NOT LISTED FOR SALE

881 Robinson St Oroville, CA 95965

Estimated Value: $352,633 - $457,000

8 Beds
4 Baths
7,841 Sq Ft
$53/Sq Ft Est. Value

Last Sold December 21, 2016

Last sale price $220,000 $28 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,657/month

373 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Carpet
  • Cooling System Mounted To A Wall/Window
  • Ceiling Fan
  • 4-minute walk to Sank Park

About This Home

As of December 2016

This investment opportunity won't last long! Fully occupied 4-plex, offering 2 bedroom, 1 bath units. Near shopping and Oroville Hospital! Each tenant pays $550 per month, with seller paying utilities of $126 per month. Great investment opportunity!

Last Agent to Sell the Property

Sima Saboury

Porchlight Real Estate Brokers License #01792124 Listed on: 06/22/2016

Last Buyer's Agent

Steven Depa

Re/Max of Chico License #00813533

Re/Max of Chico

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,913

Year Built

  • Built in 1973

Lot Details

  • 7,841 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 6 Car Garage

Home Design

  • Brick Exterior Construction
  • Pre-Cast Concrete Construction

Interior Spaces

  • 7,841 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Upper Level Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts in Kitchen

Additional Features

  • Rain Gutters
  • Suburban Location

Listing and Financial Details

  • Assessor Parcel Number 012125004000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $26
  • Insurance Expense $1,322
  • Trash Expense $50
  • New Taxes Expense $2,988
  • Gross Income $2,200
  • Net Operating Income $19,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,913

Year Built

Built in 1973

Lot Details

0

Parking

6

Listing Details

  • Property Attached: No
  • Property Type: Residential Income
  • Parcel Number: 012125004000
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet
  • Appliances: Yes
  • Price Per Square Foot: 28.06
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No
  • Construction Materials: Brick, Concrete

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Connected, Water Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Electric Range
  • Electric: 220 Volts in Kitchen
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Trash Expense: 50.00
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 31.88
  • Lot Size Acres: 0.1800

Multi Family

  • Average1 Bed Area: 638
  • Electric Expense: 26.00
  • Gross Income: 2200.00
  • Gross Scheduled Income: 26400.00
  • Insurance Expense: 1322.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 19258.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 5822.00
  • Rent Control: No
  • Vacancy Allowance: 5

Tax Info

  • New Taxes Expense: 2988.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2020
Sold by
Short Kirk R
Bought by
Short Kirk R and Short Family Trust
Current Estimated Value
$412,658

Purchase Details

Listed on
Jun 22, 2016
Closed on
Nov 21, 2016
Sold by
Johns Stuart E and Johns Mary J
Bought by
Short Kirk R
Seller's Agent
Sima Saboury
Porchlight Real Estate Brokers
Buyer's Agent
Steven Depa
Re/Max of Chico
List Price
$235,000
Sold Price
$220,000
Premium/Discount to List
-$15,000
-6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.53%
Original Mortgage
$154,000
Outstanding Balance
$124,817
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$287,841

Purchase Details

Closed on
Apr 17, 2008
Sold by
Johns Stuart
Bought by
Johns Stuart E and Johns Mary J

Purchase Details

Closed on
Jul 8, 2005
Sold by
Johns Mary J
Bought by
Johns Stuart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,500
Interest Rate
5.51%
Mortgage Type
Fannie Mae Freddie Mac
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
Short Kirk R -- None Available
Short Kirk R $220,000 Mid Valley Title & Escrow Co
Johns Stuart E -- None Available
Johns Stuart -- --
Johns Stuart -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Short Kirk R $154,000
Previous Owner Johns Stuart $159,500
Previous Owner Johns Stuart E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2016 12/21/16 Sold $220,000 0.0% $28 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
09/23/2016 09/23/16 Price Changed $220,000 -6.4% $28 / Sq Ft
10/10/2015 10/10/15 For Sale $235,000 -- $30 / 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 $4,913 $255,322 $46,420 $208,902
2024 $4,913 $250,316 $45,510 $204,806
2023 $5,016 $245,409 $44,618 $200,791
2022 $4,733 $240,598 $43,744 $196,854
2021 $4,601 $235,882 $42,887 $192,995
2020 $4,410 $233,465 $42,448 $191,017
2019 $4,370 $228,888 $41,616 $187,272
2018 $4,242 $224,400 $40,800 $183,600
2017 $4,160 $220,000 $40,000 $180,000
2016 $3,446 $144,113 $24,009 $120,104
2015 $3,180 $141,949 $23,649 $118,300
2014 $2,988 $139,169 $23,186 $115,983
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CH15222676

California Regional Multiple Listing Service (CRMLS)

APN: 012-125-004-000