98 Dean Way, Folsom, CA 95630, Folsom, 95630 - 3 bed, 2 bath
ACTIVE$630,000
98 Dean Way, Folsom, CA 95630
3Beds
2Baths
890Sqft
4,744Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Strong Investment Potential: The property is a versatile duplex, offering the flexibility for an owner to live in one unit while renting the other, or to generate income from both units, making it an attractive investment.
Top Cons:
Age of Property: Built in 1962, the property is over 60 years old, which may indicate the presence of older systems (plumbing, electrical, HVAC) that could require future maintenance or upgrades.
Compared to the nearby listings
Price:$630.0K vs avg $637.5K ($-7,500)50%
Size:890 sqft vs avg 1,306 sqft50%
Price/sqft:$708 vs avg $40975%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, the property is over 60 years old. While one unit has received recent cosmetic updates including fresh paint, like-new laminate and tile flooring, and stainless steel appliances, the overall style of the kitchen (cabinets, countertops) and bathroom is functional but dated. The age of the property suggests major systems (plumbing, electrical, HVAC) are likely older and may require future maintenance or upgrades, preventing a 'Good' rating. It is maintained and livable, but shows its age with outdated features.
Year Built
1962
Close
-
List price
$630K
Original List price
-
Price/Sqft
$708
HOA
$0
Days on market
-
Sold On
-
MLS number
225113999
Home ConditionFair
Features
Good View:
View-
About this home
Charming Duplex with Strong Investment Potential! This versatile duplex offers two well-maintained units in a convenient location near schools, parks, and shopping. The first unit features 2 bedroom and 1 bath, currently occupied and providing immediate rental income. The second unit offers 1 bedroom and 1 bath, vacant and move-in ready with fresh paint, like-new laminate and tile flooring, and stainless steel appliances. Additional highlights include indoor laundry for everyday convenience. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property is a fantastic opportunity with both comfort and income potential.
Price History
Date
Event
Price
10/30/13
Sold
$255,000
02/08/13
Sold
$180,000
Condition Rating
Fair
Built in 1962, the property is over 60 years old. While one unit has received recent cosmetic updates including fresh paint, like-new laminate and tile flooring, and stainless steel appliances, the overall style of the kitchen (cabinets, countertops) and bathroom is functional but dated. The age of the property suggests major systems (plumbing, electrical, HVAC) are likely older and may require future maintenance or upgrades, preventing a 'Good' rating. It is maintained and livable, but shows its age with outdated features.
Pros & Cons
Pros
Strong Investment Potential: The property is a versatile duplex, offering the flexibility for an owner to live in one unit while renting the other, or to generate income from both units, making it an attractive investment.
Immediate Rental Income: One unit (2 bed/1 bath) is currently occupied, providing instant cash flow and reducing vacancy risk for the new owner.
Move-in Ready Unit: The second unit (1 bed/1 bath) is vacant and has been recently updated with fresh paint, like-new laminate and tile flooring, and stainless steel appliances, minimizing immediate renovation costs for a new tenant or owner.
Convenient Location: Situated in a desirable area of Folsom, the property boasts a convenient location near schools, parks, and shopping, enhancing its appeal to potential tenants.
Practical Amenities: Both units benefit from indoor laundry facilities, a highly sought-after amenity that adds convenience and value for residents.
Cons
Age of Property: Built in 1962, the property is over 60 years old, which may indicate the presence of older systems (plumbing, electrical, HVAC) that could require future maintenance or upgrades.
Compact Living Space: With a total of 890 sqft for both units (3 beds, 2 baths combined), the living spaces are relatively small, which might limit the tenant pool or perceived value compared to larger duplexes.
Inherited Tenancy: One unit is currently occupied, meaning the buyer will inherit an existing tenant and lease agreement, which could present limitations or complexities if the buyer intends to occupy that unit or make significant changes.