617 Wales Drive, Folsom, CA 95630, Folsom, 95630 - 3 bed, 2 bath
ACTIVE$470,000$1,155/sqft
Est. Value: $403,298
-14%
AboveEstimate
617 Wales Drive, Folsom, CA 95630
3Beds
2Baths
1,155Sqft
7,540Lot
Price Vs. Estimate
The estimated value ($403,298.235) is $66,701.765 (14%) lower than the list price ($470,000). This property may be overpriced.
Key pros and cons
Top 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 = 7540, living area = 1155.
Top Cons:
Requires Extensive Renovation: Explicitly stated as a 'fixer-upper,' the property will require significant time, effort, and financial investment to bring it to modern standards and maximize its potential.
Compared to the nearby listings
Price:$470.0K vs avg $735.0K ($-265,000)14%
Size:1,155 sqft vs avg 2,113 sqft3%
Price/sqft:$407 vs avg $36972%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, this property is explicitly marketed as a 'fixer-upper' and 'as-is sale,' requiring substantial rehabilitation. The kitchen features severely outdated white cabinets, worn laminate countertops, an old electric range, and an older dishwasher, indicating no significant renovation in decades. Both bathrooms are also extremely outdated, with one featuring a pink tub and yellow plastic surround, and the other an old tiled shower and basic vanity. The original hardwood floors throughout the living areas and bedrooms are heavily worn and discolored, requiring refinishing or replacement. While the electrical panel appears updated and the water heater looks newer, the overall condition of the interior, particularly the kitchen and bathrooms, points to a property that needs extensive work to meet modern standards, aligning with the 'poor' classification.
Year Built
1959
Close
-
List price
$470K
Original List price
-
Price/Sqft
$407
HOA
$0
Days on market
-
Sold On
-
MLS number
226002695
Home ConditionPoor
Features
Patio
View-
About this home
Great opportunity in Folsom for this fixer-upper. As-is sale. A bit of TLC and this home will be shining again! Large covered patio and backyard. Great location is within walking distance to shopping, and restaurants.
T
Tammy Phillips
Listing Agent
Nearby schools
6/10
Theodore Judah Elementary School
Public,•K-5•0.4mi
6/10
Blanche Sprentz Elementary School
Public,•K-5•0.5mi
8/10
Folsom Middle School
Public,•6-8•0.5mi
7/10
Sutter Middle School
Public,•6-8•0.8mi
9/10
Folsom High School
Public,•9-12•1.8mi
9/10
Vista Del Lago High School
Public,•9-12•3.3mi
Condition Rating
Poor
Built in 1959, this property is explicitly marketed as a 'fixer-upper' and 'as-is sale,' requiring substantial rehabilitation. The kitchen features severely outdated white cabinets, worn laminate countertops, an old electric range, and an older dishwasher, indicating no significant renovation in decades. Both bathrooms are also extremely outdated, with one featuring a pink tub and yellow plastic surround, and the other an old tiled shower and basic vanity. The original hardwood floors throughout the living areas and bedrooms are heavily worn and discolored, requiring refinishing or replacement. While the electrical panel appears updated and the water heater looks newer, the overall condition of the interior, particularly the kitchen and bathrooms, points to a property that needs extensive work to meet modern standards, aligning with the 'poor' classification.
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 = 7540, living area = 1155.
Great Schools: High School: Folsom High School (9/10).
Desirable Location: The property boasts a prime location in Folsom, within walking distance to shopping and restaurants, offering convenience and a vibrant lifestyle.
Significant Investment Potential: Described as a 'fixer-upper' with 'TLC' needed, this property presents a strong opportunity for investors or homeowners to add substantial value through renovation.
Excellent School Access: Located within a highly-rated school district, with multiple well-regarded elementary, middle, and high schools nearby, making it attractive for families.
Ample Outdoor Space: Features a large covered patio and a generous 7,540 sqft backyard, providing excellent potential for outdoor living, entertaining, or gardening.
Established Neighborhood: Built in 1959, the home is likely situated in an established Folsom neighborhood, often characterized by mature trees and a strong community feel.
Cons
Requires Extensive Renovation: Explicitly stated as a 'fixer-upper,' the property will require significant time, effort, and financial investment to bring it to modern standards and maximize its potential.
Sold As-Is Condition: The 'as-is' sale condition means the seller will not make any repairs or provide concessions, placing the full burden of any necessary fixes or upgrades on the buyer.
Age-Related Updates Needed: Built in 1959, the home likely has original systems (e.g., plumbing, electrical, HVAC) and finishes that will require updating, potentially leading to unforeseen costs and project complexity.