502 Riley St, Folsom, CA 95630
SOLDAPR 5, 2024

502 Riley St
Folsom, CA 95630

Historic Folsom
  • Studio
  • 3,416 sqft (on 0.32 acres)
  • Studio
  • 3,416 sqft (on 0.32 acres)

$1,100,000

Last Sold: Apr 5, 2024
4% below list $1.15M
$322/sqft
Est. Refi. Payment $6,966/mo*

Homes for Sale Near 502 Riley St

Local Information

map showing home location
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-- mins to
Commute Destination

Description

This property is no longer available to rent or to buy. This description is from April 10, 2024
Exceptional commercial opportunity in Historic Folsom. Located at 502 Riley Street, this property is situated along a major thoroughfare with traffic count above 20,000 according to a 2017 study. Offering a generous 3400 square feet of Gross Living Area, this property offers a myriad of use possibilities including a freestanding preschool or daycare. Currently zoned R-4 for preschool use up to 40 children, this zoning is grandfathered'' in to ensure seamless operations. Accessibility is very convenient with two driveways, ingress on Mormon and egress on Riley. Ample parking on site with 9 designated spaces marked for visitors and up to 5 alley spaces marked for staff members. Beyond its practicality, the property's curb appeal is enhanced by low-maintenance vinyl siding, preserving its classic charm while minimizing upkeep demands. Moreover, the vast shaded playgroup area offers a safe and enjoyable space for children to explore and play. Don't miss this extraordinary opportunity to own this exceptional property and secure a piece of historic Folsom.

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$322/sqft
Listed
180+ days ago

Home Details for 502 Riley St

Interior Features

Dimensions and Layout
Living Area: 3416 Square Feet
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: OtherHas HeatingHeating Fuel: Other
Windows, Doors, Floors & Walls
Flooring: Other
Levels, Entrance, & Accessibility
Stories: 2Floors: Other

Exterior Features

Parking & Garage
No CarportNo GarageHas Open ParkingParking Spaces: 10Parking: Uncovered

Property Information

Year Built
Year Built: 1959
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Construction Materials: Wood

Price & Status

Price
List Price: $1,150,000Price Per Sqft: $322/sqftPrice Range: $1,100,000 - $1,150,000

Active Status

MLS Status: Closed

Location

Direction & Address
City: Folsom

Building

Building Area
Building Area: 3416 Square Feet

HOA

Association for this Listing: MetroList Services, Inc.No HOA

Lot Information

Lot Area: 0.32 acres

Listing Info

Special Conditions: Standard

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Compensation

Buyer Agency Commission: 2.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 223080451
Last check for updates: about 12 hours ago
Listed by Paul Boudier
Keller Williams Realty
Bought with: Lakota Verberne, eXp Realty of California Inc.
Originating MLS: MetroList Services, Inc.
Source: MetroList Services of CA, MLS#223080451

Price History for 502 Riley St

DatePriceEventSource
04/05/2024$1,100,000Sold
MetroList Services of CA #223080451
01/12/2024$1,150,000PendingMetroList Services of CA #223080451
12/06/2023$1,150,000PendingToActiveMetroList Services of CA #223080451
10/19/2023$1,150,000PendingMetroList Services of CA #223080451
08/21/2023$1,150,000Listed For SaleMetroList Services of CA #223080451

Property Taxes and Assessment

Year2023
Tax$2,970
Assessment$272,068
Home facts updated by county records

Comparable Sales for 502 Riley St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.25
Multi-Family Home
$1,110,000
08/09/23
8
4
2,600
1.12
Multi-Family Home
$839,000
07/12/23
8
4
3,636
1.80
Multi-Family Home
$529,000
04/02/24
3
2
968
1.87
Multi-Family Home
$525,000
04/25/24
4
2
1,456
2.75
Multi-Family Home
$560,000
06/12/23
4
2
1,958
3.11
Multi-Family Home
$430,000
05/05/23
3
2
1,522

Assigned Schools

These are the assigned schools for 502 Riley St.
GreatSchools ratings are based on test scores and additional metrics when available.
Check with the applicable school district prior to making a decision based on these schools. Learn more.

Neighborhood Overview

See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Historic Folsom

  • Trulia User
    "We are staying at a local Bed & Breakfast. The area is very pleasant and nice to enjoy and walk around. Highly recommended"
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  • Charli
    "the city sends out monthly magazines for what activities are available for the month!! it's a really cool way to keep the community feel."
    3
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  • Andrea
    "There is a public transportation line within 10 minute drive or a 20 min walk for commute access to downtown. I drive to the Ranch Area which takes 20 minutes in the morning. "
    0
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  • Cultjam
    "In Cobble Ridge, while walking my dog on her leash, I’ve had other dogs run up on us at least 10 times in the last 6 months. Kind of annoying that neighbors just let them run free. "
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  • Sam
    "Very conservative town. Otherwise a beautiful place to live. Enjoy the river and lakes. And the trails, they’re stunning. "
    1
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  • Danicadarlingg
    "Farmers markets, Folsom Live, Christmas Tree Lighting, Cattle Drive. Bike trails. Easy and quick access to river and lake. "
    2
    Flag
  • Kathleen N.
    "We have a little park, and there are neighborhood events. The American River Parkway, restaurants, weekly farmer's market, light rail, and shopping are only a five-minute walk away. "
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  • Andrea
    "There are wonderful parks and a great trail system for cycling, running etc. Old Folsom is lively with restaurants, shops, music venues , breweries, tap houses, wine bars and a few cool things to do. "
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  • Jarheadsm47
    "There are only twelve homes arranged in a circle. It's gated, hundred yards from the rodeo grounds, the river, and bike trail. Old Folsom is a short walk and Light rail is a mile away. Association fees are $100 a month. "
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  • Jobekah
    "Lived here since 1972 A quaint, clean, safe, historic neighborhood with well defined landscape, friendly neighbors, properties that are well maintained by the owners, pride and involvement in the community. We have a majority of all conveniences and offerings: The Metro, New Library facilities blocks away, historic Sutter Street at the end of the hill, restaurants galore, pubs, live theatre,and movie theatres, retail and antique stores, 5 major grocery stores, major box store less than a mile away, churches, hospitals, doctors, dentists, specialists, outlet stores, major and small strip malls, senior center, acquatic park and sports fields, banks and services of every size and description. We have a caring and active city council that has its eyes on the future and the now of our growth and development. Real Estate is not on the market for very long, if you can find any at all in the historic neighborhoods they are particularly difficult to find for sale and go fast and people stay and put down roots. It is the best and most coveted designation for all financial stratas to find a home. Folsom is family, Folsom is friendly, Folsom is home! "
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Homes for Rent Near 502 Riley St

Off Market Homes Near 502 Riley St

502 Riley St, Folsom, CA 95630 is a studio, 3,416 sqft multi-family built in 1959. 502 Riley St is located in Historic Folsom, Folsom. This property is not currently available for sale. 502 Riley St was last sold on Apr 5, 2024 for $1,100,000 (4% lower than the asking price of $1,150,000). The current Trulia Estimate for 502 Riley St is $1,102,600.