NOT LISTED FOR SALE

Estimated Value: $432,445 - $453,000

2 Beds
2 Baths
1,109 Sq Ft
$398/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $420,000 $379 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,092/month

4 Days on Market

Highlights

  • Great Room
  • Granite Countertops
  • Bathtub with Shower
  • Russell Ranch Elementary School Rated A
  • Walk-In Closet
  • Garage

About This Home

As of October 2021

Picture perfect condo in a great Folsom location! Meticulously cared for by the owner this light, bright, and clean corner unit enjoys a feeling of privacy with limited neighbors. You'll appreciate the desirable attached garage to welcome you home with direct access inside. Other features include an ample kitchen with granite counters, plenty of cabinets, and a convenient dining bar. The great room is spacious with plenty of room for guests, lots of windows, and direct access to the outdoor covered patio with storage. Both bedrooms are generous in size with large closets and plenty of natural light. The laundry area is efficiently located by the bedrooms with plenty of shelving and adjacent linen cabinets. This gated community of Madrone at Empire Ranch enjoys recreational facilities, a resort like pool and spa, and is very well maintained. Make this an affordable place to call home and enjoy all of the amenities Folsom has to offer!

Last Agent to Sell the Property

Nehal Shah

Real Estate Source Inc License #02081672 Listed on: 09/23/2021

Real Estate Source Inc

Last Buyer's Agent

Adrienne Ferron

Haney Real Estate License #01459951

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,149

Year Built

  • 2007

HOA Fees

  • $255 per month

Parking

  • Garage

Home Design

  • Property Attached

Interior Spaces

  • Great Room
  • Granite Countertops

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Community Details

  • Mandatory Home Owners Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,149

Year Built

2007

Lot Details

0

HOA Fees

$255 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Subtype Description: Attached
  • Property Sub Type: Condominium
  • Remodeled Updated: No
  • Directions: East Bidwell St. to east on Iron Point Rd, left on Dry Creek Rd, left on Moon Circle at gate, code provided. Unit is towards the back and to the left.
  • Horses: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2
  • Year Built: 2007

Interior Features

  • Appliances: Free Standing Gas Oven, Gas Water Heater, Dishwasher, Microwave
  • Master Bedroom Features: Walk-In Closet
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 2.00
  • Dining Room Features: Dining Bar,Dining/Family Combo
  • Kitchen Features: Granite Counter
  • Living Room Features: Great Room
  • Lower Level: Garage
  • Main Level: Bedroom(s),Dining Room,Family Room,Master Bedroom,Full Bath(s),Kitchen
  • Price Per Square Foot: 378.72
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Flooring: Carpet, Vinyl

Exterior Features

  • Roof: Tile
  • Foundation Details: Slab
  • Construction Type: Stucco, Frame
  • Disclosures: CC&Rs
  • Lot Features: Curb(s)/Gutter(s), Street Lights
  • Pool Features: Common Facility
  • Pool Private: Yes

Garage/Parking

  • Parking Features: Attached, Garage Door Opener
  • Garage Spaces: 1

Utilities

  • Cooling: Central
  • Heating: Central
  • Electric: 3 Phase, 220 Volts
  • Laundry Features: Laundry Closet, Gas Hook-Up, Inside Area
  • Security: Security Gate
  • Sewer: Public Sewer
  • Utilities: All Public
  • Water Source: Meter on Site

Association/Amenities

  • Mandatory Association: Yes

Condo/Co-op/Association

  • Location of Unit: Unit Above,Upper Level
  • Amenities: Barbeque, Pool, Clubhouse, Recreation Facilities, Exercise Room, Spa/Hot Tub
  • Association Fee: 255
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: 0

Schools

  • Junior High Dist: Folsom-Cordova

Lot Info

  • Zoning Description: R

Tax Info

  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Sacramento

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Oct 7, 2021
Sold by
Mcleod April
Bought by
Mcleod Jeffrey N
Seller's Agent
Nehal Shah
Real Estate Source Inc
Buyer's Agent
Adrienne Ferron
Haney Real Estate
List Price
$405,000
Sold Price
$420,000
Premium/Discount to List
$15,000
3.7%
Current Estimated Value
$441,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,861
Avg. Annual Appreciation
1.03%
Original Mortgage
$336,000
Outstanding Balance
$307,727
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$129,271

Purchase Details

Listed on
Sep 23, 2021
Closed on
Oct 6, 2021
Sold by
Mohan Mathavan and Mohan Suganya
Bought by
Mcleod Jeffrey N
Seller's Agent
Nehal Shah
Real Estate Source Inc
Buyer's Agent
Adrienne Ferron
Haney Real Estate
List Price
$405,000
Sold Price
$420,000
Premium/Discount to List
$15,000
3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Outstanding Balance
$307,727
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$129,271

Purchase Details

Listed on
Jul 2, 2020
Closed on
Aug 28, 2020
Sold by
Machgan Jennifer Noel and The Jennifer Noel Machgan Livi
Bought by
Mohan Mathavan and Mathavan Suganya
Seller's Agent
David Cryderman
HomeSmart ICARE Realty
Buyer's Agent
Nehal Shah
Real Estate Source Inc
List Price
$330,000
Sold Price
$325,000
Premium/Discount to List
-$5,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.25%
Original Mortgage
$308,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2019
Sold by
Machgan Jennifer N
Bought by
Machgan Jennifer Noel and The Jennifer Noel Machgan Livi

Purchase Details

Closed on
Sep 18, 2008
Sold by
Madrone Attached Homes Lp
Bought by
Machgan Jennifer N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,200
Interest Rate
6.49%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Mcleod Jeffrey N -- Old Republic Title
Mcleod Jeffrey N -- Old Republic Title
Mcleod Jeffrey N $420,000 Old Republic Title
Mcleod Jeffrey N $420,000 Old Republic Title
Mohan Mathavan $325,000 Chicago Title Company
Machgan Jennifer Noel -- None Available
Machgan Jennifer N $212,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcleod Jeffrey N $336,000
Closed Mcleod Jeffrey N $336,000
Previous Owner Mohan Mathavan $305,000
Previous Owner Mohan Mathavan $308,000
Previous Owner Machgan Jennifer N $176,200
Previous Owner Machgan Jennifer N $211,323
Previous Owner Machgan Jennifer N $208,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $420,000 +3.7% $379 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
09/23/2021 09/23/21 For Sale $405,000 +24.6% $365 / Sq Ft
09/01/2020 09/01/20 Sold $325,000 -1.5% $293 / Sq Ft
08/04/2020 08/04/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $330,000 0.0% $298 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $330,000 0.0% $298 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $330,000 0.0% $298 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $330,000 -- $298 / 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 $5,149 $445,707 $132,651 $313,056
2024 $5,149 $436,968 $130,050 $306,918
2023 $5,031 $428,400 $127,500 $300,900
2022 $4,966 $420,000 $125,000 $295,000
2021 $3,950 $325,000 $125,000 $200,000
2020 $3,043 $249,605 $123,631 $125,974
2019 $3,023 $244,711 $121,207 $123,504
2018 $2,957 $239,914 $118,831 $121,083
2017 $2,783 $235,210 $116,501 $118,709
2016 $2,888 $230,599 $114,217 $116,382
2015 $2,803 $227,136 $112,502 $114,634
2014 $2,680 $222,688 $110,299 $112,389
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221120966

MetroList

APN: 072-2830-005-0026