NOT LISTED FOR SALE

540 Serpa Way Folsom, CA 95630

Broadstone Neighborhood

Estimated Value: $1,550,129 - $1,859,000

0.43 Acre
$3,983,365 Price per Acre
18,565 Sq Ft Lot

Last Sold February 07, 2017

Last sale price $260,000

Est. 553% increase in value since last sale

Current estimated payment $10,239/month

6 Days on Market

Highlights

  • 0.43 Acre Lot
  • No HOA
  • Views
  • Russell Ranch Elementary School Rated A

About This Lot

As of February 2017

No need to wait for the perfect home. Build your dream home in highly desirable Terrazo Estates in Folsom. Gentle almost non-existent slope makes it easy and economical to build. Deceptively large lot. Surrounded by upscale luxury homes. Close to bike trails Palladio shopping center, Savory restaurants & Costco. Views of Sacramento Valley. Very convenient location. Must see to appreciate.

Last Agent to Sell the Property

Rene Morales

GUIDE Real Estate License #00923039 Listed on: 12/15/2016

GUIDE Real Estate

Last Buyer's Agent

Rene Morales

GUIDE Real Estate License #00923039 Listed on: 12/15/2016

GUIDE Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 0.43 Acre Lot
  • Possible uses of the property include Single Family
  • Property is zoned R -1-M

Additional Features

  • Property Views

Community Details

  • No Home Owners Association
  • Broadstone Terrazzo Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072-2310-011-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Primary Residence: None
  • Subdivision: Broadstone Terrazzo Estates
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: CC&Rs,None,See Remarks
  • Horse Property: No
  • Listing Price: 285000.00
  • Lot Features: Gutter(s),Sidewalk(s),See Remarks
  • Road Surface Type: Paved
  • View Description: Special
  • Additional Living Units: No

Utilities

  • Water Source: Meter on Site

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning: R -1-M
  • Crops: None
  • Current Use: Vacant
  • Development Status: Lot Build To Suit
  • Zoning Description: Residential
  • Irrigation: None
  • Lot Size Acres: 0.4262
  • Lot Size Sq Ft: 18565
  • Possible Use: Single Family

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 072-2310-011-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2019
Sold by
Wu Nee and Leung Mia
Bought by
Wu Nee and Leung Mia
Current Estimated Value
$1,697,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$981,000
Outstanding Balance
$862,852
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$834,858

Purchase Details

Closed on
May 11, 2018
Sold by
Wu Nee and Leung Mia
Bought by
Wu Nee and Leung Mia

Purchase Details

Listed on
Dec 15, 2016
Closed on
Jan 26, 2017
Sold by
Ghaffar Farana
Bought by
Wu Nee and Leung Mia
Seller's Agent
Rene Morales
GUIDE Real Estate
Buyer's Agent
Rene Morales
GUIDE Real Estate
List Price
$285,000
Sold Price
$260,000
Premium/Discount to List
-$25,000
-8.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.44%

Purchase Details

Listed on
Dec 15, 2016
Closed on
Jan 23, 2017
Sold by
Arif Jawad
Bought by
Ghaffar Farana
Seller's Agent
Rene Morales
GUIDE Real Estate
Buyer's Agent
Rene Morales
GUIDE Real Estate
List Price
$285,000
Sold Price
$260,000
Premium/Discount to List
-$25,000
-8.77%

Purchase Details

Closed on
Jul 29, 2013
Sold by
Munoz Victor Manuel and Munoz Ingrid Yadira
Bought by
Ghaffar Farana

Purchase Details

Closed on
Nov 14, 2006
Sold by
Elliott Homes Inc
Bought by
Munoz Victor Manuel and Munoz Ingrid Yadira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,550
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Wu Nee -- Placer Title Company
Wu Nee -- Placer Title Company
Wu Nee -- None Available
Wu Nee $260,000 Fidelity National Title Comp
Ghaffar Farana -- Fidelity National Title Comp
Ghaffar Farana $200,000 None Available
Munoz Victor Manuel $269,000 Stewart Title Of Sacramento
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wu Nee $981,000
Previous Owner Munoz Victor Manuel $255,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2017 02/07/17 Sold $260,000 -8.8% --
12/18/2016 12/18/16 Pending -- -- --
12/12/2016 12/12/16 For Sale $285,000 -- --
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 $16,446 $1,488,352 $301,749 $1,186,603
2024 $16,446 $1,459,170 $295,833 $1,163,337
2023 $16,163 $1,430,560 $290,033 $1,140,527
2022 $15,948 $1,402,511 $284,347 $1,118,164
2021 $15,744 $1,375,012 $278,772 $1,096,240
2020 $16,468 $1,360,914 $275,914 $1,085,000
2019 $6,856 $480,504 $270,504 $210,000
2018 $4,442 $265,200 $265,200 $0
2017 $3,998 $237,653 $237,653 $0
2016 $4,096 $232,994 $232,994 $0
2015 $3,994 $229,495 $229,495 $0
2014 $3,852 $225,000 $225,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Rene Morales

    Seller's Agent in 2017

    Rene Morales

    GUIDE Real Estate

    (916) 220-7508

    60 Total Sales

    Rene Morales
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Map

Source: MetroList

MLS Number: 16076919

MetroList

APN: 072-2310-011

California Sacramento County Folsom 95630 Broadstone

540 Serpa Way, Folsom, CA

Not Listed for Sale

Lots

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