NOT LISTED FOR SALE

1535 Safford St Oroville, CA 95965

Estimated Value: $328,000 - $616,000

2 Beds
3 Baths
2,284 Sq Ft
$186/Sq Ft Est. Value

Last Sold April 02, 2018

Last sale price $408,500 $179 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,754/month

6 Days on Market

Highlights

  • Rectangular Lot
  • Wall Furnace
  • 3-minute walk to Rotary Park

About This Home

As of April 2018

Six (6) total units here. One 1 bedroom home at rear of lot. Four studios and an attached 1 bedroom. (Unit square footage per MLS estimates only). Situated in a quiet location close to The Feather River in downtown Oroville. Units rent as follows: 4 studios at $450 each per month. 1 bedroom apartment at $650 per month. The home is rented at $690 per month. Income figures provided by seller. Total rental income of $3,140 per month. No Common interest driveway separates this property and neighboring property (2 units/homes adjacent offered separately at $155,000). Owner may consider owner financing with large down on negotiated terms, carrying small balance. Short distance to schools, town and city amenities. Affordable investment for the individual looking to generate rental income. To be shown to buyers with offers subject to interior inspections with verification of qualifications. Income & Expenses are rough estimates.

Last Agent to Sell the Property

Mario Gattavara

Coldwell Banker Lifestyle Properties License #01368823 Listed on: 02/21/2018

Coldwell Banker Lifestyle Properties

Last Buyer's Agent

Mario Gattavara

Coldwell Banker Lifestyle Properties License #01368823 Listed on: 02/21/2018

Coldwell Banker Lifestyle Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,425

Year Built

  • Built in 1947

Lot Details

  • 5,227 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Level Lot
  • 012026004000

Home Design

  • 2,284 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Parking

  • On-Street Parking
  • Off-Site Parking

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 012026003000

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,100
  • Trash Expense $280
  • Water Sewer Expense $1,000
  • New Taxes Expense $3,025
  • Operating Expense $5,405
  • Gross Income $37,680
  • Net Operating Income $32,275

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,425

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1000.00
  • Property Type: Residential Income
  • Parcel Number: 012026003000
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 178.85

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking Features: Off Site, Street

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 280.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 012026004000
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot
  • Lot Size Sq Ft: 5227.20

Multi Family

  • Average1 Bed Area: 475 Square Feet
  • Average Studio Area: 333 Square Feet
  • Gross Income: 37680.00
  • Gross Scheduled Income: 37680.00
  • Insurance Expense: 1100.00
  • Net Operating Income: 32275.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 5405.00
  • Rent Control: No
  • Total Actual Rent: 3140.00
  • Total Expenses: 5405.00

Tax Info

  • New Taxes Expense: 3025.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 27, 2018
Sold by
Emmett Charles and Emmett Laneda
Bought by
Templeton Chet P
Seller's Agent
Mario Gattavara
Coldwell Banker Lifestyle Properties
Buyer's Agent
Mario Gattavara
Coldwell Banker Lifestyle Properties
List Price
$275,000
Sold Price
$408,500
Premium/Discount to List
$133,500
48.55%
Current Estimated Value
$424,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,500
Avg. Annual Appreciation
0.49%
Original Mortgage
$315,000
Outstanding Balance
$270,516
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
$153,484

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 17, 2018
Sold by
Templeton Natalya
Bought by
Templeton Chet T
Seller's Agent
Mario Gattavara
Coldwell Banker Lifestyle Properties
Buyer's Agent
Mario Gattavara
Coldwell Banker Lifestyle Properties
List Price
$275,000
Sold Price
$408,500
Premium/Discount to List
$133,500
48.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$270,516
Interest Rate
4.38%
Mortgage Type
Commercial
Estimated Equity
$153,484

Purchase Details

Closed on
Aug 5, 2003
Sold by
Emmett Charles and Emmett Laneda
Bought by
Emmett Charles
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
Templeton Chet P $408,500 Bidwell Titel & Escrwo Co
Templeton Chet T -- Bidwell Title & Escrow Co
Emmett Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Templeton Chet P $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2018 04/02/18 Sold $408,500 +48.5% $179 / Sq Ft
02/27/2018 02/27/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $275,000 -- $120 / 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 $6,425 $297,537 $62,578 $234,959
2024 $6,425 $291,703 $61,351 $230,352
2023 $6,592 $285,985 $60,149 $225,836
2022 $6,200 $280,378 $58,970 $221,408
2021 $6,017 $274,881 $57,814 $217,067
2020 $5,731 $272,064 $57,222 $214,842
2019 $5,683 $266,730 $56,100 $210,630
2018 $4,129 $137,437 $30,339 $107,098
2017 $4,078 $134,744 $29,745 $104,999
2016 $4,020 $132,103 $29,162 $102,941
2015 $3,869 $130,119 $28,724 $101,395
2014 $3,572 $127,571 $28,162 $99,409
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR18040684

California Regional Multiple Listing Service (CRMLS)

APN: 012-026-003-000