$1,000,000
SOLD OCT 19, 2023

6118 Clark Rd Paradise, CA 95969

4 Beds
4 Baths
221,720 Sq Ft
5.09 Acres

Recently Sold

$5 Per Sq Ft

15% Below List Price

16 Days on Market

Highlights

  • 5.09 Acre Lot
  • Central Heating and Cooling System
  • Carpet
  • Beamed Ceilings
  • Ceiling Fan
  • 1-Story Property

About This Home

As of October 2023

Builder/Investor Opportunity. Welcome to Shelter Cove. Situated on over 5 acres, four units remain from the original thirty two. The existing units have been thoughtfully renovated to perfection, showcasing new roofs, windows, appliances, cabinets, counters, faucets, floors, water heaters, Other improvements include a fresh coat of interior and exterior paint, some new asphalt, new concrete pathways, sod and sprinklers. There are two parcels included in the purchase with nine septic tanks, and 5 storage sheds. Additional land at the back of the property has potential for additional units. Water meters are water ready. Owner will carry to a qualified buyer, terms have potential to offset payments while under construction. Located in town proposed sewer system.

Last Agent to Sell the Property

Brandi Laffins

Re/Max of Chico License #01140900 Listed on: 09/06/2023

Re/Max of Chico

Last Buyer's Agent

Allan MacDonald

Century 21 Select Real Estate, Inc. License #01320729

Century 21 Select Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,786

Year Built

  • Built in 1972

Lot Details

  • 5.09 Acre Lot
  • Two or More Common Walls
  • 053103032000

Home Design

  • Quadruplex

Interior Spaces

  • 221,720 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Ceiling Fan

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Parking

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

Location

  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Conventional Septic

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number 053103031000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 8 Separate Water Meters
  • Electric Expense $960
  • Gardener Expense $2,760
  • Insurance Expense $2,909
  • Trash Expense $1,056
  • Water Sewer Expense $2,760
  • Operating Expense $7,536
  • Gross Income $49,200
  • Net Operating Income $39,546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,786

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 293750
  • Property Attached: Yes
  • Water Sewer Expenses: 2760.00
  • Zoning: C2
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 2760.00
  • Parcel Number: 053103031000
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s)
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 4.51

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Central
  • Sewer: Conventional Septic
  • Trash Expense: 1056.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 053103032000
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 221720.40
  • Lot Size Acres: 5.0900

Multi Family

  • Electric Expense: 960.00
  • Gross Income: 49200.00
  • Gross Scheduled Income: 49200.00
  • Insurance Expense: 2909.00
  • Lot Size Area: 5.0900 Acres
  • Net Operating Income: 39546.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 8
  • Number Of Units Total: 4
  • Operating Expense: 9625.00
  • Rent Control: No
  • Total Expenses: 7536.00

Tax Info

  • Tax Census Tract: 20.00
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 16, 2023
Sold by
Ronald And Shaundra Cook Trust
Bought by
Blanton Kenneth D
Seller's Agent
Brandi Laffins
Re/Max of Chico
Buyer's Agent
Allan MacDonald
Century 21 Select Real Estate, Inc.
List Price
$1,175,000
Sold Price
$1,000,000
Premium/Discount to List
-$175,000
-14.89%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.87%
Original Mortgage
$800,000
Outstanding Balance
$786,444
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$65,056

Purchase Details

Closed on
May 14, 2019
Sold by
Cook Ronald Lee and Cook Shaundra
Bought by
Cook Ronald Lee and Cook Shaundra Denise

Purchase Details

Closed on
Jun 28, 2012
Sold by
Titensor Barry R and Titensor Verna Irene
Bought by
Cook Ronald Lee and Cook Shaundra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.74%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 8, 1999
Sold by
Shelter Cove Investors
Bought by
Titensor Barry R and Titensor Verna Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
7.89%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Grant Deed $1,000,000 Mid Valley Title
Interfamily Deed Transfer -- None Available
Grant Deed $2,000,000 Mid Valley Title & Escrow Co
Grant Deed $1,385,000 Mid Valley Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $1,550,000 Seller Take Back
Previous Owner $750,000 Commercial
Previous Owner $795,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 For Sale $2,800,000 +180.0% --
10/19/2023 10/19/23 Sold $1,000,000 -14.9% $5 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $1,175,000 -- $5 / 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
2024 $8,786 $770,000 $330,000 $440,000
2023 $5,710 $511,906 $236,719 $275,187
2022 $5,605 $501,870 $232,078 $269,792
2021 $5,486 $492,030 $227,528 $264,502
2020 $5,219 $486,985 $225,195 $261,790
2019 $5,118 $477,437 $220,780 $256,657
2018 $10,919 $1,028,145 $216,451 $811,694
2017 $10,754 $1,007,986 $212,207 $795,779
2016 $10,346 $988,223 $208,047 $780,176
2015 $10,185 $973,380 $204,922 $768,458
2014 $9,999 $954,313 $200,908 $753,405
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN23166714

California Regional Multiple Listing Service (CRMLS)

APN: 053-103-031-000