NOT LISTED FOR SALE

938 5th St Orland, CA 95963

Estimated Value: $363,278 - $454,000

1 Bed
1 Bath
1,710 Sq Ft
$227/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $327,000 $191 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,379/month

142 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Cooling System Mounted To A Wall/Window
  • Bike Trail
  • No HOA
  • Foothills
  • 2-minute walk to Library Park

About This Home

As of October 2020

INVESTORS HERE WE GO! THIS CUTE 4 PLEX IS LOCATED IN THE HEART OF ORLAND, EACH ONE BEDROOM UNIT IS DIFFERENT FROM THE OTHER AND NETS $25301.00 PER YEAR. THE SELLER PAYS FOR WATER AND AN $80.00 PER MONTH LANDSCAPING FEE. THIS ONE WILL GO FAST, IT IS CUTE AND CLEAN WITH NEW EXTERIOR PAINT AND AWNINGS. THE TENANTS ENJOY A LARGE YARD AND PARKING AREA. ONLY MINUTES TO CHICO AS WELL.

Last Agent to Sell the Property

Colette Cutter

Better Choice Real Estate License #01903952 Listed on: 06/10/2020

Last Buyer's Agent

Ilda Andrade-Gutierrez

Thrive Real Estate Company License #02078319

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,896

Year Built

  • Built in 1938

Lot Details

  • 0.35 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • Density is up to 1 Unit/Acre
  • Land Lease

Home Design

  • 1,710 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 1 Bathroom

Additional Features

  • Rain Gutters
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 040215007

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Foothills

Recreation

  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Gardener Expense $960
  • Insurance Expense $1,084
  • Water Sewer Expense $2,802
  • New Taxes Expense $1,047
  • Operating Expense $4,938
  • Gross Income $30,240
  • Net Operating Income $25,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,896

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 2802.00
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 040215007
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 191.23
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Foothills, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot
  • Lot Size Sq Ft: 15246.00
  • Lot Size Acres: 0.3500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 30240.00
  • Gross Scheduled Income: 30240.00
  • Insurance Expense: 1084.00
  • Lot Size Area: 0.3500 Acres
  • Net Operating Income: 25300.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 4938.00
  • Rent Control: No
  • Total Expenses: 4938.00

Tax Info

  • New Taxes Expense: 1047.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2020
Closed on
Oct 23, 2020
Sold by
Woodward Delmar G
Bought by
Garcia Juan J Reynoso and Andrade Ilda E
Seller's Agent
Colette Cutter
Better Choice Real Estate
Buyer's Agent
Ilda Andrade-Gutierrez
Thrive Real Estate Company
List Price
$349,000
Sold Price
$327,000
Premium/Discount to List
-$22,000
-6.3%
Current Estimated Value
$387,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,320
Avg. Annual Appreciation
3.47%
Original Mortgage
$245,250
Outstanding Balance
$217,739
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$169,581

Purchase Details

Closed on
Jan 25, 2005
Sold by
Woodward Laurie Ann
Bought by
Woodward Delmar G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 22, 2004
Sold by
Enos Marie B
Bought by
Woodward Delmar G and Woodward Laurie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,500
Interest Rate
6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
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
Garcia Juan J Reynoso $327,000 Northern California Title Co
Woodward Delmar G -- Glenn County Title Co
Woodward Delmar G $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Juan J Reynoso $245,250
Previous Owner Woodward Delmar G $213,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $327,000 -4.9% $191 / Sq Ft
08/24/2020 08/24/20 Price Changed $344,000 -1.4% $201 / Sq Ft
06/10/2020 06/10/20 For Sale $349,000 -- $204 / 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 $3,896 $353,952 $108,242 $245,710
2024 $3,896 $347,013 $106,120 $240,893
2023 $3,819 $340,210 $104,040 $236,170
2022 $3,746 $333,540 $102,000 $231,540
2021 $3,702 $327,000 $100,000 $227,000
2020 $1,129 $91,288 $43,600 $47,688
2019 $1,048 $82,990 $39,637 $43,353
2018 $944 $77,561 $37,044 $40,517
2017 $951 $73,868 $35,280 $38,588
2016 $876 $70,350 $33,600 $36,750
2015 -- $67,000 $32,000 $35,000
2014 $795 $63,000 $30,000 $33,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SN20111994

California Regional Multiple Listing Service (CRMLS)

APN: 040-215-007-000