NOT LISTED FOR SALE

543 Serpa Way Folsom, CA 95630

Broadstone Neighborhood

Estimated Value: $478,108 - $729,000

0.52 Acre
$1,062,892 Price per Acre
22,460 Sq Ft Lot

Last Sold June 14, 2018

Last sale price $334,000

Est. 68% increase in value since last sale

Current estimated payment $3,321/month

90 Days on Market

Highlights

  • 0.52 Acre Lot
  • No HOA
  • Grass Covered Lot
  • Russell Ranch Elementary School Rated A

About This Lot

As of June 2018

Build your Dream Home in Folsom's, Terrazzo estates. One of the best locations within the community. Featuring Spectacular and expansive views of the Sacramento Valley, beautiful sunsets, and sparkling city lights. This lot is just over 1/2 acres, is ready to build and is semi-level on the bottom! Utilities are at the site and ready to connect. Terrazzo estates is close to the American river biking trail, Palladio shopping complex, Folsom Lake College, Russell Ranch Elementary and Vista De Lago.

Last Agent to Sell the Property

Scott Mercer

Redfin Corporation License #01317971 Listed on: 01/25/2018

Redfin Corporation

Last Buyer's Agent

Kam Lashgari

California Regency Realty License #01471329

Property Details

Property Type

  • Land

Lot Details

  • 0.52 Acre Lot
  • Grass Covered Lot
  • Possible uses of the property include Subdivision

Community Details

  • No Home Owners Association
  • Terrazzo Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 072-2310-015-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Lot
  • Primary Residence: Over 1500 SqFt
  • Subdivision: TERRAZZO ESTATES
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: CC&Rs,Hospital Nearby,Mineral Rights None,Restaurant Nearby,Shopping Cntr Nearby,None,See Remarks,Hotel/Motel Nearby
  • Horse Property: No
  • Listing Price: 339000.00
  • Lot Features: Curb(s),Greenbelt,Gutter(s),Public Trans Nearby,Shape Regular,Sidewalk(s)
  • Road Surface Type: Paved
  • Additional Living Units: No

Utilities

  • Water Source: Meter Required

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning: RES
  • Crops: None
  • Current Use: Subdivision,Vacant
  • Development Status: Lot Build To Suit
  • Zoning Description: Residential
  • Irrigation: None
  • Lot Size Acres: 0.5156
  • Lot Size Sq Ft: 22460
  • Possible Use: Subdivision

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 072-2310-015-0000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Jun 13, 2018
Sold by
Rajanna Kiran Muniswamappa and Krishnamurthy Lakshmi
Bought by
Bains Surinder Paul Singh and Bains Rupinderjit K S
Seller's Agent
Scott Mercer
Redfin Corporation
Buyer's Agent
Kam Lashgari
California Regency Realty
List Price
$339,000
Sold Price
$334,000
Premium/Discount to List
-$5,000
-1.47%
Current Estimated Value
$562,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,193
Avg. Annual Appreciation
6.75%

Purchase Details

Closed on
Apr 8, 2016
Sold by
Sweis Sultan and Sweis Manar
Bought by
Rajanna Kiran Muniswamappa and Krishnamurthy Lakshmi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 2009
Sold by
Elliott Homes Inc
Bought by
Sweis Sultan and Sweis Manar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.99%
Mortgage Type
Stand Alone Second
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
Bains Surinder Paul Singh $334,000 Chicago Title Company
Rajanna Kiran Muniswamappa $260,000 First American Title Company
Sweis Sultan $140,000 Stewart Title Of Sacramento
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rajanna Kiran Muniswamappa $208,000
Previous Owner Sweis Sultan $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2018 06/14/18 Sold $334,000 -1.5% --
04/25/2018 04/25/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $339,000 -- --
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 $4,606 $380,032 $380,032 --
2024 $4,606 $372,581 $372,581 --
2023 $4,506 $365,276 $365,276 $0
2022 $4,470 $358,114 $358,114 $0
2021 $4,417 $351,093 $351,093 $0
2020 $5,282 $347,493 $347,493 $0
2019 $5,292 $340,680 $340,680 $0
2018 $4,500 $270,504 $270,504 $0
2017 $4,286 $265,200 $265,200 $0
2016 $3,200 $152,656 $152,656 $0
2015 $3,128 $150,363 $150,363 $0
2014 $3,031 $147,418 $147,418 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Scott Mercer

    Redfin Corporation

    Section Image
  • Kam Lashgari

    Buyer's Agent in 2018

    Kam Lashgari

    California Regency Realty

    (916) 805-7037

    56 Total Sales

    Kam Lashgari
    Section Image
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Map

Source: MetroList

MLS Number: 18003601

MetroList

APN: 072-2310-015

California Sacramento County Folsom 95630 Broadstone

543 Serpa Way, Folsom, CA

Not Listed for Sale

Lots

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