NOT LISTED FOR SALE

302 Reading St Folsom, CA 95630

Folsom Central Neighborhood

Estimated Value: $684,000 - $765,000

4 Beds
3 Baths
1,536 Sq Ft
$478/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $720,000 $469 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,370/month

18 Days on Market

Highlights

  • RV or Boat Parking
  • Deck
  • No HOA
  • Theodore Judah Elementary School Rated A
  • Contemporary Architecture
  • 5-minute walk to Granite Park

About This Home

As of September 2021

Great Investment Opportunity in a fantastic location. This charming triplex is located in Historic Folsom and would be great for Air BNB, tenants, commuters, and the list goes on. Featuring two one bedroom, one bath units on the lower level and one two bedroom, one bath unit that has a bonus room off of the kitchen. Come enjoy all the delights that Sutter St. offers and easy access to the light rail. There is also a 45 ft. RV parking area.

Last Agent to Sell the Property

Cassidy Rawlins

Windermere Signature Properties Auburn License #01976738 Listed on: 07/19/2021

Windermere Signature Properties Auburn

Last Buyer's Agent

Scott Spence

Spence Realty License #00866464

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,730

Year Built

  • Built in 1961

Lot Details

  • 6,151 Sq Ft Lot

Home Design

  • Triplex
  • Contemporary Architecture
  • Cottage
  • Bungalow
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Multiple Heating Units
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $2,965
  • Assessor Parcel Number 070-0094-007-0000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 3 Leased Units
  • 2 Units Leased Month-To-Month
  • Insurance Expense $1,270
  • Professional Management Expense $2,256

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,730

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Apartments
  • Property Subtype 1: Triplex
  • Stories: 2
  • Year Built: 1961
  • Architectural Style: Bungalow, Contemporary, Cottage
  • Stories: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free Standing Gas Range, Free Standing Refrigerator, Dishwasher, Disposal, Varies By Unit, Free Standing Electric Oven
  • Flooring: Carpet, Laminate, Varies by Unit
  • Price Per Square Foot: 468.75
  • Window Features: Dual Pane Full

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Disclosure Package Available, Estoppel Certificate, Preliminary Title Report, Rental/Lease Agmts, Seller Property Questionnaire, Seller Subject to TDS, Transfer Disclosure Statement
  • Foundation: Slab
  • Listing Price: 650000.00
  • Lot Features: None
  • Patio And Porch Features: Uncovered Deck, Covered Patio, Varies by Unit
  • Roof: Composition

Garage/Parking

  • Open Parking Spaces: 4
  • Parking Features: Off Street, Boat Storage, RV Storage, Uncovered, Varies by Unit
  • Total Parking Spaces: 4

Utilities

  • Security: Carbon Mon Detector, Smoke Detector
  • Sewer: In & Connected, Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Cooling: Ceiling Fan(s), Central, Wall Unit(s), Varies by Unit
  • Heating: Central, Varies by Unit, MultiUnits
  • Laundry Features: Varies by Unit, Other, Washer/Dryer Hookups
  • Water Source: Public
  • Separate Meters: None

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: R-2
  • Irrigation: None
  • Lot Size Acres: 0.1412
  • Lot Size Sq Ft: 6151

Rental Info

  • Total Deposit: 2965
  • Lease Term: Lease/Month to Month Mix
  • Total # Leasable: 3

Multi Family

  • Income Includes: Rent Only
  • Insurance Expense: 1270
  • Number of Leased Units: 3
  • Number of Month to Month Units: 2
  • Number of Units: 3
  • Units Furnished: None
  • One Bedrooms Occupied: 2
  • Two Bedrooms Occupied: 1
  • 1 Bedroom Rent Range: 915-1265
  • Two Bedroom Rent Range: 1575

Tax Info

  • Assessor Parcel Number: 070-0094-007-0000
  • Current RE Taxes: 5730
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2021
Closed on
Aug 24, 2021
Sold by
Roth Alan Blane and Roth Kathie Jane
Bought by
Markland Loren
Seller's Agent
Cassidy Rawlins
Windermere Signature Properties Auburn
Buyer's Agent
Scott Spence
Spence Realty
Sold Price
$720,000
Current Estimated Value
$705,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,396
Avg. Annual Appreciation
0.46%
Original Mortgage
$556,000
Outstanding Balance
$504,815
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$229,438

