NOT LISTED FOR SALE

3575 Burlington Ave Oroville, CA 95966

Estimated Value: $162,000 - $233,000

3 Beds
1 Bath
1,092 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $139,500 $128 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,140/month

10 Days on Market

Highlights

  • Second Garage
  • Laundry Room
  • Dog Park
  • Wood Flooring
  • Bike Trail
  • West Facing Home

About This Home

As of December 2019

This is a turn key Investment Opportunity for you! This investment offers a 8-9% cash on cash return, with a $200-300 per month cash flow estimated with a 5% vacancy factor and a 3% repair factor with a 8% property management fee accounted for. This is a charming 3 bed 1 bath home that has hardwood floors and a convenient floor plan, and a detached garage. The home offers a dining room, large kitchen, and cozy living room area. The property is fully fenced in and has a nice front yard and back yard area. There is a brick wood fireplace to make for cozy nights. The house is conveniently located near Oro Dam Blvd for shopping and close to Las Plumas, and Hellen Wilcox schools.

Last Agent to Sell the Property

Jonathan Minerick

Homecoin.com License #01523060 Listed on: 09/27/2019

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,594

Year Built

  • Built in 1961

Lot Details

  • 4,792 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Chain Link Fence
  • No Sprinklers
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • Second Garage
  • Parking Available
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 1,092 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Gas Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Doors are 32 inches wide or more

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 9,10 / 1
  • Assessor Parcel Number 035163001000

Community Details

Overview

  • 2 Buildings

Recreation

  • Dog Park
  • Bike Trail

Building Details

  • Insurance Expense $60
  • Other Expense $115
  • New Taxes Expense $1,680
  • Operating Expense $175
  • Net Operating Income $10,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,594

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Zoning: RN
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Parcel Number: 035163001000
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 32 Inch Or More Wide Doors
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 127.75
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • Other Structures: Second Garage Detached
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Drywall Walls, Stucco, Wood Siding

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Gravel, Off Street
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Water Heater, Refrigerator
  • Heating Type: Wall Furnace, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Dog Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinklers None
  • Lot Size Sq Ft: 4791.60
  • Lot Size Acres: 0.1100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 12300.00
  • Insurance Expense: 60.00
  • Lot Size Area: 0.1100 Acres
  • Net Operating Income: 10200.00
  • Number Of Units Total: 1
  • Operating Expense: 2100.00
  • Other Expense: 115.00
  • Other Expense Description: prop tax
  • Rent Control: No
  • Total Expenses: 175.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 1680.00
  • Tax Block: 1
  • Tax Census Tract: 30.01
  • Tax Lot: 9,10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2019
Closed on
Nov 25, 2019
Sold by
Wilson Shawn Phillip and Wilson Jasmin
Bought by
Saephan Sangwarn and Saechao Meuyweun
Seller's Agent
Jonathan Minerick
Homecoin.com
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$140,000
Sold Price
$139,500
Premium/Discount to List
-$500
-0.36%
Current Estimated Value
$190,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,075
Avg. Annual Appreciation
7.88%
Original Mortgage
$120,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2016
Sold by
Wilson Shawn Phillip and Wilson Shawn P
Bought by
Wilson Shawn Phillip and Wilson Jasmin

Purchase Details

Closed on
Dec 22, 2015
Sold by
Davidson Gloria D
Bought by
Wilson Shawn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2015
Sold by
Wilson Jasmin
Bought by
Wilson Shawn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,600
Interest Rate
3.96%
Mortgage Type
New Conventional
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
Saephan Sangwarn $140,000 Mid Valley Title & Escrow Co
Wilson Shawn Phillip -- None Available
Wilson Shawn P $52,000 Bidwell Title & Escrow Co
Wilson Shawn P -- Bidwell Title & Escrow Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saephan Sangwarn $111,600
Closed Saephan Sangwarn $120,000
Previous Owner Wilson Shawn P $41,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $139,500 -0.4% $128 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
09/27/2019 09/27/19 For Sale $140,000 -- $128 / 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 $1,594 $153,107 $54,681 $98,426
2024 $1,594 $150,106 $53,609 $96,497
2023 $1,651 $147,163 $52,558 $94,605
2022 $1,597 $144,278 $51,528 $92,750
2021 $1,706 $141,450 $50,518 $90,932
2020 $1,704 $140,000 $50,000 $90,000
2019 $778 $55,181 $10,612 $44,569
2018 $771 $54,100 $10,404 $43,696
2017 $1,142 $53,040 $10,200 $42,840
2016 $745 $52,000 $10,000 $42,000
2015 $398 $21,120 $2,925 $18,195
2014 $398 $20,707 $2,868 $17,839
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR19230208

California Regional Multiple Listing Service (CRMLS)

APN: 035-163-001-000