NOT LISTED FOR SALE

815 Gardella Ave Oroville, CA 95965

Estimated Value: $273,000 - $527,000

8 Beds
4 Baths
3,090 Sq Ft
$134/Sq Ft Est. Value

Last Sold December 23, 2015

Last sale price $260,000 $84 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,632/month

358 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Private Yard
  • Neighborhood Views
  • Contemporary Architecture
  • No HOA
  • Laundry Room

About This Home

As of December 2015

NICE 4-PLEX ON LARGE CORNER LOT. 8 Bedrooms, 4 baths, fenced yards, 2-Buildings, washer/dryer hook-ups, curbs, gutters, on city services. Annual income $36,000 with Cap rate on 9.1%

Last Agent to Sell the Property

Bob Contreras

Re/Max of Chico License #01094252 Listed on: 04/22/2015

Re/Max of Chico

Last Buyer's Agent

Jacob Tiffany

Coldwell Banker C&C Properties License #01805411

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,469

Year Built

  • Built in 1975

Lot Details

  • 0.25 Acre Lot
  • 1 Common Wall
  • Wood Fence
  • Level Lot
  • Private Yard
  • Density is 2-5 Units/Acre

Parking

  • On-Street Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,090 Sq Ft Home
  • Ceiling Fan
  • Neighborhood Views

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • 4 Bathrooms

Laundry

  • Laundry Room
  • 220 Volts In Laundry
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, repairs
  • Tax Lot 1
  • Assessor Parcel Number 012184001000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $1,720
  • Maintenance Expense $1,500
  • Other Expense $1,800
  • Trash Expense $840
  • Water Sewer Expense $1,260
  • New Taxes Expense $3,488
  • Gross Income $3,000
  • Net Operating Income $25,392

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,469

Year Built

Built in 1975

Lot Details

0

Listing Details

  • CapRate: 9.10
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Water Sewer Expenses: 1260.00
  • Zoning: R2
  • Architectural Style: Contemporary
  • Property Condition: Repairs Cosmetic
  • Property Type: Residential Income
  • Parcel Number: 012184001000
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 84.14
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Electric: 220 Volts in Laundry
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Trash Expense: 840.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: 2-5 Units/Acre, Level with Street, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 10890.00
  • Price Per Lot Square Foot: 23.88
  • Lot Size Acres: 0.2500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Repairs

Multi Family

  • Gross Income: 3000.00
  • Gross Scheduled Income: 36000.00
  • Insurance Expense: 1720.00
  • Lot Size Area: 10890.0000 Square Feet
  • Maintenance Expense: 1500.00
  • Maintenance Percent: 4.20
  • Net Operating Income: 25392.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 4
  • Operating Expense: 10608.00
  • Other Expense: 1800.00
  • Other Expense Description: Vacancy
  • Rent Control: No
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 3488.00
  • Tax Lot: 1
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Dec 21, 2015
Sold by
Sterling Mathew J and Sterling Cynthia A
Bought by
Mathew J Sterling and Sterling R Cynthia A
Seller's Agent
Bob Contreras
Re/Max of Chico
Buyer's Agent
Jacob Tiffany
Coldwell Banker C&C Properties
List Price
$279,000
Sold Price
$260,000
Premium/Discount to List
-$19,000
-6.81%
Current Estimated Value
$413,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,564
Avg. Annual Appreciation
4.82%
Original Mortgage
$182,000
Outstanding Balance
$143,973
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$269,591

Purchase Details

Listed on
Apr 22, 2015
Closed on
Nov 24, 2015
Sold by
Garcia Ruben and Garcia Cupertina
Bought by
Sterling Mathew J and Sterling Cynthia A
Seller's Agent
Bob Contreras
Re/Max of Chico
Buyer's Agent
Jacob Tiffany
Coldwell Banker C&C Properties
List Price
$279,000
Sold Price
$260,000
Premium/Discount to List
-$19,000
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Outstanding Balance
$143,973
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$269,591

Purchase Details

Closed on
Jun 13, 2005
Sold by
Cagnacci Peter J and Cagnacci Carol S
Bought by
Garcia Ruben and Garcia Cupertina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
5.72%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 2, 2003
Sold by
Cagnacci Peter J and Cagnacci Carol S
Bought by
Cagnacci Peter J
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
Mathew J Sterling -- Mid Valley Title
Sterling Mathew J $260,000 Mid Valley Title & Escrow Co
Garcia Ruben $297,000 Mid Valley Title & Escrow Co
Cagnacci Peter J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sterling Mathew J $182,000
Previous Owner Garcia Ruben $237,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2015 12/23/15 Sold $260,000 -6.8% $84 / Sq Ft
10/28/2015 10/28/15 Pending -- -- --
11/04/2014 11/04/14 For Sale $279,000 -- $90 / 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 $5,469 $307,412 $47,348 $260,064
2024 $5,469 $299,424 $46,420 $253,004
2023 $5,566 $295,554 $45,510 $250,044
2022 $5,265 $289,799 $44,618 $245,181
2021 $5,124 $284,157 $43,744 $240,413
2020 $4,933 $281,265 $43,296 $237,969
2019 $4,885 $275,791 $42,448 $233,343
2018 $4,752 $270,423 $41,616 $228,807
2017 $4,654 $265,160 $40,800 $224,360
2016 $4,964 $260,000 $40,000 $220,000
2015 $3,815 $202,000 $35,000 $167,000
2014 $3,673 $202,000 $35,000 $167,000
Source: Public Records

Agents Affiliated with this Home

  • Bob Contreras

    Seller's Agent in 2015

    Bob Contreras

    RE/MAX

    2 in this area

    38 Total Sales

    Bob Contreras
    Section Image

  • J

    Buyer's Agent in 2015

    Jacob Tiffany

    Coldwell Banker C&C Properties

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH14234905

California Regional Multiple Listing Service (CRMLS)

APN: 012-184-001-000

California Butte County Oroville 95965

815 Gardella Ave, Oroville, CA

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