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10561 Silverwood Way

10561 Silverwood Way, Rancho Cordova, CA 95670
Sold Sep 12, 2008
$138,000
$116,350 by Summit Funding Inc
Mortgage Due Jan 01, 2044
Sold Oct 19, 2005
$272,000
$217,600 by Ownit Mortgage Solutions Inc
Mortgage Due Nov 01, 2035
Local assessors in Rancho Cordova, CA have categorized 10561 Silverwood Way as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 8,276 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a custom style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10561 Silverwood Way has a total of 1,098 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 451 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a roof that is made of composition shingle. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 10561 Silverwood Way sold most recently in Aug 29, 2008 for a total of $138,000. If you work out the math, that's approximately a cost of $125.68 per sqft. Before that, the property was also sold for $272,000 in Oct 13, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $2,000 in taxes each year. 10561 Silverwood Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $170,796. If we break it down further, the land itself was valued at $92,825. Improvements to the property, however, were assessed at a total of $77,971. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 451
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,276
  • Total Building Area: 1,098
  • Gross Building Area: 1,098
  • Building Area: 1,098
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,098
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MILLS PARK ESTATES 04
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MILLS PARK ESTATES 04, LOT 422

Ownership

  • Current Owner : LEAHY JENNIFER
  • Previous Owner : STILLWELL SHERYL A
  • Owner Before Previous Owner: CORNSILK MIKE L
  • Owner Before Previous Owner 2: CORNSILK DEBORAH A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Folsom-Cordova Unified School District
  • Census Tract: 009008

Zoning

  • Zoning: RD 5

Geography

  • Assessors Map Reference: 59-D1
  • Parcel: 072-0201-001-0000
  • Lot: 422
  • Municipality: RANCHO CORDOVA, CITY OF
  • Latitude: 38.5881
  • Longitude: -121.295

    Address

  • Full Address: 10561 Silverwood Way
  • Address - House Number: 10561
  • Address - Street Name: Silverwood
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Rancho Cordova
  • Carrier Code: C015
  • 4-Digit Zip Code: 5533
  • Zip Code: 95670

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,000
  • Tax Rate Code Area: 08-077

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 76
  • Final Value: 379,858
  • High Value: 448,886
  • Low Value: 310,831

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $116,350
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Dec 31, 2013
  • First Open Lien Mortgage Loan Amount: $116,350
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2044

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,796
  • Assessed Land Value: $92,825
  • Assessed Improvements Value: $77,971

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 29, 2008
  • Current Sale Recording Date: Sep 12, 2008
  • Current Sale Transaction ID: 1046241516
  • Current Sale Price: $138,000
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: Oct 19, 2005
  • Previous Sale Contract Date: Oct 13, 2005
  • Previous Sale Amount: $272,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: METROCITI MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 12, 2008
  • First Mortgage Loan Amount: $110,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Oct 01, 2038

    Previous Mortgages

  • Previous Mortgage Lender: OWNIT MORTGAGE SOLUTIONS INC
  • Previous Mortgage Transaction Date: Oct 19, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $217,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2035

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Frequently Asked Questions

What neighborhood is 10561 Silverwood Way located in?
The 10561 Silverwood Way is a located in the neighborhood of Mills Park Estates in Mills Park Estates, Rancho Cordova.
What is the average sales price for listings in 10561 Silverwood Way?
The average sales price for units in 10561 Silverwood Way is $0 currently.

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