NOT LISTED FOR SALE

2240 Garfield Ave Carmichael, CA 95608

Carmichael Town Center Neighborhood

Estimated Value: $528,000 - $686,362

4 Beds
2 Baths
1,871 Sq Ft
$304/Sq Ft Est. Value

Last Sold August 18, 2025

Last sale price $530,000 $283 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,169/month

35 Days on Market

Highlights

  • A-Frame Home
  • No HOA
  • 1 Car Attached Garage
  • Rio Americano High School Rated A-
  • Fireplace
  • Guest Parking

About This Home

As of August 2025

RARE investment opportunity to own three adjacent duplexes on three HUGE separate parcels. Potential development opportunity to add ADUs on each of the three .38 +/- acre lots. 2bd/1ba unit duplex. All units have a single car garage and ample additional off-street parking. Strong cash flow potential. Prime Carmichael location in close proximity to public transportation, shopping and the American River Parkway. ALL THREE DUPLEXES TO BE SOLD TOGETHER. PROPERTY TO BE SOLD WITH 2246-2248 GARFIELD (MLS# 225068112) AND 2252-2254 GARFIELD (MLS# 225068159). EACH DUPLEX IS PRICED INDIVIDUALLY; REFER TO EACH LISTING.

Last Agent to Sell the Property

Tiffany Scalia

Terranova Partners License #01317078 Listed on: 05/30/2025

Co-Listed By

Nicole Goi

Terranova Partners License #01828804

Last Buyer's Agent

Lily Li

Legend Realty & Finance Group License #02036231

Legend Realty & Finance Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.38 Acre Lot
  • Landscaped

Parking

  • 1 Car Attached Garage
  • 1 Open Parking Space
  • Guest Parking
  • Off-Street Parking

Home Design

  • Duplex
  • A-Frame Home
  • Concrete Foundation
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,871 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Laundry in unit

Flooring

  • Carpet
  • Laminate
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 283-0090-035-0000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • 1 Unit Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Subtype Description: House(s)
  • Property Subtype 1: Duplex
  • Stories: 1
  • Year Built: 1957
  • Architectural Style: A-Frame
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Carpet, Laminate, Vinyl
  • Price Per Square Foot: 283.27
  • Square Footage: 1871.00

Exterior Features

  • Construction Materials: Wood Siding
  • Disclosures/Documents: Preliminary Title Report, Rental/Lease Agreement(s)
  • Foundation: Concrete
  • Home Warranty: No
  • Horse Property: No
  • Listing Price: 699950.00
  • Lot Features: Landscape Front
  • New Construction: No
  • Pool: No
  • Roof: Composition
  • Spa: No
  • Topography: Level,Level

Garage/Parking

  • Open Parking Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking Features: Attached, Off Street, Garage, Guest Parking Available
  • Total Parking Spaces: 2.00

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electric, Internet Available, Natural Gas Connected, Sewer In & Connected
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Fireplace(s), Wall Furnace
  • Laundry Features: In Each Unit
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Fee Information

  • Land Lease: No

Schools

  • Senior High School District: San Juan Unified

Lot Info

  • Zoning: RD-5
  • Irrigation: Public District
  • Lot Size Acres: 0.3800
  • Lot Size Sq Ft: 16553.00

Multi Family

  • Income Includes: ["Rent Only"]
  • Number of Leased Units: 1
  • Number of Month to Month Units: 1
  • Number of Units: 2
  • Number of Vacant Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 283-0090-035-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2025
Closed on
Aug 15, 2025
Sold by
Liu Ping
Bought by
Sha Fei
Seller's Agent
Tiffany Scalia
Terranova Partners
Buyer's Agent
Lily Li
Legend Realty & Finance Group
List Price
$699,950
Sold Price
$530,000
Premium/Discount to List
-$169,950
-24.28%
Views
43
Current Estimated Value
$569,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,341
Avg. Annual Appreciation
22.01%
Original Mortgage
$371,000
Outstanding Balance
$370,349
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$198,992

Purchase Details

Listed on
May 30, 2025
Closed on
Aug 14, 2025
Sold by
Ma & Pa Investents Inc
Bought by
Sha Fei
Seller's Agent
Tiffany Scalia
Terranova Partners
Buyer's Agent
Lily Li
Legend Realty & Finance Group
List Price
$699,950
Sold Price
$530,000
Premium/Discount to List
-$169,950
-24.28%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Outstanding Balance
$370,349
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$198,992

Purchase Details

Closed on
Jun 17, 2002
Sold by
Mayer Louis E and Mayer Mary J
Bought by
Ma & Pa Investments Inc

Purchase Details

Closed on
Jun 21, 1996
Sold by
Mayer Louis E and Mayer Mary J
Bought by
Mayer Louis E and Mayer Mary J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sha Fei -- Chicago Title Company
Sha Fei $530,000 Chicago Title Company
Ma & Pa Investments Inc -- --
Mayer Louis E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sha Fei $371,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2025 08/18/25 Sold $530,000 -24.3% $283 / Sq Ft
07/04/2025 07/04/25 Pending -- -- --
05/30/2025 05/30/25 For Sale $699,950 -- $374 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,227 $187,145 $69,676 $117,469
2024 $2,227 $183,476 $68,310 $115,166
2023 $2,192 $179,879 $66,971 $112,908
2022 $2,149 $176,353 $65,658 $110,695
2021 $2,113 $172,896 $64,371 $108,525
2020 $2,074 $171,124 $63,711 $107,413
2019 $2,033 $167,769 $62,462 $105,307
2018 $2,004 $164,481 $61,238 $103,243
2017 $1,990 $161,257 $60,038 $101,219
2016 $1,859 $158,096 $58,861 $99,235
2015 $1,870 $155,722 $57,977 $97,745
2014 $1,833 $152,673 $56,842 $95,831
Source: Public Records

Agents Affiliated with this Home

  • Tiffany Scalia

    Seller's Agent in 2025

    Tiffany Scalia

    Terranova Partners

    (916) 320-2148

    3 in this area

    39 Total Sales

    Tiffany Scalia
    Section Image
  • Nicole Goi

    Seller Co-Listing Agent in 2025

    Nicole Goi

    Terranova Partners

    (916) 468-8181

    3 in this area

    21 Total Sales

    Nicole Goi
    Section Image

  • L

    Buyer's Agent in 2025

    Lily Li

    Legend Realty & Finance Group

    (408) 637-4737

    3 in this area

    10 Total Sales

    Lily Li
    Section Image
See All Agents

Map

Source: MetroList

MLS Number: 225067991

MetroList

APN: 283-0090-035

California Sacramento County Carmichael 95608 Carmichael Town Center

2240 Garfield Ave, Carmichael, CA

Not Listed for Sale

MultiFamily

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