4 beds2,052 sqft$102/sqft
10480 Lee Settlement Rd, Folsom, LA 70437
Est: $1,144/moGet pre-approved

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 UPDATED: 07/11/2026 11:08 AM

Listing Agent

  1. Austin Marquette

    Austin Marquette

    Listing Agent

    Compass

    P: (985)-778-5356

Property Details for 10480 Lee Settlement Road

Status
MLS #
2558150
Days on Market
88
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Mobile/Manufactured
MLS Type
Residential / Mobile/Modular/Manufact.
Year Built
2000
Lot Size
5.00 AC / 217,800 SF
Architectural Style
Modular
Subdivision Name
Not a Subdivision

Location

Add your commute

Building Information for 10480 Lee Settlement Road

Stories1Residences-Year Built2000Lot Size5.00 AC / 217,800 SF

Payment Calculator

$1,144 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,067

Property Taxes

$77

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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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: No
Parking
  • Parking Features: Driveway
Taxes and HOA
  • Association Amenities: Subd Acreage
  • Association Name: N/A
  • Association: No
  • Tax Legal Description: 5 ACS M/L SEC 6 5 10 L/E 20 FT R/WAY
  • Tax Lot: 0
Virtual Tour
Property
Lot Information
  • Building Area Total: 2052.0
  • Living Area: 2052.0
  • Living Area Source: Appraiser
  • Lot Size Acres: 5.0
  • 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
  • Exterior Features:
  • Fencing: None
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features:
  • Pool Private: No
  • Roof: Metal
  • Stories: 1
Interior Features
  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Bathrooms Full: 2
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Door Features:
  • 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
May 14, 2026

Listed (Active)

ROAM MLS #2558150

$210,000
Apr 4, 2026

Temporarily Off Market

ROAM MLS #2495019

$210,000
Sep 5, 2025

Contract Signed

ROAM MLS #2495019

DateEvent & SourcePrice
05/14/2026

Listed (Active)

ROAM MLS #2558150

$210,000
04/04/2026

Temporarily Off Market

ROAM MLS #2495019

$210,000
09/05/2025

Contract Signed

ROAM MLS #2495019

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

Public Records for 10480 Lee Settlement Road

Taxable ValueLand$4,500Additions$2,970Total$7,470
Tax Record2025$926 ($77 / month)
Home Facts
Beds0Total Finished SqFt1,168 SqFtAbove Grade Finished SqFt1,168 SqFtLot Size217,800 SqFtStyleSingle Family ResidenceYear 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.

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10480 Lee Settlement Road is a mobile/manufactured home for sale in Folsom, LA 70437. This property was listed for sale on May 14, 2026 by Compass, it's currently listed at $210,000. It has been on the market for a total of 88 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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. 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© 2026 MLS of ROAM, Gulf Coast, REALTOR Association of Acadiana and South West Louisiana Multiple Listing Service, Inc. All Rights Reserved.