NOT LISTED FOR SALE

Estimated Value: $647,515

1 Bed
1 Bath
688 Sq Ft
$941/Sq Ft Est. Value

Last Sold May 15, 2018

Last sale price $420,000 $610 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $4,056/month

133 Days on Market

Highlights

  • No HOA
  • Double Pane Windows
  • 1-Story Property
  • Theodore Judah Elementary School Rated A
  • Central Heating
  • 3-minute walk to Folsom Powerhouse State Historic Park

About This Home

As of May 2018

Come Enjoy a Historic part of Folsom! Charming one bedroom, one bath in the heart of Old Folsom Historic District. Zoned for commercial or residential, this is a must see property! Currently a hair salon and was the First Library in Folsom. Sit on the porch & take in the beautiful sights! You will not be sorry!

Last Agent to Sell the Property

Cynthia Gootee

Sactown Real Estate, Inc. License #01940863 Listed on: 12/15/2017

Last Buyer's Agent

Cynthia Gootee

Sactown Real Estate, Inc. License #01940863 Listed on: 12/15/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,115

Year Built

  • Built in 1920

Lot Details

  • 3,698

Parking

  • On-Street Parking

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Double Pane Windows

Additional Features

  • 3,698 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Security Deposit $1,600
  • Tenant pays for cable tv electricity gas sewer trash collection water
  • Assessor Parcel Number 070-0111-009-0000

Community Details

Overview

  • No Home Owners Association
  • Historic District Subdivision

Building Details

  • 1 Leased Unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,115

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Other
  • Year Built: 1920
  • Accessibility Features: 0
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Subdivision: Historic District
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: See Remarks
  • Other Equipment: None
  • Flooring: Linoleum/Vinyl
  • Window Features: Dual Pane Partial

Exterior Features

  • Construction Materials: Frame,Wood
  • Disclosures/Documents: CC&Rs,Rental/Lease Agmts,Other
  • Listing Price: 475000.00
  • Roof: Composition

Garage/Parking

  • Parking Features: Street

Utilities

  • Cooling: Ceiling Fan(s),Central
  • Heating: Central

Condo/Co-op/Association

  • Association Features: None
  • Association: No

Schools

  • Senior High School District: Folsom-Cordova

Lot Info

  • Zoning Description: HD
  • Lot Size Acres: 0.0849
  • Lot Size Sq Ft: 3698

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas,Sewer,Trash Collection,Water
  • Total Deposit: 1600

Multi Family

  • Gross Income: 22800
  • Income Includes: Rent Only
  • Number of Leased Units: 1
  • Number of Units: 1
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 070-0111-009-0000

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2020
Sold by
Vassallo Family Real Estate Llc
Bought by
Linqm Holdings Llc
Current Estimated Value
$647,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$222,366
Interest Rate
3.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$420,472

Purchase Details

Closed on
Apr 23, 2019
Sold by
Vassallo Ashley Nicole
Bought by
Vassallo Family Real Estate Llc

Purchase Details

Listed on
Dec 15, 2017
Closed on
May 11, 2018
Sold by
Gootee James and Gootee Cynthia
Bought by
Vassallo Ashley Nicole
Seller's Agent
Cynthia Gootee
Sactown Real Estate, Inc.
Buyer's Agent
Cynthia Gootee
Sactown Real Estate, Inc.
List Price
$498,000
Sold Price
$420,000
Premium/Discount to List
-$78,000
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%

Purchase Details

Closed on
Dec 30, 2010
Sold by
Apex Energy Solutions
Bought by
Exit Llc

Purchase Details

Closed on
Jul 30, 2003
Sold by
Demorest Jerry M and Demorest Terri L
Bought by
Gootee James and Gootee Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,000
Interest Rate
5.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 13, 1997
Sold by
Standard Helen and Hart Helen
Bought by
Metz Helen Hart and Helen H Metz Revocable Trust
Source: Public Records

Range of Values:

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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
Linqm Holdings Llc $468,000 None Available
Vassallo Family Real Estate Llc -- None Available
Vassallo Ashley Nicole $420,000 Placer Title Company
Exit Llc -- None Available
Gootee James $305,000 Chicago Title Co
Metz Helen Hart -- --
Metz Helen Hart -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linqm Holdings Llc $250,000
Open Linqm Holdings Llc $370,830
Previous Owner Gootee James $237,000
Previous Owner Demorest Jerry M $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2018 05/15/18 Sold $420,000 -15.7% $610 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
12/15/2017 12/15/17 For Sale $498,000 -- $724 / 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 $6,115 $511,822 $349,965 $161,857
2024 $6,115 $501,787 $343,103 $158,684
2023 $6,000 $491,949 $336,376 $155,573
2022 $5,902 $482,304 $329,781 $152,523
2021 $5,814 $472,848 $323,315 $149,533
2020 $5,397 $436,968 $312,120 $124,848
2019 $5,300 $428,400 $306,000 $122,400
2018 $4,739 $381,104 $281,146 $99,958
2017 $4,440 $373,633 $275,634 $97,999
2016 $4,600 $366,308 $270,230 $96,078
2015 $4,450 $360,806 $266,171 $94,635
2014 $4,236 $353,740 $260,958 $92,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 17077139

MetroList

APN: 070-0111-009