NOT LISTED FOR SALE

1512 Pomona Ave Oroville, CA 95965

Estimated Value: $337,675 - $421,000

8 Beds
4 Baths
2,800 Sq Ft
$133/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $210,000 $75 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,358/month

314 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Cooling System Mounted To A Wall/Window
  • Level Lot
  • 4-minute walk to Centennial Park

About This Home

As of November 2016

Price Reduced! Amazing deal for this recently renovated 4-plex. Great cash flow opportunity. On site, coin operated laundry offers additional income potential. Updates in the last 2 years include all new siding and fresh exterior paint, new insulation and new windows. All 4 units had new wall AC units, 3 units have new hot water heaters, new flooring, fresh paint and new blinds. Don't miss this one!

Last Agent to Sell the Property

Kimberly Nedelkow

Re/Max of Chico License #01462465 Listed on: 03/04/2016

Re/Max of Chico

Last Buyer's Agent

TJ Jensen

Century 21 Select Real Estate Inc License #01952290

Century 21 Select Real Estate Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,786

Year Built

  • Built in 1963

Lot Details

  • 6,970 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 012144017000

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,727
  • Water Sewer Expense $2,303
  • New Taxes Expense $2,500
  • Operating Expense $6,530
  • Gross Income $2,320
  • Net Operating Income $13,246

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,786

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Privately Maintained, Paved
  • Water Sewer Expenses: 2303.00
  • Property Type: Residential Income
  • Parcel Number: 012144017000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Levels: Two
  • Price Per Square Foot: 75.00

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community, Dryer Included, Individual Room, Washer Included
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 6970.00
  • Price Per Lot Square Foot: 32.27
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2320.00
  • Gross Scheduled Income: 27840.00
  • Insurance Expense: 1727.00
  • Laundry Income: 25.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 13246.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 6530.00
  • Rent Control: No
  • Total Expenses: 6530.00

Tax Info

  • New Taxes Expense: 2500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2016
Closed on
Nov 15, 2016
Sold by
Rasmussen Jeffery and Rasmussen Michelle
Bought by
Liss Frank T and Liss Jennifer A
Seller's Agent
Kimberly Nedelkow
Re/Max of Chico
Buyer's Agent
TJ Jensen
Century 21 Select Real Estate Inc
List Price
$249,900
Sold Price
$210,000
Premium/Discount to List
-$39,900
-15.97%
Current Estimated Value
$372,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,558
Avg. Annual Appreciation
6.62%
Original Mortgage
$157,500
Outstanding Balance
$126,445
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$246,113

Purchase Details

Listed on
Aug 5, 2013
Closed on
Nov 18, 2013
Sold by
Fannie Mae
Bought by
Rasmussen Jeffery and Rasmussen Michelle
Seller's Agent
Kimberly Nedelkow
Re/Max of Chico
Buyer's Agent
Kimberly Nedelkow
Re/Max of Chico
List Price
$199,900
Sold Price
$165,000
Premium/Discount to List
-$34,900
-17.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%

Purchase Details

Closed on
Jun 7, 2013
Sold by
Gmac Mortgage Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 3, 2013
Sold by
Fernandez Guadalupe R and Fernandez Antonio M
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jul 24, 2007
Sold by
Fernandez Antonio M
Bought by
Fernandez Guadalupe R

Purchase Details

Closed on
May 12, 2006
Sold by
Fernandez Jose
Bought by
Fernandez Guadalupe R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 9, 2006
Sold by
Saetern Charles C and Saetern May T
Bought by
Fernandez Guadalupe R and Fernandez Antonio M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 10, 2004
Sold by
Cluver Theodore and Marolla Chris
Bought by
Saetern Charles C and Saetern May T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2003
Sold by
Cavness Charles Monroe
Bought by
Cluver Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 9, 2002
Sold by
Martsolf John W and Martsolf June S
Bought by
Cavness Charles Monroe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
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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
Liss Frank T $210,000 Mid Valley Title & Escrow Co
Rasmussen Jeffery $165,000 Mid Valley Title
Federal National Mortgage Association $162,000 First American Title Company
Gmac Mortgage Llc $266,235 First American Title Ins Co
Fernandez Guadalupe R $177,500 None Available
Fernandez Guadalupe R -- Bidwell Title & Escrow Co
Fernandez Guadalupe R $350,000 Bidwell Title & Escrow Co
Saetern Charles C $265,000 Mid Valley Title & Escrow Co
Cluver Theodore $205,000 --
Cavness Charles Monroe $110,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liss Frank T $157,500
Previous Owner Fernandez Guadalupe R $262,500
Previous Owner Saetern Charles C $212,000
Previous Owner Cluver Theodore $160,000
Previous Owner Cavness Charles Monroe $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/17/2016 11/17/16 Sold $210,000 -2.3% $75 / Sq Ft
10/11/2016 10/11/16 Pending -- -- --
09/26/2016 09/26/16 Price Changed $214,900 -14.0% $77 / Sq Ft
12/02/2015 12/02/15 For Sale $249,900 +51.5% $89 / Sq Ft
11/22/2013 11/22/13 Sold $165,000 -17.5% $59 / Sq Ft View Prior Sale
10/18/2013 10/18/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $199,900 -- $71 / 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 $4,786 $243,396 $46,420 $196,976
2024 $4,786 $236,663 $45,510 $191,153
2023 $4,891 $234,023 $44,618 $189,405
2022 $4,613 $229,475 $43,744 $185,731
2021 $4,484 $225,016 $42,887 $182,129
2020 $4,293 $222,730 $42,448 $180,282
2019 $4,254 $218,403 $41,616 $176,787
2018 $4,129 $214,160 $40,800 $173,360
2017 $4,051 $210,000 $40,000 $170,000
2016 $3,608 $170,790 $25,887 $144,903
2015 $3,458 $168,256 $25,499 $142,757
2014 $3,270 $165,000 $25,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR15255683

California Regional Multiple Listing Service (CRMLS)

APN: 012-144-017-000