76 Riverknoll Place, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 4 bath
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Carmichael, CA 95608
This Spacious Multi-Level Residence is a High-Potential Investment Opportunity, listed at $550,000—positioned well below the $688,413 Fair Market Value by 20%. This significant valuation gap provides $138,413 in Instant Equity. Boasting a Move-in Ready Condition Rating, the interior features an updated kitchen with stone countertops and a unique enclosed atrium. Residents enjoy a forested greenbelt view and premier amenities within the gated Riverwood community, including pools and tennis courts. Located near top-rated elementary schools, this is an exceptional acquisition for Owner-Occupants seeking value or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 76 Riverknoll Place Subject | $545,000 | 3 | 4 | 2,342 | $294 | - |
A 5927 Sarah Court Sold | $420,000 | 2 | 2 | 1,508 | $279 | 0.1 mi |
B 80 Riverknoll Place Pending | $594,000 List Price | 2 | 3 | 2,150 | $276 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 1977, the interior has undergone significant updates, particularly in the kitchen which features stainless steel appliances, stone countertops, and white cabinetry. The bathrooms have also been updated with modern vanities and stone tops. The flooring appears to be a mix of updated laminate and tile. While the 1970s architectural style is preserved in the vaulted wood-beam ceilings, the overall condition of the finishes and systems appears to be within their functional lifespan with no immediate repairs required.
Located in the desirable Riverwood community, residents enjoy a park-like setting with access to two sparkling pools, tennis courts, and serene walking paths beneath a mature tree canopy.
The 2,342-square-foot interior features a unique enclosed atrium and a remote bedroom with a private bath, offering ideal flexibility for a guest suite, home office, or fitness studio.
Expansive windows and dual skylights throughout the multiple levels create a bright, airy atmosphere that seamlessly connects the indoor living spaces with the lush surrounding foliage.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 2342.
The monthly HOA fee of $517 represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for prospective buyers.
The use of photos from previous staging rather than current images, combined with a history of price reductions, suggests the property's present condition may require updates or repairs not immediately visible online.
HUGE PRICE REDUCTION! Come and experience the tranquil setting of the Riverwood gated community in the heart of Carmichael where nature and comfort blend effortlessly. This inviting 3-bedroom, 3.5-bath home is surrounded by lush foliage and mature trees, offering a peaceful retreat from the everyday. Natural light fills the interior through expansive windows and two skylights, creating a bright, airy atmosphere throughout the home's multiple levels. The main level features the kitchen, dining, and living areas a seamless space designed for easy living and effortless entertaining. An enclosed atrium provides a serene connection between the main living area and a remote bedroom with its own bath perfect for guests, a quiet home office, or a personal yoga or fitness room. Life in Riverwood offers more than just a home it's a lifestyle. Enjoy leisurely afternoons by one of the community's two sparkling pools, friendly matches on the tennis courts, and peaceful walks beneath the canopy of trees that surround this beautiful neighborhood. Experience the perfect blend of light, comfort, and tranquility in one of Carmichael's most desirable gated communities welcome home to Riverwood (Photos shown are from previous staging.)
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades K-6 • 3.6 mi
Grades 6-8 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 95% |
| Square foot | 2,342 | 1,707 | 86% |
| Lot Size | 1,742 | 9,583 | 2% |
| Price | $545.0K | $567.5K | 42% |
| Price per sq ft | $233 | $361 | 4% |
| Built year | 1977 | 1963 | 77% |
| HOA | $517 | $0 | 98% |
| Days on market | 188 | 167 | 60% |
Oct 16, 2025
$550,000
Initial Listing
Apr 3, 2019
$464,000
Public Record
Mar 26, 2018
$509,000
Public Record
Mar 5, 2014
$399,000
Public Record