NOT LISTED FOR SALE

1878 Caversham Way Folsom, CA 95630

Empire Ranch Village Neighborhood

Estimated Value: $1,152,000 - $1,351,000

5 Beds
3 Baths
3,160 Sq Ft
$399/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $1,175,000 $372 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,916/month

2 Days on Market

Highlights

  • Great Room
  • Russell Ranch Elementary School Rated A
  • Formal Dining Room

About This Home

As of October 2021

First time on the market from original owners! Folsom living at its finest in one of the city's most sought after neighborhoods. Welcome home to 1878 Caversham Way! This home has meticulously maintained and has received new interior and exterior paint within recent weeks and months. The front entry door is brand new too! Newer AC unit, water heater, and the main bedroom is located on the first floor. Enjoy sunset views from this larger than average backyard with views to Folsom Lake. Manicured landscaping in the front and back, and the lawn in the front was installed just a couple of months ago. 3-car garage and a backyard setting that is private and enjoyable with sunset nights. You won't want to miss this one. Simply a beautiful home!

Last Agent to Sell the Property

Paul Brown

GUIDE Real Estate License #01520769 Listed on: 09/08/2021

GUIDE Real Estate

Last Buyer's Agent

Jason Tien

Li Tien, Broker License #01840180

Home Details

Home Type

  • Single Family

Year Built

  • 2005

Lot Details

  • 9,583

HOA Fees

  • $48 per month

Parking

  • 3

Home Design

  • Updated or Remodeled

Interior Spaces

  • Great Room
  • Formal Dining Room

Community Details

  • Mandatory Home Owners Association

Home Details

Home Type

Single Family

Year Built

2005

Lot Details

0

HOA Fees

$48 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Subtype Description: Detached
  • Property Sub Type: Single Family Residence
  • Remodeled Updated: Yes
  • Remodeled/Updated Desc: Other-Rmks 0-5YR
  • Directions: Broadstone Parkway; (R) on Serpa Way; (L) on Caversham Way to address on the left. Lockbox is on the hose bib in the front entryway (right side).
  • Horses: No
  • Road Surface Type: Paved
  • Building Stories: 2
  • Subdivision Name: Empire Ranch
  • Special Features: None
  • Stories: 2
  • Year Built: 2005

Interior Features

  • Appliances: Gas Cook Top, Gas Water Heater, Dishwasher, Disposal
  • Fireplace Features: Living Room, Gas Piped
  • Master Bathroom Features: Shower Stall(s),Double Sinks,Soaking Tub,Tile,Walk-In Closet 2+
  • Master Bedroom Features: Ground Floor,Outside Access
  • Bathroom Features: Tile,Tub w/Shower Over
  • Bathrooms: 4.00
  • Dining Room Features: Formal Area
  • Family Room Features: Great Room
  • Kitchen Features: Breakfast Area,Slab Counter,Island w/Sink,Synthetic Counter,Kitchen/Family Combo
  • Living Room Features: Other
  • Main Level: Living Room,Dining Room,Family Room,Master Bedroom,Garage,Kitchen,Street Entrance
  • Price Per Square Foot: 371.84
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Flooring: Carpet, Tile
  • Interior Amenities: Cathedral Ceiling
  • Dining Room Type: Loft, Master Bathroom, Baths Other, Master Bedroom, Dining Room, Possible Guest, Family Room, Kitchen, Laundry, Living Room
  • Private Spa: No

Exterior Features

  • Roof: Tile
  • Foundation Details: Slab
  • Property Condition: Updated/Remodeled
  • View: Hills, Lake
  • Land Use: Residential
  • Builder Name: Elliott Homes
  • Construction Type: Stone, Stucco, Wood
  • Direction Faces: South
  • Fencing: Fenced, Full
  • Lot Features: Auto Sprinkler F&R, Curb(s)/Gutter(s), Shape Regular, Street Lights, Landscape Back, Landscape Front
  • Pool Private: No

Garage/Parking

  • Parking Features: Attached, Garage Door Opener, Garage Facing Front, Garage Facing Side
  • Driveway/Sidewalks: Sidewalk/Curb/Gutter
  • Garage Spaces: 3

