NOT LISTED FOR SALE

1150 Pearson Rd Paradise, CA 95969

Estimated Value: $566,000 - $670,000

4 Beds
4 Baths
2,150 Sq Ft
$284/Sq Ft Est. Value

Last Sold May 03, 2019

Last sale price $350,000 $163 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $3,885/month

66 Days on Market

Highlights

  • 1.01 Acre Lot
  • Living Room
  • Central Heating and Cooling System
  • Private Yard
  • Laundry Room
  • Turnkey

About This Home

As of May 2019

Excellent investment opportunity! This well maintained property offers 2 standing units that are currently rented for $900 each/per month w/the potential of building at least 2 more units. Plenty of room as the property is 1.01 acre. Each unit is nicely layed out w/2BD's, 2BA's, 1,100 sq.ft. & offers an attached garage & laundry facilities. Air conditioning units were replaced in the last 5 years.

Last Agent to Sell the Property

Sheri Palade

Keller Williams Realty Chico Area License #01907447 Listed on: 01/25/2019

Keller Williams Realty Chico Area

Last Buyer's Agent

Susan Thomas

Century 21 Select Real Estate License #01049969

Century 21 Select Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,760

Year Built

  • Built in 1988

Lot Details

  • 1.01 Acre Lot
  • 1 Common Wall
  • Rural Setting
  • Level Lot
  • Private Yard
  • Front Yard

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Turnkey

Interior Spaces

  • 2,150 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Conventional Septic

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 054182079000

Community Details

Overview

  • 2 Buildings
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,100
  • Trash Expense $50
  • Water Sewer Expense $50
  • New Taxes Expense $4,000
  • Operating Expense $6,200
  • Gross Income $21,600
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,760

Year Built

Built in 1988

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 50.00
  • Zoning: 00
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 054182079000
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 162.79
  • Room Type: Living Room, Master Bedroom

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Heating Type: Central
  • Laundry Features: Common Area, In Garage
  • Sewer: Conventional Septic, Other
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Level, Yard
  • Lot Size Sq Ft: 43996.00
  • Lot Size Acres: 1.0100

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 21600.00
  • Gross Scheduled Income: 21600.00
  • Insurance Expense: 2100.00
  • Lot Size Area: 43996.0000 Square Feet
  • Net Operating Income: 15400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Dishwasher: 2
  • Operating Expense: 6200.00
  • Rent Control: No
  • Total Actual Rent: 1800.00
  • Total Expenses: 6200.00

Tax Info

  • New Taxes Expense: 4000.00
  • Tax Census Tract: 23.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Apr 26, 2019
Sold by
Edgecomb Edwin M
Bought by
Volenski Donald O and Volenski Dina A
Seller's Agent
Sheri Palade
Keller Williams Realty Chico Area
Buyer's Agent
Susan Thomas
Century 21 Select Real Estate
List Price
$429,000
Sold Price
$350,000
Premium/Discount to List
-$79,000
-18.41%
Current Estimated Value
$610,618

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,618
Avg. Annual Appreciation
9.00%

Purchase Details

Closed on
Dec 27, 2017
Sold by
Edgecomb Edwin M
Bought by
Edjecomb Edwin M

Purchase Details

Closed on
Aug 16, 2017
Sold by
Edgecomb Edwin M
Bought by
Edgecomb Edwin M

Purchase Details

Closed on
Jan 15, 2015
Sold by
Carr Donald W
Bought by
Edwin M & Jonita S Edgecomb 2000 Trust

Purchase Details

Closed on
Mar 6, 2012
Sold by
Becker Nicholas L
Bought by
Becker Nicholas L and Becker Marion L

Purchase Details

Closed on
Dec 26, 2000
Sold by
Edgecomb Edwin M
Bought by
Edgecomb Edwin M and Edgecomb Jonita S
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Volenski Donald O $350,000 Mid Valley Title & Escrow Co
Edjecomb Edwin M -- None Available
Edgecomb Edwin M -- None Available
Edwin M & Jonita S Edgecomb 2000 Trust $267,000 Mid Valley Title & Escrow Co
Becker Nicholas L -- None Available
Edgecomb Edwin M -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2019 05/03/19 Sold $350,000 0.0% $163 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
03/19/2019 03/19/19 Price Changed $350,000 -18.4% $163 / Sq Ft
01/25/2019 01/25/19 For Sale $429,000 -- $200 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,760 $734,099 $139,437 $594,662
2024 $7,760 $719,705 $136,703 $583,002
2023 $7,757 $705,594 $134,023 $571,571
2022 $7,611 $691,760 $131,396 $560,364
2021 $7,448 $678,197 $128,820 $549,377
2020 $3,806 $357,000 $127,500 $229,500
2019 $2,507 $232,966 $75,631 $157,335
2018 $4,083 $382,643 $74,149 $308,494
2017 $3,990 $375,142 $72,696 $302,446
2016 $3,836 $367,787 $71,271 $296,516
2015 $3,004 $286,728 $60,584 $226,144
2014 $2,949 $281,113 $59,398 $221,715
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN19018806

California Regional Multiple Listing Service (CRMLS)

APN: 054-182-079-000