340 Water View Way, Folsom, CA 95630, Folsom, 95630 - 4 bed, 3 bath
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340 Water View Way
Folsom, CA 95630
ACTIVE
CONDITION: FAIR
4Beds
3Baths
4,135Sq Ft
12,088Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,282,319
SUMMARY
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,299,000—positioned slightly above the $1,282,320 Fair Market Value. While not a discount buy, the property offers significant long-term value in the coveted American River Canyon. Featuring a 4,135 sqft floor plan, a private pool, and access to 10/10 rated schools like Granite Bay High, the home is in Fair Condition, providing a canvas for modernization. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovations.
Estimated Market Value
$1,282,319
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 |
|---|---|---|---|---|---|---|
★ 340 Water View Way Subject 4 bd · 3 ba · 4,135 sqft · $310 | $1,299,000* List Price | 4 | 3 | 4,135 | $310 | - |
A 109 River Ridge Way Active 5 bd · 3 ba · 3,360 sqft · $342 · 0.7 mi | $1,150,000 List Price | 5 | 3 | 3,360 | $342 | 0.7 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 1986, this 38-year-old property is well-maintained but remains largely dated. While the kitchen has received partial updates like granite countertops and stainless steel appliances (likely 15-20 years old), the home retains significant original elements including oak cabinetry, 80s-style built-ins, and dated bathroom tile work, fitting the criteria for a home needing modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Oakhills Elementary School (10/10). Middle School: Willma Cavitt Junior High School (10/10). High School: Granite Bay High School (10/10).
- Premier Location & Neighborhood Appeal
Situated in the highly coveted American River Canyon South on a desirable corner lot, this property offers prestige and a high-quality lifestyle in one of Folsom's most sought-after communities.
- Exceptional Living Space
With 4,135 square feet of interior space, this home provides a rare scale of living, featuring large rooms and a functional layout that is ideal for growing families or those who prioritize spaciousness.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4135, other record living area = 3820.
- Potential for Modernization
Built in 1986 and described as having 'opportunities to make it your own,' the property likely requires significant cosmetic or structural updates to meet contemporary luxury standards.
- High Maintenance Requirements
The combination of a large 4,000+ sqft footprint, an aging structure, and a private pool will likely result in higher-than-average utility costs and ongoing maintenance responsibilities.
About 340 Water View Way
Welcome to 340 Water View Way, ideally situated on a desirable corner lot on one of the best streets in the coveted American River Canyon neighborhood of Folsom. This spacious 4 bedroom, 3 full bathroom home offers 4,135 sq ft of living space, a charming wraparound porch, and a private pool creating the perfect setting for relaxing, entertaining, and enjoying the California lifestyle. Set on approximately 0.28 acres, the property offers generous space both inside and out, with an inviting presence and wonderful opportunities to make it your own. Just 1.3 miles from Black Miners Bar on beautiful Lake Natoma, offering a swimming beach, kayaking, paddleboarding, picnic areas, and access to the scenic American River Bike Trail. Nearby Historic Folsom features charming restaurants, cafs, boutique shops, entertainment, and community events. Enjoy the perfect combination of outdoor recreation, historic charm, and convenient access to some of Folsom's most desirable amenities! In addition to convenient access to parks and award-winning schools. Don't miss this opportunity to own a spacious home in a truly special American River Canyon location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 12,088 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $30 / Month
Neighborhood Insights
Folsom Unified Schools
Ottomon Way Elementary School
Grades K-5 • 1.2 mi
4/10
Carl H. Sundahl Elementary School
Grades K-6 • 1.3 mi
7/10
Twin Lakes Elementary School
Grades K-6 • 1.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 3.0 | 2.8 |
| Square foot | 4,135 | 2,072.901 |
| Lot Size | 12,088 | 7,191.083 |
| Price | $1.30M | $785.6K |
| Price per sq ft | $314 | $387 |
| Built year | 1986 | 1999 |
| HOA | $30 | $169 |
| Days on market | 19 | 44 |
Pricing History
Listed for Sale
Oct 5, 2026
$1,299,000
Initial Listing