NOT LISTED FOR SALE

5613 Jewell Rd Paradise, CA 95969

Estimated Value: $281,000 - $447,000

1 Bed
1 Bath
2,700 Sq Ft
$143/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $255,000 $94 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $2,251/month

39 Days on Market

Highlights

  • Lawn
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • No HOA
  • Tile Countertops
  • Carpet

About This Home

As of August 2017

4-plex in average condition located in nice lower paradise location just off Skyway gross yearly rents are ( 4 units*$595 per month*12mo.=$28,560)
($285,560 * 11 gross rent multiplier would put value at $314,160) great investment opportunity has joint on site laundry, needs new roof on carport and main roof is getting close. One unit rents for $550 due to longer term tenant.

Last Agent to Sell the Property

Norm Atkin

Atkin Real Estate Inc License #00548094 Listed on: 06/01/2017

Last Buyer's Agent

Daniel Bosch

Re/Max of Chico License #01236305

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 0.47 Acre Lot
  • 1 Common Wall
  • Lawn
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 2,700 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Electric Range
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Electric Water Heater
  • Conventional Septic
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 052250002000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • Electric Expense $2,485
  • Insurance Expense $1,300
  • Maintenance Expense $600
  • Trash Expense $960
  • Water Sewer Expense $1,200
  • New Taxes Expense $3,500
  • Operating Expense $8,760
  • Gross Income $28,560
  • Net Operating Income $18,515

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1200.00
  • Zoning: A2LTD
  • Property Type: Residential Income
  • Parcel Number: 052250002000
  • Year Built: 1952
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Tile Counters
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 94.44
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Electric Water Heater
  • Heating Type: Electric
  • Laundry Features: Common Area, Community
  • Sewer: Conventional Septic
  • Trash Expense: 960.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Lawn
  • Lot Size Sq Ft: 20473.00

Multi Family

  • Average1 Bed Area: 675 Square Feet
  • Electric Expense: 2485.00
  • Gross Income: 28560.00
  • Gross Scheduled Income: 28560.00
  • Insurance Expense: 1300.00
  • Maintenance Expense: 600.00
  • Net Operating Income: 18515.00
  • Number Of Separate Electric Meters: 4
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 10045.00
  • Rent Control: No
  • Total Expenses: 8760.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Census Tract: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2023
Sold by
Menesini Andrew T
Bought by
Menesini Family Trust and Menesini
Current Estimated Value
$385,667

Purchase Details

Listed on
Jun 1, 2017
Closed on
Aug 23, 2017
Sold by
Atkin Cory W
Bought by
Menesini Andrew T
Seller's Agent
Norm Atkin
Atkin Real Estate Inc
Buyer's Agent
Daniel Bosch
Re/Max of Chico
List Price
$275,000
Sold Price
$255,000
Premium/Discount to List
-$20,000
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$191,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2014
Sold by
Duncan Larry R and Duncan Shirley
Bought by
Atkin Cory W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,196
Interest Rate
4.17%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2012
Sold by
Garcia Francisco R and Rivera Martin
Bought by
Duncan Larry R and Duncan Shirley

Purchase Details

Closed on
Jun 1, 2007
Sold by
Garcia Francisco R and Rivera Martin
Bought by
Garcia Francisco R and Rivera Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 30, 2007
Sold by
Rivera Adriana
Bought by
Rivera Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
6.12%
Mortgage Type
Seller Take Back
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
Menesini Family Trust -- None Listed On Document
Menesini Andrew T $255,000 Mid Valley Title & Escrow Co
Atkin Cory W $210,000 Fidelity National Title Co
Duncan Larry R $267,375 Mid Valley Title & Escrow Co
Garcia Francisco R -- None Available
Rivera Martin -- Fidelity Natl Title Co Of Ca
Garcia Francisco R -- Fidelity Natl Title Co Of Ca
Garcia Francisco R $305,000 Fidelity Natl Title Co Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Menesini Andrew T $191,250
Previous Owner Atkin Cory W $206,196
Previous Owner Garcia Francisco R $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2017 08/30/17 Sold $255,000 -7.3% $94 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
06/21/2017 06/21/17 Price Changed $275,000 0.0% $102 / Sq Ft
06/21/2017 06/21/17 For Sale $275,000 +3.8% $102 / Sq Ft
06/06/2017 06/06/17 Pending -- -- --
06/01/2017 06/01/17 For Sale $265,000 -- $98 / 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 $2,981 $278,763 $91,023 $187,740
2024 $2,981 $273,298 $89,239 $184,059
2023 $2,960 $267,940 $87,490 $180,450
2022 $2,905 $262,687 $85,775 $176,912
2021 $2,096 $172,500 $84,094 $88,406
2020 $308 $25,000 $25,000 $0
2019 $308 $25,000 $25,000 $0
2018 $2,721 $255,000 $80,000 $175,000
2017 $2,340 $217,465 $62,133 $155,332
2016 $2,255 $213,202 $60,915 $152,287
2015 $2,220 $210,000 $60,000 $150,000
2014 $2,124 $200,000 $75,000 $125,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH17122760

California Regional Multiple Listing Service (CRMLS)

APN: 052-250-002-000

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