms feature dated oak cabinetry, white tile countertops, and wallpaper consistent with the year of construction. Per the criteria, its age and need for cosmetic updates to the primary systems and surfaces classify it as Fair.
The inclusion of a downstairs bedroom and full bathroom provides essential flexibility for multi-generational living, guests, or a dedicated home office.
The true three-car garage features rare pull-through access, offering superior storage options and versatility for a workshop, home gym, or recreational vehicles.
Located within the well-maintained Tapestry Greens gated community, the property offers enhanced privacy, security, and a quiet residential atmosphere.
With original 1992 finishes and a description suggesting 'updating over time,' buyers should anticipate additional capital expenditure for kitchen and bathroom renovations.
While the elementary school is well-rated, the assigned middle and high schools have lower ratings (4 and 5 respectively), which may be a concern for education-focused families.
Tucked inside a beautifully maintained gated Carmichael community, 5508 Coronawood Lane is an immaculately cared-for 4 bedroom, 3 full bathroom home offering generous space, wonderful natural light and the flexibility to enjoy today while updating over time. Soaring ceilings, an abundance of windows and plantation shutters create a bright, elevated feel throughout the main living spaces. At the heart of the home, the expansive kitchen delivers seemingly endless cabinetry, abundant storage and an easy connection to the breakfast nook and inviting family room with a cozy fireplace. A downstairs bedroom and full bath add valuable flexibility for guests, a home office or extended stays. Upstairs, the spacious primary suite features coffered ceilings, backyard views and an oversized ensuite with a soaking tub, separate shower, expansive vanity and generous walk-in closet. Two additional bedrooms share a convenient Jack-and-Jill bath, while one offers vaulted ceilings and its own walk-in closet. Outside, the private backyard is designed for both relaxation and entertaining, with lush greenery, lawn, a pergola and a covered patio offering multiple shaded gathering spaces. A true three-car garage with pull-through access creates even more possibilities for vehicles, recreation, storage, a home gym, workshop or game space. Move-in ready, impeccably maintained and full of potential, this Carmichael gem is ready for its next chapter. Enjoy the sense of privacy & security that comes with gated-community living while remaining close to Carmichael's schools, parks, shopping, dining, & everyday conveniences.
No exterior & parking available.
Grades K-6 • 0.6 mi
Grades K-6 • 3.0 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,415 | 1,713.891 |
| Lot Size | 7,092 | 9,593.696 |
| Price | $675.0K | $573.8K |
| Price per sq ft | $280 | $343 |
| Built year | 1992 | 1964 |
| HOA | $128 | $194 |
| Days on market | 48 | 43 |
Jul 23, 2026
$675,000
Initial Listing
Nov 23, 1992
$267,000
Public Record