Utilities

  • Cooling: Ceiling Fan(s), Central, MultiZone
  • Heating: Central, Fireplace(s), Natural Gas
  • Electric: 220 Volts
  • Laundry Features: Cabinets, Sink, Electric, Gas Hook-Up, Ground Floor, Inside Room
  • Security: Carbon Mon Detector, Security System Leased, Double Strapped Water Heater, Smoke Detector, Video System
  • Sewer: In & Connected
  • Utilities: Natural Gas Connected
  • Water Source: Meter on Site, Water District

Association/Amenities

  • Mandatory Association: Yes
  • Subdivision Developer: Elliott Homes

Condo/Co-op/Association

  • Amenities: None
  • Association Fee: 145
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: 0

Schools

  • Junior High Dist: Folsom-Cordova

Lot Info

  • Lot Size Sq Ft: 9980
  • Zoning Description: SP95-1

Tax Info

  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Oct 5, 2021
Sold by
Kingsmore Terra M and Kingsmore Michael J
Bought by
Gari Sujith Kumar Reddy Thoppi Reddy and Gari Hima Bindu
Seller's Agent
Paul Brown
GUIDE Real Estate
Buyer's Agent
Jason Tien
Li Tien, Broker
List Price
$1,125,000
Sold Price
$1,175,000
Premium/Discount to List
$50,000
4.44%
Current Estimated Value
$1,261,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,232
Avg. Annual Appreciation
1.70%
Original Mortgage
$948,000
Outstanding Balance
$864,488
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$396,744

Purchase Details

Closed on
Jan 26, 2017
Sold by
Kingsmore Terra M and Alvord Terra
Bought by
Kingsmore Terra M and Kingsmore Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,600
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2005
Sold by
Elliott Homes Inc
Bought by
Alvord Terra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$709,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gari Sujith Kumar Reddy Thoppi Reddy $1,175,000 Fidelity National Title Co
Gari Sujith Kumar Reddy Thoppi Reddy $1,175,000 Fidelity National Title Co
Kingsmore Terra M -- Placer Title Company
Alvord Terra $788,000 Stewart Title Of Sacramento
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gari Sujith Kumar Reddy Thoppi Reddy $948,000
Closed Gari Sujith Kumar Reddy Thoppi Reddy $948,000
Previous Owner Kingsmore Terra M $581,600
Previous Owner Alvord Terra $709,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2021 10/20/21 Sold $1,175,000 +4.4% $372 / Sq Ft
09/10/2021 09/10/21 Pending -- -- --
09/08/2021 09/08/21 For Sale $1,125,000 -- $356 / 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 $15,271 $1,246,918 $222,853 $1,024,065
2024 $15,271 $1,222,470 $218,484 $1,003,986
2023 $14,860 $1,198,500 $214,200 $984,300
2022 $14,685 $1,175,000 $210,000 $965,000
2021 $11,858 $903,054 $191,028 $712,026
2020 $10,738 $799,164 $169,052 $630,112
2019 $10,605 $772,140 $163,336 $608,804
2018 $10,155 $735,373 $155,559 $579,814
2017 $9,258 $687,266 $145,383 $541,883
2016 $9,230 $642,305 $135,872 $506,433
2015 $8,825 $617,602 $130,647 $486,955
2014 $8,481 $605,492 $128,085 $477,407
Source: Public Records

Agents Affiliated with this Home

  • Paul Brown

    Seller's Agent in 2021

    Paul Brown

    GUIDE Real Estate

    (916) 724-9892

    1 in this area

    39 Total Sales

    Paul Brown
    Section Image

  • J

    Buyer's Agent in 2021

    Jason Tien

    Li Tien, Broker

    (916) 375-9528

    1 in this area

    4 Total Sales

    Jason Tien
    Section Image
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Map

Source: MetroList

MLS Number: 221113933

MetroList

APN: 072-2420-004

California Sacramento County Folsom 95630 Empire Ranch Village

1878 Caversham Way, Folsom, CA

Not Listed for Sale

Detached

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