1046 Smith Way, Folsom, CA 95630, Folsom, 95630 - 4 bed, 3 bath
1046 Smith Way
Folsom, CA 95630
Property Price
SUMMARY
Analysis of 1046 Smith Way, Folsom, CA 95630 reveals a Fairly Priced Property with a current list price of $935,000 aligned with the estimated $935,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Folsom Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1046 Smith Way Subject | $912,000 | 4 | 3 | 2,689 | $348 | - |
A 1218 Darling Way Sold | $821,000 | 4 | 3 | 2,347 | $350 | 0.4 mi |
B 1645 Manasco Circle Sold | $839,000 | 4 | 3 | 2,278 | $368 | 0.2 mi |
C 1416 Haddington Drive Sold | $885,000 | 4 | 3 | 2,865 | $309 | 0.9 mi |
D 1604 Thurman Way Sold | $775,000 | 3 | 3 | 2,436 | $318 | 0.6 mi |
E 1499 Berriedale Court Sold | $879,000 | 4 | 3 | 2,584 | $340 | 1.0 mi |
F 1082 Smith Way Sold | $1,025,888 | 3 | 3 | 2,689 | $382 | 0.1 mi |
G 1173 Fergusen Way Active | $799,000 List Price | 4 | 3 | 2,347 | $340 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2004, this home is 20 years old, placing it within the 'Good' category's age range. The property is move-in ready and appears well-maintained throughout. The first floor features rich hardwood and tile, while the second floor has high-end patterned Berber carpet, all in good condition. The kitchen, while functional and featuring granite countertops and abundant storage, has some white appliances (oven, dishwasher) and a backsplash style that are consistent with its build year and not recently updated to modern standards. Similarly, the bathrooms are clean and functional, but the tile work and fixtures reflect the original 2004 construction rather than recent renovations. Major systems are noted as being 20 years old, within their expected lifespan but approaching the need for future investment. Overall, it's a well-kept home that doesn't require immediate renovations but also hasn't undergone a full recent modernization to qualify as 'Excellent'.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Vista Del Lago High School (9/10).
- Prime Location & Community
Located in the highly sought-after, award-winning master-planned community of The Parkway, offering an exceptional lifestyle with scenic trails, golf course, Folsom Lake, dining, and shopping all within walking distance.
- Versatile Floor Plan
Features a bright and open floor plan with multiple flexible living spaces, including a full bedroom and bathroom on the main level, a dedicated home office, and a generous upstairs loft.
CONSRISKS & DEFICIENCIES
- Ongoing HOA Fees
The property is subject to an association fee of $154, representing a recurring monthly expense for the homeowner.
- Potential for System Updates
Built in 2004, major home systems (e.g., HVAC, water heater, roof) are 20 years old and may be approaching the end of their typical lifespan, potentially requiring future capital investment.
- Pool Maintenance Costs
While a desirable amenity, the built-in swimming pool will incur ongoing maintenance, chemical, and utility costs, which can be a significant expense for some buyers.
About 1046 Smith Way
Welcome to this stunning Folsom home located in the highly sought-after, award-winning master-planned community of The Parkway. Designed with both style and function in mind, this bright and open floor plan offers multiple flexible living spaces perfect for today's lifestyle. The main level features a full bedroom and bathroom, a dedicated home office overlooking a serene interior courtyard, and a spacious great room with a cozy gas fireplace that flows seamlessly into the gourmet kitchen with abundant storage. Upstairs, you'll find a generous loft area and three additional bedrooms, including a luxurious primary suite. Rich hardwood and tile flooring span the first floor, while high-end patterned Berber carpet adds warmth and comfort upstairs. Step outside to your private backyard retreat, complete with a sparkling built-in swimming pool and expansive patio areaperfect for relaxing or entertaining. With scenic trails just steps away and Empire Ranch Golf Course, Folsom Lake, local dining, and shopping all within walking distance, this home offers the perfect blend of comfort, convenience, and community living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 6,050 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $154 / Month
Neighborhood Insights
Folsom Unified Schools
Empire Oaks Elementary School
Grades K-5 • 0.2 mi
Oak Chan Elementary School
Grades K-5 • 0.8 mi
Folsom Hills Elementary School
Grades K-5 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,689 | 2,086 | 75% |
| Lot Size | 6,050 | 7,192 | 36% |
| Price | $935.0K | $760.0K | 77% |
| Price per sq ft | $348 | $375 | 37% |
| Built year | 2004 | 1999 | 63% |
| HOA | $154 | $53 | 66% |
| Days on market | 283 | 173 | 91% |
Pricing History
Listed for Sale
May 29, 2025
$935,000
Initial Listing
Sold
Apr 18, 2022
$912,000
Public Record
Sold
Jul 1, 2004
$427,500
Public Record