614 Wales Drive, Folsom, CA 95630, Folsom, 95630 - 3 bed, 2 bath
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Folsom, CA 95630
This property presents a High-Potential Investment Opportunity with a List Price of $475,000—positioned well below the $489,809 Fair Market Value by 3%. This valuation gap offers $14,809 in Instant Equity. Featuring a Fair Condition Rating with recent flooring updates, the home offers a blank canvas for modernization. Located near Top-Rated Schools like Folsom High (9/10), this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build long-term value through strategic renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 614 Wales Drive Subject | $475,000* List Price | 3 | 2 | 1,176 | $417 | - |
A 617 Wales Drive Sold | $433,778 | 3 | 2 | 1,155 | $376 | 0.0 mi |
B 409 Wales Drive Sold | $520,000 | 3 | 2 | 1,058 | $491 | 0.2 mi |
C 167 Price Way Sold | $430,000 | 3 | 1 | 1,038 | $414 | 0.2 mi |
D 103 Grenoble Way Sold | $510,000 | 3 | 2 | 1,058 | $482 | 0.2 mi |
E 860 School Street Sold | $580,000 | 3 | 2 | 1,492 | $389 | 0.3 mi |
F 136 Penaranda Drive Active | $557,000 List Price | 3 | 2 | 1,100 | $506 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, this home has received recent cosmetic updates including brand-new carpeting and wood flooring. However, the kitchen and bathrooms appear dated based on the description of 'potential' and 'blank canvas,' and the 66-year age suggests that major systems and cabinetry likely require modernization despite the move-in ready interior.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7096, living area = 1176.
High School: Folsom High School (9/10).
The property is exceptionally well-located near highly-rated schools, including Folsom High and Vista Del Lago High (both rated 9/10), providing significant long-term value for families.
Built in 1958 and described as having 'incredible potential,' the home likely requires further capital investment to update the kitchen and exterior spaces to contemporary standards.
At 1,176 square feet for a three-bedroom layout, the interior proportions may feel small for buyers seeking spacious common areas or large primary suites.
Welcome to this charming Folsom home that is bursting with character and incredible potential! This cute single-story residence features three comfortable bedrooms, each upgraded with brand-new carpeting, and two full bathrooms. Step inside to discover a bright and instantly welcoming interior, highlighted by wood flooring throughout the main living areas. The spacious living room centers around a cozy brick fireplace with an insertperfect for relaxing evenings. The adjacent kitchen offers ample cabinetry, a window bringing in natural light, and a functional layout that connects seamlessly to the living space for easy entertaining. A large sliding glass door off the living room fills the space with light and opens directly to the backyard, providing a fantastic blank canvas to create your dream outdoor oasis. Whether you are looking for a wonderful starter home or a fantastic investment, this property offers the perfect opportunity to bring your vision to life!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 42% |
| Square foot | 1,176 | 2,031 | 5% |
| Lot Size | 7,096 | 7,137.5 | 49% |
| Price | $475.0K | $760.0K | 2% |
| Price per sq ft | $404 | $376 | 68% |
| Built year | 1958 | 1999 | 4% |
| HOA | $0 | $49 | 49% |
| Days on market | 3 | 177 | 1% |
Jun 3, 2026
$475,000
Initial Listing