Purchase Details

Listed on
Apr 6, 2017
Closed on
May 10, 2017
Sold by
Relei Robert and Relei Colleen
Bought by
Roth Alan Blane and Roth Kathie Jane
Seller's Agent
Jeff Hoffman
Hoffman Realty Group, Inc
Buyer's Agent
Cassidy Rawlins
Windermere Signature Properties Auburn
List Price
$450,000
Sold Price
$490,000
Premium/Discount to List
$40,000
8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%

Purchase Details

Closed on
Nov 22, 2004
Sold by
Relei Robert
Bought by
Relei Robert and Relei Colleen

Purchase Details

Closed on
Jun 29, 2004
Sold by
Nevada Plus Inc
Bought by
Relei Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2004
Sold by
Relei Colleen
Bought by
Relei Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 1998
Sold by
City Of Folsom
Bought by
1-800 Go Condo Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,222
Interest Rate
6.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 1997
Sold by
Figor Donald G and Figor Gary O
Bought by
City Of Folsom
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
Markland Loren $720,000 Old Republic Title Company
Markland Loren $720,000 Old Republic Title Company
Roth Alan Blane $490,000 Placer Title Company
Relei Robert -- --
Relei Robert $360,000 Chicago Title Co
Relei Robert -- Chicago Title Co
Relei Robert E $452,000 Chicago Title Co
Relei Robert -- Chicago Title Co
1-800 Go Condo Inc $120,000 Fidelity National Title Co
City Of Folsom -- Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markland Loren $556,000
Closed Markland Loren $556,000
Previous Owner Relei Robert E $288,000
Previous Owner 1-800 Go Condo Inc $34,222
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2021 09/24/21 Sold $720,000 +15.2% $469 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/03/2021 08/03/21 For Sale -- -- --
07/22/2021 07/22/21 Pending -- -- --
07/19/2021 07/19/21 For Sale $625,000 +27.6% $407 / Sq Ft
05/24/2017 05/24/17 Sold $490,000 +8.9% $319 / Sq Ft View Prior Sale
04/26/2017 04/26/17 Pending -- -- --
04/06/2017 04/06/17 For Sale $450,000 -- $293 / 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 $8,162 $764,069 $265,302 $498,767
2024 $8,162 $749,088 $260,100 $488,988
2023 $8,017 $734,400 $255,000 $479,400
2022 $7,901 $720,000 $250,000 $470,000
2021 $5,802 $525,377 $214,439 $310,938
2020 $5,730 $519,991 $212,241 $307,750
2019 $5,635 $509,796 $208,080 $301,716
2018 $5,495 $499,800 $204,000 $295,800
2017 $4,522 $432,366 $132,110 $300,256
2016 $4,725 $423,889 $129,520 $294,369
2015 $4,566 $417,523 $127,575 $289,948
2014 $4,335 $409,345 $125,076 $284,269
Source: Public Records

Agents Affiliated with this Home

  • Cassidy Rawlins

    Seller's Agent in 2021

    Cassidy Rawlins

    Lyon Real Estate

    (916) 412-4889

    1 in this area

    34 Total Sales

    Cassidy Rawlins
    Section Image
  • Scott Spence

    Buyer's Agent in 2021

    Scott Spence

    Spence Realty

    (916) 223-1680

    1 in this area

    1 Total Sale

    Scott Spence
    Section Image
  • Jeff Hoffman

    Seller's Agent in 2017

    Jeff Hoffman

    Hoffman Realty Group, Inc

    (916) 983-7653

    2 in this area

    79 Total Sales

    Jeff Hoffman
    Section Image
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Map

Source: MetroList

MLS Number: 221087069

MetroList

APN: 070-0094-007

California Sacramento County Folsom 95630 Folsom Central

302 Reading St, Folsom, CA

Not Listed for Sale

MultiFamily

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