NOT LISTED FOR SALE

720 Madrone Way Paradise, CA 95969

Estimated Value: $436,507 - $640,000

0.33 Acre
$1,635,233 Price per Acre
14,375 Sq Ft Lot

Last Sold November 03, 2020

Last sale price $29,000 $21 Per Sq Ft

Est. 1,761% increase in value since last sale

Current estimated payment $3,257/month

2 Days on Market

Highlights

  • Fishing
  • Property is near a park
  • No HOA
  • Community Lake
  • Valley View
  • Hiking Trails

About This Lot

As of November 2020

Terrific opportunity to build in Paradise! Centrally located in a highly desirable neighborhood, you’ll find this spacious one-third acre flat lot beaming with potential. Underground electric. Plenty of room for a home, garage, detached shop, RV parking etc. Phase 2 debris removal is complete. Possibility for a circular driveway too! This property previously had a 1401 sq. ft. home built in 1960, and extra space for parking vehicles and turning around. The previous home was burned in the Camp Fire. A video tour is available upon request. The information contained herein has been obtained through sources deemed reliable but has not been verified by agent and is not guaranteed to be accurate. Buyers are advised to investigate to their satisfaction. Any information of special interest should be obtained through independent verification. Use caution as hazards may exist above and on the ground.

Last Agent to Sell the Property

Dustin Cheatham

Upside Real Estate License #01972561 Listed on: 09/29/2020

Last Buyer's Agent

Douglas Speicher

Real Broker Technologies License #01978165

Real Broker Technologies

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,619

Lot Details

  • 0.33 Acre Lot
  • Level Lot
  • Back Yard
  • Property is zoned R1AC

Property Views

  • Valley
  • Neighborhood

Location

  • Property is near a park

Utilities

  • Underground Utilities
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 051092034000

Community Details

Overview

  • No Home Owners Association
  • Community Lake
  • Near a National Forest
  • Foothills

Recreation

  • Fishing
  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$4,619

Lot Details

0

Listing Details

  • Road Surface Type: Paved
  • View: Yes
  • Zoning: R1AC
  • Property Type: Land
  • Parcel Number: 051092034000
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 2.02

Exterior Features

  • View: Neighborhood, Valley

Utilities

  • Utilities: Underground Utilities, Water Available
  • Sewer: Conventional Septic
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Fishing, Foothills, Hiking, Lake, Horse Trails, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Level, Park Nearby
  • Lot Size Sq Ft: 14375.00
  • Lot Size Acres: 0.3300

Multi Family

  • Lot Size Area: 14375.0000 Square Feet

Tax Info

  • Tax Census Tract: 18.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Stroup Jarrod and Nestor Tara
Bought by
Stroup Company Inc
Current Estimated Value
$539,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$371,341
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$168,286

Purchase Details

Closed on
May 19, 2021
Sold by
American Dream Construction Inc
Bought by
Stroup Jarrod and Nestor Tara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 29, 2020
Closed on
Oct 16, 2020
Sold by
Bond Robert L
Bought by
American Dream Construction Inc
Seller's Agent
Dustin Cheatham
Upside Real Estate
Buyer's Agent
Douglas Speicher
Real Broker Technologies
List Price
$36,000
Sold Price
$29,000
Premium/Discount to List
-$7,000
-19.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.94%

Purchase Details

Closed on
May 16, 2016
Sold by
Bond Robert L
Bought by
Bond Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2010
Sold by
Bond Robert L and Bond Carolyn J
Bought by
Bond Robert L and Bond Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 1997
Sold by
Bond Robert Lee and Bond Carolyn Joyce
Bought by
Bond Robert L and Bond Carolyn J
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
Stroup Company Inc -- Mid Valley Title & Escrow
Stroup Jarrod $32,500 Mid Valley Title & Escrow Co
American Dream Construction Inc $29,000 Mid Valley T&E Co
Bond Robert L -- First American Title Co
Bond Robert L -- First American Title Co
Bond Robert L -- First American Title Company
Bond Robert L -- First American Title Company
Bond Robert L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stroup Company Inc $380,000
Previous Owner Stroup Jarrod $200,000
Previous Owner Bond Robert L $127,500
Previous Owner Bond Robert L $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2020 11/03/20 Sold $29,000 -19.4% $21 / Sq Ft
10/01/2020 10/01/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $36,000 -- $26 / 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 $4,619 $443,700 $112,200 $331,500
2024 $4,619 $435,000 $110,000 $325,000
2023 $4,349 $400,492 $33,292 $367,200
2022 $4,326 $392,640 $32,640 $360,000
2021 $363 $29,000 $29,000 $0
2020 $150 $9,808 $9,808 $0
2019 $148 $9,616 $9,616 $0
2018 $686 $60,433 $9,428 $51,005
2017 $675 $59,249 $9,244 $50,005
2016 $650 $58,088 $9,063 $49,025
2015 $641 $57,216 $8,927 $48,289
2014 -- $56,097 $8,753 $47,344
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20203925

California Regional Multiple Listing Service (CRMLS)

APN: 051-092-034-000