10480 Lee Settlement Rd Folsom, LA 70437
Estimated payment $1,179/month
Highlights
- Jetted Tub in Primary Bathroom
- Central Heating and Cooling System
- Property has 1 Level
- Folsom Junior High School Rated A
- Property is in very good condition
About This Home
MAY QUALIFY FOR 3.5% DOWN FHA LOAN! Unlock the potential of this versatile investment in the heart of Folsom, Louisiana. Situated on a 5-acre lot, this charming 4-bedroom, 2-bathroom mobile home offers a rare combination of rental income opportunity, land value, and long-term investment potential. If you're looking to generate steady cash flow through long-term rental this property is has a tenant already in place and positioned to start producing income. This well-maintained home features a spacious open floor plan with a large living area, functional kitchen, and a private primary suite with an en-suite bath.
This property combines the serenity of country living with close proximity to amenities in Folsom and Covington. Utilities are already in place, and the property has plenty of potential for additional development of outdoor amenities. If you are looking to start generating cash flow on day one, this one's for you!
Property Details
Home Type
- Modular Prefabricated Home
Est. Annual Taxes
- $926
Year Built
- Built in 2000
Lot Details
- Lot Dimensions are 150x410x784x150x749x668
- Property is in very good condition
Parking
- Driveway
Home Design
- Single Family Detached Home
- Modular Prefabricated Home
- Raised Foundation
- Metal Roof
- Vinyl Siding
- Modular or Manufactured Materials
Interior Spaces
- 2,052 Sq Ft Home
- Property has 1 Level
- Window Screens
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
- Jetted Tub in Primary Bathroom
Location
- Outside City Limits
Utilities
- Central Heating and Cooling System
- Well
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 17041
Community Details
Overview
- Not A Subdivision
Pet Policy
- Breed Restrictions
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $926 | $4,096 | $1,126 | $2,970 |
| 2023 | $526 | $4,127 | $1,127 | $3,000 |
| 2022 | $0 | $4,127 | $1,127 | $3,000 |
| 2021 | $575 | $4,127 | $1,127 | $3,000 |
| 2020 | $576 | $4,127 | $1,127 | $3,000 |
| 2019 | $646 | $4,501 | $645 | $3,856 |
| 2018 | $646 | $4,374 | $518 | $3,856 |
| 2017 | $658 | $4,374 | $518 | $3,856 |
| 2016 | $661 | $4,374 | $518 | $3,856 |
| 2015 | $649 | $4,226 | $500 | $3,726 |
| 2014 | $644 | $4,226 | $500 | $3,726 |
| 2013 | $641 | $4,226 | $500 | $3,726 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/04/2025 10/04/25 | Off Market | -- | -- | -- | |
| 10/03/2025 10/03/25 | For Sale | $210,000 | 0.0% | $102 / Sq Ft | |
| 09/24/2025 09/24/25 | Rented | $1,400 | 0.0% | -- | |
| 09/11/2025 09/11/25 | For Sale | $210,000 | +14900.0% | $102 / Sq Ft | |
| 09/10/2025 09/10/25 | Pending | -- | -- | -- | |
| 08/07/2025 08/07/25 | For Rent | $1,400 | 0.0% | -- | |
| 04/04/2025 04/04/25 | For Sale | $210,000 | 0.0% | $102 / Sq Ft | |
| 03/07/2024 03/07/24 | Rented | $1,200 | 0.0% | -- | |
| 03/05/2024 03/05/24 | Under Contract | -- | -- | -- | |
| 03/05/2024 03/05/24 | For Rent | $1,200 | 0.0% | -- | |
| 03/01/2024 03/01/24 | Sold | -- | -- | -- | View Prior Sale |
| 03/01/2024 03/01/24 | For Sale | $165,000 | -- | $80 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $165,000 | Geaux Title | |
| Deed | $38,793 | Geaux Title |
Source: ROAM MLS
MLS Number: 2495019
APN: 17041
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