445 Hazel Ave

• Potential for High Maintenance Costs: Without knowing the construction year, it is difficult to estimate potential maintenance costs. Older homes may require significant repairs, including roof replacement (estimated cost: $10,000-$15,000), HVAC system upgrades ($5,000-$10,000), and electrical rewiring ($3,000-$8,000). • Septic and Well Water Risks: If the property relies on a septic system, potential issues such as clogs, leaks, or system failure can lead to costly repairs or replacements. Similarly, well water can be subject to contamination, requiring ongoing testing and treatment. • Flood Risk and Insurance Costs: Given Folsom's location near Ridley Creek, the property may be at risk of flooding. Flood insurance premiums can be substantial, potentially adding several hundred to thousands of dollars to annual ownership costs. • Limited Commercial Development: Folsom's lack of local amenities may make it less attractive to buyers who value convenience and proximity to shopping, dining, and entertainment options. This could impact the property's resale value. • Unknown Utility Costs: The absence of utility information makes it difficult to estimate monthly expenses. Older homes may be less energy-efficient, resulting in higher heating, cooling, and water bills.