NOT LISTED FOR SALE

1378 State Highway 99 Gridley, CA 95948

8 Beds
5 Baths
3,369 Sq Ft
3.96 Acre Lot

Sale Details

Date Sold: December 30, 2016

Last sale price $1,100,000 $327 Per Sq Ft

50 Days on Market

Highlights

  • 3.96 Acre Lot
  • No HOA
  • Carpet
  • Gridley High School Rated A-
  • Cottage

About This Home

As of December 2016

Future commercial development opportunity with this 27 unit multi-family complex on 3.96 acres with several hundred feet of frontage along Hwy 99. Property is made up of 3 separate parcels. There are 27 units: 4 Studio, 12 ( 1 bd/1 ba), & 11 (2 bd/1 ba). Average unit is 612 SF. There are also 5 storage unit buildings that could be rented for storage or restored to studio cottages. Located within walking distance to Safeway, restaurants and banks. Several units have been remodeled in the last year. Wonderful income property with huge potential for commercial development in the future.

Last Agent to Sell the Property

Christy Bosanek

Coldwell Banker Associated Brokers License #01806823 Listed on: 07/26/2016

Coldwell Banker Associated Brokers

Last Buyer's Agent

Craig Hendy

Berkshire Hathaway HomeServices Heritage, REALTORS License #01394169

Berkshire Hathaway HomeServices Heritage, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 3.96

Home Design

  • Cottage
  • Cabin
  • Composition Roof
  • Stucco

Flooring

  • Carpet
  • Laminate

Parking

  • 1 Parking Space Included
  • Open Parking

Additional Features

  • 1-Story Property
  • 3.96 Acre Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 024-06-0003

Community Details

Overview

  • No Home Owners Association
  • 30 Buildings
  • 32 Units

Building Details

  • 27 Leased Units
  • 27 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

3.96 Acres

Listing Details

  • Property Type: Residential Income
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1947
  • Architectural Style: Cabin, Cottage/Bungalow
  • Number of Three Bedroom Units: 1
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2015

Interior Features

  • Appliances: Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet, Laminate

Exterior Features

  • Construction Materials: Stucco, Wood
  • Disclosures/Documents: Rental/Lease Agmts, None
  • Listing Price: 1549000.00
  • Patio And Porch Features: Varies by Unit
  • Roof: Composition

Garage/Parking

  • Parking Features: Open, Varies by Unit, 1 Space Per Unit

Utilities

  • Cooling: Varies by Unit
  • Heating: Varies by Unit

Condo/Co-op/Association

  • Association Features: Yard Space, Varies By Unit
  • Association: No

Schools

  • Senior High School District: Other

Lot Info

  • Zoning Description: C2 & R3
  • Lot Size Acres: 3.9600
  • Lot Size Sq Ft: 172498

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Total # Leasable: 27

Multi Family

  • Income Includes: Rent Only
  • Number of Leased Units: 27
  • Number of Month to Month Units: 27
  • Number of Units: 32
  • Units Furnished: None

Tax Info

  • Assessor Parcel Number: 024-06-0003

MLS Schools

  • School District (County): Other

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2016
Closed on
Dec 23, 2016
Sold by
Bought by
Seller's Agent
Christy Bosanek
Coldwell Banker Associated Brokers
Buyer's Agent
Craig Hendy
Berkshire Hathaway HomeServices Heritage, REALTORS
List Price
$1,549,000
Sold Price
$1,100,000
Premium/Discount to List
-$449,000
-28.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0394%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2015
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Old Republic Title Co
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,010,000
Closed $825,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2016 12/30/16 Sold $1,100,000 0.0% $1,797 / Sq Ft View Prior Sale
12/30/2016 12/30/16 Sold $1,100,000 -29.0% $327 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
09/14/2016 09/14/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $1,549,000 -0.1% $460 / Sq Ft
05/23/2016 05/23/16 For Sale $1,549,900 -- $2,533 / Sq Ft
Source: MetroList

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,270 $197,294 $98,647 $98,647
2024 $2,270 $193,426 $96,713 $96,713
2023 $2,258 $189,634 $94,817 $94,817
2022 $2,121 $185,916 $92,958 $92,958
2021 $2,077 $182,272 $91,136 $91,136
2020 $2,075 $180,404 $90,202 $90,202
2019 $2,039 $176,868 $88,434 $88,434
2018 $2,133 $173,400 $86,700 $86,700
2017 $2,096 $170,000 $85,000 $85,000
2016 $601 $28,971 $10,177 $18,794
2015 $1,015 $28,537 $10,025 $18,512
2014 $1,011 $27,979 $9,829 $18,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 16048571

MetroList
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