When Dan Carmichael founded this community at the turn of the 20th century, he described a landscape of rolling hills, wooded lots and streams. As it turns out, not much has changed in Carmichael. Though it is now a community of approximately 54,000 residents, Carmichael still boasts wide-open spaces and scenic landscapes. The local government maintains about 200 acres of recreation area, half of which is undeveloped. Just adjacent to Carmichael is the American River Parkway, a 23-mile wildlife and recreation area. Although Carmichael has a distinctly rural feel to it, the community is only about 10 miles northeast of Sacramento, the state?s capital.
Tucked away between Interstate 80 and U.S. Route 50, Carmichael offers the best of urban and rural living. Carmichael real estate options include single-family detached homes, estate properties, townhouses, condominiums and land lots. Industries that provide employment in Carmichael include educational, health and social services, professional, scientific, management, administrative and waste management services, retail trade, finance, insurance, real estate including rental and leasing, and public administration.
The California State Capitol Museum, Indian Museum and Railroad Museum are popular for visitors and Carmichael residents. In addition, there are at least five state historic parks, including Old Sacramento and Sutter?s Fort, within 10 miles of Carmichael. Carmichael students grades K-12 are served by the nationally-recognized San Juan Unified School District which was selected as one of the top districts in the nation by Money Magazine. Several colleges and universities are also in proximity for those who wish to obtain a degree in higher education.
First-time homebuyers, move-up buyers, and investors will quickly understand the charm of the wonderful community of Carmichael, California. Residential neighborhoods commonly consist of single-family detached homes on big grassy lots with a fair share of natural trees and shrubs. Large ranch homes are popular, but other styles are available. Single-family detached homes in Carmichael, CA are priced starting in the low $100,000s. Beautiful Carmichael estate properties with spacious lots and swimming pools start in the high $590,000s and can range up to $2 million for luxury estates. Selections of condominiums and townhouses in Carmichael have price points starting from the low $80,000s to the $170,000s. Land, lots, and estate properties are also available providing custom home development opportunities in Carmichael, California.
Carmichael Real Estate Stats and Trends for the week of October 23rd, 2019: homes priced around $564,423 compared to $556,110 the previous week, showing a increase of more than +1%. For Wednesday, October 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.