
Folsom, CA 95630
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $579,000—positioned well below the $584,924 Fair Market Value by 1%. This valuation gap offers $5,924 in Instant Equity. Featuring an Excellent Condition Rating, this 2021 build includes a chef's kitchen, owned solar, and dual-zone HVAC. Located in the gated Steel Canyon at Russell Ranch, it offers resort-style amenities and proximity to top-rated schools. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, low-maintenance lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3208 Sunny Gate Ln Subject 3 bd · 3 ba · 1,794 sqft · $326 | $579,000* List Price | 3 | 3 | 1,794 | $326 | - |
A 3273 Sunny Gate Lane Sold 4 bd · 3 ba · 2,145 sqft · $307 · 0.1 mi | $659,000 | 4 | 3 | 2,145 | $307 | 0.1 mi |
B 3356 Gallatin Drive Sold 4 bd · 3 ba · 1,990 sqft · $327 · 0.7 mi | $650,000 | 4 | 3 | 1,990 | $327 | 0.7 mi |
C 3280 Sunny Gate Lane Pending 3 bd · 3 ba · 1,794 sqft · $307 · 0.1 mi | $549,900 List Price | 3 | 3 | 1,794 | $307 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this property is well within the <10-year age bracket for an excellent rating. The interior features a modern chef's kitchen with quartz countertops and stainless steel appliances, contemporary flooring, and updated systems including dual-zone HVAC and owned solar, all in mint, turnkey condition.
Built in 2021, this Meritage home features owned solar and dual-zone HVAC, providing significant long-term utility savings and the reliability of recent construction.
Located in the exclusive Steel Canyon at Russell Ranch, residents benefit from premium amenities including a clubhouse, pool, fire pits, and trails, offering a high-end lifestyle.
The property is currently a successful furnished rental with modern finishes like quartz countertops and stainless appliances, making it an ideal immediate-income opportunity for investors.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2243, living area = 1794.
The 2,243 sq ft lot is designed for low maintenance, which results in a very small backyard that may not satisfy buyers looking for significant private outdoor area or gardening space.
The $318 monthly association fee adds a notable recurring expense to the cost of ownership, which could impact the debt-to-income ratio for some prospective buyers.
A light-filled 2021 Meritage home behind the gates of Steel Canyon at Russell Ranch, one of Folsom's most sought-after newer communities. This 3-bedroom, 2.5-bath residence offers 1,794 sq ft of thoughtfully designed space with an open great room, dining area, and a chef's kitchen featuring quartz counters, stainless gas appliances, a generous center island, and walk-in pantry. Upstairs, the primary suite delivers a spacious walk-in closet and dual-vanity bath, with two additional bedrooms and upstairs laundry nearby. The low-maintenance backyard is sized for relaxing and entertaining, not weekends of yard work. Energy-efficient construction with dual-zone HVAC and owned solar keeps costs low year-round. Residents enjoy a resort-style clubhouse, pool, trails, fire pit, and bocce court, all minutes from Highway 50, Palladio, Folsom Lake, and top-rated Folsom-Cordova schools. Turnkey living in gated Folsom ideal for professionals, relocating families, and investors alike. The home is currently operating as a furnished rental and is ready for continued operation, making it an excellent investment opportunity. The furnishings may be included as an optional package.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 3.0 | 2.8 |
| Square foot | 1,794 | 2,072.901 |
| Lot Size | 2,243 | 7,191.083 |
| Price | $579.0K | $785.6K |
| Price per sq ft | $323 | $387 |
| Built year | 2021 | 1999 |
| HOA | $318 | $169 |
| Days on market | 12 | 44 |
Oct 12, 2026
$579,000
Initial Listing
Nov 30, 2021
$571,000
Public Record