7032 E Fair Oaks Blvd #20, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 3 bath
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7032 E Fair Oaks Blvd #20
Carmichael, CA 95608
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,245Sq Ft
2,540Lot Size
Property Price
LIST PRICE$274,900
EST. MARKET VALUE
$274,900
SUMMARY
This property represents a High-Potential Investment Opportunity with a List Price of $279,900—positioned well below the $279,381 Fair Market Value (effectively at market). With a Fair Condition Rating, this 3-bedroom, 3-bath unit offers a high-utility layout and a private patio, providing excellent rental demand potential. While the $473 HOA fee warrants careful cash-flow analysis, the competitive entry-level pricing makes this an attractive asset for Buy-and-Hold Investors or first-time buyers seeking an affordable, functional entry into the Carmichael market.
Estimated Market Value
$274,900
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 |
|---|---|---|---|---|---|---|
★ 7032 E Fair Oaks Blvd #20 Subject 3 bd · 3 ba · 1,245 sqft · $221 | $274,900* List Price | 3 | 3 | 1,245 | $221 | - |
A 7032 Fair Oaks Boulevard 5 Sold 2 bd · 2 ba · 1,046 sqft · $229 · 0.0 mi | $240,000 | 2 | 2 | 1,046 | $229 | 0.0 mi |
B 3948 Park Circle Lane Sold 2 bd · 3 ba · 1,519 sqft · $194 · 0.8 mi | $295,000 | 2 | 3 | 1,519 | $194 | 0.8 mi |
C 7032 Fair Oaks Boulevard 1 Active 3 bd · 3 ba · 1,245 sqft · $241 · 0.0 mi | $299,900 List Price | 3 | 3 | 1,245 | $241 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1974, this 50-year-old property shows signs of partial cosmetic updates, specifically newer laminate flooring and neutral paint. However, it remains dated with prominent popcorn ceilings and original-style metal railings. While functional and move-in ready, the age of the structure and lack of a full modern renovation to kitchens/baths (based on visible finishes) place it in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Priced at $279,900 for a 3-bedroom, 3-bathroom unit, this property represents one of the most affordable multi-bedroom options in the Carmichael area.
- High Utility Layout
The 3-bed, 3-bath configuration within 1,245 square feet offers a high bedroom-to-bathroom ratio, providing excellent functional space for families or rental opportunities.
- Increased Buyer Leverage
With four consecutive price reductions and over 70 days on the market, the seller has demonstrated high motivation, offering buyers significant room for negotiation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2540, other record lot size in square feet = 613.
- High Monthly Carrying Costs
The $473 monthly association fee is substantial relative to the listing price, which may impact a buyer's debt-to-income ratio and overall monthly affordability.
- Market Stagnation
The extended time on market (72 days) compared to local averages suggests the property may require cosmetic updates or faces competition from more modern units in the same price bracket.
About 7032 E Fair Oaks Blvd #20
Exceptional opportunity in Carmichael. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 2,540 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $473 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,245 | 1,336.667 |
| Lot Size | 2,540 | 3,049 |
| Price | $274.9K | $284.3K |
| Price per sq ft | $221 | $243 |
| Built year | 1974 | 1986 |
| HOA | $473 | $597 |
| Days on market | 78 | 77 |
Pricing History
Listed for Sale
Oct 23, 2026
$274,900
$279,900
-2% Price Drop
Initial Listing
Price Change
Oct 7, 2026
$279,900
$284,900
-2% Price Drop
Initial Listing
Price Change
Sep 26, 2026
$284,900
$289,900
-2% Price Drop
Initial Listing
Price Change
Aug 29, 2026
$289,900
$294,900
-2% Price Drop
Initial Listing
Price Change
Aug 9, 2026
$294,900
Initial Listing
Sold
Mar 2, 2018
$204,000
Public Record
Sold
May 20, 2015
$144,500
Public Record
Sold
Apr 9, 2009
$104,500
Public Record
Sold
Feb 20, 2009
$104,500
Public Record