Home sales at Folsom Ranch spike
Model home construction began last month in Folsom Ranch, and Taylor Morrison opened a neighborhood sales center in a trailer on June 21. Already, 24 homes have been sold with a waiting list of dozens more.
“As of last week, Taylor Morrison had sold 16 homes in the Azure neighborhood and eight homes in the Dakota neighborhood,” said Folsom Ranch Spokesman Ian Cornell. “Their sales team knew the demand for new homes in Folsom would be great and joked that they wished they could build the homes faster to keep up with the buyers.”
The home builders and Folsom Ranch have been maintaining interest lists which now total more than 4,000 names.
While many who have been following the project on social media predicted the homes would be bought primarily by Bay Area transplants, the opposite has been true so far.
More than 90 percent of the homes have been purchased by current Folsom residents, according to Taylor Morrison sales records. The waiting lists of qualified buyers also reflect that local emphasis.
“The home buyers are predominantly families who are moving from apartments in Folsom,” Cornell said. “A smaller number are current renters of single-family homes and only one of the buyers has a home to sell before moving to Folsom Ranch.”
The two Taylor Morrison neighborhoods total 206 home sites. Framing is complete, roofs are installed and the interiors are being finished on the four model homes which are located north of White Rock Road and east of East Bidwell Street/Scott Road off Mangini Parkway.
Azure at Folsom Ranch has homes from 1,784-to-2,768 square feet with three-to-five bedrooms and two to three baths, priced from the high $400,000s. Dakota at Folsom Ranch features homes from 1,891-to-3,063 square feet with three-to-four bedrooms and two-to-three-and-a-half baths, priced from the low $500,000s.
For information on the homes being built by Taylor Morrison, call 916-686-7470.
Lennar has two neighborhoods totaling 181 home sites with framing underway on the model homes at Folsom Ranch. According to the builder’s website, Copperwood at Folsom Ranch will feature homes from 2,287-to-3,230 square feet with three-to-five bedrooms and up to three-and-a-half baths. Oakleaf at Folsom Ranch will feature homes from 2,662-to-3,789 square feet with three-to-five bedrooms and up to four-and-a-half baths.
For more information on the two Lennar neighborhoods, call 916-312-2008.
As the site is built throughout the next 25-to-30 years, Folsom Ranch is planned to include a variety of housing types for Folsom families and the local workforce. Last month, the Folsom Cordova Unified School District released renderings of the first elementary school planned for the community. The new school is designed as a two-story single building that will accommodate 668 students in kindergarten through fifth grade. It is planned to open as early as 2020 based on population needs, according to Matt Washburn, director of facilities and planning for the district.
There are plans for five elementary schools, each immediately adjacent to a five-acre park site, as well as new middle and high schools. All of the schools are planned to be built at a pace reflecting the construction of new neighborhoods. The construction of the schools will be financially independent and at no cost to existing Folsom residents.
The Folsom Plan Area was the subject of a visioning process instituted by the City of Folsom with hundreds of residents at dozens of public hearings addressing a range of issues including land use, open space, transportation and financing. Their recommendations resulted in scenarios reviewed by the Folsom City Council in 2005, which ultimately evolved into the design adopted by the city seven years later. That design includes more than 1,000 acres of open space; 138 acres of parks; 30 miles of trails that will connect to the city’s extensive trail system; more than 500 acres of contiguous oak woodlands; new schools; a transit corridor and roadway improvements to enhance traffic flow; and up to 8,000 new jobs with a planned jobs/housing balance that will allow many residents to reduce or eliminate their commutes.
The 3,520-acre Folsom Plan Area was annexed into the City of Folsom in 2011. Planned in accordance with Measure W, a ballot measure passed by Folsom voters, landowners secured an independent water supply for the plan area. They are providing transportation improvements to mitigate traffic impacts, preserving 30 percent of the land as natural open space, and allowing for new schools, all at no cost to existing Folsom residents. The plan that met those requirements was adopted by the Folsom City Council in 2012 and is available on the City of Folsom’s website.
For more information on Folsom Ranch, go to FolsomRanch.com or call 916-790-9220.