Seller's Agent in 2024
Paul Boudier
Keller Williams Realty
(916) 919-5775
2 in this area
309 Total Sales
502 Riley St Folsom, CA 95630
Folsom Central NeighborhoodEstimated Value: $1,070,108
Studio
4
Baths
3,416
Sq Ft
$313/Sq Ft
Est. Value
About This Home
As of April 2024Exceptional commercial opportunity in Historic Folsom. Located at 502 Riley Street, this property is situated along a major thoroughfare with traffic count above 20,000 according to a 2017 study. Offering a generous 3400 square feet of Gross Living Area, this property offers a myriad of use possibilities including a freestanding preschool or daycare. Currently zoned R-4 for preschool use up to 40 children, this zoning is grandfathered'' in to ensure seamless operations. Accessibility is very convenient with two driveways, ingress on Mormon and egress on Riley. Ample parking on site with 9 designated spaces marked for visitors and up to 5 alley spaces marked for staff members. Beyond its practicality, the property's curb appeal is enhanced by low-maintenance vinyl siding, preserving its classic charm while minimizing upkeep demands. Moreover, the vast shaded playgroup area offers a safe and enjoyable space for children to explore and play. Don't miss this extraordinary opportunity to own this exceptional property and secure a piece of historic Folsom.
Last Agent to Sell the Property
Keller Williams Realty License #01179722 Listed on: 07/26/2023
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 14,000 Sq Ft Lot
Home Design
- 3,416 Sq Ft Home
- Mixed Use
- Slab Foundation
Parking
- 10 Parking Spaces
- Uncovered Parking
Community Details
- No Home Owners Association
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 070-0155-012-0000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 26, 2023
Closed on
Apr 1, 2024
Sold by
Nehl/Ferguson Familyrevocable Living Tru and Witthaus Lise
Bought by
Zoo Properties Llc
Seller's Agent
Paul Boudier
Keller Williams Realty
Buyer's Agent
Lakota Verberne
LPT Realty Inc.
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
135
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
-$29,892
Avg. Annual Appreciation
-1.34%
Original Mortgage
$440,000
Outstanding Balance
$433,045
Interest Rate
6.9%
Estimated Equity
$637,063
Purchase Details
Closed on
Mar 14, 2019
Sold by
Ferguson Robin
Bought by
Ferguson Robin and Nehl Michael
Purchase Details
Closed on
Mar 2, 2019
Sold by
Ferguson Robin and Witthaus Lise
Bought by
Witthaus Lise and Ferguson Robin
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Zoo Properties Llc | $1,100,000 | First American Title Insurance | |
| Ferguson Robin | -- | None Available | |
| Witthaus Lise | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Zoo Properties Llc | $440,000 | |
| Closed | Zoo Properties Llc | $550,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/05/2024 04/05/24 | Sold | $1,100,000 | -4.3% | $322 / Sq Ft |
| 01/12/2024 01/12/24 | Pending | -- | -- | -- |
| 12/06/2023 12/06/23 | For Sale | $1,150,000 | 0.0% | $337 / Sq Ft |
| 10/18/2023 10/18/23 | Pending | -- | -- | -- |
| 08/21/2023 08/21/23 | For Sale | $1,150,000 | -- | $337 / 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 | $3,024 | $1,122,000 | $357,000 | $765,000 |
| 2024 | $3,024 | $277,508 | $76,542 | $200,966 |
| 2023 | $2,970 | $272,068 | $75,042 | $197,026 |
| 2022 | $2,927 | $266,734 | $73,571 | $193,163 |
| 2021 | $2,888 | $261,505 | $72,129 | $189,376 |
| 2020 | $2,852 | $258,825 | $71,390 | $187,435 |
| 2019 | $2,805 | $253,751 | $69,991 | $183,760 |
| 2018 | $2,735 | $248,776 | $68,619 | $180,157 |
| 2017 | $2,551 | $243,899 | $67,274 | $176,625 |
| 2016 | $2,665 | $239,117 | $65,955 | $173,162 |
| 2015 | $2,576 | $235,526 | $64,965 | $170,561 |
| 2014 | $2,445 | $230,913 | $63,693 | $167,220 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Boudier
-
Lakota Verberne
Buyer's Agent in 2024
Lakota Verberne
LPT Realty Inc.
(916) 300-4787
4 in this area
97 Total Sales
Map
Source: MetroList
MLS Number: 223080451
APN: 070-0155-012
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