NOT LISTED FOR SALE

1507 Montgomery St Oroville, CA 95965

Estimated Value: $375,070 - $434,000

8 Beds
4 Baths
3,654 Sq Ft
$109/Sq Ft Est. Value

Last Sold December 24, 2014

Last sale price $202,500 $55 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,444/month

5 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Attic
  • No HOA
  • Craftsman Architecture
  • Lawn
  • 3-minute walk to Rotary Park

About This Home

As of December 2014

Charming building built in the 1920's featuring 4 2 bedroom 1 bath units. Dual pane windows throughout, updated carpet and flooring in most units, built in microwaves in the updated kitchens, newer window A.C. units that are included in the sale, off street parking, laundry room, updated front yard landscaping, centrally located in downtown Oroville near services, shopping and entertainment. Run the numbers, you'll be pleased with the results.

Last Agent to Sell the Property

Adam Fedeli

Chico Homes License #01175184 Listed on: 11/03/2014

Last Buyer's Agent

Tara Anderson

The Group License #01860993

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Wood Fence
  • Chain Link Fence
  • Rectangular Lot
  • Gentle Sloping Lot
  • Front Yard Sprinklers
  • Lawn

Home Design

  • Craftsman Architecture
  • Property Attached
  • Brick Exterior Construction
  • Brick Foundation
  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,654 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Blinds
  • Window Screens
  • Panel Doors
  • Neighborhood Views
  • Attic

Kitchen

  • Gas Cooktop
  • Microwave

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Parking Available
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 012081009000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $50
  • Insurance Expense $190
  • Professional Management Expense $150
  • Trash Expense $120
  • Water Sewer Expense $90
  • New Taxes Expense $300
  • Gross Income $2,450
  • Net Operating Income $18,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1920 | Remodeled

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Inclusions: Stoves, refridgerators, Washer/Dryer, A.C. Units.
  • Professional Management Expense: 150.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 90.00
  • Architectural Style: Craftsman
  • Property Condition: Updated/Remodeled
  • Property Type: Residential Income
  • Gardener Expense: 50.00
  • Parcel Number: 012081009000
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Yes
  • Door Features: Panel Doors
  • Levels: Two
  • Price Per Square Foot: 55.42
  • Room Type: Attic, All Bedrooms Down
  • Window Features: Blinds, Double Pane Windows, Screens

Exterior Features

  • Foundation: Brick/Mortar
  • View: Neighborhood
  • Fencing: Chain Link, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Brick, Vinyl Siding, Wood Siding

Garage/Parking

  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Natural Gas Available, Sewer Connected, Phone Connected
  • Heating: Yes
  • Appliances: Electric Water Heater, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator
  • Heating Type: Natural Gas, Wall Furnace
  • Trash Expense: 120.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Gentle Sloping, Lawn, Rectangular Lot, Sprinklers In Front, Sprinklers Timer, Sprinkler System
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 2450.00
  • Gross Multiplier: 7.47
  • Gross Scheduled Income: 29400.00
  • Insurance Expense: 190.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 18600.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10800.00
  • Rent Control: No
  • Total Actual Rent: 1825.00

Tax Info

  • New Taxes Expense: 300.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2017
Sold by
Anderson Andrew R
Bought by
Anderland Llc
Current Estimated Value
$397,690

Purchase Details

Listed on
Nov 3, 2014
Closed on
Dec 10, 2014
Sold by
Fedeli Andrew S
Bought by
Anderson Andrew R and Anderson Tara D
Seller's Agent
Adam Fedeli
Chico Homes
Buyer's Agent
Tara Anderson
The Group
List Price
$219,500
Sold Price
$202,500
Premium/Discount to List
-$17,000
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.24%

Purchase Details

Closed on
Jul 11, 2014
Sold by
Fedeli Heather Sager
Bought by
Fedeli Andrew S

Purchase Details

Closed on
Apr 8, 2009
Sold by
Wells Fargo Bank National Association
Bought by
Fedeli Andrew S and Fedeli Heather Sager

Purchase Details

Closed on
Jan 16, 2009
Sold by
Rojas Manuel V
Bought by
Wells Fargo Bank National Association

Purchase Details

Closed on
Apr 27, 2005
Sold by
Armstrong Kristine
Bought by
Rojas Manuel and Rojas Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 25, 2004
Sold by
Armstrong Jeffrey C
Bought by
Armstrong Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2004
Sold by
Martin Brian J
Bought by
Armstrong Kristine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2000
Sold by
Hoffman Jon F
Bought by
Martin Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
8.27%

Purchase Details

Closed on
Sep 12, 1997
Sold by
Perry Richard L
Bought by
Hoffman Jon F and Starling Jane
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Anderland Llc -- None Available
Anderson Andrew R $202,500 Mid Valley Title & Escrow Co
Fedeli Andrew S -- Mid Valley Title & Escrow Co
Fedeli Andrew S $177,500 Clear Title Agency
Wells Fargo Bank National Association $206,932 None Available
Rojas Manuel $425,000 Fidelity Natl Title Co Of Ca
Armstrong Kristine -- Mid Valley Title & Escrow Co
Armstrong Kristine $255,000 Mid Valley Title & Escrow Co
Martin Brian $102,000 Mid Valley Title & Escrow Co
Hoffman Jon F -- First American Title Guarant
Perry Richard L $31,498 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rojas Manuel $312,000
Previous Owner Armstrong Kristine $200,000
Previous Owner Martin Brian $81,600
Closed Martin Brian $10,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/24/2014 12/24/14 Sold $202,500 -7.7% $55 / Sq Ft
11/08/2014 11/08/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $219,500 -- $60 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,775 $242,361 $36,051 $206,310
2024 $4,775 $235,649 $35,345 $200,304
2023 $4,881 $233,029 $34,652 $198,377
2022 $4,603 $228,500 $33,973 $194,527
2021 $4,473 $224,059 $33,307 $190,752
2020 $4,282 $221,783 $32,966 $188,817
2019 $4,244 $217,474 $32,320 $185,154
2018 $4,119 $213,250 $31,687 $181,563
2017 $4,041 $209,109 $31,066 $178,043
2016 $3,985 $205,049 $30,457 $174,592
2015 $3,815 $202,000 $30,000 $172,000
2014 $3,497 $185,833 $42,018 $143,815
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14234326

California Regional Multiple Listing Service (CRMLS)

APN: 012-081-009-000

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