Beth Mergens Folsom Deal of the Week
June 16th, 2009 categories: Folsom CA, Folsom Lake, Folsom Lake Homes, Home buying
Real Estate Deals in Folsom CA 95630
As promised I would scour the landscape to find the best deal happening in Folsom CA this week and I’ve found a wonderful home listed in the coveted Briggs Ranch subdivision. This 3bedroom 2 bath was built in 1988 and is just under 1300 sqft. It has a 2 car garage and is approximately 1/6 of an acre.
Briggs Ranch is well known for it’s grammar school, proximity to Folsom Lake and mature landscaping. Additionally the fact that there are no Mello Roos fees or HOA’s keeps people who live there from selling and moving on. In fact, there are a number of neighbors who have bought and sold within this subdivision and the investor properties are few. This subdivision hosts many activities from July 4th parades to placing Christmas luminaries throughout the entire subdivision.
This home was posted on the MLS on June 12th and has a few offers in negotiations which is not unusual considering the $259,900 price tag. Although higher in price the location is what adds value given the excellent condition and favorable location but is still a deal at $204 per sq.ft. Because it is a short sale there is still a possiblity of landing this deal given the fickleness of today’s buyer.
Folsom currently has just under a 4 month supply of inventory with a median price at $355,000. The average price per sq.ft. is $178.00 but you have to remember that this is an average of all the homes sold in May 2009. If interested in conducting your own search just log on to my MLS search and let me help you get started finding your deal.
For related articles:
http://folsomlakehomes.com/2008/11/09/thanksgiving-day-race-in-folsom-ca/
http://folsomlakehomes.com/2008/10/29/folsom-soccer-membership-exceeds-3000/
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