NOT LISTED FOR SALE

5527 Paloma Ave Paradise, CA 95969

Estimated Value: $43,000 - $50,000

0.31 Acre
$146,600 Price per Acre
13,504 Sq Ft Lot

Last Sold December 06, 2024

Last sale price $45,000 $29 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $281/month

Highlights

  • Mountain View
  • Cul-De-Sac
  • Mountainous Community
  • No HOA
  • Park
  • 3-minute walk to Paradise Swimming Pool

About This Lot

As of December 2024

This 1/3-acre lot in lower Paradise offers endless possibilities. Originally a duplex with two 2-bedroom, 1-bathroom units, this property is zoned for multi-family use, buyer to investigate zoning with Town of Paradise. Conveniently located near Paradise Aquatic Park, Rotary Grove Park & Paradise Memorial Park, it's close to shopping, dining, and other amenities. The easy commute to Chico makes this an ideal location for investors or homeowners. The seller has maintained the water hookup, making it easier for the new owner. While the septic condition is unknown, this blank slate is perfect for rebuilding your dream investment property.

Last Agent to Sell the Property

Amy Campbell

Keller Williams Realty Chico Area Brokerage Phone: 5308289559 License #02061098 Listed on: 11/20/2024

Keller Williams Realty Chico Area

Last Buyer's Agent

Chari Bullock

American Homes and Land License #01426229

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $421

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Rectangular Lot
  • Property is zoned MF

Property Views

  • Mountain
  • Neighborhood

Utilities

  • Conventional Septic
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 054100026000

Community Details

Overview

  • No Home Owners Association
  • Mountainous Community

Recreation

  • Park

Property Details

Property Type

Land

Est. Annual Taxes

$421

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: MF
  • Property Type: Land
  • Parcel Number: 054100026000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 3.33

Exterior Features

  • View: Mountain(s), Neighborhood

Utilities

  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Park, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Rectangular Lot
  • Lot Size Sq Ft: 13504.00
  • Lot Size Acres: 0.3100

Multi Family

  • Lot Size Area: 13504.0000 Square Feet

Tax Info

  • Tax Census Tract: 22.00
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Dec 4, 2024
Sold by
Roger W Cole Revocable Trust and Orene Owen Revocable Trust
Bought by
Woodview Cottages Llc
Seller's Agent
Amy Campbell
Keller Williams Realty Chico Area
Buyer's Agent
Chari Bullock
American Homes and Land
List Price
$50,000
Sold Price
$45,000
Premium/Discount to List
-$5,000
-10%
Current Estimated Value
$45,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$446
Avg. Annual Appreciation
-0.79%

Purchase Details

Closed on
Jan 5, 2011
Sold by
Norcal Redevelopment Corp
Bought by
Cole Roger W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2010
Sold by
Pennington Joseph M
Bought by
Norcal Redevelopment Corp

Purchase Details

Closed on
Nov 14, 2002
Sold by
Pennington Joseph M
Bought by
Pennington Joseph M and Pennington Holly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2002
Sold by
Raye Sonja
Bought by
Pennington Joseph M and Pennington Holly S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
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
Woodview Cottages Llc $45,000 Mid Valley Title & Escrow
Cole Roger W $110,000 Mid Valley Title & Escrow Co
Norcal Redevelopment Corp -- Mid Valley Title
Pennington Joseph M -- Fidelity Natl Title Co Of Ca
Pennington Joseph M -- Fidelity Natl Title Co Of Ca
Pennington Joseph M $96,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Owen Orene $88,000
Previous Owner Pennington Joseph M $81,000
Previous Owner Pennington Joseph M $104,000
Previous Owner Pennington Joseph M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold $45,000 -10.0% $29 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/20/2024 11/20/24 For Sale $50,000 -- $32 / 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 $421 $45,000 $45,000 --
2024 $421 $35,000 $35,000 $0
2023 $374 $30,000 $30,000 $0
2022 $429 $35,000 $35,000 $0
2021 $319 $25,000 $25,000 $0
2020 $308 $25,000 $25,000 $0
2019 $308 $25,000 $25,000 $0
2018 $1,345 $123,853 $45,037 $78,816
2017 $1,325 $121,425 $44,154 $77,271
2016 $1,281 $119,045 $43,289 $75,756
2015 $1,261 $117,258 $42,639 $74,619
2014 $1,239 $114,962 $41,804 $73,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN24237152

California Regional Multiple Listing Service (CRMLS)

APN: 054-100-026-000