Folsom Top Home Pick

REO Homes For Sale in Folsom

My mission this past week was to take a look at the Folsom foreclosed homes and find my Top Pick.  Today there are 32 single family homes in for sale in  Folsom, that are bank owned.  Currently there are 29 bank owned that are pending.  In the past month 18 homes have closed escrow that were bank owned.    The average days on market for the sold homes, were 96, and only two of the sold homes sold for original list price.  The Folsom REO’s  sold for an average of 95.42% of list price.  It looks like even the banks are not understanding where the Folsom home prices are and are not pricing the homes where the buyers will buy them.

Folsom Foreclosed Homes For Sale

While none of the bank owned homes, in my opinion screamed a deal, I did see one that had personality, seemed well maintained and if it fit your needs, would be worth a look.  This home is an older home, built in 1975.  The kitchen has been remodeled and has newer (and nicer) cabinets, granite counters, stainless higher end appliances.    Wood floors throughout the home.  Larger master bedroom, with two sliders.   The home has 3 bedrooms, 2 baths and a 2 car garage.  Room for RV parking.  The backyard is huge (lot size is 10,280) and has a pool, with diving board.  This home has lots of custom woodwork.  The home is 1194 square feet.  It does have a wood-shake roof and you would want to have someone take a look at it, to see what kind of shape it is in. It is priced at $224,900.   My Folsom top pick home for sale is 113 Sierra Woods Circle.

To see this home or others, contact me!