10480 Lee Settlement Rd

$210,000
Price
4
Beds
2,052 Sq. Ft.
$102 / Sq. Ft.
2,052
Sq. Ft.
$102
per Sq. Ft.

Description

MAY QUALIFY FOR 3.5% DOWN FHA LOAN! 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...MAY QUALIFY FOR 3.5% DOWN FHA LOAN! 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!

Listing Agent

Property Details for 10480 Lee Settlement Road

Architectural Style
Modular
Subdivision Name
Not a Subdivision
LISTING UPDATED: 10/03/2025 12:22 PM

Property Details for 10480 Lee Settlement Road

StatusActive
MLS #2495019
Days on Market264
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMobile/Manufactured
MLS TypeResidential / Mobile/Modular/Manufact.
Year Built2000
Lot Size-
CountySt. Tammany Parish
Buyer's Agent Compensation2.5%

Location

Add your commute

Building Information for 10480 Lee Settlement Road

Stories1Residences-Year Built2000Lot Size-

Payment Calculator

$1,082 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,038

Property Taxes

$44

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10480 Lee Settlement Road

Summary
Location and General Information
  • Directions: Hwy 25 north just after Folsom left on Hay Hollow. Left on Lee Settlement. Turn left on Cypress property on left. Bounding Streets: Hay Hallow
  • Latitude: 30.64
  • Longitude: -90.23
  • MLS Area Minor: ST. TAMMANY
  • Year Built: 2,000
  • In City Limits: 0
Parking
  • Parking Features: Driveway
Taxes and HOA
  • Association Amenities: Subd Acreage
  • Association Name: N/A
  • Association: No
  • Tax Lot: 0
Virtual Tour
Property
Lot Information
  • Building Area Total: 2052.0
  • Living Area: 2052.0
  • Living Area Source: Appraiser
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 150x410x784x150x749x668
Property and Assessments
  • Home Warranty: No
  • Parcel Number: 17041
  • Property Sub Type: Mobile/Modular/Manufact.
  • Property Type: Residential
  • Overall Condition: Very Good
Utilities
  • Sewer: Septic Tank
  • Water Source: Well
  • GS Utilities Gas: Propane
  • EL Utilities Elec: CLECO
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Modular/Panelized
  • Fencing: None
  • Foundation Details: Pillar/Post/Pier
  • Pool Private: No
  • Roof: Metal
  • Stories: 1
Interior Features
  • Appliances: Disposal, Dishwasher, Microwave, Range, Refrigerator
  • Bathrooms Full: 2
  • Bathrooms Partial: 0
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Heating: Central
  • Window Features: Screens
  • Bathrooms Display: 2/0
Room Information
Room Information
  • BA Master Bath: MBA Tub: Jetted

Property History for 10480 Lee Settlement Road

DateEvent & SourcePriceAppreciation
Apr 4, 2025

Listed (Active)

ROAM MLS #NO2495019

$210,000—
Mar 1, 2024

Sold (Public Record)

Public Record #1528457305

—
Mar 1, 2024

Sold

ROAM MLS #NO2436631

—
Mar 1, 2024

Contract Signed

ROAM MLS #NO2436631

—
Mar 1, 2024

Listed (Active)

ROAM MLS #NO2436631

$165,000—
Mar 27, 2022

Temporarily Off Market

ROAM MLS #NO2328972

$90,000—
Dec 24, 2021

Listed (Active)

ROAM MLS #NO2328972

$120,000—
Dec 22, 2021

Permanently Off Market

ROAM MLS #NO2320304

$120,000—
Oct 25, 2021

Listed (Active)

ROAM MLS #NO2320304

$120,000—
DateEvent & SourcePrice
04/04/2025

Listed (Active)

ROAM MLS #NO2495019

$210,000
03/01/2024

Sold (Public Record)

Public Record #1528457305

—
03/01/2024

Sold

ROAM MLS #NO2436631

—
03/01/2024

Contract Signed

ROAM MLS #NO2436631

—
03/01/2024

Listed (Active)

ROAM MLS #NO2436631

$165,000
03/27/2022

Temporarily Off Market

ROAM MLS #NO2328972

$90,000
12/24/2021

Listed (Active)

ROAM MLS #NO2328972

$120,000
12/22/2021

Permanently Off Market

ROAM MLS #NO2320304

$120,000
10/25/2021

Listed (Active)

ROAM MLS #NO2320304

$120,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10480 Lee Settlement Road

Taxable ValueLand$1,126Additions$2,970Total$4,096
Tax Record2024$526 ($44 / month)
Home Facts
Beds0Total Finished SqFt1,168 SqFtAbove Grade Finished SqFt1,168 SqFtLot Size217,800 SqFtStyleMiscellaneous ResidentialYear Built2003CountySAINT TAMMANYAPN17041

Schools near 10480 Lee Settlement Road

This home is within St. Tammany Parish School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Folsom Elementary School
PublicPK to 5

Folsom Junior High School
Public6 to 8

Covington High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

10480 Lee Settlement Road is a mobile/manufactured home for sale in Folsom, LA 70437. This property was listed for sale on April 4, 2025 by Compass, it's currently listed at $210,000. It has been on the market for a total of 264 days and was last sold on March 1, 2024. This listing's school district is St. Tammany Parish School District. Nearby schools include Folsom Elementary School, Folsom Junior High School and Covington High School. 10480 Lee Settlement Road is a 4-bed, 2-bath, 2,052 sqft mobile/manufactured home built in 2000.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ROAM MLS, Gulf Coast Association of REALTORS, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS Logos. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ROAM MLS, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Association of REALTORS.Listing information Copyright© 2025 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.