NOT LISTED FOR SALE

18527 N Cherry Creek Rd Grass Valley, CA 95949

Estimated Value: $331,000 - $531,000

5 Beds
4 Baths
-- Sq Ft
0.8 Acres

Last Sold March 07, 2017

Last sale price $309,425

Est. 36% increase in value since last sale

Current estimated payment $2,559/month

135 Days on Market

Highlights

  • No HOA
  • Cottage
  • 1-Story Property

About This Home

As of March 2017

Great Investment!! Four legal homes (18527, 18535, 18551, 18565 North Cherry Creek )on just under an acre. Total monthly rent equals $2,845 for the past several years with zero vacancy. These homes are conveniently located just south of Grass Valley off Highway 49. These homes each have their own address, and small yards. Three homes are 1 bedroom 1 bath, while one home is a two bedroom, 1 bath. Pipe treated water, 4 separate electrical meters, 4 separate propane meters. These homes are on the corner of North Cherry Creek and Oak Drive. 100% occupied currently with great tenants. Extremely low vacancy rate over the past 5 years. Drive- bys are welcome, however DO NOT disturb the tenants. All showings must be through listing broker.

Last Agent to Sell the Property

Dick Law

Paul Law Realty License #00542011 Listed on: 09/19/2016

Last Buyer's Agent

Dick Law

Paul Law Realty License #00542011 Listed on: 09/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,321

Year Built

  • Built in 1967

Lot Details

  • 0.8

Parking

  • 1 Parking Space Included

Home Design

  • Cottage
  • Raised Foundation

Additional Features

  • 1-Story Property
  • 0.8 Acre Lot
  • Septic System

Listing and Financial Details

  • Tenant pays for cable tv electricity gas
  • Assessor Parcel Number 56-110-10-000

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings

Building Details

  • 4 Leased Units
  • 4 Units Leased Month-To-Month

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,321

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: ResidentialIncome
  • Property Subtype 1: Other
  • Year Built: 1967
  • Accessibility Features: 0
  • Architectural Style: Cottage/Bungalow
  • Stories: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Gas Oven,Built-In Gas Range,Built-In Refrigerator,Varies By Unit
  • Other Equipment: Varies by Unit
  • Flooring: Carpet,Laminate
  • Price Per Square Foot: 147.35

Exterior Features

  • Construction Materials: Wood
  • Disclosures/Documents: Rental/Lease Agmts
  • Foundation: Raised
  • Listing Price: 350000.00
  • Patio And Porch Features: Covered Patio,Varies by Unit,See Remarks
  • Roof: Composition,Flat
  • View Description: Other

Garage/Parking

  • Parking Features: 1+ Space Per Unit

Utilities

  • Security: Carbon Mon Detector,Smoke Detector
  • Sewer: Septic System
  • Cooling: Varies by Unit
  • Heating: Floor Furnace,Propane
  • Water Source: Public

Condo/Co-op/Association

  • Association Features: Patios/Balcony,Yard Space,Varies By Unit
  • Association: No

Lot Info

  • Zoning Description: R-1
  • Lot Size Acres: 0.8000
  • Lot Size Sq Ft: 34848

Rental Info

  • Tenant Pays: Cable TV,Electricity,Gas
  • Total # Leasable: 4

Multi Family

  • Income Includes: See Remarks
  • Number of Leased Units: 4
  • Number of Month to Month Units: 4

Tax Info

  • Assessor Parcel Number: 56-110-10-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Nevada

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2022
Sold by
Warren Family Investment Partnership
Bought by
Kafantaris James H
Current Estimated Value
$419,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$397,488
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$21,845

Purchase Details

Closed on
Dec 22, 2021
Sold by
Kafantaris Karina S
Bought by
Kafantaris James H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2021
Sold by
Warren Family Investment Partnership
Bought by
Warren Family Investment Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 19, 2016
Closed on
Feb 27, 2017
Sold by
Logan Marilyn J and Marilyn J Logan Revocable Trus
Bought by
Warren Family Investment Partnership
Seller's Agent
Dick Law
Paul Law Realty
Buyer's Agent
Dick Law
Paul Law Realty
List Price
$350,000
Sold Price
$309,425
Premium/Discount to List
-$40,575
-11.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Closed on
Aug 27, 2010
Sold by
Logan Marilyn J
Bought by
Logan Marilyn J and The Marilyn J Logan Revocable
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kafantaris James H $300,000 Stewart Title Of California
Kafantaris James H -- Stewart Title Of Ca Inc
Warren Family Investment Partnership -- Stewart Title Of Ca Inc
Warren Family Investment Partnership $309,500 Placer Title Company
Logan Marilyn J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kafantaris James H $420,000
Previous Owner Warren Family Investment Partnership $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2017 03/07/17 Sold $309,425 -11.6% --
02/01/2017 02/01/17 Pending -- -- --
09/19/2016 09/19/16 For Sale $350,000 -- --
Source: MetroList

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 $4,321 $406,850 $102,799 $304,051
2024 $4,238 $398,874 $100,784 $298,090
2023 $4,238 $340,228 $89,239 $250,989
2022 $3,729 $333,558 $87,490 $246,068
2021 $3,628 $327,019 $85,775 $241,244
2020 $3,618 $323,667 $84,896 $238,771
2019 $3,485 $317,322 $83,232 $234,090
2018 $3,474 $311,100 $81,600 $229,500
2017 $1,301 $104,397 $27,835 $76,562
2016 $1,256 $102,351 $27,290 $75,061
2015 $1,237 $100,815 $26,881 $73,934
2014 $1,217 $98,841 $26,355 $72,486
Source: Public Records

Agents Affiliated with this Home

  • Dick Law

    Seller's Agent in 2017

    Dick Law

    Paul Law Realty

    (530) 277-4538

    9 Total Sales

    Dick Law
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Map

Source: MetroList

MLS Number: 16604055

MetroList

APN: 056-110-010-000

California Nevada County Grass Valley 95949

18527 N Cherry Creek Rd, Grass Valley, CA

This home is located at 18527 N Cherry Creek Rd, Grass Valley, CA 95949 since 19 September 2016 and is currently estimated at $419,333. This property was built in 1967. 18527 N Cherry Creek Rd is a home located in Nevada County with nearby schools including Cottage Hill Elementary School, Magnolia Intermediate School, and Cornerstone Christian Schools.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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