NOT LISTED FOR SALE

3696 Spencer Ave Oroville, CA 95966

Estimated Value: $152,000 - $211,000

5 Beds
2 Baths
1,240 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $190,000 $153 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $1,054/month

7 Days on Market

Highlights

  • No HOA
  • Level Lot
  • 1-Story Property
  • Laundry Room

About This Home

As of September 2024

Looking to do a little income property investing? Here is something to consider. Two homes here are being sold together adjacent to one another on separate parcels. The first is 3696 Spencer Avenue (AP#035-153-010), which is 3 bedrooms, 1 bathroom built in 1940 at 760+/-sf renting at $800.00 a month. The other is 2160 Fort Wayne Street (AP#035-153-009), which is a 2 bedroom, 1 bathroom built in 1936 at 480+/-sf renting at $800.00 per month. These homes sit side by side to one another and are currently occupied. (The Spencer parcel has an additional building at 576+/-sf which was prior used as a rental and is now used as storage. Owners have plans drafted 4/26/2023 to convert this to an ADU unit; available for review in MLS other docs. One would more than likely need to re-address the project with the city of Oroville building and planning. Designed to convert to a 1 bedroom with living, kitchen, full bath and laundry room). Both parcels sit on 0.11+/- acre lots for a total of 0.22+/- acres. DO NOT DISTURB TENANTS. *PUBLIC NOTE: SHOWN TO INTERESTED PROSPECTS WITH OFFER SUBJECT TO INTERIOR INSPECTIONS ONLY. WITH PROOF OF FUNDS OR QUALIFICATION LETTER ATTACHED. NO EXCEPTIONS.** Seller is not vacating tenants, tenants are staying. This is being sold as income property. Income and Expenses estimates per seller.

Last Agent to Sell the Property

Mario Gattavara

Coldwell Banker Lifestyle Properties Brokerage Phone: 530-588-8373 License #01368823 Listed on: 08/17/2024

Coldwell Banker Lifestyle Properties

Co-Listed By

Antonio Cisneros

Coldwell Banker Lifestyle Properties Brokerage Phone: 530-588-8373 License #02165262

Coldwell Banker Lifestyle Properties

Last Buyer's Agent

Antonio Cisneros

Coldwell Banker Lifestyle Properties Brokerage Phone: 530-588-8373 License #02165262

Coldwell Banker Lifestyle Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot
  • 035153009000

Home Design

  • Entry on the 1st floor
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,240 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Assessor Parcel Number 035153010000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1137.80
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 035153010000
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 153.23

Exterior Features

  • Foundation: Concrete Perimeter
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 624.72
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 035153009000
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 9583.20
  • Lot Size Acres: 0.2200
  • Latitude Manual: 39.49576300

Multi Family

  • Average2 Bed Area: 480 Square Feet
  • Average3 Bed Area: 760 Square Feet
  • Gross Income: 13857.40
  • Gross Scheduled Income: 19200.00
  • Insurance Expense: 980.00
  • Lot Size Area: 0.2200 Acres
  • Net Operating Income: 19200.00
  • 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: 2
  • Operating Expense: 5342.52
  • Rent Control: Yes
  • Total Actual Rent: 1600.00
  • Total Expenses: 5342.52

Tax Info

  • New Taxes Expense: 2600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2024
Closed on
Sep 11, 2024
Sold by
Toledo Elsa and Eppel Joseph J
Bought by
Lopez Antonio and Rodriguez Esmeralda Soria
Seller's Agent
Mario Gattavara
Coldwell Banker Lifestyle Properties
Buyer's Agent
Antonio Cisneros
Coldwell Banker Lifestyle Properties
List Price
$218,000
Sold Price
$190,000
Premium/Discount to List
-$28,000
-12.84%
Views
13
Current Estimated Value
$174,585

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,415
Avg. Annual Appreciation
-6.12%

Purchase Details

Closed on
Feb 17, 2005
Sold by
Eppel Joseph J
Bought by
Eppel Joseph J and Toledo Elsa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,025
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 19, 2005
Sold by
Cardenas Alejandro and Cardenas Avelina A
Bought by
Eppel Joseph J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,025
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopez Antonio $265,000 Mid Valley Title & Escrow
Eppel Joseph J $8,500 --
Eppel Joseph J $76,500 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eppel Joseph J $65,025
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $190,000 -12.8% $153 / Sq Ft
08/24/2024 08/24/24 Pending -- -- --
08/17/2024 08/17/24 For Sale $218,000 -- $176 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,539 $107,000 $55,000 $52,000
2024 $1,539 $152,382 $54,653 $97,729
2023 $1,676 $149,395 $53,582 $95,813
2022 $1,621 $146,467 $52,532 $93,935
2021 $1,609 $120,000 $50,000 $70,000
2020 $1,400 $100,000 $40,000 $60,000
2019 $1,236 $85,000 $25,000 $60,000
2018 $965 $60,000 $15,000 $45,000
2017 $849 $50,000 $10,000 $40,000
2016 $795 $45,000 $10,000 $35,000
2015 $775 $45,000 $10,000 $35,000
2014 $786 $45,000 $10,000 $35,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OR24170933

California Regional Multiple Listing Service (CRMLS)

APN: 035-153-010-000