NOT LISTED FOR SALE

Estimated Value: $464,552 - $521,000

2 Beds
2 Baths
1,427 Sq Ft
$347/Sq Ft Est. Value

Last Sold June 17, 2019

Last sale price $365,000 $256 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,187/month

9 Days on Market

Highlights

  • Fitness Center
  • Pool and Spa
  • Property is near a clubhouse
  • Russell Ranch Elementary School Rated A
  • Clubhouse
  • Loft

About This Home

As of June 2019

Fabulous Empire Ranch Condo in the gated Madrone community of Folsom. Highly desirable 2bd/2ba condo + loft/office. Kitchen opens to dining/living rooms with soaring ceilings and plenty of natural light. Features carpet/tile flooring, granite counters, dual pane windows, and attached garage with direct access into home. Club house, pool, and exercise room are all included in HOA. Don't miss this rare opportunity to own a home in this highly desired area close to schools, shopping, Lake/trails and easy access to HW 50.

Last Agent to Sell the Property

William Scott

Fathom Realty Group, Inc. License #01450139 Listed on: 05/09/2019

Fathom Realty Group, Inc.

Last Buyer's Agent

Madison Fairchild

Coldwell Banker Realty License #02032422

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,585

Year Built

  • Built in 2007

HOA Fees

  • $242 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Property Attached
  • Slab Foundation
  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,427 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room
  • Formal Dining Room
  • Loft
  • Carpet

Kitchen

  • Free-Standing Gas Range
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • 220 Volts In Laundry
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Pool and Spa
  • Gunite Pool

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • 220 Volts in Kitchen
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Deck
  • Property is near a clubhouse

Listing and Financial Details

  • Assessor Parcel Number 072-2830-003-0007

Community Details

Overview

  • Association fees include trash
  • Madrone/Empire Ranch Subdivision
  • Greenbelt

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,585

Year Built

Built in 2007

Lot Details

0

HOA Fees

$242 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Subtype Description: Attached
  • Property Subtype 1: Condominium
  • Remodeled Updated: No
  • Stories: 2
  • Year Built: 2007
  • Subdivision: Madrone/Empire Ranch
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Gas Range, Gas Water Heater, Plumbed For Ice Maker
  • Fireplace Features: Gas Log, Gas Piped, Living Room
  • Fireplaces: 1
  • Flooring: Carpet, Linoleum/Vinyl
  • Possible Bedrooms: 3
  • Master Bathroom Features: Tub w/Shower Over
  • Master Bedroom Features: Walk-In Closet
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 2.00
  • Dining Room Features: Formal Area
  • Kitchen Features: Granite Counter,Pantry Closet
  • Room Type: Baths Other, Dining Room, Living Room, Loft, Master Bathroom, Master Bedroom
  • Main Level: Bedroom(s),Full Bath(s)
  • Price Per Square Foot: 255.78
  • Square Footage: 1427
  • Window Features: Dual Pane Full, Window Coverings

Exterior Features

  • Construction Materials: Frame, Stucco, Wood
  • Disclosures/Documents: CC&Rs
  • Fencing: Other
  • Foundation: Slab
  • Listing Price: 370000.00
  • Lot Features: Close to Clubhouse
  • Patio And Porch Features: Covered Deck
  • Pool Features: Gunite Construction, Pool/Spa Combo
  • Pool: Yes
  • Road Surface Type: Paved
  • Roof: Tile
  • View Description: Special

Garage/Parking

  • Garage Spaces: 1
  • Driveway/Sidewalks: Sidewalk/Curb/Gutter

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected
  • Utilities: Cable Available, Internet Available, Natural Gas Connected
  • Cooling: Ceiling Fan(s), Central
  • Electric: 220 Volts, 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating: Central, Natural Gas
  • Laundry Features: Gas Hook-Up, Inside Room
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Barbeque, Clubhouse, Exercise Room, Pool, Spa/Hot Tub, Other
  • Association Fee: 242
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Trash
  • Association: Yes

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: R-4 PD
  • Irrigation: Public District

Tax Info

  • Assessor Parcel Number: 072-2830-003-0007
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Jun 10, 2019
Sold by
Menon Vivek and Menon Lakshmi Vivek
Bought by
Hom Tony L and Hom Michele L
Seller's Agent
William Scott
Fathom Realty Group, Inc.
Buyer's Agent
Madison Fairchild
Coldwell Banker Realty
List Price
$370,000
Sold Price
$365,000
Premium/Discount to List
-$5,000
-1.35%
Current Estimated Value
$482,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,986
Avg. Annual Appreciation
5.05%
Original Mortgage
$346,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2016
Closed on
May 18, 2016
Sold by
Gaedtke Janice M
Bought by
Menon Vivek and Menon Lakshmi Vivek
Seller's Agent
Manny Cazares
eXp Realty of California, Inc.
Buyer's Agent
Chuck Klein
Grace Lending Corp
List Price
$299,900
Sold Price
$305,000
Premium/Discount to List
$5,100
1.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$289,750
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2014
Sold by
Gaedtke Janice M and Macdowell Janice
Bought by
Gaedtke Janice M

Purchase Details

Closed on
Jun 2, 2010
Sold by
Cima Ruth E
Bought by
Macdowell Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,209
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2008
Sold by
Madrone Attached Homes Lp
Bought by
Cima Ruth E
Source: Public Records

Range of Values:

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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
Hom Tony L $365,000 Fidelity National Title Co
Menon Vivek $305,000 Fidelity National Title Co
Gaedtke Janice M -- None Available
Macdowell Janice $210,000 Fidelity National Title Co
Cima Ruth E $220,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hom Tony L $350,000
Closed Hom Tony L $346,750
Previous Owner Menon Vivek $283,500
Previous Owner Menon Vivek $289,750
Previous Owner Macdowell Janice $207,209
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2019 06/17/19 Sold $365,000 -1.4% $256 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $370,000 +21.3% $259 / Sq Ft
07/06/2016 07/06/16 Sold $305,000 +1.7% $214 / Sq Ft
05/29/2016 05/29/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $299,900 -- $210 / 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 $4,585 $407,160 $145,015 $262,145
2024 $4,585 $399,177 $142,172 $257,005
2023 $4,481 $391,351 $139,385 $251,966
2022 $4,420 $383,678 $136,652 $247,026
2021 $4,367 $376,156 $133,973 $242,183
2020 $4,322 $372,300 $132,600 $239,700
2019 $3,826 $317,322 $104,040 $213,282
2018 $3,739 $311,100 $102,000 $209,100
2017 $3,508 $305,000 $100,000 $205,000
2016 $2,871 $228,980 $65,422 $163,558
2015 $2,785 $225,542 $64,440 $161,102
2014 $2,660 $221,125 $63,178 $157,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 19031618

MetroList

APN: 072-2830-003-0007