For sale

$210,000

Est. $1,405/mo —

•

2,052

sq ft

10480 Lee Settlement Rd, Folsom, LA 70437

About this home

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!

Single-familyProperty Type

2000Year Built

5 acresLot Size

$102Price/Sq.Ft.

1 spaceParking

Listed by Austin Marquette • Compass Mandeville

Listing updated: Jul 11, 2026 at 11:00am

Redfin checked: a few seconds ago

•Source:GSREIN #2558150

Payment calculator

$1,405 per month

Principal and interest$1,146

Property taxes

$77

HOA dues

Home insurance

$182

Utilities

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Open houses

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Nearby open houses (3)

Around this home

Schools

K - 12
Preschool & daycare

Folsom Elementary School

Public PreK-5 • Assigned • 3.0mi

9/10

Folsom Junior High School

Public 6-8 • Assigned • 1.5mi

9/10

Covington High School

Public 9-12 • Assigned • 11.7mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

10480 Lee Settlement Rd · $210,000

Strong offer

$210K and above

75% chance or better to win

Why $210K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 54 days.

SALE-TO-LIST

Most homes are selling 3% below list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Dining

Interior features
Screened windows
Jetted tub

Bathrooms
2 full bathrooms

Kitchen
Dishwasher
Disposal
Microwave
Oven
Range
Refrigerator

Heating & cooling
Central heating
Central air conditioning

Sale and tax history for 10480 Lee Settlement Rd

Sale History
Tax History

Date

Event

Price

GSREIN #2558150

May 14, 2026

Listed

$210,000

$102/sq ft

AcadianaMLS #NO2558150

May 14, 2026

Listed

$210,000

$102/sq ft

+33

GSREIN #2515809

Sep 5, 2025

Rental Removed

$1,400

$1/sq ft

Aug 8, 2025

Listed for Rent

$1,400

$1/sq ft

AcadianaMLS #NO2495019

Apr 4, 2025

Listed

$210,000

$102/sq ft

GSREIN #2489214

Mar 15, 2025

Rental Removed

$1,400

$1/sq ft

Mar 3, 2025

Listed for Rent

$1,400

$1/sq ft

GSREIN #2436631

Mar 1, 2024

Sold

$165,000

$80/sq ft

Mar 1, 2024

Listed

$165,000

$80/sq ft

AcadianaMLS #NO2436631

Mar 1, 2024

Listed

$165,000

$80/sq ft

GSREIN #1

Mar 2, 2022

Price Changed

$90,000

$44/sq ft

Jan 27, 2022

Price Changed

$99,500

$48/sq ft

AcadianaMLS #NO2328972

Dec 24, 2021

Listed

$90,000

$44/sq ft

AcadianaMLS #NO2320304

Oct 25, 2021

Listed

$120,000

$58/sq ft

Public Records

Dec 19, 2002

Sold

$37,500

$18/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$926 (+76.0%)

$4,500 + $2,970

$7,470

2024

$526 (−8.7%)

$1,126 + $2,970

$4,096

2023

$576

$1,127 + $3,000

$4,127

2022

$576 (+0.2%)

$1,127 + $3,000

$4,127

2021

$575 (−0.2%)

$1,127 + $3,000

$4,127

2020

$576 (−10.8%)

$1,127 + $3,000

$4,127

2019

$646 (−0.1%)

$645 + $3,856

$4,501

2018

$646 (−1.8%)

$645 + $3,856

$4,501

2017

$658 (−0.3%)

$645 + $3,856

$4,501

2016

$660 (+2.6%)

$645 + $3,856

$4,501

2014

$643 (+0.4%)

$624 + $3,726

$4,350

2013

$641

$624 + $3,726

$4,350

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

5 Acres

Year renovated

—

Finished Sq. Ft.

1,168

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,168

Year built

2003

Style

Single Family Residential

County

St. Tammany Parish

APN

17041

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 29, 2026.

R-1

MHO

Rural Residential District.

The R-1 Rural Residential District is intended to provide a single-family residential environment at a low-density level. The R-1 District is located primarily in less populated areas where the character of the area should be preserved through low densities. To protect the intention of the district, permitted activities are limited to single-family dwellings, certain specified agricultural, and utility uses. All commercial uses are prohibited in the R-1 District.

Zone overlays

Mobile Home Overlay District
Rural Overlay District

Permitted uses

Include but are not limited to:

Agriculture
Greenhouse / nursery
Housing-Single unit
Wastewater treatment

Oct 7, 2025 • Final

Residential

Update the name on an existing mobile home permit.

Electrical

Mar 31, 2025 • Final

Residential mobile home connection

Connect a residential mobile home to the water and sewer system.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

8/10 Heat Factor

7 days above 108° expected this year, 19 days in 30 years

9/10 Wind Factor

99% chance of strong winds in next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Folsom, LA • 70437

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

100/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 1% for direct sun exposure in Folsom. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.7 hrs

7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 10480 Lee Settlement Rd

$204,444

$5,556 under list price of $210K

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $160K to $349K.

SOLD APR 27, 2026
$243,000 Last sold price
4 beds2 baths1,873 sq ft
50029 Creekside Dr, Loranger, LA 70446
$28/sq ft
smaller lot
4 years newer
SOLD JAN 30, 2026
$159,900 Last sold price
4 beds2 baths2,432 sq ft
27115 Reid Dr, Loranger, LA 70446
$36/sq ft
smaller lot
18 years newer
SOLD MAY 15, 2026
$215,000 Last sold price
3 beds2 baths1,640 sq ft
11118 Hwy 1077, Folsom, LA 70437
$29/sq ft
larger lot
22 years newer
SOLD MAY 12, 2026
$264,000 Last sold price
3 beds2 baths1,409 sq ft
12411 Hay Hollow Rd, Folsom, LA 70437
$85/sq ft
19 years newer
SOLD AUG 21, 2026
$349,000 Last sold price
3 beds2.5 baths2,620 sq ft
205 Henri St, Folsom, LA 70437
$31/sq ft
smaller lot
2 years older
SOLD APR 23, 2026
$299,000 Last sold price
4 beds3 baths1,975 sq ft
80262 N Willie Rd, Folsom, LA 70437
$49/sq ft
15 years older

Rental earnings

Est. $2,501 per month, based on comparable rentals

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