NOT LISTED FOR SALE

1340 Pine St Oroville, CA 95965

Estimated Value: $432,000 - $454,000

6 Beds
3 Baths
2,744 Sq Ft
$162/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $425,000 $155 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,606/month

19 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 1-Story Property
  • Laundry Room
  • Front Yard
  • 5-minute walk to Rotary Park

About This Home

As of February 2024

Presenting a fantastic investment opportunity – a charming triplex nestled on a corner lot in the heart of Oroville. Just a stone's throw away from the delightful downtown area, this property is perfectly positioned for both convenience and allure, making it an attractive choice for tenants seeking a blend of small-town charm and urban accessibility. All three units feature a spacious & efficient layout, featuring 2 bedrooms and 1 bath; with an annual pro forma of $39,000+/yr. Whether you're looking to expand your portfolio or step into the world of real estate investment, this property presents a golden opportunity.

Last Agent to Sell the Property

Steven Depa

Re/Max of Chico License #00813533 Listed on: 01/11/2024

Re/Max of Chico

Last Buyer's Agent

Vina Bonifield

eXp Realty of Northern Califor License #02099993

eXp Realty of Northern Califor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,408

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot
  • Two or More Common Walls
  • Front Yard

Home Design

  • Triplex
  • Entry on the 1st floor

Interior Spaces

  • 2,744 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 012081014000

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $153
  • Insurance Expense $3,475
  • Trash Expense $1,171
  • Water Sewer Expense $2,988
  • New Taxes Expense $4,760
  • Operating Expense $12,547
  • Gross Income $3,125
  • Net Operating Income $24,953

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,408

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 2988.00
  • Zoning: R3
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 012081014000
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 154.88

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 1171.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Electric Expense: 153.00
  • Gross Income: 3125.00
  • Gross Scheduled Income: 37500.00
  • Insurance Expense: 3475.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 24953.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 12547.00
  • Rent Control: Yes
  • Total Expenses: 12547.00

Tax Info

  • New Taxes Expense: 4760.00
  • Tax Census Tract: 28.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 8, 2024
Sold by
Shoemaker F Lee
Bought by
Kirk Karson
Seller's Agent
Steven Depa
Re/Max of Chico
Buyer's Agent
Vina Bonifield
eXp Realty of Northern Califor
List Price
$425,000
Sold Price
$425,000
Views
21
Current Estimated Value
$443,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,683
Avg. Annual Appreciation
2.63%
Original Mortgage
$417,302
Outstanding Balance
$409,913
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$33,770
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
Kirk Karson $425,000 Mid Valley Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kirk Karson $417,302
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $425,000 0.0% $155 / Sq Ft
01/30/2024 01/30/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $425,000 0.0% $155 / Sq Ft
01/20/2024 01/20/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $425,000 -- $155 / 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 $3,408 $433,500 $86,700 $346,800
2024 $3,408 $162,238 $30,041 $132,197
2023 $3,489 $159,057 $29,452 $129,605
2022 $3,285 $155,939 $28,875 $127,064
2021 $3,191 $152,882 $28,309 $124,573
2020 $3,047 $151,315 $28,019 $123,296
2019 $3,021 $148,349 $27,470 $120,879
2018 $2,928 $145,441 $26,932 $118,509
2017 $2,875 $142,590 $26,404 $116,186
2016 $2,835 $139,795 $25,887 $113,908
2015 $2,715 $137,696 $25,499 $112,197
2014 $2,575 $139,755 $15,068 $124,687
Source: Public Records

Agents Affiliated with this Home

  • Steven Depa

    Seller's Agent in 2024

    Steven Depa

    RE/MAX

    (530) 520-8672

    6 in this area

    136 Total Sales

    Steven Depa
    Section Image

  • V

    Buyer's Agent in 2024

    Vina Bonifield

    eXp Realty of Northern Califor

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24004877

California Regional Multiple Listing Service (CRMLS)

APN: 012-081-014-000

California Butte County Oroville 95965

1340 Pine St, Oroville, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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