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3125 Colorado Street, Carmichael, CA 95608, Carmichael, 95608 - 3 bed, 2 bath

3125 Colorado Street, Carmichael, CA 95608 home-pic-0
ACTIVE$749,000
3125 Colorado Street, Carmichael, CA 95608
3Beds
2Baths
1,783Sqft
30,928Lot

Price Vs. Estimate

The estimated value ($741,740.13) is $7,259.87 (0%) lower than the list price ($749,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30928, living area = 1783.
Top Cons:
Age of Core Structure: Built in 1960, while updated, the property's underlying infrastructure (e.g., plumbing, electrical, roof) may still be original or older, potentially leading to future maintenance or upgrade costs.

Compared to the nearby listings

Price:$749.0K vs avg $529.0K (+$220,000)80%
Size:1,783 sqft vs avg 1,783 sqft50%
Price/sqft:$420 vs avg $32289%

More Insights

Built in 1960 (65 years old).
Condition: The property, built in 1960, has undergone significant recent updates, making it move-in ready. The kitchen features modern white and sage green shaker cabinets, new stainless steel appliances (gas range, refrigerator, dishwasher), and clean countertops, suggesting a renovation within the last 5-10 years. While the multi-toned tile flooring in the kitchen is a bit dated in style, it appears well-maintained. The bathrooms are clean and functional, though the vanity and lighting fixtures appear to be from an older renovation (likely 10-15 years ago) rather than brand new. Other areas show updated light wood laminate flooring and fresh paint. Overall, the home is well-maintained with substantial updates, aligning with the 'Good' condition criteria of being move-in ready with no immediate renovation required, and major systems functional, despite some components not being part of a full recent renovation.
Year Built
1960
Close
-
List price
$749K
Original List price
-
Price/Sqft
$420
HOA
$0
Days on market
-
Sold On
-
MLS number
225036653
Home ConditionGood
Features
Deck
View-

About this home

Welcome to your dream home, a beautifully updated 3-bedroom, 2-bathroom retreat on a sprawling lot in Carmichael that offers both privacy and convenience! Come inside to find updates throughout, along with a large primary walk-in closet, and plenty of storage. Tucked away on a quiet road, this beautiful home sits on a spacious lot offering endless opportunities. The property is zoned for RE5, which allows 5 dwellings per acre, which if approved by the County of Sacramento, would allow 3 houses and 3 additional dwelling units. There could also be a potential 2nd access to the property from Manand Street. Whether you're dreaming of a garden, outdoor entertainment space, or even future expansion, this property has the room to make it happen. The expansive driveway provides ample parking for multiple vehicles, including additional space for an RV and a boat. Enjoy peaceful surroundings while still being close to everything you need the perfect blend of peace, space, and potential, this home is truly a rare find. If you've been searching for a home that offers both tranquility and room to grow, this is it!

Price History

Date
Event
Price
11/21/23
Sold
$650,000
Condition Rating
Good
The property, built in 1960, has undergone significant recent updates, making it move-in ready. The kitchen features modern white and sage green shaker cabinets, new stainless steel appliances (gas range, refrigerator, dishwasher), and clean countertops, suggesting a renovation within the last 5-10 years. While the multi-toned tile flooring in the kitchen is a bit dated in style, it appears well-maintained. The bathrooms are clean and functional, though the vanity and lighting fixtures appear to be from an older renovation (likely 10-15 years ago) rather than brand new. Other areas show updated light wood laminate flooring and fresh paint. Overall, the home is well-maintained with substantial updates, aligning with the 'Good' condition criteria of being move-in ready with no immediate renovation required, and major systems functional, despite some components not being part of a full recent renovation.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30928, living area = 1783.
Exceptional Development Potential: The property's RE5 zoning allows for significant density, potentially accommodating up to 3 houses and 3 additional dwelling units, offering substantial investment and expansion opportunities subject to county approval.
Expansive & Versatile Lot: A sprawling 30,928 sqft lot provides ample space for outdoor living, gardening, future expansion, and practical amenities like RV/boat parking.
Recently Updated Interior: The home features recent updates throughout, including a large primary walk-in closet, ensuring a modern and comfortable living experience for immediate occupancy.
Private & Convenient Location: Tucked away on a quiet road, the property offers peaceful surroundings while maintaining convenient access to local amenities.
No HOA Fees: The absence of an association fee reduces ongoing ownership costs, enhancing affordability and financial flexibility for the homeowner.

Cons

Age of Core Structure: Built in 1960, while updated, the property's underlying infrastructure (e.g., plumbing, electrical, roof) may still be original or older, potentially leading to future maintenance or upgrade costs.
Uncertainty of Development Approval: The significant development potential is contingent on approval from the County of Sacramento, introducing a level of risk and potential delays for buyers looking to capitalize on the zoning.
Recent Price Appreciation: A notable price increase from its recent sale at $650,000 to the current list price of $749,000 in a relatively short period may require strong justification to potential buyers and appraisers.

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