Property details
About 10480 Lee Settlement Rd
Unlock the potential of this versatile investment in the heart of Folsom, Louisiana. Situated on a 5-acre lot, this charming 4-bedroom, 2-bathroom mobile home offers a rare combination of rental income opportunity, land value, and long-term investment potential. If you're looking to generate steady cash flow through long-term rental this property is has a tenant already in place and positioned to start producing income. This well-maintained home features a spacious open floor plan with a large living area, functional kitchen, and a private primary suite with an en-suite bath. This property combines the serenity of country living with close proximity to amenities in Folsom and Covington. Utilities are already in place, and the property has plenty of potential for additional development of outdoor amenities. If you are looking to start generating cash flow on day one, this one's for you! MAY QUALIFY FOR 3.5% DOWN FHA LOAN!
Highlights
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator
- Interior: Jetted Tub
- Fireplace: None
- Total Bedroom Count: 4
- Parking: Driveway
- Architectural Style: Modular/Prefab
- Heating: Central
- Cooling: Central Air
- List Price: $210,000
- Price/SqFt: $102
- Annual Tax Amount: $0
- Tax Year: 2023
- Directions: Hwy 25 north just after Folsom left on Hay Hollow. Left on Lee Settlement. Turn left on Cypress property on left.
- Year Built: 2000
- Stories: 1
- Living Area: 2,052 SqFt
- MLS Number: 2495019
- MLS Name: NOMAR
- Office Name: LATTER & BLUM (LATT15)
- Office Phone: (985) 626-5695
- Office Email: priscilla.morse@compass.com
- Listing Agent: Austin Marquette
- Agent Phone: (985) 778-5356
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Last updated on: 7/30/2025, 11:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 01, 2024 | Home Sold | $165,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $4,127 | $0 |
| 2022 | $4,127 | $- |
| 2021 | $4,127 | $- |
| 2020 | $4,127 | $- |
| 2019 | $4,501 | $- |
| 2018 | $4,374 | $646 |
| 2017 | $4,501 | $658 |
History based on county public records data.
Nearby schools
5
Folsom Elementary School
Public District PK-5
2.9 mi
•82144 Highway 25
6
Loranger Elementary School
Public District PK-4
10.0 mi
•54101 Martin Street
9
Enon Elementary School
Public District PK-6
10.5 mi
•14058 Highway 16
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,659. Residents of Folsom, LA typically earn less than $<35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Pro Wrestling
Where do the neighbors shop?
Dollar General
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Cracker Barrel
What do the neighbors drive?
GMC
Ram
Dodge
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 10480 Lee Settlement Rd
The listing price of 10480 Lee Settlement Rd property is $210,000.
The property 10480 Lee Settlement Rd is a house located in Folsom, Louisiana, 70437.
Active Listing: 10480 Lee Settlement Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 10480 Lee Settlement Rd are: Folsom Elementary School (GreatSchools Rating 5/10), Loranger Elementary School (GreatSchools Rating 6/10), Enon Elementary School (GreatSchools Rating 9/10), Folsom Junior High School (GreatSchools Rating 7/10), Lee Road Junior High School (GreatSchools Rating 5/10), Loranger Middle School (GreatSchools Rating 5/10), Loranger High School (GreatSchools Rating 3/10), Covington High School (GreatSchools Rating 5/10), Hammond High Magnet School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $0 (source: MLS/based on county public records data).
The last sale was on March 1, 2024 for $165,000 (source: MLS/tax record).
The property at 10480 Lee Settlement Rd has 4 bedrooms and 2 bathrooms.
The property 10480 Lee Settlement Rd is 2,052 SqFt (source: MLS/tax record).
The year of construction for 10480 Lee Settlement Rd is 2000.
This home is located at 10480 Lee Settlement Rd in Folsom, LA and zip code 70437. This 2,052 square foot home was built in 2000. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 4, 2025 and is currently priced at $210,000.
Folsom, LA housing market in June 2025 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 1 sold below. In June 2025 in Folsom, LA there were 21.4% more homes for sale than in May. In June 2025, listings were on the market for 104 days. During the same period, the median list price in this real estate market was $418,500.