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704 Ferrier Way

704 Ferrier Way, Folsom, CA 95630
Property in The Enclave
Sold Nov 18, 2021
$587,000
$557,650 by Emm Loans Llc
Mortgage Due Dec 01, 2051
Sold Sep 30, 2015
$355,000
$348,570 by Sierra Pacific Mortgage Co Inc
Mortgage Due Oct 01, 2045
704 Ferrier Way in Folsom, CA was first built in 2004 and is 20 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 704 Ferrier Way has 1,573 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 3,599 square feet.

Learn more about the property and building on this page. The roof of the home is made of wood shake/ shingles. For those who need parking, there is a garage. The garage is 461 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. 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, 704 Ferrier Way sold most recently in Nov 4, 2021 for a total of $587,000. If you work out the math, that's approximately a cost of $373.17 per sqft. Before that, the property was also sold for $355,000 in Sep 23, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,659 in taxes each year. 704 Ferrier Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $598,740. If we break it down further, the land itself was valued at $173,400. Improvements to the property, however, were assessed at a total of $425,340. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Custom
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 461
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,599
  • Total Building Area: 1,573
  • Gross Building Area: 1,573
  • Building Area: 1,573
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,573
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE ENCLAVE UNIT NO. 2
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE ENCLAVE UNIT NO. 2, LOT 61

Ownership

  • Current Owner : SALAMA TAREK
  • Previous Owner : CHU PEI HSIEN
  • Owner Before Previous Owner: MACHETTI SANJAY
  • Owner Before Previous Owner 2: RAVISANKAR LAKSHMI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Folsom-Cordova Unified School District
  • Census Tract: 008403

Zoning

  • Zoning: R-1-M (PD)

Geography

  • Parcel: 071-1800-061-0000
  • Lot: 61
  • Municipality: FOLSOM, CITY OF
  • Latitude: 38.6653
  • Longitude: -121.167

    Address

  • Full Address: 704 Ferrier Way
  • Address - House Number: 704
  • Address - Street Name: Ferrier
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Folsom
  • Carrier Code: C021
  • 4-Digit Zip Code: 5450
  • Zip Code: 95630

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,659
  • Tax Rate Code Area: 04-000

    Appraisal Valuation

  • Standard Deviation: 0.1846
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 75
  • Final Value: 595,876
  • High Value: 705,902
  • Low Value: 485,850

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $557,650
  • First Open Lien Mortgage Lender: EMM LOANS LLC
  • First Open Lien Mortgage Recording Date: Nov 18, 2021
  • First Open Lien Mortgage Loan Amount: $557,650
  • 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: Dec 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $598,740
  • Assessed Land Value: $173,400
  • Assessed Improvements Value: $425,340

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 04, 2021
  • Current Sale Recording Date: Nov 18, 2021
  • Current Sale Transaction ID: 11869181408
  • Current Sale Price: $587,000
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: Sep 30, 2015
  • Previous Sale Contract Date: Sep 23, 2015
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMM LOANS LLC
  • First Mortgage Transaction Date: Nov 18, 2021
  • First Mortgage Loan Amount: $557,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Sep 30, 2015
  • Previous Mortgage Loan Amount: $348,570
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Oct 01, 2045

About The Enclave



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Frequently Asked Questions

What neighborhood is 704 Ferrier Way located in?
The 704 Ferrier Way is a located in the neighborhood of The Enclave in The Enclave, Folsom.
What is the average sales price for listings in 704 Ferrier Way?
The average sales price for units in 704 Ferrier Way is $0 currently.

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