116 Raeanne Lane, Folsom, CA 95630, Folsom, 95630 - 4 bed, 3 bath

116 Raeanne Lane, Folsom, CA 95630 home-pic-0
ACTIVE$1,120,000
116 Raeanne Lane, Folsom, CA 95630
4Beds
3Baths
3,322Sqft
14,810Lot
Year Built
1990
Close
-
List price
$1.12M
Original List price
-
Price/Sqft
$337
HOA
$0
Days on market
-
Sold On
-
MLS number
225081446
Home ConditionFair
Features
Good View:
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.12M(90th), sqft - 3322(92th), beds - 4(50th), baths - 3(50th).

Discover this beautifully crafted, classic, traditional-style home, tucked away at the end of a quiet cul-de-sac. Impressive 3,322 sq ft of single-level living and a rare 4-car garage, this property delivers generous space, timeless design, and quality construction. The open-concept floor plan is designed for both everyday comfort & effortless entertaining, featuring a spacious kitchen with a large island, fresh carpet cleaning, & a dedicated laundry room with a sink. Vacant, move-in ready, and available for a quick escrow! Recent upgrades include a "newer" roof, multiple AC units, & ceiling fans throughout for year-round comfort. Step outside to a covered backyard patio overlooking a serene greenbelt perfect for relaxing evenings or lively summer gatherings. Private RV access, Expansive primary suite w/ dual sinks & a jetted tub, Tons of attic storage. No Mello-Roos or HOA fees; fantastic opportunity for buyers seeking privacy, space, and quality in a desirable area.

Price History

Date
Event
Price
06/18/25
Price Change
$1,120,000
10/28/94
Sold
$300,000
07/28/94
Sold
$55,000
Condition Rating
Fair

The property, built in 1990, is well-maintained with recent updates to major systems like the roof and AC units, making it move-in ready. However, the kitchen and bathrooms feature significantly outdated styles, including light oak cabinetry, square tile countertops, and dated light fixtures. While functional, these areas require substantial cosmetic updates to align with current market expectations and modern aesthetics. The overall condition fits the 'Fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14810, living area = 3322.
Spacious Single-Level Living: The property offers an impressive 3,322 sq ft of single-level living space, providing broad appeal for various lifestyles and accessibility needs.
Exceptional Garage & Storage Capacity: Features a rare 4-car garage, private RV access, and tons of attic storage, offering significant utility for vehicles, hobbies, and household items.
Prime Location & Privacy: Situated at the end of a quiet cul-de-sac and overlooking a serene greenbelt, ensuring desirable privacy and a peaceful living environment.
Recent Key Upgrades & Move-in Ready: Includes a 'newer' roof, multiple AC units, and ceiling fans for year-round comfort, and is vacant, move-in ready for a quick escrow.
Financial Benefits (No Fees): The absence of Mello-Roos or HOA fees significantly reduces ongoing ownership costs, adding to its financial attractiveness.

Cons

Age of Home: Built in 1990, the home is over 30 years old. While some systems are updated, other original components may be nearing the end of their lifespan or could be dated, potentially requiring future investment.
Limited Specific Modern Aesthetic Updates: The description emphasizes 'classic, traditional-style' and 'fresh carpet cleaning' but lacks details on comprehensive modern renovations to bathrooms or the kitchen beyond a 'large island,' which might not align with current buyer expectations for a home in this price range.
Absence of Luxury Outdoor Amenities: Despite a covered patio and greenbelt view, the property does not mention luxury outdoor features such as a pool, spa, or extensive built-in outdoor kitchen, which are common in comparable Folsom homes of this size and price point.

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