NOT LISTED FOR SALE

585 S Jackson St Red Bluff, CA 96080

Estimated Value: $426,000 - $545,000

8 Beds
4 Baths
3,050 Sq Ft
$157/Sq Ft Est. Value

Last Sold February 07, 2018

Last sale price $232,500 $76 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $2,767/month

29 Days on Market

Highlights

  • Private Yard
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • No HOA
  • Crown Molding
  • Ceramic Countertops

About This Home

As of February 2018

Looking for a fantastic investment opportunity?! Well look no further! This Fourplex is the perfect use for your investment dollars! Very clean & well kept along with close to schools, churches & the new Walmart. It's Being sold along with 575 S Jackson (APN 033-170-023-000) $249,600, another 4plex on separate parcel. They share the water line, so should be sold together. Each 4 plex brings in about $2300 ($4600 total) mo rent currently with proforma $5100 when all rents are adjusted to new. Each apartment is a 2 bed 1 bath approx 750 sq ft & there are currently no vacancies. Being set up on 2 parcels also broadens the financing options. Previous owners put in a lot of work and it shows! Most of the apartments are carpeted, but some have partially laminate flooring. There is a garden plot for each apartment and a communal BBQ / picnic area. Separate Laundry Room has contract machines from WASH. These units re-rent rapidly and have very steady tenants. Previous owner bought as an REO. Sq Ft, lot size and yr built all taken from county record, buyer to verify to satisfaction. Photos are mixture of both units

Last Agent to Sell the Property

Becky Johns

EXP Realty of Northern California, Inc. License #01496335 Listed on: 11/14/2017

EXP Realty of Northern California, Inc.

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,692

Year Built

  • Built in 1963

Lot Details

  • 9,583 Sq Ft Lot
  • Two or More Common Walls
  • Private Yard
  • Lawn
  • Garden

Parking

  • 4 Parking Spaces

Home Design

  • Property Attached
  • Raised Foundation
  • Frame Construction
  • Stucco

Interior Spaces

  • 3,050 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling Fan
  • Living Room
  • Neighborhood Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Ceramic Countertops
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 033170025000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $2,100
  • Insurance Expense $3,468
  • Maintenance Expense $2,100
  • Other Expense $840
  • Pest Control $420
  • Trash Expense $720
  • Water Sewer Expense $1,500
  • New Taxes Expense $2,500
  • Operating Expense $12,548
  • Gross Income $27,600
  • Net Operating Income $15,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,692

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 033170025000
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Crown Molding, Formica Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 76.23
  • Room Type: Kitchen, Living Room

Exterior Features

  • Foundation: Raised
  • Exterior Features: Lighting, Rain Gutters
  • View: Neighborhood
  • Pool Private: No
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace, Natural Gas
  • Laundry Features: Community
  • Pest Control Expense: 420.00
  • Sewer: Public Sewer
  • Trash Expense: 720.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Foothills, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Garden, Lawn, Yard
  • Lot Size Sq Ft: 9583.00

Multi Family

  • Average2 Bed Area: 750 Square Feet
  • Electric Expense: 2100.00
  • Gross Income: 27600.00
  • Gross Scheduled Income: 27600.00
  • Insurance Expense: 3468.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 150.00
  • Maintenance Expense: 2100.00
  • Net Operating Income: 15052.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 12548.00
  • Other Expense: 840.00
  • Other Expense Description: Yard ser
  • Rent Control: No
  • Total Actual Rent: 27600.00
  • Total Expenses: 12548.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 2500.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2017
Closed on
Jan 9, 2018
Sold by
Nelson Robert D and Nelson E
Bought by
Shope Scott R
Seller's Agent
Becky Johns
EXP Realty of Northern California, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$249,600
Sold Price
$232,500
Premium/Discount to List
-$17,100
-6.85%
Current Estimated Value
$477,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,833
Avg. Annual Appreciation
8.95%
Original Mortgage
$317,500
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2016
Sold by
Nelson Robert D
Bought by
Nelson Robert D and Nelson Marie E C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2010
Sold by
Us Bank National Association
Bought by
Proteger Llc

Purchase Details

Closed on
Jun 1, 2010
Sold by
Kellogg Bruce M
Bought by
Us Bank National Association and Bs Abs 2006-St1

Purchase Details

Closed on
Dec 10, 2003
Sold by
Millar Wendy and Millar Mikell
Bought by
Kellogg Bruce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2002
Sold by
Dittner Cori
Bought by
Dittner Chris A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.52%

Purchase Details

Closed on
Jul 25, 2002
Sold by
Dittner Chris A
Bought by
Millar Mikell and Millar Wendy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
6.52%
Source: Public Records

Range of Values:

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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
Shope Scott R $465,000 Placer Title Co
Nelson Robert D -- None Available
Proteger Llc $118,000 Ticor Title Co
Us Bank National Association $125,000 Security Union Title Ins Co
Kellogg Bruce M $245,000 Chicago Title Co
Dittner Chris A -- Northern California Title Co
Millar Mikell $269,000 Northern California Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shope Scott R $465,000
Closed Shope Scott R $317,500
Previous Owner Nelson Robert D $112,000
Previous Owner Kellogg Bruce M $196,000
Previous Owner Millar Mikell $239,000
Closed Kellogg Bruce M $24,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2018 02/07/18 Sold $232,500 -6.9% $76 / Sq Ft
11/14/2017 11/14/17 For Sale $249,600 -- $82 / 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 $2,692 $264,540 $39,821 $224,719
2023 $2,647 $254,270 $38,276 $215,994
2022 $2,630 $249,285 $37,526 $211,759
2021 $2,524 $244,398 $36,791 $207,607
2020 $2,577 $241,893 $36,414 $205,479
2019 $2,593 $237,150 $35,700 $201,450
2018 $1,720 $166,464 $31,212 $135,252
2017 $1,736 $163,200 $30,600 $132,600
2016 $1,296 $127,704 $37,877 $89,827
2015 -- $125,787 $37,309 $88,478
2014 $1,258 $123,324 $36,579 $86,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN17259046

California Regional Multiple Listing Service (CRMLS)

APN: 033-170-025-000