118 Ferrera Dr, Folsom, CA 95630, Folsom, 95630 - 3 bed, 2 bath
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118 Ferrera Dr
Folsom, CA 95630
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,637Sq Ft
7,793Lot Size
Property Price
LIST PRICE$580,000
EST. MARKET VALUE
$601,572
3% BelowMARKET VALUE
SUMMARY
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $659,900—positioned well above the $631,849 Fair Market Value. While priced at a premium, the property offers rare utility with a 3-car garage, RV/boat parking, and Tesla solar in the desirable Willow Creek Estates. With a Condition Rating of 4, the home is move-in ready but offers significant upside for cosmetic modernization. Zoned for top-rated schools like Folsom High (9/10), this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$601,572+$21,572 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Folsom.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Ferrera Dr Subject 3 bd · 2 ba · 1,637 sqft · $367 | $580,000* List Price | 3 | 2 | 1,637 | $367 | - |
A 129 Rambling Drive Sold 3 bd · 2 ba · 1,605 sqft · $399 · 0.2 mi | $640,000 | 3 | 2 | 1,605 | $399 | 0.2 mi |
B 109 Lions Way Sold 4 bd · 2 ba · 1,787 sqft · $411 · 0.5 mi | $735,000 | 4 | 2 | 1,787 | $411 | 0.5 mi |
C 126 Manseau Drive Sold 3 bd · 2 ba · 1,752 sqft · $374 · 0.6 mi | $655,000 | 3 | 2 | 1,752 | $374 | 0.6 mi |
D 119 Rocky Cove Court Sold 3 bd · 2 ba · 1,532 sqft · $441 · 0.8 mi | $675,000 | 3 | 2 | 1,532 | $441 | 0.8 mi |
E 149 Winterstein Drive Pending 3 bd · 2 ba · 1,472 sqft · $442 · 0.3 mi | $649,900 List Price | 3 | 2 | 1,472 | $442 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1990, this 36-year-old home is functional and features a modern Tesla solar system, but the kitchen and bathrooms remain mostly original. The oak cabinetry, tile countertops, and bathroom fixtures are dated and require cosmetic updates, though the property appears well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7793, living area = 1637.
- Great Schools
High School: Folsom High School (9/10).
- Exceptional Parking & Storage
The rare combination of a three-car garage and dedicated RV/boat parking provides significant utility and value for homeowners with multiple vehicles or outdoor recreational equipment.
CONSRISKS & DEFICIENCIES
- Compact Interior Footprint
At 1,637 square feet, the living space may feel modest for families or buyers accustomed to the larger, more expansive floor plans common in newer Folsom developments.
- Aging Infrastructure Potential
Built in 1990, the property may soon require capital investments for aging systems or cosmetic modernizations to compete with fully renovated homes in the area.
About 118 Ferrera Dr
A rare combination in Willow Creek Estates single-story living, a 3-car garage, RV/boat parking, Tesla solar and no HOA. This 3-bedroom, 2-bath Folsom home offers 1,637 square feet with a spacious, functional floor plan designed for both everyday living and entertaining. The bright great room opens to the kitchen, dining area and backyard patio, while a separate family room with fireplace provides additional living space. The kitchen features generous counter space, Gas & electric connections, breakfast-bar seating and abundant cabinetry. Outside, enjoy a private backyard, established landscaping and valuable space for RV or boat parking. The large driveway and three-car garage provide exceptional parking and storage options. Located in desirable Willow Creek Estates near Folsom Lake, trails, shopping, dining and highly regarded Folsom schools. Single story. 3-car garage. RV/boat parking. Tesla solar. No HOA. An increasingly difficult combination to find in Folsom come see it in person.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 7,793 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Folsom Unified Schools
Oak Chan Elementary School
Grades K-5 • 0.3 mi
8/10
Folsom Hills Elementary School
Grades K-5 • 0.5 mi
8/10
Blanche Sprentz Elementary School
Grades K-5 • 1.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,637 | 2,072.901 |
| Lot Size | 7,793 | 7,191.083 |
| Price | $580.0K | $785.6K |
| Price per sq ft | $354 | $387 |
| Built year | 1990 | 1999 |
| HOA | $0 | $169 |
| Days on market | 38 | 44 |
Pricing History
Listed for Sale
Oct 15, 2026
$580,000
$619,900
-6% Price Drop
Initial Listing
Price Change
Oct 11, 2026
$619,900
$639,900
-3% Price Drop
Initial Listing
Price Change
Sep 29, 2026
$639,900
$659,900
-3% Price Drop
Initial Listing
Price Change
Sep 16, 2026
$659,900
Initial Listing
Sold
Aug 10, 2018
$60,000
Public Record
Sold
Dec 10, 2004
$410,000
Public Record