Seller's Agent in 2023
Zulli Bereket-Ab
Nick Sadek Sotheby's International Realty
(916) 316-8792
1 in this area
3 Total Sales
407 Serpa Way Folsom, CA 95630
Broadstone NeighborhoodEstimated Value: $1,843,163 - $1,874,000
5
Beds
4
Baths
4,293
Sq Ft
$434/Sq Ft
Est. Value
Highlights
- Pool and Spa
- Panoramic View
- Fireplace in Primary Bedroom
- Russell Ranch Elementary School Rated A
- Built-In Refrigerator
- Contemporary Architecture
About This Home
As of October 2023Discover the epitome of luxury in Terrazzo Estates, Folsom. This 5-bed, 4-bath home atop a hill offers panoramic city and hillside views. Enjoy sunsets from the covered patio, accessible from the master, living room, and chef's kitchen. High ceilings, travertine flooring, and expansive windows create grandeur. The main floor boasts a dream master suite, formal dining with a fireplace, a Monogram-equipped Chef's Kitchen, and a laundry room leading to a 3-car garage. The lower level features a bar-style family room, a secondary master, two bedrooms, and baths. Step outside to an oasis with a resort-style pool and spa. Conveniently located near top schools, parks, trails, and Palladio Shopping Center, this home combines luxury and accessibility. Easy highway access makes commuting a breeze. Don't miss this extraordinary home where luxury meets beauty.
Last Agent to Sell the Property
Nick Sadek Sotheby's International Realty License #01467596 Listed on: 09/13/2023
Home Details
Home Type
- Single Family
Year Built
- Built in 2009
Lot Details
- 0.29 Acre Lot
- Gated Home
- Wood Fence
- Back Yard Fenced
- Landscaped
- Private Lot
- Sprinklers on Timer
- Zoning described as SP95-1
Parking
- 3 Car Attached Garage
- Front Facing Garage
- Garage Door Opener
Property Views
- Panoramic
- Downtown
Home Design
- Contemporary Architecture
- Slab Foundation
- Tile Roof
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- 4,293 Sq Ft Home
- 2-Story Property
- Wet Bar
- Ceiling Fan
- Formal Entry
- Family Room with Fireplace
- 3 Fireplaces
- Great Room
- Living Room
- Dining Room
Kitchen
- Double Oven
- Built-In Gas Range
- Microwave
- Built-In Refrigerator
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Fireplace in Primary Bedroom
- 4 Full Bathrooms
- In-Law or Guest Suite
Laundry
- Laundry Room
- Sink Near Laundry
- Laundry Cabinets
- Gas Dryer Hookup
Home Security
- Prewired Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Pool
- Pool and Spa
- In Ground Pool
- Poolside Lot
Outdoor Features
- Balcony
- Covered Patio or Porch
Utilities
- Multiple cooling system units
- Central Heating and Cooling System
- Multiple Heating Units
- 220 Volts
- Natural Gas Connected
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Terrazzo Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 072-2760-022-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2023
Closed on
Oct 16, 2023
Sold by
Kebede Family Trust
Bought by
Shanmugam Malathi and Bedi Navin
Seller's Agent
Zulli Bereket-Ab
Nick Sadek Sotheby's International Realty
Buyer's Agent
Fran Cammarota
GUIDE Real Estate
List Price
$1,725,000
Sold Price
$1,785,000
Premium/Discount to List
$60,000
3.48%
Views
38
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,054
Avg. Annual Appreciation
1.83%
Original Mortgage
$1,428,000
Outstanding Balance
$1,398,610
Interest Rate
7.12%
Mortgage Type
Construction
Estimated Equity
$463,444
Purchase Details
Closed on
May 24, 2016
Sold by
Kebede Libona
Bought by
The Kebede Family Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,000
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 18, 2013
Sold by
Kebede Libona
Bought by
Kebede Libona
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,410
Interest Rate
3.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 2, 2009
Sold by
Kebede Libona and Kebede Heroui
Bought by
The Kebede Family Trust
Purchase Details
Closed on
Apr 16, 2009
Sold by
Gold Country Bank Na
Bought by
Kebede Libona and Kebede Heroui
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 5, 2009
Sold by
Mcmahon James V and Mcmahon Linda N
Bought by
Gold Country Bank Na
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 20, 2006
Sold by
Elliott Homes Inc
Bought by
Mcmahon James V and Mcmahon Linda N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.55%
Mortgage Type
Seller Take Back
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Shanmugam Malathi | $1,785,000 | Fidelity National Title Compan | |
| The Kebede Family Trust | -- | First American Title Company | |
| Kebede Libona | -- | First American Title Company | |
| Kebede Libona | -- | None Available | |
| Kebede Libona | -- | Fidelity National Title Comp | |
| The Kebede Family Trust | -- | None Available | |
| Kebede Libona | $775,000 | Placer Title Company | |
| Gold Country Bank Na | -- | Placer Title Company | |
| Mcmahon James V | $310,000 | Stewart Title Of Sacramento |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shanmugam Malathi | $1,428,000 | |
| Previous Owner | Kebede Libona | $517,000 | |
| Previous Owner | Kebede Libona | $588,410 | |
| Previous Owner | Kebede Libona | $581,250 | |
| Previous Owner | Mcmahon James V | $248,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2023 10/20/23 | Sold | $1,785,000 | +3.5% | $416 / Sq Ft |
| 09/22/2023 09/22/23 | Pending | -- | -- | -- |
| 09/13/2023 09/13/23 | For Sale | $1,725,000 | -- | $402 / Sq Ft |
Source: MetroList
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 | $19,954 | $1,820,699 | $555,313 | $1,265,386 |
| 2024 | $19,954 | $1,785,000 | $544,425 | $1,240,575 |
| 2023 | $11,586 | $1,015,079 | $309,433 | $705,646 |
| 2022 | $11,451 | $995,176 | $303,366 | $691,810 |
| 2021 | $11,306 | $975,664 | $297,418 | $678,246 |
| 2020 | $12,085 | $965,661 | $294,369 | $671,292 |
| 2019 | $11,982 | $946,728 | $288,598 | $658,130 |
| 2018 | $11,645 | $928,166 | $282,940 | $645,226 |
| 2017 | $10,947 | $909,968 | $277,393 | $632,575 |
| 2016 | $11,356 | $892,126 | $271,954 | $620,172 |
| 2015 | $11,009 | $878,726 | $267,869 | $610,857 |
| 2014 | $10,509 | $861,514 | $262,622 | $598,892 |
Source: Public Records
Agents Affiliated with this Home
-
Zulli Bereket-Ab
-
Fran Cammarota
Buyer's Agent in 2023
Fran Cammarota
GUIDE Real Estate
(916) 367-2773
4 in this area
90 Total Sales
-
S
Buyer Co-Listing Agent in 2023
Sherri Patterson
GUIDE Real Estate
Map
Source: MetroList
MLS Number: 223088051
APN: 072-2760-022
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