NOT LISTED FOR SALE

256 N Butte St Willows, CA 95988

Estimated Value: $266,488

2 Beds
2 Baths
4,650 Sq Ft
$57/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $250,000 $54 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,645/month

1,004 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Home Office
  • Corner Lot
  • No HOA
  • Galley Kitchen

About This Home

As of October 2018

Unique opportunity! Own a piece of history! Commercial/Residential building for sale! Bottom is currently under lease until 6/2019. There is 2650 sf of commercial space with open area, backroom area and remodeled bathrooms. Top is an 1960's retro apartments with many unique features. 2 large bedrooms, 2 bathrooms, office area (downstairs off foyer), large living room/dining room combo with built in hutch. Galley style kitchen with breakfast nook and laundry, and pantry area. Stairs lead down to a patio area, storage and a single car garage. Apartment is aprox. 2000 sf. Central air and heat in both units. Live in the top and let the bottom pay the mortgage!

Last Agent to Sell the Property

Raeann Titus

Titus Properties License #01230408 Listed on: 11/23/2015

Last Buyer's Agent

Raeann Titus

Titus Properties License #01230408 Listed on: 11/23/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 2,650 Sq Ft Lot
  • Lot Dimensions are 50 x 53
  • No Common Walls
  • Wood Fence
  • Corner Lot

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • Slab Foundation
  • Stucco

Interior Spaces

  • 4,650 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Entrance Foyer
  • Living Room
  • Home Office

Kitchen

  • Galley Kitchen
  • Electric Range
  • Formica Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • All Upper Level Bedrooms
  • Walk-In Closet
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • 220 Volts in Kitchen
  • Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, trash collection, water
  • Assessor Parcel Number 0030340070

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,200
  • Maintenance Expense $500
  • New Taxes Expense $4,056
  • Operating Expense $7,752
  • Gross Income $1,270
  • Net Operating Income $15,244

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • CapRate: 4.50
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Property Type: Residential Income
  • Parcel Number: 0030340070
  • Year Built: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Formica Counters, High Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 53.76
  • Room Type: All Bedrooms Up, Entry, Foyer, Galley Kitchen, Living Room, Walk-In Closet, Office

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Water Heater
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central
  • Laundry Features: In Kitchen
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size: 50 X 53
  • Lot Size Sq Ft: 2650.00
  • Price Per Lot Square Foot: 129.06
  • Lot Size Acres: 0.0610

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Trash Collection, Water

Multi Family

  • Gross Income: 1270.00
  • Gross Scheduled Income: 21000.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 2650.0000 Square Feet
  • Maintenance Expense: 500.00
  • Net Operating Income: 15244.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 3
  • Number With Drapes: 1
  • Number With Patio: 1
  • Number With Range: 1
  • Operating Expense: 5756.00
  • Rent Control: No
  • Total Actual Rent: 1750.00
  • Total Expenses: 7752.00

Tax Info

  • New Taxes Expense: 4056.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2024
Sold by
Timwatco Llc
Bought by
Gundersen Dalas Lee
Current Estimated Value
$266,488

Purchase Details

Listed on
Nov 23, 2015
Closed on
Sep 17, 2018
Sold by
Gates Raymond L and The Gates Family Trust
Bought by
Timwatco Llc
Seller's Agent
Raeann Titus
Titus Properties
Buyer's Agent
Raeann Titus
Titus Properties
List Price
$348,000
Sold Price
$250,000
Premium/Discount to List
-$98,000
-28.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.07%
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Gundersen Dalas Lee $270,000 Timios Title
Timwatco Llc $250,000 Timios Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Timwatco Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $250,000 -12.3% $54 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
08/20/2017 08/20/17 Price Changed $285,000 -15.2% $61 / Sq Ft
10/13/2016 10/13/16 Price Changed $336,000 -3.4% $72 / Sq Ft
11/23/2015 11/23/15 For Sale $348,000 -- $75 / 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 $3,028 $270,000 $25,000 $245,000
2024 $3,028 $273,408 $49,212 $224,196
2023 $3,007 $268,048 $48,248 $219,800
2022 $2,938 $262,793 $47,302 $215,491
2021 $2,882 $257,641 $46,375 $211,266
2020 $3,341 $255,000 $45,900 $209,100
2019 $3,323 $250,000 $45,000 $205,000
2018 $2,293 $157,417 $15,600 $141,817
2017 $2,279 $154,332 $15,295 $139,037
2016 $2,160 $151,307 $14,996 $136,311
2015 -- $149,035 $14,771 $134,264
2014 $2,072 $146,116 $14,482 $131,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15251451

California Regional Multiple Listing Service (CRMLS)

APN: 003-034-007-000