825 Travis Street

The house at 825 Travis Street here in Prairie Oaks just went on the market today. This is a foreclosed (reo) property. It has 4 bedrooms, 3 baths, bonus or 5th bedroom. The master bedroom has a sitting area with fireplace. It does back to the greenbelt. Kitchen has a grey tile counter, oak cabinets. The paint is personalized and most people would want to repaint. The carpets are dirty, but might clean up. One of the bedrooms is downstairs. Light plates and socket plates are missing in a lot of places, but there are decent window coverings and not a lot of damage throughout the house. As always, I would recommend a home inspection. It is priced at $469,900 or $148.99/sq ft.

Other homes this size in Folsom for sale are $499,000 to $719,000. Since November 1, there is only 1 home pending in this similar size, age and it is pending at $479,000. One home has sold and that sold at $565,000.  Now that was a single story witth 3,212 square feet.  Highly desirable.

While pricing it at $469,900 will get a lot of attention, (I just took a look at it and already there had been 5 other agents in there) I don’t think it will sell for $469,900.  I suspect there will be mulitiple bids on this home, and it will sell for over asking price.