NOT LISTED FOR SALE

1243 4th Ave Oroville, CA 95965

Estimated Value: $226,000 - $292,640

4 Beds
1 Bath
1,990 Sq Ft
$130/Sq Ft Est. Value

Last Sold December 22, 2015

Last sale price $135,000 $68 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,603/month

18 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Traditional Architecture
  • Neighborhood Views
  • Property is near a park
  • Private Yard
  • 2-minute walk to Sank Park

About This Home

As of December 2015

This well-maintained duplex in the historic district of Oroville (Earl Stanley Gardner is reported to have lived here.) is spacious with high ceilings. The front unit is 2 bedrooms/1 bath with a vintage claw foot tub. The back unit is two bedroom with a 3/4 bath (shower only.)

The front unit has washer/dryer hook-ups in the large kitchen area. The back unit has a utility room with washer and dryer hook-ups and utility sink.

The roof and skirting are new. The front unit has central gas heat. The back unit has a stand-up gas heater in the living room that is less than 1 year old. Both units have recent model self-cleaning ranges, refrigerators, and evaporative coolers.

Monthly gross rent is $1350. There is only one water meter, so owner pays water. Current owner has been paying garbage. Tenants pay PG&E and are responsible for landscape maintenance.

There are indications the house was converted to a duplex during WWII. The property is zoned as single unit. City has told owner that they are not concerned about the dual units, but if the property were to be destroyed, it would have to be rebuilt as a single family dwelling.

These units could easily be re-converted into a large 4 bedroom, 2-3 bath single family home.

Last Agent to Sell the Property

Margaret Salerno

Mason McDuffie-associated License #01781277 Listed on: 10/12/2015

Last Buyer's Agent

Tara Iorg

LPT Realty License #01408937

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,945

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Glass Fence
  • Wood Fence
  • Fence is in average condition
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard
  • Back and Front Yard

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Permanent Foundation
  • Raised Foundation
  • Frame Construction
  • Cellulose Insulation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,990 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Utility Room
  • Neighborhood Views

Kitchen

  • Gas Range
  • Range Hood
  • Recirculated Exhaust Fan

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near a park
  • Urban Location

Utilities

  • Evaporated cooling system
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Radiant Heating System
  • Vented Exhaust Fan
  • Gas Water Heater
  • Satellite Dish

Listing and Financial Details

  • Tenant pays for ada upgrades, cable TV, electricity, gas
  • Assessor Parcel Number 012071008000

Community Details

Overview

  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Electric Expense $30
  • Insurance Expense $414
  • Maintenance Expense $1,000
  • Trash Expense $652
  • Water Sewer Expense $886
  • New Taxes Expense $1,539
  • Gross Income $1,350
  • Net Operating Income $11,679

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,945

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Inclusions: 2 refrigerators, 2 ranges, 2 evaporative coolers
  • Other Phone Description: 530 589-9117
  • Other Phone Number: 530 487-2355
  • Price Per Unit: 69000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 886.00
  • Architectural Style: Traditional
  • Property Type: Residential Income
  • Parcel Number: 012071008000
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Tile, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 67.84
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom, Utility Room
  • Window Features: Double Pane Windows

Exterior Features

  • Direction Faces: West
  • Foundation: Permanent, Concrete Perimeter, Pillar/Post/Pier, Raised
  • Exterior Features: Rain Gutters, Satellite Dish
  • View: Neighborhood
  • Fencing: Average Condition, Glass, Privacy, Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No
  • Construction Materials: Cellulose Insulation, Frame, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater, Range Hood, Refrigerator, Recirculated Exhaust Fan, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry, Electricity - On Property
  • Heating Type: Central, Radiant
  • Laundry Features: Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Kitchen, Inside, Individual Room, Washer Hookup
  • Trash Expense: 652.00
  • Water Source: Public
  • Cooling: Evaporative Cooling, Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Storm Drains, Urban

Lot Info

  • Lot Features: Back Yard, Front Yard, Level, Rectangular Lot, Paved, Park Nearby, Yard
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 17.22
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: ADA Upgrades, Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 155
  • Average2 Bed Area: 150
  • Average3 Bed Area: 155
  • Electric Expense: 30.00
  • Gross Income: 1350.00
  • Gross Scheduled Income: 16200.00
  • Insurance Expense: 414.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 1000.00
  • Net Operating Income: 11679.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 4521.00
  • Rent Control: No
  • Total Actual Rent: 1350.00

Tax Info

  • New Taxes Expense: 1539.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2015
Closed on
Dec 15, 2015
Sold by
Salerno Luis and Salerno Margaret
Bought by
Harvey Alford E and Harvey Trachelle
Seller's Agent
Margaret Salerno
Mason McDuffie-associated
Buyer's Agent
Tara Iorg
LPT Realty
List Price
$138,000
Sold Price
$135,000
Premium/Discount to List
-$3,000
-2.17%
Current Estimated Value
$258,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,910
Avg. Annual Appreciation
6.83%
Original Mortgage
$101,250
Outstanding Balance
$79,964
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$178,946
Source: Public Records

Range of Values:

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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
Harvey Alford E $135,000 Mid Valley Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harvey Alford E $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2015 12/22/15 Sold $135,000 -2.2% $68 / Sq Ft
10/30/2015 10/30/15 Pending -- -- --
10/12/2015 10/12/15 For Sale $138,000 -- $69 / 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 $2,945 $159,806 $35,511 $124,295
2024 $2,945 $156,673 $34,815 $121,858
2023 $2,847 $153,602 $34,133 $119,469
2022 $2,694 $150,591 $33,464 $117,127
2021 $2,622 $147,639 $32,808 $114,831
2020 $2,527 $146,126 $32,472 $113,654
2019 $2,501 $143,262 $31,836 $111,426
2018 $2,434 $140,454 $31,212 $109,242
2017 $2,383 $137,700 $30,600 $107,100
2016 $2,349 $135,000 $30,000 $105,000
2015 $1,678 $79,318 $21,850 $57,468
2014 $1,583 $77,765 $21,422 $56,343
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR15224578

California Regional Multiple Listing Service (CRMLS)

APN: 012-071-008-000